American Economist: China’s development advantages have emerged, helping the economy grow beyond expectations丨Worldview

Release time:May 29, 2024 07:01 AM

Since 2024, China's economy has continued its upward trend and achieved a stable and good start. Why can China still maintain strong economic development momentum? What lessons can countries around the world learn from China’s economic resilience? China News Network conducted an exclusive interview with Doug Guthrie, Executive Director of Thunderbird International Business School.

Guthrie said that China's current economic organization is better than most capitalist markets, and Chinese governments at all levels are very pragmatic and actively create a good business environment. At a time when the world economy is facing difficulties, China has the resources that can be mobilized to achieve the expected economic growth rate.

China's economy has made steady progress since the beginning of 2024. So why can China still maintain its strong economic growth? And what can be learned? In this regard, China News Network talked with Doug Guthrie, Director of China Initiative sat at Thunderbird School of Global Management.

GuthrienotedthatChina's seconomyismuchbetterorganizedthanmostcapitalistmarketeconomiesaroundtheworldrightnow.TheChinesegovernmentisanextremelydecentralizedandentrepreneurialsystemofdistrictandtownshipgovernments.

comment
Official response: A tourist has lost any vital signs and the incident occurred at Qiandao Lake! 6 tourists suspected of playing "Flying Fish" project and falling into the water, telling | the world | personnel | Qiandao Lake | Jimu News reporter | Chen Fei | falling into the water | tourists
Official response: A tourist has lost any vital signs and the incident occurred at Qiandao Lake! 6 tourists suspected of playing "Flying Fish" project and falling into the water, telling | the world | personnel | Qiandao Lake | Jimu News reporter | Chen Fei | falling into the water | tourists

On June 3, at the Happy Water World of Qiandao Lake in Hangzhou, Zhejiang, six tourists fell into the water while playing the "Flying Fish" project. One of the tourists lost contact after the incident. On the afternoon of June 5, WeChat public number "Qiandao Lake Happy Water World" released a statement. The explanation stated that at around 15:40 on June 3, 2023, Fujian tourist Chen Mouhui accidentally fell into the water and disappeared while playing the flying fish project in the Happy Water World operated by the company. After the person in charge of the scene called the police, the marine police and the port and shipping law enforcement The team and rescue personnel of the rescue team searched and rescued the scene. At 14:03 on June 4, the missing person Chen Mouhui was salvaged and confirmed to have no vital signs. At present, the cause of the incident is under investigation by relevant departments. A tourist from Qiandao Lake told the Jimu News reporter that at 5 o'clock in the afternoon on June 3, she found 5 tourists by the lake.

Statement of Mount Wutai Buddhist Association: a statement made out of thin air that two mages were reported to have embezzled charity money online | a statement made out of thin air | monks | spread | articles | Buddhism | release | Mount Mount Wutai
Statement of Mount Wutai Buddhist Association: a statement made out of thin air that two mages were reported to have embezzled charity money online | a statement made out of thin air | monks | spread | articles | Buddhism | release | Mount Mount Wutai

Recently, users of several Internet and short video platforms released an article entitled "Monks of Mount Wutai Jinge Temple report Changshan, Wuchao embezzle charity money and seize temple property in real name", which quickly spread on the Internet and caused heated discussion. On June 1, the Mount Wutai Buddhist Association of Shanxi Province issued a solemn statement, saying that the content of the article was untrue. The statement said that the content of the article was that the monk Beile fabricated the facts out of thin air, reversed black and white, and maliciously discredited Master Changshan and Master Wuchao, which seriously violated the reputation of the two wizards and had a very bad negative impact on the image of Mount Wutai, the Buddhist holy land. This behavior is suspected of being illegal or even criminal. Starting from today, any individual or platform who publishes or disseminates such false information should immediately delete and stop infringing. Otherwise, the Mount Wutai Buddhist Association will cooperate with relevant units to take legal measures seriously

Will all fail, American media: No matter how hard the United States tries, Washington | Foreign Policy | The United States
Will all fail, American media: No matter how hard the United States tries, Washington | Foreign Policy | The United States

On May 31st, the website of the bimonthly issue of Foreign Policy in the United States published an article titled "The Indo Pacific has chosen Gate Three", written by Kelly Greco, a senior researcher at the Stimson Center in the United States. The article excerpt is as follows: Washington wants to persuade the so-called "wall riders" - countries such as India, Indonesia, Malaysia, Singapore, and Vietnam - to join the alliance against China. In order to force many countries to "de risk" their economies, the United States has depicted a picture of dividing the region into two camps: those who support the United States and those who lean towards China. According to the logic of the United States, those countries that are currently "riding the wall" are just delaying, and Washington can tilt the balance towards itself with more attention, visits, and money. But not many Asia Pacific countries measure the challenges they face in half

Multiple Shinkansen lines were temporarily shut down, and Typhoon "Mawa" caused 1 death and 35 injuries in Japan. The main line | Japan | Typhoon
Multiple Shinkansen lines were temporarily shut down, and Typhoon "Mawa" caused 1 death and 35 injuries in Japan. The main line | Japan | Typhoon

Affected by the warm and humid airflow brought by Typhoon Mawa and the convergence of the Meiyu front, many parts of Japan experienced heavy rainfall from the evening of the 2nd to the morning of the 3rd, leading to disasters such as floods and landslides. According to data from the Fire Department of the Japanese Ministry of General Affairs, as of 16:00 on the 3rd, Typhoon "Mawa" has caused 1 death and at least 35 injuries, including 6 serious injuries and 4 missing. About 230 residential buildings have been damaged to varying degrees. According to the Japan Meteorological Agency, record breaking rainstorm was observed in Kanto, Kinki, Donghai and other places in Japan. A 60 year old man in Aichi Prefecture died Monday morning after filling his car with water, the Japanese Broadcasting Association television reported. In Shizuoka Prefecture, landslides have occurred in some areas. Residents of Aichi County: We haven't experienced such heavy rainfall for more than 20 years. I didn't expect it to be so serious. Shizuoka

But Tencent and NetEase make 80% of the profits, and the gaming industry is divided into two or eight categories: the top ten manufacturers earn 81 billion yuan in revenue | Market | Tencent
But Tencent and NetEase make 80% of the profits, and the gaming industry is divided into two or eight categories: the top ten manufacturers earn 81 billion yuan in revenue | Market | Tencent

For gaming companies, 2022, which has just passed, has been the most difficult year in recent years, with most of the listed companies losing money last year. After experiencing a cold winter, the industry is looking forward to a bottoming out and rebound in 2023. Entering June, most listed gaming companies in the A-share, Hong Kong, and US stock markets have released their first quarter reports. In the Q1 financial report that has been released, First Financial has compiled the top 10 gaming companies in terms of revenue, based on which to observe the trend of the gaming market at the beginning of 2023. The total revenue of the top 10 gaming companies in Q1 was about 81 billion yuan, with Tencent and NetEase accounting for over 80%. A clear trend is that industry concentration is further increasing. At the same time, except for two major companies, the revenue of the gaming business of the other eight companies is declining. The financial reports mention that the influencing factors include the pace of new game launches