President Barack Obama early this year signed into law the United States' National Defense Authorization Act for Fiscal Year 2013, which the Senate and House of Representatives passed in December. The act includes two sections that involve China's core interests, namely one asking the US president to "take steps to address Taiwan's shortfall in fighter aircraft through the sale of F-16 C/D aircraft" and the one stating that "the US reaffirms its commitment" to the US-Japan Treaty of Mutual Cooperation and Security with regards to the Diaoyu Islands dispute. This is an alarming move. The US legislators think they are safeguarding the US' national interests but they are actually harming them.
If you ever drive a car in Shanghai, you will very quickly learn a new way to interpret a yellow traffic light.
The vow of authorities to utilize land resources in a rational manner as they push forward urbanization, a process that has often been accompanied by land disputes, is a show of respect for the people-oriented approach to development.
The Ministry of Civil Affairs' promise to revise the rules to make it easier for individuals to adopt orphans or abandoned children is welcome. However, that such a promise is the result of the death of seven orphans in a fire at their impoverished foster mother's home shows how necessary it is to match words with deeds.
The growth rate of emerging Asian economies is expected to increase in 2013. But inflation and gloomy external conditions still pose a challenge for the macroeconomic policies of many of these economies. In the medium term, their growth rate will be higher than other regions but lower than it was before the global financial crisis. This squarely puts the focus on economic reform and restructuring.
There has been meaningful progress in India-China relations recently and this year has begun on a positive note. This is significant given the leadership change in China.
China has been facing obstacles in various aspects of reform. If the 7 to 8 percent annual growth rate is not maintained, many social problems will come to the fore, the most challenging of which is unemployment. Only by "making the cake bigger" will economic restructuring be achieved and these problems solved. So the question is: How to restructure the economy to make the cake bigger?
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