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5 White Paper on the Business Environment in China
central inspections had covered seven public service institutes, China’s development have been focused on ‘absorbing foreign
six state-owned enterprises and two universities.8 investment’ and the next step will be about the out ow of
Chinese development to its neighbors.” 25
Xinhua observed that central inspections had been
responsible for the downfall of corrupt high-level o cials Moving Forward: Hope
such as Su Rong, former vice chairman of the Chinese People’s
Political Consultative Conference National Committee, the Every year, China coins a catchphrase to describe the year
country’s top political advisory body.8 that has just passed, an activity organized by the government-
backed Chinese National Language Monitoring and Research
e “New Silk Road” Center in tandem with a publishing house and the website of
People’s Daily. is year, according to Xinhua, for the rst time
e New Silk Road plan, comprising both a land-based Chinese Internet users were invited to assist with the selection
path and a maritime route, has been referred to as a Chinese process.10
national strategy ever since President Xi Jinping rst broached
the “New Silk Road Economic Belt” idea in his speech in Ka- According to Xinhua, the recommendations, which
zakhstan on September 7, 2013.25 ooded the People’s Daily website by the thousands, include
the phrase “pai ying da hu” which means to “hunt tigers and
e plan envisions an economic cooperation bloc from swat ies,” a phrase used by President Xi Jinping to show his
China through to the Mediterranean that revives the old Silk determination to root out corrupt o cials, no matter how
Road trading route. Bloomberg indicates that according to a powerful.10
map published on the website of the o cial Xinhua News
Agency in May 2014, the land-based Silk Road starts from Another recommendation is “fa” or “law”, which was
Xi’an, stretching west through Lanzhou and Urumqi before picked as the theme for this year’s Fourth Plenum. “ e word
running southwest across Central Asia, the Middle East and not only re ects the fact that the government attaches a high
Europe. e sea-based Maritime Silk Road goes through importance to it, it also means that more e orts are needed to
Guangdong and Hainan en route to the Malacca Strait and raise public awareness of rule of law,” wrote one microblogger
Indian Ocean, traversing the Horn of Africa before entering named Zhou Yanrong on the People’s Daily website.10
the Red Sea and Mediterranean. Both roads end up in
Venice.25 Mao Yushi, an economist, told local media that he had
recommended the character “pan” meaning “expectations”.
Guangdong in early November 2014 already hosted the He said: “I expect progress in China’s constitutional reform,
inaugural international expo for the maritime Silk Road, with which is a key issue in China now.”10
42 countries participating.25
Another scholar, Hao Mingjian — the editor-in-chief of a
President Xi has also already ramped up e orts to sell well-respected magazine that focuses on the study of Chinese
his new strategy overseas. One month after his Kazakhstan language – suggested the character “zhen” which can be
speech, when addressing the Indonesian parliament in Jakar- translated to mean “cheer up” or “rebounce”. Mr. Hao said
ta, he pitched “the 21st Century Maritime Silk Road.” Dur- he thinks “2014 was a year of cheer and hope, thanks to the
ing state visits in 2014, he secured verbal commitments from government crackdown against corruption.” 10
three countries along the routes -- Tajikistan, the Maldives
and Sri Lanka, while both India and Afghanistan have report- While it may be simplifying things a tad to use a catch
edly expressed interest.25 phrase– it is rather remarkable at how apropos these words do
seem to be - “hunt tigers and swat ies,” “law,” “expectations”,
e president has not hesitated to back up the plan with “cheer and hope” at succinctly encapsulating the breadth and
the appropriate funding – as of November 2014, media re- volume of what has transpired this year in the areas of reform,
ports announced that China is planning a US$16.3 billion anti-corruption and the rule of law in China. Yes, there are
fund to nance construction of infrastructure linking its mar- challenges and occasional setbacks but reforms are ongoing
kets to three continents along the New Silk Road route.25 He – foreign companies in China can practise patience, exercise
also allocated US$50 billion in October to establish an Asian vigilance and hope for the best.
Infrastructure Investment Bank to lend money to build roads,
railways and other transport links in poorer parts of Asia. 26 China’s leaders are not sitting on their laurels either. In
mid-December 2014, as of this writing, China’s top leaders
Experts expound on the New Silk Road plan’s signi cance, began meeting to map out economic plans for 2015.
that this could mean “a shift in China’s strategic thought,” According to Bloomberg, as the economy continues to slow
says Zhang Yunling, director of the Institute of Asia-Paci c with China facing de ation risks, economists expect the
Studies at the Chinese Academy of Social Sciences. To government to lower next year’s economic growth target to
Bloomberg, Mr. Zhang added that: “ e past three decades of 7 percent from about 7.5 percent this year as it adapts to
50
central inspections had covered seven public service institutes, China’s development have been focused on ‘absorbing foreign
six state-owned enterprises and two universities.8 investment’ and the next step will be about the out ow of
Chinese development to its neighbors.” 25
Xinhua observed that central inspections had been
responsible for the downfall of corrupt high-level o cials Moving Forward: Hope
such as Su Rong, former vice chairman of the Chinese People’s
Political Consultative Conference National Committee, the Every year, China coins a catchphrase to describe the year
country’s top political advisory body.8 that has just passed, an activity organized by the government-
backed Chinese National Language Monitoring and Research
e “New Silk Road” Center in tandem with a publishing house and the website of
People’s Daily. is year, according to Xinhua, for the rst time
e New Silk Road plan, comprising both a land-based Chinese Internet users were invited to assist with the selection
path and a maritime route, has been referred to as a Chinese process.10
national strategy ever since President Xi Jinping rst broached
the “New Silk Road Economic Belt” idea in his speech in Ka- According to Xinhua, the recommendations, which
zakhstan on September 7, 2013.25 ooded the People’s Daily website by the thousands, include
the phrase “pai ying da hu” which means to “hunt tigers and
e plan envisions an economic cooperation bloc from swat ies,” a phrase used by President Xi Jinping to show his
China through to the Mediterranean that revives the old Silk determination to root out corrupt o cials, no matter how
Road trading route. Bloomberg indicates that according to a powerful.10
map published on the website of the o cial Xinhua News
Agency in May 2014, the land-based Silk Road starts from Another recommendation is “fa” or “law”, which was
Xi’an, stretching west through Lanzhou and Urumqi before picked as the theme for this year’s Fourth Plenum. “ e word
running southwest across Central Asia, the Middle East and not only re ects the fact that the government attaches a high
Europe. e sea-based Maritime Silk Road goes through importance to it, it also means that more e orts are needed to
Guangdong and Hainan en route to the Malacca Strait and raise public awareness of rule of law,” wrote one microblogger
Indian Ocean, traversing the Horn of Africa before entering named Zhou Yanrong on the People’s Daily website.10
the Red Sea and Mediterranean. Both roads end up in
Venice.25 Mao Yushi, an economist, told local media that he had
recommended the character “pan” meaning “expectations”.
Guangdong in early November 2014 already hosted the He said: “I expect progress in China’s constitutional reform,
inaugural international expo for the maritime Silk Road, with which is a key issue in China now.”10
42 countries participating.25
Another scholar, Hao Mingjian — the editor-in-chief of a
President Xi has also already ramped up e orts to sell well-respected magazine that focuses on the study of Chinese
his new strategy overseas. One month after his Kazakhstan language – suggested the character “zhen” which can be
speech, when addressing the Indonesian parliament in Jakar- translated to mean “cheer up” or “rebounce”. Mr. Hao said
ta, he pitched “the 21st Century Maritime Silk Road.” Dur- he thinks “2014 was a year of cheer and hope, thanks to the
ing state visits in 2014, he secured verbal commitments from government crackdown against corruption.” 10
three countries along the routes -- Tajikistan, the Maldives
and Sri Lanka, while both India and Afghanistan have report- While it may be simplifying things a tad to use a catch
edly expressed interest.25 phrase– it is rather remarkable at how apropos these words do
seem to be - “hunt tigers and swat ies,” “law,” “expectations”,
e president has not hesitated to back up the plan with “cheer and hope” at succinctly encapsulating the breadth and
the appropriate funding – as of November 2014, media re- volume of what has transpired this year in the areas of reform,
ports announced that China is planning a US$16.3 billion anti-corruption and the rule of law in China. Yes, there are
fund to nance construction of infrastructure linking its mar- challenges and occasional setbacks but reforms are ongoing
kets to three continents along the New Silk Road route.25 He – foreign companies in China can practise patience, exercise
also allocated US$50 billion in October to establish an Asian vigilance and hope for the best.
Infrastructure Investment Bank to lend money to build roads,
railways and other transport links in poorer parts of Asia. 26 China’s leaders are not sitting on their laurels either. In
mid-December 2014, as of this writing, China’s top leaders
Experts expound on the New Silk Road plan’s signi cance, began meeting to map out economic plans for 2015.
that this could mean “a shift in China’s strategic thought,” According to Bloomberg, as the economy continues to slow
says Zhang Yunling, director of the Institute of Asia-Paci c with China facing de ation risks, economists expect the
Studies at the Chinese Academy of Social Sciences. To government to lower next year’s economic growth target to
Bloomberg, Mr. Zhang added that: “ e past three decades of 7 percent from about 7.5 percent this year as it adapts to
50
