President Xi praised several community-level governance units for applying “Fengqiao model.” The model was first advocated in Mao’s era, which encouraged the mass to take the initiative in local governance. It is now seen as a gesture to delegate power to grassroots government.
China has contributed solutions to addressing regional hotspot issues. Despite the scars of two-decade war brought by the US, as well as non-traditional security threats like terrorism and natural disasters, China remains committed to Afghanistan’s reconstruction and development.
Whatever change in the international landscape, China attaches great importance to neighborhood diplomacy, and always prioritizes the neighborhood on its diplomatic agenda.
In the first National Day holiday after China optimized its COVID-19 response measures, Chinese people made 826 million domestic tourist trips, an increase of 71.3 percent from last year and a rise of 4.1 percent from 2019.
The 10th China-EU High-level Economic and Trade Dialogue was held in Beijing on Monday. "EU companies want to be part of China's success story, which is why it's important we devoted time to discuss the business environment," said EU Trade Commissioner Valdis Dombrovskis.
China released its 2024 public holiday schedule. Chinese New Year’s Eve is not included in the official holiday calendar, although employers are encouraged to arrange paid leave that day. The move, like not having a leave on Christmas Eve in the West, has sparked a heated debate.
China has been ASEAN’s largest trading partner for 14 consecutive years, and ASEAN became China's top trading partner in 2020, surpassing the European Union.
In 2022, the trade volume between China and ASEAN reached US$975.3 billion, up 11.2 percent year-on-year and surging by 120 percent from the level seen in 2013.
After a 7-month investigation, the grandfather of the netizen Arctic Catfish was expelled from the Party for corruption and disloyalty. Arctic Catfish once bluntly flaunted a 9-digit family income and compared the domestic people to leeks, which caused widespread public outrage.
In 2022, Foreign Direct Investment (FDI) flows from China to ASEAN amounted to US$15.3 billion in 2022 and equivalent to 6.9 per cent of total FDI flows to ASEAN.
Top China beauty influencer Li Jiaqi mocked netizens for not working hard enough to afford a ¥79 eyebrow pencil, then lost millions of followers. The public begin to doubt whether the livestreaming industry has pushed up product prices de facto while claiming to bring discounts.
Chinese film "No More Bets" surpassed RMB 2 billion (US$ 274 million) in box office sales on its 8th day of release. The film’s heat reflects growing public concerns about overseas telecom fraud. Will the criminal gangs call it quits after coming to the spotlight?
How did Beijing took Taiwan by force the last time? This is an original article to review the Taiwan question 300 years ago that ended in military showdown.
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China is releasing a white paper titled "The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future", marking BRI's 10th anniversary.
For ongoing press conference:
Achieving modernization for more than 1.4 billion people, a number larger than the combined population of all developed countries in the world today, will be a major feat with far-reaching significance in human history.
Recent figures show China's manufacturers supplying nearly 60% of the world’s total installed wind turbines in 2022. China’s wind power installed capacity ranked top for 13 years in a row.
For the first time, Xi Jinping Thought on Culture has been formally put forward at a national meeting held last weekend. The two-day meeting focused on the work of public communication and culture.
Elon Musk backed British PM Rishi Sunak's decision to invite China to the Artificial Intelligence (AI) Safety Summit 2023. "Having them here I think was essential, really. If they're not participants, it's pointless," he said.
China will cultivate the emerging industries and future-oriented industries such as hydrogen power, new materials, biomanufacturing, commercial spaceflight, quantum technology and life sciences.
With the popularization of higher education, the number of college graduates is growing year by year. The great employment pressure calls for more measures.
45 years ago, the Third Plenary Session of the 11th Central Committee of the CPC announced that China is shifting its focus to economic development and adopting the policy of reform and opening-up. Since then, the pace of reform and opening up has never stopped.
China’s CPI stayed flat YoY in June, while PPI dropped 5.4% YoY, entailing more monetary and fiscal policies to bolster domestic demand. Is China supposed to switch stimulus from investment to consumption?
The 15th
#BRICS
Summit will be held in South Africa's
#Johannesburg
on Aug. 22-24. Some 40 nations have shown interest in joining and their accession will be high on the agenda for this summit. It indicates that BRICS plus is drawing more strength from the developing world.
China just released a white paper on "a global community of shared future", in a bid to mark the idea's 10th anniversary.
To read it between the lines, follow this 🧵:
China and Vietnam advocate “true multilateralism” by firmly supporting ASEAN centrality. It is aimed at countering Washington's move to propagate minilaterals under the idea of Indo-Pacific.
Over the past years, China has shortened negative lists for market access. More measures will be in place to make China a favored destination for foreign investment.
20 million NEVs were produced by Chinese carmakers. China is now leading the world’s electric vehicle industry, with 6 out of 10 top sellers are Chinese brands. Last year, China accounted for almost 60 per cent of global EV sales.
Since joining the WTO in 2001, China has been one of the organization’s most active members and its economy has become an integral link in global supply chains. China has grown by embracing the world, and the world has also benefited from China’s opening-up.
China will address both the symptoms and root causes to defuse risks in real estate, local government debt, and small and medium-sized financial institutions to safeguard overall economic and financial stability.
Digest of China's annual Central Economic Work Conference in a thread:
1: China reiterates the economic work as "central task," in line with the rhetorics since reform and opening up. And high-quality development is deemed as "primary task"
The internationalization of RMB is not necessarily a zero-sum game for Washington. High demand for US dollars drives up its exchange rate, and has therefore led to curtailed American exports, job losses. The ascent of RMB in global market helps ameliorate the situation.
In response to gloomy forecasts for China’s economy and suspects that foreign capital is fleeing China, Chinese President Xi Jinping pointed out that China has become a synonym of the best investment destination, and that the "next China" is still China.
A story-telling contest on BRI was held at Beijing Foreign Studies University as 2023 marked the 10th anniversary of the initiative. The contestants, mostly language-learning students, shared their thinking and enthusiasm about China's contact with the wider world.
China passed its first foreign relations law. Engraving into laws the policies ranging from opening-up, BRI and climate change, this law provides a guidebook for Chinese government in dealing with diplomatic affairs, enshrining China’s foreign policies into hard laws.
China launches its fastest cross-sea high-speed railway in Fujian Province, connecting the cities of Fuzhou and Xiamen along the west coast of the Taiwan Strait.
More background info in 🧵:
China just announced that Australian PM Anthony Albanese will pay an official visit to China from November 4 to 7 and attend the 6th China International Import Expo (CIIE). It has been 7 years since the last official visit by an Australian PM.
China imposed export controls on critical metals gallium and germanium which are indispensable materials for semiconductors and electronics. Given China accounted for 94% and 67% global production of gallium and germanium respectively, this move meant to protect national security
US Senate Leader Schumer wants to sanction China over fentanyl. Indulging a vast domestic market for drug abuse, Washington has the audacity to point fingers at China, which has the strictest anti-drug rules. When will US gov’t learn Truman’s motto: “The buck stops here”
Xi Jinping’s state visit to Serbia is heavy on symbolism as it coincides with 25th anniversary of NATO’s bombing of China’s embassy in Belgrade, which killed three Chinese journalists, including one from Xinhua.
Germany approved its very first national strategy on China in history. This means Germany officially establishes its largest trading partner as a problem to be dealt with. We are looking at an unsettling trend that ideology starts to drive diplomacy in more European nations.
Head of China's official news agency Xinhua on human rights: "Respect for and protection of human rights is a basic principle of modern civilization, and the unwavering goal of the CPC."
11 yrs ago, the then Chinese Vice President Xi Jinping told The Washington Post "the vast Pacific Ocean has ample space for China and US." It takes a decade for US to realize “the world is big enough for both of our countries to thrive”, as Yellen said on her trip to Beijing
Chinese Premier Li Qiang attended the ninth Trilateral Summit Meeting among China, Japan and South Korea in Seoul, which resumed 4 years after it was last held in 2019. This year marks the 25th anniversary of the trilateral cooperation mechanism between the three neighbors.
Today Tesla officially broke ground on a mega battery plant in Shanghai. The move underscores
@elonmusk
commitment to investing in the world's second-largest economy despite the political rhetoric of “decoupling” or “de-risking” by politicians.