AMA 2020 Vote
October 30 2020
by Ange Hwang, Asian Media Access.
The United States, as the world's largest economic and military power, attracts international attention in its presidential elections every four years. As an eligible voter, please do not waste your precious vote, and please go vote on Nov. 3!!
Garden202011
by Bill Zajicek, president, Minnesota China Friendship Garden Society.
There were two large volunteer projects at the garden this summer/fall. As a result, the rock garden was completely weeded and mulched; the donor stanchion received a new coat of paint, the Hmong Heritage Wall was painted, and as a gift from the Minnesota Peony Society, nine peonies were planted: three each of herbaceous “Krinkled White,” herbaceous “America Red” and tree peonies (Fuji-Zome-Goromo, Renkaku, Tai Hai)!!!
HKU
By Elaine Dunn
The Hong Kong University (HKU) appointed two mainland Chinese scholars to its governing council, one of whom is alleged to have direct ties to the Chinese Communist Party (CCP).
Book Review 202011
You may notice the more-than-usual number of books included this issue. With Christmas giving around the corner and the snowy winter approaching, China Insight thought these titles may provide gift ideas or just material for a “good read” in front of the fireplace.
Enjoy!
GoodJob_Deed
[ST. PAUL] – Minnesota Department of Employment and Economic Development (DEED) Commissioner Steve Grove announced the #GoodJobsNow campaign with Rick Trontvet from Marvin Windows in Warroad and Traci Tapani from Wyoming Machine in Stacy.
Covid
October 2020
Like other com- munities, our Chinese American commu- nity has been hit hard physically, mentally and economically.
Fall Colors
October 2020
In this year of coronavirus, we can find joy in the beauty of nature and celebrate festival traditions with tastes of mooncake on the trail.
Publisher Pronouncement
October 2020
With the 2020 U.S national election approximately a month away, will Asian American voters make a difference in the U.S. political fabric?
Republicans
October 2020
The resolution “calls on all public of- ficials to condemn and denounce anti-Asian sentiment, racism, discrimination, and re- ligious intolerance related to COVID-19”
Canton Fair
October 2020
The 10-day virtual 128th session will go online from Oct. 15-24.
HK Press
September 2020
On June 30, 2020, the Beijing government stepped in on Hong Kong’s governance and enacted the Hong Kong National Security Law
Lauren Food Blog
September 2020
March 16, 2020, a Monday, is a day I will never forget; it’s the day all my jobs essentially vanished. At the time, I was living in New York City, auditioning and performing.
Chang Wang - CAAPM
September 2020
Chang Wang, a regular China Insight contributor, to the Board of Council on Asian Pacific Minnesotans (CAPM) to represent the Chinese Minnesotans at the Council and the State government.
China Garden
Septemebr 2020
These gardens are all more expensive than anticipated.
Confucianism
August 2020
Studying and understanding how ancient China viewed consumerism and the pursuit of wealth through the lens of Confucian thought and traditions, and how they impacted modern Chinese society will help us develop a deeper understanding of modern China.
Green Restrictions
August 2020
The idea of "green restrictions" on property rights is reflected in the property rights section, which makes it possible for coordination of property utilization activities and environmental protection goals.
Hong Kong
August 2020
Hong Kong’s pro-Beijing government said the new National Security Law will only target “an extremely small minority.” As with most things Beijing directed, that may be a borderline lie.
Unsung Heroes
August 2020
The story of Chinese American veterans and their contributions in World War II and the path toward recognition as told by the sons/daughters/grandchildren of these veterans.
Ming Bday
August 2020
Not even a pandemic can keep down the celebration for this spirited nonagenarian.
Post Covid Wuhan
August 2020
“Long Time No See, Wuhan” is a documentary that tells the stories of 10 families in the Chinese city hit hardest by the COVID-19 pandemic,. It was viewed more than 25 million times during its first 24 hours online in late June. The film was directed by Takeuchi Ryo, a Japanese who has lived in Nan- jing, Jiangsu province, for seven years.

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Sustaining Growth

By Philip Schellekens, et al., World Bank Office, Beijing

Executive Summary

Recent Economic Developments
The Chinese economy is in the midst of a gradual slowdown. A weaker global economic environment and tighter domestic policies combined to slow GDP growth from 10.4 percent in 2010 to 9.2 percent in 2011. Slow growth in the Euro area and sluggish recovery in the [United States] limited the contribution of net exports, as exports decelerated more rapidly than imports. Tighter domestic policy conditions dampened investment – particularly in infrastructure and real estate. In contrast, consumption growth remained robust as consumer confidence was sustained and household income continued to grow rapidly.

Talks in China center on the big choices now facing the country

BEIJING, September 5, 2011 – China and the World Bank are making significant progress on a joint report on how the world's second largest economy can move to a path of sustainable growth in the face of today's challenging global economic situation, said World Bank Group President Robert B. Zoellick.

BEIJING- China's growth has moderated somewhat to a still healthy pace, with a shifting composition, according to the World Bank's latest China Quarterly Update released [Nov. 3, 2010]. 

BEIJING-China's growth has moderated somewhat to a still healthy pace, with a shifting composition, according to the World Bank's latest China Quarterly Update released [Nov. 3]. 

China surpassed Japan as the world's second-largest economy last quarter, capping the nation's three- decade rise from Communist isolation to emerging superpower.

BEIJING– China's economy has continued to grow robustly, with some softening recently, according to the World Bank’s latest China Quarterly Update released [June 18].

WASHINGTON– The World Bank’s Board of Executive Directors [on June 10] approved a loan of US$100 million to the People’s Republic of China to support sustainable development in poor rural areas in Chongqing Municipality, Henan Province and Shaanxi Province. The World Bank loan is supplemented by a grant of US$4.265 million from the Global Environment Facility focused on improving sustainable land resource management and climate change adaptation.

BEIJING– Despite the global recession, China’s economy grew 8.7 percent in 2009, and the growth momentum continued in the first months of 2010, according to the World Bank’s latest China Quarterly Update released [Mar. 17].

The Update, a regular assessment of China’s economy, finds that massive investment-led stimulus was key in driving the economy last year. But real estate investment gained prominence more recently and household consumption growth has held up very well.

Exports declined in 2009 as a whole, even as China gained global market share. With imports strong, net external trade was a major drag on growth in 2009 and the external current account surplus declined sharply. Exports rebounded strongly through 2009, though, and exceeded pre-crisis levels in early 2010. In a heated real estate market, surging property prices triggered policy measures to expand supply and curb speculation.

“We project 9.5 percent GDP growth for this year, with a shift in the composition,” said Ardo Hansson, Lead Economist for China. “Government-led investment is bound to decelerate. But, exports are likely to continue to recover amidst a pick up in the global economy, real estate activity is likely to grow strongly this year, and consumption should remain solid.” 

Inflation is on course to be significant in 2010, after being negative in 2009. But, with global price pressures likely to be subdued amidst large spare capacity internationally, China’s inflation is unlikely to reach high rates in 2010. We expect the external surplus to remain broadly unchanged this year.

Turning to policies, “the macroeconomic policy stance will have to be tighter this year than in 2009,” said Louis Kuijs, Senior Economist and main author of the Update. “Unlike in most other countries, overall output in China is close to potential. Thus, China needs a different macro stance than most other countries.”

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

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