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Culture the best basis for ties

“The strongest bond linking two nations is culture,” said Cai Wu, China’s Minister of Culture, in a speech on Wednesday at the Los Angeles World Affairs Council in Santa Monica, California.After visiting Washington DC on June 28 for the Smithsonian Folklife Festival on the National Mall, Cai was in California to discuss the vibrant cultural exchanges and business cooperation in the culture industry between the US and China.He emphasized that the best relations were built on a solid foundation of cultural exchange.Cai reviewed the fruits of cultural communication between the US and China, including the China-US Cultural Forum organized three times by China’s Ministry of Culture and the US National Endowment for the Humanities, as well as other projects sponsored by governments, corporations and nonprofit organizations in the US and China.In his speech, Cai also explained the popular concept of “the China Dream”, as defined by President Xi Jinping and well acknowledged by the people of China. To make such a dream for the Chinese people come true, Cai said, a prosperous development of culture is necessary.As American companies like DreamWorks and Disney began their deeper engagement in China, the Chinese cultural industry advanced in its cooperation with the US too, he said.As an example he cited China Arts and Entertainment Group and American industry leading company IMG Artists, cofounded with Sino American Global Entertainment last November.On Tuesday Cai visited the Chinese Garden at the Huntington Library in San Marino with Che Zhaohe, cultural consul of the Consulate General of China in Los Angeles, where he saluted the contributions the library had made to the US-China cultural bridge.

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“The strongest bond linking two nations is culture,” said Cai Wu, China’s Minister of Culture, in a speech on Wednesday at the Los Angeles World Affairs Council in Santa Monica, California.After visiting Washington DC on June 28 for the Smithsonian Folklife Festival on the National Mall, Cai was in California to discuss the vibrant cultural exchanges and business cooperation in the culture industry between the US and China.He emphasized that the best relations were built on a solid foundation of cultural exchange.Cai reviewed the fruits of cultural communication between the US and China, including the China-US Cultural Forum organized three times by China’s Ministry of Culture and the US National Endowment for the Humanities, as well as other projects sponsored by governments, corporations and nonprofit organizations in the US and China.In his speech, Cai also explained the popular concept of “the China Dream”, as defined by President Xi Jinping and well acknowledged by the people of China. To make such a dream for the Chinese people come true, Cai said, a prosperous development of culture is necessary.As American companies like DreamWorks and Disney began their deeper engagement in China, the Chinese cultural industry advanced in its cooperation with the US too, he said.As an example he cited China Arts and Entertainment Group and American industry leading company IMG Artists, cofounded with Sino American Global Entertainment last November.On Tuesday Cai visited the Chinese Garden at the Huntington Library in San Marino with Che Zhaohe, cultural consul of the Consulate General of China in Los Angeles, where he saluted the contributions the library had made to the US-China cultural bridge.

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Culture the best basis for ties

Banking

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Banking

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Banking

Could China’s financial repression be good for growth?

China’s financial reform and development over the past four decades could be described as strong in establishing financial institutions and growing financial assets, but weak in liberalising financial markets and improving corporate governance.

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