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| 1 | Evolution of Financial Risks in Emerging Markets under the Background of an Interest Rate Hike in the US显示文摘In 2018,advanced economies saw continuous recovery and a tightening of monetary policy;however,emerging markets were in for a more challenging year.Since April 2018,financial turmoil in emerging markets has been exacerbated by a faster-than-expected increase in the USD index,a surge for 10-year U.S.treasury yields.A financial crisis broke out first in Argentina,followed by emerging economies like Turkey,Brazil,and Indonesia,substantially exacerbating their financial fragility.What is the commonality between the current round of financial turmoil in emerging markets and historically financial crisis? | CHEN Weidong ZHONG Hong WANG Youxin ZHAO Xueqing | 2019 | China Economic Transition2019,2,1: | 1 |
| 2 | International Experience and Implications of Cross-Border Capital Flow Management显示文摘Since the global economic crisis in 2008,the world’s major economies have experienced a rapid reversal in cross-border capital flow trends,as well as considerable huge changes in related management methods.At the outset of the crisis,developed countries of Europe and North America attracted less capital inflow from other countries,while capital flooded into emerging markets.Many Asian and Latin American countries took measures to curb capital inflow,for fear that excess capital inflow would put upward pressure on their domestic currency’s exchange rate-something that would,in turn,lead to increases in credit expansion and asset prices.Since 2014,on account of the U.S.economic recovery and an ever-stronger U.S.dollar,several emerging markets have sustained slowed growth and net capital outflows. | CHEN Jiali | 2019 | China Economic Transition2019,2,1: | 1 |
| 3 | Digital Trade as the New Engine for Foreign Trade显示文摘With the continuous integration of digital technologies and international trade,and the accelerated development of the digital economy,there are increasing concerns in countries all over the world regarding the development status,trend,and construction of the relevant rules of digital trade.Digital trade is a new trade format that has digital technology as its means,digital services as its core,digital platforms as its carrier,and digital delivery as its characteristics.It primarily includes information technology services,digital content services,offshore services outsourcing,covers information and communication technology,finance and insurance,intellectual property rights. | WANG Xiaohong | 2021 | China Economic Transition2021,4,4: | 1 |
| 4 | Building a New Development Paradigm with Domestic and International Circulations Reinforcing Each Other显示文摘On May 23,2020,Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,emphasized that in the future,it will be necessary to take the satisfaction of domestic demand as the starting point and standpoint for the development and accelerated construction of a complete domestic demand system. | ZHANG Zhanbin | 2021 | China Economic Transition2021,4,1: | 1 |
| 5 | Getting to the Bottom of Escalating China-US Trade Frictions and Proper Counter-Measures显示文摘It is important to understand that China is in an asymmetrical position in coping with the trade frictions.Although China can impose retaliatory tariffs on some U.S.mass products,it is imperative for China,as a major exporting country,to safeguard the multilateral free trade rules of WTO and push the US back to the negotiating table.China should see it as an escalation of trade frictions instead of plunging into a“trade war,”because it is in the common interest of both sides to restart negotiation and cooperation. | SHEN Guobing | 2018 | China Economic Transition2018,1,2: | 1 |
| 6 | Further Opening Up China’s Financial Industry显示文摘Shanghai and the adjacent Yangtze River Delta,as one of the most economically vibrant,open and innovative regions in China,plays a critical role in the country’s modernization drive.Shanghai’s development as an international financial center and the integrated growth of the Yangtze River Delta has been included in the country’s development strategy and is being promoted in line with the decisions of the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China(CPC)in 2019,as part of the endeavor to improve the national governance system and governance capabilities in the financial sector. | CHEN Yulu | 2020 | China Economic Transition2020,3,4: | 0 |
| 7 | Foothold and Focus for China’s Financial Opening Up显示文摘Finance is the lifeline of the real economy.Currently,the Chinese economy is shifting to high-quality development and needs to be underpinned by a modern financial system with greater openness on all fronts.China is accelerating the opening up of its financial market Since 2018,China has sped up openness on financial market and announced over 40 policies aimed at opening up the financial sector involving banking,insurance,securities,and debt market. | LI Jianjun | 2020 | China Economic Transition2020,3,4: | 0 |
| 8 | New Normal for RMB Internationalization显示文摘In the past decade,the RMB internationalization has made great achievements.The RMB joined the International Monetary Fund(IMF)’s Special Drawing Rights(SDR)basket as an international reserve currency along with the U.S.dollar,the euro,the Japanese yen and the British pound.In the global payment system,the share of the RMB in payments rose from 35th in the year 2000 to sixth in October 2019. | GAO Haihong | 2020 | China Economic Transition2020,3,4: | 0 |
| 9 | New Opportunity for RMB Internationalization in the Post-COVID-19 Period显示文摘Progress of RMB internationalization In the aftermath of the 2008 global financial crisis,the Chinese government has begun vigorously to internationalize the RMB.In the past 11 years,these endeavors have yielded considerable progress,yet have experienced the periodic change from rapid development to stagnation.Such perspectives as cross-border RMB settlement,offshore market development,and bilateral currency swaps offer better insights into the current progress of RMB internationalization. | ZHANG Ming CHEN Qian | 2020 | China Economic Transition2020,3,4: | 0 |
| 10 | Taking the Significant Advantages of the Basic Economic System to Advance the Modernization of China’s System and Capacity for Governance显示文摘The“Decision of the Communist Party of China Central Committee on Major Issues Concerning How to Uphold and Improve the System of Socialism with Chinese Characteristics and Advance the Modernization of China’s System and Capacity for Governance”(hereinafter referred to as the“Decision”),which was reviewed and adopted at the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China(CPC)in 2019,comprehensively answered“what to uphold and consolidate,and what to improve and develop,”an important political issue concerning the state system and governance. | LIU Fengyi | 2020 | China Economic Transition2020,3,4: | 0 |
| 11 | Major Issues in the Reform and Development of China’s Capital Market显示文摘China’s capital market has assumed significant responsibility for supply-side structural reform and economic transformation and upgrading.It is important to construct a standard,transparent,open,dynamic and resilient capital market,improve the fundamental systems for the capital market,supervise both the market entry and exit in a rigorous manner,and strengthen the whole-process regulation of transactions. | GOU Wenjun | 2020 | China Economic Transition2020,3,4: | 0 |
| 12 | The Effects Analysis of China’s Tax and Fee Reduction Policies显示文摘Since 2018,China has continued to further the implementation of tax and fee reduction policies.Through the coordination of fiscal,taxation and other policies,China has achieved the policy goals of maintaining stable growth and adjusting economic structure.Judging from the policy effects,China’s tax and fee cuts have played a positive role in lightening the tax burden,stimulating consumption,encouraging investment,and optimizing industrial structure,while exerting some influence on China’s fiscal balance as well as revenue and expenditure structure changes. | DONG Huajie | 2020 | China Economic Transition2020,3,4: | 0 |
| 13 | Improving the Fiscal Relationship between the Central and Local Governments to Tap Their Initiative显示文摘The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China(CPC)adopted the Decision on Major Issues Concerning Upholding and Improving the System of Socialism with Chinese Characteristics and Advancing the Modernization of China’s System and Capacity for Governance(hereinafter referred to as the“Decision”).According to the Decision,the institutions and mechanisms that mobilize central and local authorities should be further optimized. | LU Wei | 2020 | China Economic Transition2020,3,4: | 0 |
| 14 | Development Trends and Advancement Paths of Digital Agriculture显示文摘Digital agriculture represents the leading edge of agricultural modernization and its adoption is an integral process in China’s transition from a major agricultural producer to an agricultural powerhouse.China has seen significant achievements in the development of digital agriculture over the past few years,yet there still remain many issues that need to be urgently addressed. | WANG Xiaobing ZHONG Yongling LI Xiang KANG Chunpeng DONG Chunyan LIANG Dong MA Ye | 2020 | China Economic Transition2020,3,4: | 0 |
| 15 | Forging a Close Connection between Poverty Alleviation and Rural Revitalization显示文摘The Central Committee of the Communist Party of China(CPC)made a“solemn promise”to Chinese people to win the fight against poverty and achieve the goal of poverty alleviation.This promise must be fulfilled on time.It also underpins the implementation of the rural revitalization strategy.Xi Jinping,General Secretary of the CPC Central Committee,commented on this goal at a symposium on securing a decisive victory in poverty alleviation. | WEI Houkai | 2020 | China Economic Transition2020,3,4: | 0 |
| 16 | Major Trends,Challenges and Countermeasures for Digital Transformation of Traditional Industries显示文摘At present,the digital wave is in its ascendancy.Next-generation digital technologies represented by Big Data,cloud computing,and artificial intelligence(AI)are constantly changing,giving birth to a new development form of digital economy.Over the years,a fully developed consumer Internet has provided important opportunities for digital technology innovation,growth of digital firms,and vigorous development of the digital industry in China. | LU Tie | 2020 | China Economic Transition2020,3,4: | 0 |
| 17 | Promoting Poverty Alleviation with Greater Resolve and More Efforts显示文摘On March 6,2020,General Secretary Xi Jinping delivered an important address to the Symposium on Securing A Decisive Victory in Poverty Alleviation.He fully recognized the progress that China has made in eradicating poverty,and conducted an in-depth analysis of the status quo in the tough battle against poverty.Beyond that,he set forth key tasks and measures for coordinating containment of the COVID-19 pandemic while alleviating poverty. | ZHANG Wenguang | 2020 | China Economic Transition2020,3,4: | 0 |
| 18 | Strategies for Developing the Beijing-Tianjin-Hebei Region to Achieve Complementary Advantages and High-Quality Development显示文摘During his inspection tour in Beijing in February 2014,Chinese President Xi Jinping emphasized on more efforts to achieve greater progress in the coordinated development of the Beijing-Tianjin-Hebei region(hereinafter referred to as“the Region”).Six years have passed,and the Region has focused on relieving Beijing of functions that are not essential to its role as the China’s capital,developing a top-level design,and innovating a coordinated development mechanism. | XING Hua | 2020 | China Economic Transition2020,3,4: | 0 |
| 19 | China-EU Investment and Financing Cooperation under the Belt and Road Initiative显示文摘The European Union(EU)is one of China’s largest trading partners.With the launch of the Belt and Road Initiative(BRI)in 2013,the sound economic and trade relations between China and the EU have grown stronger,laying the foundation for bilateral investment and financing cooperation.Yet,against the backdrop of a slowing global economic growth and increasing trade protectionism,this bilateral cooperation faces many new challenges.In the future,both sides will need to fortify their coordination to pool more consensus and achieve more results. | TANG Liu | 2020 | China Economic Transition2020,3,4: | 0 |
| 20 | New Infrastructure Carries New Implication显示文摘In a meeting convened in early March 2020,the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China(CPC)argued strongly that the construction of new infrastructure,such as 5G networks and data centers,should be accelerated.During his inspection tour in Zhejiang on April 1,2020,General Secretary Xi Jinping emphasized that it is imperative to accelerate the construction of new infrastructure,such as 5G networks and data centers. | YANG Hutao | 2020 | China Economic Transition2020,3,4: | 0 |