Special-Coverage >>Reform and opening-up

China's development model belongs to the world

As globalization goes deeper, economic and trade ties between China and most other countries in the world have seen rapid growth. In this new era of high interconnectivity and win-win cooperation, China has learned from the development experience of countries worldwide with a humble attitude and honest diligence to form its unique “socialism with Chinese characteristics” development model. In this process, China borrowed experience from the world's most developed countries and set foot on a development path that was suited to its own situation. This model has powered the economic take-off and soaring growth of China.
Source: Global Times | 2018/12/17 18:38:40

In testing time, Beijing must resolutely pursue reform and opening-up at own pace

China has granted German insurer Allianz permission to establish the country's first wholly foreign-owned insurance holding company. The approval, which came several years earlier than anticipated, is a positive signal that the opening-up of China's financial sectors will accelerate.
Source: Global Times | 2018/11/25 23:13:39

Economy better served by reform than macro controls

There is a growing view that privately owned enterprises may be facing their most difficult period since 1992. The Chinese economy has experienced many ups and downs, but such pessimism is still rare among private entrepreneurs, and this deserves a high degree of attention from policymakers.
Source: Global Times | 2018/11/18 19:28:39

China's reform experience aids developing economies

This year is the 40th anniversary of China's reform and opening-up. When this process started in late 1978, China was one of the poorest countries in the world. From that low starting point, China has achieved an average 9.5 percent annual GDP growth rate. No any other country or region in human history has kept up such a high speed of economic growth for such a long time.
Source: Global Times | 2018/11/11 22:03:39

China's reforms transform bad leverage into good

Given external impacts and economic downward pressure, the Chinese economy needs to decisively shift to stabilizing leverage from deleveraging next year.
Source: Global Times | 2018/10/25 19:58:41

China's success has lessons for the world

Owing to the Chinese policy of investing in a shared future, the developing world is now looking toward China rather than at traditional players of global growth. The inventive methods adopted by China in fostering development are a lesson that any developing nation can overcome challenges even during the span of a single generation.
Source: Global Times | 2018/7/4 9:48:39

Belt and Road mirrors China's enterprising spirit behind reform and opening-up

The Belt and Road initiative can be seen as a transition of China's 40 years of opening-up into the overseas arena. What China needs to make sure is to communicate the methods and goals of the initiative as clearly as it has managed to get the world to understand the nation's rise over the last 40 years.
Source: Global Times | 2018/6/27 19:33:41

B&R offers room for further China-UK cooperation

The UK and China share strong ties and their collaboration on academic and business levels is getting deeper. As China's new round of opening-up continues and the Belt and Road (B&R) initiative gathers steam, the two countries will be able to broaden their cooperation. The 48 Group Club celebrated the 10th Anniversary of “The 48 Group Club Young Icebreakers” on June 5 in London. The “young icebreakers” is a network for young UK-China business leaders, acting as a bridge between China and the UK. On the sidelines of the event, Global Times London correspondent Sun Wei (GT) talked to Sir Gerry Grimstone (Grimstone), chairman of Standard Life Aberdeen, on China's further opening-up.
Source: Global Times | 2018/6/11 21:03:40

China, UK can work on finance opportunities, risks

China is a firm supporter of globalization. The Belt and Road (B&R) initiative has now connected more than 100 countries and international organizations, providing numerous public benefits and opportunities. And since the 2018 Boao Forum for Asia, China has been engaging in further opening-up, with a focus on the financial sector. Against this backdrop, the 10th Lujiazui Forum 2018 will be held in Shanghai on June 14 and 15 with the theme of “Shanghai's development toward an international financial center in the new era.” Global Times London Correspondent Sun Wei (GT) interviewed Catherine McGuinness (McGuinness), chairman of the Policy and Resources Committee under the City of London Corporation, before her trip to Shanghai to attend the Lujiazui Forum. The two of them discussed China's opening-up and the City of London's role in the B&R initiative.
Source: Global Times | 2018/5/29 21:13:40

Regulatory upgrade needed to deal with financial risks

Since the 19th National Congress of the Communist Party of China (CPC) last year, the pace of opening-up in China's financial sector has been even more rapid. On Saturday and Sunday, the 2018 Tsinghua PBCSF Global Finance Forum was held in Beijing, with the theme of “Financial Reform, Opening-Up and Stability in the New Era.” Attendees at the forum offered their views on the impact of opening the financial sector, the direction of financial reforms, technology for financial infrastructure service and supervision, and measures for dealing with risks.
Source: Global Times | 2018/5/22 21:53:41

China forming acceptance of LGBT people on own pace

The move of Mango TV is not necessarily correct. Perhaps greater flexibility leading to a more open society will be more welcomed. But is it really necessary for Western media to impose their political correctness on China ?
Source: Global Times | 2018/5/13 22:43:39

Scholars debate major-country diplomacy with Chinese characteristics in new era

China's expanding diplomatic influence calls for continued academic support of China's diplomacy. As the Chinese government pledges major-country diplomacy with Chinese characteristics, what is its significance to China and the world? More than 80 Chinese scholars from key universities and institutes offered their insights at a forum themed "Major-country diplomacy with Chinese characteristics in new era," organized by Shanxi University and China Foreign Affairs University on Monday.
Source: Global Times | 2018/5/10 20:13:40

China must keep momentum in energy revolution

In April 2018, the Central Committee of the Communist Party of China (CPC) and the State Council declared that a free trade zone would be established in Hainan by 2020, with a free trade port to follow by 2025.
Source: Global Times | 2018/5/7 21:38:39

New round of financial opening can be second WTO entry

In his keynote speech at the Boao Forum for Asia (BFA) earlier this month, President Xi Jinping announced that China will launch landmark measures this year to significantly broaden access to its markets.
Source: Global Times | 2018/4/23 23:03:39

Chinese society learning to accept LGBT community

China's social media may draw lessons from this case. While managing in accordance with the law, they'd better supply a forum for discussing these kinds of social issues that expand the boundaries of society's knowledge and awareness. We're confident that China will be more open in this regard.
Source: Global Times | 2018/4/16 23:33:39

2018 Boao Forum sets general tone for China's economic approach

Beijing is looking toward the future continuing, improving and enhancing the policy of reform and opening-up. Xi's address in Hainan was structured around those pillars, sent vibrant messages to recipients and was complemented by specific measures as announced by his colleagues.
Source: Global Times | 2018/4/12 20:03:40

Opening-up China's future growth path

The community with shared future for mankind is a goal of China to lead the world forward into the future. The Belt and Road initiative is one of the paths toward it. The world has never seen a major power emerging with a peaceful and cooperative manner. Some people say that China is only pretending to rise peacefully. After Beijing's new measures were announced at Tuesday's forum, the world should have gained a better understanding of China.
Source: Global Times | 2018/4/10 23:23:40

Opening-up key for global economic growth

Given that China accounts for over half of Asia's total economic output and about 15 percent of global economic output, the nation's further opening-up will inevitably play a crucial role in promoting the development of Asia and the world.
Source: Global Times | 2018/4/8 20:58:40