The Silk Road Economic Belt and the 21st Century Maritime Silk Road, commonly known as the Belt and Road Initiative, is a grand vision for China's engagement with roughly 70 countries that are home to two-thirds of the world's population. The Belt and Road Initiative, launched in 2013, has taken on a central role in China's foreign and trade policies and has had a positive impact on developing countries, including those in the Middle East.
China launched reform and opening-up in 1978, and established diplomatic relations with the United States one year later. Since then economic and trade ties between the two sides have deepened and facilitated China's remarkable economic growth. But the US has been the largest overseas beneficiary of China's growth bonus.
The recently released National Bureau of Statistics data for the first half of the year show the unemployment rate in urban areas has stayed at a relatively low level, between 4.8 percent and 5 percent. The newly released surveyed unemployment rate since April can better reflect the true situation of the labor market than the previous registered unemployment rate.
With the 10th BRICS summit in Johannesburg wrapping up with some bold decisions and the Forum on China-Africa Cooperation scheduled for September in Beijing, it is an opportune moment to reflect on the developmental trajectories of African countries and China and to assess the prospects technology and new innovations hold for the kind of economic transformation Africa is looking to achieve.
ACCORDING TO LIAONING DAILY, the province's people's congress is setting up an investigation committee to examine the government expenditure budget structure and government debt. Beijing News comments:
The US treasury secretary insisted on Sunday that agricultural issues were discussed in the talks between President Donald Trump and European Commission President Jean-Claude Juncker. It is a claim that contradicts the EU Commission president's account of the negotiations.
Huge crowds, long waits to get through security checks, and great difficulty getting a taxi, along with the rampant operation of unlicensed ones - these are what passengers have complained about most after suffering unpleasant experiences at Beijing South Railway Station.
SHUIDICHOU.COM, an online charity platform raising funds to assist poverty-stricken sick people, was recently found to have appealed for donations to provide medical help for a sick girl, who actually comes from a well-off family. Guangming Daily comments:
WANG XINYI, an 18-year-old woman who has been enrolled by Peking University, one of China's top universities, after doing well in the national college entrance exam said in a recent article: "Thank you poverty." Beijing News comments:
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