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| 2014-11-20 | Hits:
Chinese enterprises to speed up globalization 
Chinese enterprises will further accelerate their pace of future globalization, according to a report released on October 29. The Blue Book of Chinese Enterprise Globalization: Report on Chinese Enterprise Globalization (2014) co-issued by the Center for China and Globalization and Social Sciences Academic Press, predicted that 2014 will be a milestone for Chinese enterprises’ globalization, as Chinese outward foreign direct investment is likely to surpass foreign investment in China for the first time. The report also forecast China to be a net contributor of capital outflow this year, because it has become one major emerging country for outward direct investment.
Chinese economy entering new ‘normal’ period
“China’s GDP growth rate this year is estimated to reach 7.4 percent, situating within the reasonable interval around the expected goal of 7.5 percent. We are still optimistic for a growth rate around 7 percent next year,” said Yu Bin, director-general of the Department of Macroeconomic Research of the China’s Development Research Center of the State Council on October 24. Referring to China’s macroeconomic situation, Yu stated that 2015 and 2016 will be the window period for Chinese economy to be transformed to the “new normal.” In this transformation process, it is important to keep a stable macroeconomic policy, Yu said. In the face of pressure resulted from short-term growth slowdown, it is no good to substantially alter the macroeconomic policy, he added. Yu said stable macroeconomic policy is necessary for a favorable environment for economic transition and structural adjustment.
Role of financial professionals reevaluated
Wu Jingping, director of Fudan University’s China Center for Financial History Research, said at a symposium that narratives on the subject of people in financial history are often neglected. During the 1920s and 1930s, a number of bankers emerged in China who promoted and helped to maintain the development of China’s modern financial industry through knowledge and experience. Wu held that modern financial practitioners, represented by bankers, and their sense of responsibility, behavior and influence are indispensible parts of change taking place in China’s modern financial industry. 
Scholars call for rational approach to traditional culture
The 2014 Conference of Key Institutes for Contemporary Socialism was held on at Shandong University on October 25. Scholars discussed how to adopt a dialectic perspective to view Chinese traditional culture and how to popularize Marxism in contemporary China. At the conference, scholars called for a rational approach to traditional Chinese culture, urging avoidance of blindly adhering to traditional culture in isolation from current social conditions in China. Traditional culture can only perform its function and realize its value if it is in accord with the modernization course in contemporary China. Scholars pointed out that understanding the historical inevitability for China choosing Marxism among other ideologies and cultures will shed light on exploration of the relationship between Marxism and traditional Chinese culture.
Experts probe cause of smog in China
The 2014 China Urbanology Annual Conference was held on October 25 and 26 in Hangzhou, Zhejiang Province. Experts at a sub-forum probed the formation of smog and its countermeasures. Zhang Xiaoye, deputy director of the Chinese Academy of Meteorological Science, said that severe smog in China’s central and eastern regions over the past two or three decades has been mainly caused by a sharp increase in atmospheric pollutants discharged by human activity. In addition to traditional coal-smoke pollution, air pollution by nitrogen oxides emission is becoming severe. This has led to the current mix of air pollution, said He Hong, a research fellow from the Chinese Academy of Sciences’ Research Center for Eco-Environmental Sciences. Nitrogen oxides emission is mainly attributed to rapid growth of cars in cities, said He.