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Malaysia, Asean to benefit most from China's new economic strategies


Momentous meeting: China’s top political advisory body wrapped up its annual session recently.
Xinhua
CHINA’s most important meetings of the year – “Two Sessions” – have unveiled Beijing’s medium- and long-term economic goals and strategies that experts believe will not only boost China’s quality development and modernisation but will also benefit the world, in particular Asean.
As Malaysia is part of the 10-nation Asean, China’s biggest trading partner, it will gain from Beijing’s strategies as long as Putrajaya continues to embrace foreign policies deemed as friendly – or at least non-toxic – towards Beijing.
The “Two Sessions” or Lianghui refers to the annual meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC). ....

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Projection on China's high-income country status draws attention to quality of development, deepening reforms


Projection on China s high-income country status draws attention to quality of development, deepening reforms
Chu Daye Published: Mar 10, 2021 09:58 PM
He Yunxiao airs handmade noodles at Longmen Village, Majian Township, Zhuji City of east China s Zhejiang Province, Jan. 29, 2021. There are more than a dozen steps in the traditional process of handmade noodles in Majian. These noodles, well noted for their length, symbolize longevity in the Chinese culture. Longmen Village alone turns out about 1,000 kilograms of handmade noodles a day, and brings in an annual income of some 2 million yuan (310,000 U.S. dollars). (Xinhua/Han Chuanhao)
A projection by a prominent Chinese economist that China can achieve high-income country status by 2025 has drawn attention to high-quality development, reform and avoiding the dreaded middle-income trap, with Chinese economists emphasizing the necessity of deepening reforms. ....

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Biden admin suppresses China amid its claimed 'fiercely competitive' relations; shrinking economic gap unnerves Washington


Biden admin suppresses China amid its claimed fiercely competitive relations; shrinking economic gap unnerves Washington
Li Xuanmin and Chi Jingyi Published: Feb 24, 2021 08:05 PM
People look at a bionic robot at an exhibition during the 2017 national mass innovation and entrepreneurship week in Beijing, capital of China, Sept. 15, 2017. More than 300 items and projects on artificial intelligence, biotechnology, new material, energy conservation, environmental protection, intelligent robot and Internet plus were displayed at the exhibition.(Photo: Xinhua)
 
The recent moves by the Joe Biden administration to curb China s economic and tech rise mirrors a mentality collapse among US political elites, who - having identified relations with China as one of fierce competition - are now sparing no efforts in the final China push to consolidate its edge as an early starter in the world economy.  ....

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