The Communist Party of China (CPC) has been working to expand its relations with political parties in other countries in recent years, a move that experts said greatly complements state-to-state diplomacy in reducing tensions, and can also help correct misconceptions of China’s ruling party which turns 95 years old on Friday. “The CPC has engaged in various exchanges and cooperation with over 600 parties and political organizations from more than 160 countries … more people…
Posts published in “Day: July 1, 2016”
Concerns about China’s local government debt problems have been rekindled after the country’s State auditor said a random inspection found irregularities in some local government borrowings involving billions of dollars. The fact that the problems related to local government borrowings were uncovered in a random spot check involving a considerable amount of funds shows that China still has a long way to go to fix local government financing problems. The situation demonstrates the need for…
An international tribunal based in The Hague announced Wednesday that the result of the South China Sea dispute arbitration will be issued on July 12. Immediately, the Chinese foreign ministry reaffirmed its position of not accepting or participating in the arbitration process. The Philippines accused China of creating a lawless situation, and the US also stood out to impose more pressure on China. China has been in a disadvantaged position since the arbitration case was…