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Book fair symposium focuses on Xi’s book

From left: Huang Youyi, former vice-president of CIPG; Zhang Qiyue, Chinese consul general in New York; BEA President Steven Rosato; Chinese Ambassador to the US Cui Tiankai; Wu Shangzhi, vice-minister of the SAPPRFT; Fang Zhenghui, vice-president of the CIPG; attend the symposium on the Foreign Language Press’ latest book, Xi Jinping: The Governance of China at the 2015 BEA on Thursday in New York. Xiao Lixin / China Daily Book by President Xi Jinping explores governance philosophy of a new leadership A symposium on a book by Chinese President Xi Jinping that has been distributed worldwide was held at BookExpo America on Thursday in New York. Xi Jinping: The Governance of China was compiled by the State Council Information Office, the CCCPC Party Literature Research Office and China International Publishing Group. It has been translated and published in Chinese, English, French, Russian, Arabic, Spanish, Portuguese, German and Japanese by the Foreign Languages Press. The multilingual edition of the book was successfully launched in Frankfurt, Germany, on October 8, 2014, and also attracted considerable attention during APEC China 2014, the 26th annual gathering of leaders of Asia-Pacific Economic Cooperation held in Beijing. Dr Robert Kuhn, China expert, international corporate strategist and political commentator, told the symposium that the book stresses improving people’s lives, reform, rule of law, and building the CPC. These have been codified as Xi’s “Four Comprehensives”, he said. “The unprecedented book presents Xi’s political philosophy, symbolizes his rapid emergence as a strong leader, and communicates his way of thinking,” Kuhn said

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From left: Huang Youyi, former vice-president of CIPG; Zhang Qiyue, Chinese consul general in New York; BEA President Steven Rosato; Chinese Ambassador to the US Cui Tiankai; Wu Shangzhi, vice-minister of the SAPPRFT; Fang Zhenghui, vice-president of the CIPG; attend the symposium on the Foreign Language Press’ latest book, Xi Jinping: The Governance of China at the 2015 BEA on Thursday in New York. Xiao Lixin / China Daily Book by President Xi Jinping explores governance philosophy of a new leadership A symposium on a book by Chinese President Xi Jinping that has been distributed worldwide was held at BookExpo America on Thursday in New York. Xi Jinping: The Governance of China was compiled by the State Council Information Office, the CCCPC Party Literature Research Office and China International Publishing Group. It has been translated and published in Chinese, English, French, Russian, Arabic, Spanish, Portuguese, German and Japanese by the Foreign Languages Press. The multilingual edition of the book was successfully launched in Frankfurt, Germany, on October 8, 2014, and also attracted considerable attention during APEC China 2014, the 26th annual gathering of leaders of Asia-Pacific Economic Cooperation held in Beijing. Dr Robert Kuhn, China expert, international corporate strategist and political commentator, told the symposium that the book stresses improving people’s lives, reform, rule of law, and building the CPC. These have been codified as Xi’s “Four Comprehensives”, he said. “The unprecedented book presents Xi’s political philosophy, symbolizes his rapid emergence as a strong leader, and communicates his way of thinking,” Kuhn said

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Book fair symposium focuses on Xi’s book

Banking

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Within the space of just 15 years, China has gone from being the largest net lender to the world to now being a net borrower. The implications for the global economy, and China’s role within that economy, could be significant.

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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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When China began economic reform in 1978, it had only one financial institution — the People’s Bank of China. As a centrally planned economy, the state arranged the transfer of funds and there was little demand for financial intermediation.

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