Monthly Archives: February 2016

Cover of February 2016

201602

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Table of Contents of February 2016

  1. Cover story

TPP signed

  1. Economy outlook

Service trade innovation development trial in China

  1. Financial strategy

First G20 Finance Ministers and Central Bank Governors meeting in 2016

  1. Legal spotlight

Further crack down on infringement and counterfeiting

  1. Point of interest

China to build and renovate toilets totaling 25,000 in 2016

  1. Portrait

Chairmain of China Securities Regulatory Commission

  1. Remark from editor

Does money have no value?

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TPP signed

On February 4, Trans-Pacific Partnership (TPP) was signed in Auckland, New Zealand.

The following is the Trans-Pacific Partnership Ministers’ Statement: Continue reading

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Service trade innovation development trial in China

Premier of the Chinese  State Council Li Keqiang chaired the Executive Meeting of the State Council on February 14, deciding to conduct service trade innovation development trial, promote transformation of foreign trade and strengthen the competitiveness of the service industry. Continue reading

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First G20 Finance Ministers and Central Bank Governors meeting in 2016

The first G20 Finance Ministers and Central Bank Governors Meeting under the Chinese Presidency was held in Shanghai on February 26-27, 2016. The Chinese Premier Li Keqiang spoke in a video message to the meeting. The meeting was co-chaired by Mr. Lou Jiwei, Finance Minister of China and Mr. Zhou Xiaochuan, Governor of the People’s Bank of China. China G20 Sherpa, Vice Foreign Minister Li Baodong attended the meeting and addressed. Ministers and Governors discussed issues concerning global economy, framework for strong, sustainable and balanced growth, investment and infrastructure, international financial architecture, financial sector reform, international tax, anti-terrorist financing, green finance and climate finance. A communiqué was released after the meeting. Continue reading

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Further crack down on infringement and counterfeiting

In 2015, according to the decision and deployment of the leading group, Chinese Office of the National Leading Group on the Fight Against IPR Infringement and Counterfeiting (hereinafter referred to as the “Office”) closely centered on such main work as constructing business environment ruled by law, promoting the reform of the domestic trade circulation system, and cultivating new competitive advantages of foreign trade, focused on settling prominent problems about infringement and counterfeiting, innovated and perfected the work mechanism, strengthened interim and ex-post supervision, maintained a fair and competitive market order and drove the continuous improvement of innovation environment. Continue reading

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China to build and renovate toilets totaling 25,000 in 2016

According to the deployment plan of the 2016 work conference on nationwide toilet revolution, China is set to build, expand and renovate a total of 25,000 toilets, including 17,000 to be built and 8,000 to be expanded and renovated. The toilets along travel routes and in the tourist attractions, transportation hubs, rural scenic spots, restaurants and entertainment centers catering to tourists and pedestrian precincts are all required to reach the standard for the A-level tourist toilet. Continue reading

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Chairmain of China Securities Regulatory Commission

Liu Shiyu is assuming oversight of the world’s second-largest stock market in the wake of last summer’s slump that saw Xiao Gang criticized for mismanagement. Mr. Xiao was blamed for the free fall of Chinese stock markets after the implementation of the now abolished circuit breaker mechanism.  Mr. Liu Shiyu assumed the Chairman of China Securities Regulatory Commission (CSRC) and Secretary of the CSRC Party Committee starting from February.  Mr. Liu, born in November 1961, is an ethnic Han from Guanyun, Jiangsu Province. He holds a Master of Science degree in Management Engineering. Continue reading

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Does money have no value?

Cheming Yang

We have seen currency wars. Countries try to depreciate their currencies in the race of export.
We have seen zero or negative interest rates, notably in Japan and the euro zone. The ECB already applies negative rates on banks’ cash deposits. In 1995 the Bank of Japan (BOJ) lowered its main interest rate to 0.5 percent. Rates have never been higher since. Earlier this year it adopted negative interest rates on certain bank deposits and had yields on its benchmark 10-year bonds fall below zero. And experts said this trend could extend for several years. Continue reading

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