Translation Tag: digital economy
This special action plan issued by the Chinese Communist Party and the State Council outlines 30 actions to boost domestic consumption. These proposals aim to spur and improve the quality of consumption capacity, service consumption, and more to enhance the contributions of domestic consumption to China’s overall economy. The plan prioritizes increasing consumer spending power through pay adjustments and direct employment support while also addressing constraints on consumption. It also calls for leveraging fiscal policy support to supplement public services and expand disposable income, increasing consumption efficiency, and promoting new industries, consumption models and income channels.
Three Chinese economists from JD.com lay out potential impacts of tariffs that U.S. President Donald Trump vowed to impose on China, arguing that U.S. domestic concerns will most likely reduce the duration and magnitude of such measures, thereby minimizing their impacts on the Chinese economy. They argue that regardless of the scale of Trump’s trade actions, Beijing should seek to bolster its national strength through proactive international trade integration with other countries.
Scholars from Huaqiao University explore the implications of generative AI for China’s prosperity and national security, following the launch of ChatGPT. They emphasize the pivotal role leadership in AI research and applications will play in global power distributions going forward, given implications for standards-setting ability, productivity growth, and information control.
Wang Wen, a distinguished scholar from Renmin University argues that while internal and particularly external risks to China’s development have undoubtedly grown, the “period of strategic opportunity” heralded formally by Jiang Zemin in 2002 endures. In Wang’s view, Chinese leadership must internalize this belief and proactively communicate it publicly, as “targeted encouragement for the future” that in turn maintains “medium-to-high growth in all fields of society.”
Emphasis added throughout text by editors.