Editor's Note: Foreign direct investment has played a major role in China's rapid economic development, but now China has become, along with the top FDI destination, the largest source of outward foreign direct investment in the world, writes a veteran journalist with China Daily in the first of a series of commentaries on the importance of foreign investment.
During her meeting with senior Chinese officials in Tianjin early this week, US Deputy Secretary of State Wendy Sherman said the United States welcomes stiff competition between the two countries but does not seek conflict with China.
The trade friction between the United States and China does not signify a tipping point in the Sino-US relationship, experts have said, even though the two countries have slapped tariffs on billions of dollars of each other's goods.
Americans are now blaming a host of social ills－stagnant wages, de-industrialization, inequality－even obesity and drug addiction－on globalization. More to the point, politicians and pundits of all stripes are blaming China. But most of the bad stuff that has happened in the US economy has little to do with globalization or China. Instead, it is caused by bad domestic economic policies followed over the last 30 years.
With the arrival of July, the month I was born, conversations at my home have invariably shifted to discussing potential "birthday programs", as my husband Jun likes to say.
I don't need to tell you what happened at the US Capitol last week.
Premier Li Keqiang has officially invited his Japanese counterpart Shinzo Abe to visit China from Thursday to Saturday. It will be the first official visit to China by a Japanese prime minister in seven years.
AI can raise productivity and expand GDP, but it can also render non-adaptive workers jobless.
Since the outbreak of the "Arab Spring" seven years ago, much has changed in the political and security landscape in the Middle East. What has not changed is the fact that Syrian President Bashar al-Assad remains persona non grata for the United States and its allies