ology in 5G networks, close allies might be less inclined to work with it in the future, the RUSI report warned.
The corridor includes a network of highways, railways and
infrastructure and Gwadar is an important part of it. Pakistan has been trying to get the assistance needed for development and di
versify sources of investment from many countries such as Saudi Arabia and Qatar. Gwadar is not an exclusive platform.
The China-funded CPEC helps build the infrastructure at the port, and the improved condition
will attract more investment which then in turn boosts the development of Gwadar and the whole of Pa
kistan. Inclusiveness and multilateral cooperation are exactly the ideas that the BRI champions.
Admittedly, geostrategic competition is prevailing in the region. If added with the different inter
t demands of Afghanistan and Iran and the historical enmity between India and Pakistan, the region can be one of the most volatile plac
es in the world. Joint development is the only path that could lead the region into long-term peace and stability. This is also the broader objective of the BRI.
China hopes that all the investment coming into the region can be connected so as to be best utilized. Regional countri
es should enhance cooperation via coordination. Meanwhile, all should hold an open attitude toward investment from outside the region.
As each regional power vies for a foothold and seeks its development, both competition and cooperation feature in this process. All
the countries face the question of how to turn strategic hedging into benign competition. The BRI provides the answer.
ibetan teacher awarded for efforts to bring knowledge tor
In September 2015, Alibaba Group founder Jack Ma Yun started a program to sponsor rural teac
hers. His Jack Ma Foundation then launched a Rural Teacher Award to honor the 100 top tea
chers around China each year and offer each of them 100,000 yuan ($15,000) and professional training for three years.
In order to attend the ceremony in Hainan on January 13, Thubten Gyatso had to leave Moding vill
age on January 10, ride a mule to Xulong county, and walk for two hours to Simaoding in Yu
nnan Province. From there, he took a bus to Shangri-La county and flew to Sanya, a tourist city of Hainan.
“Without Jack Ma’s campaign, I wouldn’t have had the chance to go to Sanya. I wanted to see what the sea a
nd big city are like,” Thubten Gyatso said.Born in 1986, Thubten Gyatso has worked in Moding village school for eight years. His onl
y colleague is Tashi Chophel, who was also Thubten Gyatso’s teacher when he was a student at the school.
When Thubten Gyatso was a child, he severely injured his right leg while walking in the mountainous roads and ended
up having to use an artificial limb. After graduating from middle school, he was forced to end his education.
“I was heartbroken, but there was no way for me to continue my studies. When I had time, I learn
ed the Tibetan language by myself,” Thubten Gyatso said in a video interview released on iqiyi.com.
The disability also meant Thubten Gyatso could not do any physical work. His teacher Tash
i Chophel suggested he work at the school to earn some money, and more importantly, to teach the children.
The Modi administration has undertaken significant steps
India’s tax system, upgrade its bankruptcy laws and relax restrictions on foreign investment. The country witnessed a 23-place jump to a record 77th p
osition in the World Bank’s latest report on the ease of doing business, which covered 190 countries and regions. Fa
cts have proved that India’s economic reforms are conducive to improving the business climate for foreign investment.
Modi has launched a range of reform initiatives, and now the Modi administration must t
ell local authorities to fully implement these policies to ensure that the country’s economic re
form will go forward ahead of the general election. Effective implementation of current policies is mo
re important than launching new initiatives, and this effort will lay the groundwork for a better business climate.
India’s labor cost advantage has led some Chinese manufacturers to look closely at setting up assembly lines
in the country. Achieving a better understanding of India’s changing business climate will he
lp achieve win-win results and joint development of the two emerging economies.
China and India must enhance strategic communication and mutual trust to move their ec
onomic ties forward. Currently, the most urgent task is to prevent the suic
ide attack in the Pulwama district from affecting economic relations and India’s inbound investment.
The UK National Cyber Security Centre has concluded tha
ways to limit the risks from using Huawei in future 5G ultra-fast networks,” according to tw
o people familiar with the matter which has not been made public, The Financial Times reported.
The article comments that the conclusion is “a serious blow to US efforts to persuade
allies to ban the Chinese supplier from high-speed telecommunications systems.”
As a member of the Five Eyes (the anglophone intelligence alliance comprising Austral
ia, Canada, New Zealand, the UK and the US), London may indeed have given a reason for other E
uropean countries to continue using Huawei based on the above conclusion.
Not a single country or organization has found any evidence so far demonstrating that Huawei has illegally collected its device users’ i
nformation. All accusations against Huawei of gathering intelligence for the Chinese government are only ba
sed on imagination. London’s conclusion provides a reliable basis for third parties to dispel such fears.
ntal programs and inaugurated several large-scale infrast
projects, including highway, railway, airport and power stations. However, in the face of local protests, the effectiveness of Modi’s economic package, delivered just a few months before the
election, seemed very suspicious. Interestingly, because of the tremendous opposition against the Bill and the frustrating situation on the g
round, BJP’s top local politician who was defending the bill changed his tune almost as soon as Modi left.
Clearly, Modi’s twin election trick, which comprised both nationalistic and developmental ele
ments, was clearly at work during his visit to disputed South Tibet. However, sacrificing the pa
instakingly earned mutual trust and progress in Sino-Indian relations for the sake of ephemeral political benefits seems unwise.
Even though India and China have so far held 21 rounds of talks to resolve the border dispute, and Modi and President Xi have met at least four times in 2018 to bring b
ilateral ties back on a stable footing, the border issue remains the single-most sensitive topic between the two countries. While
the dispute between China and India remains too large to be resolved altogether, both sides would better carefully manage it.
Globalization needs to be upgraded to serve the interes
In recent years, a rising number of people have realized “the world is undergoing profound changes unseen in a century.” It was more pronounced in 20
18. Some phenomena that people are familiar with are changing direction. The head winds globalization is facing is one example.
Implied meanings of certain words describing key concepts are going the opposite way. For exam
ple, public opinion in some countries is moving against globalization and globalism. Why does this happen?
In the UN General Assembly in September 2018, almost the whole world heard US President Donald Trump’s comp
laint on globalism, which was hard to imagine previously. Terms like “globalism,” “global governance”, which wer
e popular in Western politics, are not hot any more in their birthplace. Is this a time to abandon globalism?
It is expected that “globalization,” “globalism” and “global governance” will see a winter prior to their revival. Not lo
ng ago, World Bank President Jim Yong-kim abruptly resigned, three years before the end of his term. The reason w
as said to be Trump’s dislike for the World Bank and his belief that the international lender is
Second, out of expectations of politicians from powerful
countries, who claim their nations represent public interest, globalism is becoming a tool in the fight between capitalist forces an
d national will. As a result, state power is eroded by capital, leading to alienation and political strains in some countries.
It is believed that some countries cannot bear the negative effects of globalization. The main reason for t
his is that capital is equipped with increasingly powerful characteristics that weaken nations’ capa
bility to control their capital and eliminates sovereign states’ ability to embody the will of the people.
The hit on state power by capital not only leads to financial chaos, triggering financial and economic crise
s, but can also generate social and political woes. Western countries’ easing financial regulations resulted in the 2008 financial c
risis. In recent years, developed countries are experiencing increasing economic and political challenges, which a
ctually are extensions of the 2008 financial crisis. Some of them are yet to be addressed.
Economic liberalization faces challenges in the developed and developing world.
ow to sustain positive economic development inlimited to
The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the lo
ng run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission
The current IPO system has led to highly consistent investor expectation in the secondary market as they mindlessly buy into
roaring stocks, aggravating price distortions and resulting in low long-term returns on newly listed shares.
Reform to secondary market prices will create a good groundwork for IPO price reform in the future.
Liu Shijin, vice president of the China Development Research Foundation
If we compare [China’s] high-speed growth of the past three decades to eating fatty meat, after we e
ntered a phase of medium-speed growth, transitioning to high-quality development, which will be t
he hard part, is like nibbling on hard bones. There are five sources of growth momentum during the high-quality d
evelopment stage. First, the improvement in low-efficiency growth sources. Second, the income growth of low-in
come groups and the upgrade in human capital. Third, the upgrade to the consumption and industrial structures. Fourth, cuttin
g-edge innovation. Fifth, green development, which is not limited to pollution control and environmental protection.
As the West steps up its criticism of Myanmar over the Roh
and Rakhine issues, the country’s relations with the West have deteriorated. China is one of the few powers Myanmar can rely on. There is vast cooperation po
