On October 13, an important event took place – the value of all public companies in China reached a historic high. The capitalization of the Chinese stock market for the first time since 2015 climbed to $10.08 trillion. The previous record of 10.05 trillion U.S. dollars was set in June 2015, followed by a collapse in the Chinese stock market. After the market spent five years recouping these losses, China's GDP has increased by more than 80 percent.
The US' blacklisting of several Chinese entities over their alleged business with Iran's biggest shipping company, Islamic Republic of Iran Shipping Lines (IRISL), is an example of long-arm jurisdiction over other countries' normal economic relations with Iran, and a bullying practice that places US domestic laws before international laws, industry observers said.
Recently, I went back to Lanzhou, capital of Northwest China's Gansu Province, where I studied years ago as a graduate, to give lectures, and I found the city to be breathtakingly beautiful. It is located at the center of China's geographical map with the Yellow River passing through it. One day, I looked far along the north bank of the Yellow River, and the scenery was no less than Budapest on the Danube.
Amb. He Yafei and Dr. Michael Swaine on the U.S.-China balance in Asia
The balance of power has been shifting all the time, especially between the major powers. And it has been obvious that it picked up speed in the past 20 years, especially in the last 20 years. Broadly speaking, what we've called “the great convergence” has been the historical hallmark of the second part of the last century and also the first two decades of this century.
Main Points: （1）The background and significance of“14th Five Year” Plan. （2）The definition and phenomenon of “Middle-Income Trap”. （3）Why the country cannot escape from the“Middle-Income Trap”. （4）The new world map provides a brand-new world view for the whole society.