Continuing the Climb to Moral High Ground
History proves that involvement in the global economy is essential to an economy's sustainable growth.
China has experienced three waves of globalization. During the first round, from 1870-1914, China's per capita income decreased from 24 percent of Britain's to 13 percent. Fortunately, by the end of the second round which started in 1960, we caught up. In the past 10 years, total economic output, exports, foreign exchange reserves and the poverty rate have improved remarkably.
- Record Number of Applicants in China Vie for 'Iron Rice Bowl' Jobs
- Chinese State-Owned Shipping Company Declared Bankrupt
- China's SOE Supervisor Gets Tough on Corruption
- Li Ka-shing Company to Tune Out Satellite TV Channel
- China to Conduct Second National Pollution Survey
- Li Ka-shing Sells Shanghai Commercial Complex for 20 Billion Yuan
- China's Industrial Profit Growth Slows; Ferrous Metal Sector Surges
- New Regulations Target Bad Loans of 'Zombie Enterprises'
- Closer Look: Future Looks Brighter for Insurance Companies' Third-Party Asset Managers
- Several Local Pensions Funds to Be Ready to Invest in Equity Market Before End of Year
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- Chinese Workers' Salaries Fail to Keep Pace with GDP Growth, Study Finds
- Shanghai Seeks to Enforce Ban on Overseas Curricula at International Schools
- Air China Jet Flies in Wrong Direction after Takeoff
- Air-Scrubbing Tower Gives Beijingers Breathing Room
- China's Largest Cities Attracting Fewer Migrants, Study Shows
- Holiday-Season Ticket Sales See First Decline In Nearly Decade
- Gap Between Outbound Direct Investment, Foreign Direct Investment Continues to Grow
- Poor Parenting Hinders Development of China's Rural Children, Study Shows
- Xiaomi Unveils New Smartphones as Apple and Samsung Falter
- Debt-To-Equity Can't Be The Only Way to Deal With Corporate Debt