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East Asia
“We need to incentivize corporations, banks in tackling social issues”
Corporations and banks should get more involved in solving the problems facing the communities they belong to in order to gain more of the public’s acceptance and therefore grow on a sustainable basis. One way to encourage them to do that is to describe their social contributions in dollar terms…
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East Asia
How feminist book ‘Kim Ji-young’ became million-seller
“Kim Ji-young Born in 1982,” a novel describing the life of an ordinary Korean housewife on a career break, has sold 1 million copies as of Nov. 27, just over two years after its release in October 2016. This is the first Korean novel to have sold over 1 million…
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East Asia
China rolls out new measures to further promote reform and opening up
A draft amendment to the Patent Law was passed at a State Council executive meeting held on Dec. 5. The document will be submitted to the Standing Committee of the National People’s Congress for deliberation. The amendment is expected to enhance punishment on intellectual property infringement. The move is an effort…
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East Asia
China’s reform and opening-up contributes to global prosperity
China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF)…
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East Asia
China’s reform and opening-up creates miracle in poverty reduction
Over forty years of reform and opening-up, China has managed to free more than 700 million people from absolute poverty, accounting for more than 70 percent of the global total in poverty reduction in the same period. The country has reduced the incidence of poverty by 94.4 percent in the…
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East Asia
Chronicle of reform and opening-up in China
1978: The 3rd plenary session of the 11thCentral Committee of the Communist Party of China (CPC) was held in Beijing In December 1978, the 11th Central Committee of the CPC held its third plenary session Beijing, marking the prelude to the reform and opening-up policy through which China would carry…
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East Asia
Reform and opening up: China’s development benefits the world
In 1978, China adopted the policy of reform and opening up. From rural to urban areas, from pilot programs to wide promotion, and from economic system reform to comprehensively deepening reforms, the policy has not only promoted China to achieve a miracle of economic and social progress, but also injected…
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East Asia
China’s ODI exceeds $100 billion in first 11 months
Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and…
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East Asia
Reform and opening-up: Common cause of the Chinese
When reflecting upon the entire history of human civilization, the 40 years is a mere drop in the bucket. However, this specific time span is ingrained in all Chinese people and has impacted the fate of numerous individuals throughout the country. Reform and opening-up is a cause all Chinese people…
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East Asia
40 years’ path: how far everyone in China goes each year
1978-2018, Chinese society has undergone earth-shaking changes. These 40 years are destined to be an extraordinary 40 years in Chinese history because of the reform and opening up policy. China has been taking a long journey towards openness and connectedness, and so has everyone here. The ever-developing trains, roads and…
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