Transcript
HU SHULI: Caijing has published its annual edition in the Chinese language for six years. Why English this year? Because we want the world to understand China and Caijing, who we are and why our magazine deserves attention. It’s true that 2000 years ago, ancient Chinese built the Great Wall to keep the foreign invaders out, but today sometimes we feel that the Great Wall still stands between China and the rest of the world. This is an invisible wall constructed by language and the cultural differences, fortified by misunderstandings and even bias. To put it simply, we often feel foreign readers don’t really know what’s going on in China. Now, international airlines fly and pass over the Great Wall everyday. We think that it is the time to scale this invisible wall by presenting you our annual edition and put the thoughts and the minds from China in your hands, in your language.
Why now? Because China is no longer just a strong exporter of manufactured goods or a workshop for the world’s developed economies. China is building a deep and broad domestic market that is integrated with global marketplaces. China is also a major exporter of capital and taking up more responsibilities for shaping the global economic world.
No one doubts that China’s economy is changing rapidly. Like it or not, China is a global powerhouse. However, the global powerhouse is struggling with growth pains. The capital markets are in transition and the stocks may be overvalued. Corruption still lurks in the shadows. More work is needed to build the legal framework for giving protection to properties. Meanwhile, trade negotiators are grappling with serious issues. Our environmental challenges are huge. I’m sure you’ve heard these concerns time and again, but there’s more behind the rhetoric.
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