When promoting OBOR, China should fully consider risk returns, and try to maximize returns while minimizing risk.
Over the years, China has both promoted a strategic economy and strategic military. But this may eventually run the risk of creating strategic overdraft.
Will there be a strategic overdraft in China? To some extent, there could be. But it’s under control for the moment. Overdraft means using wealth or strength beyond one’s capacity to sustain. Even if Beijing is putting an increasing amount of effort into a wide range of fields, nothing has happened yet which it hasn’t been able to manage.
Non-governmental financial institutions are helping Chinese enterprises get away from the position of being a "lone-wolf" fighting in the international market, said Jin Kun, chairman of the China Ocean Strategic Industry Investment Fund (COSIIF).
China's "Belt and Road" (R&D) initiative requires greater involvement of non-governmental entities, said Li Yu, president of International Ocean Forum.
India welcomes China's investment in infrastructure, said Upmanyu Misra, founding partner and head of corporate advisory of Elyseum Capital Partners.
The most urgent task for the country is to make the rich earnestly fulfill their obligation to pay taxes. Middle-income earners in many cities lack the confidence to increase their income in the years to come. Those who are under pressure of buying or moving in mega-cities feel it’s even harder to make a living. The Chinese government should fully understand their situation, eliminate their unnecessary concerns and try to strive for their support of the new policies.
Duterte’s diplomatic re-calibration has become quite clear.
China's National Civil Service Examination
The CPV stressed Vietnam’s global integration. During the fourth plenum, all in all the party has provided guidelines for the country’s future direction, pointed out the necessity to enhance party members’ political ideology and morality and kept vigilant of challenges in the country’s integration process.
All in all, despite conflicts between Manila and Washington, their alliance will not be destroyed. If a solution to the South China Sea issue cannot be found soon, it will be wise for China to manage its differences with the Philippines and avoid letting the issue be manipulated by anti-China forces in the Philippines.
What I argue near the end of the book is we are going to have to start thinking about not just power over others, but power with others.
Why was Marcello Lippi, a World Cup-winning coach, surprisingly named as the new head coach of China’s national soccer team? Will Lippi save China’s dying World Cup hopes? What are Chinese people’s reactions toward his appointment? The Global Times has collected three pieces that discuss the issue.
Duterte embarks on his vist to Japan Tuesday.