China has justified security and environmental reasons for tightening control over rare earth exports.
The growth rate of China's consumer price index (CPI) was 4.4 percent year-on-year in October, a 25-month high. The rate is up 0.8 percentage points from September. This is an alarming statistic for a country that for the past three decades has had steady economic growth. Inflation risks do matter for China.
The G20 summit will be held in Seoul in the Republic of Korea from Nov 11 to 12, attracting international attention as a platform for countries to play national interest games instead of addressing the current real hot topics.
If America, the biggest reserve currency issuer, does not stop pumping liquidity into the world economy, the world will be inevitably be dragged into an enormous disaster.
The 12th Five-Year Plan, the country's key economic plan for the next five years' development from 2011 to 2015, drafted by China's leadership and economic authorities, including the National Development and Reform Commission, has an essential distinction compared with the former plan (2006-2010).
"The US has never got out of the first recession," said Rogers, a co-founder of the famous Quantum Fund in 1970 with George Soros, told Xinhua in a recent interview.
Appreciation of the Renminbi (RMB) won't solve the global imbalance, because in any case the United States will continue to have large trade deficit, Nobel economics laureate Joseph Stiglitz said here Tuesday.
The onset of the 2008 international financial crisis has revitalized the discussion on transforming the international monetary and financial system.
The Chinese government should resist the US pressure on the currency issue, like every sovereign state should do.
China has shown a fairly strong economic stability in the global financial crisis. People have ample reasons to believe that the share of China's foreign trade on the world market would not drop but is likely to rise.
When we talk about China's economic power, we should be careful not to overestimate our strength. We are still an underdeveloped country and many problems need to be addressed.
China's current economy can be summarized with following wording: Its economic situation remains unchanged, economic policy is stable and steady, and the adjustment of its irrational economic structure has been hastened.
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