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Cultural Threads Forum Shows Development Strength of Cross-Straits Transforming Relations

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Cultural Threads Forum Shows Development Strength of Cross-Straits Transforming Relations CHINA DAILY Monday, September 21, 2020 | 3 TOP NEWS Cultural threads Forum shows Development strength of cross-Straits transforming relations By ZHANG YANGFEI and HU MEIDONG in Xiamen, Fujian to new model No force can hinder the common desire of people on both sides of the Taiwan Straits for exchanges and Consumption, investment, reform communication, China’s top politi- to unleash higher-quality growth cal adviser said on Sunday. Wang Yang, a member of the Standing Committee of the Political By LI XIANG sector,” Lin said. “But it does not Bureau of the Communist Party of [email protected] mean that exports and trade are China Central Committee and not important.” chairman of the Chinese People’s China’s economic growth will be The economist said that China Political Consultative Conference increasingly driven by domestic will continue to utilize its competi- National Committee, delivered his consumption and investment, and tive advantage in global trade and Pan Yuzhen (right), the inheritor of embroidery techniques of the Miao ethnic group in Guizhou prov- remarks in a video at the opening bolder reform measures are need- further widen its market opening ince, introduced the traditional culture to visitors, on Saturday. Pan started a folk costume crafting ceremony of the 12th Straits Forum ed to cultivate a more efficient to foreign companies to share its factory in 1994 and helped the local women to engage in embroidery work. JIANG DONG / CHINA DAILY in Xiamen, Fujian province. domestic market and unleash the large consumer market and prod- Wang said the foundation of the country’s potential for higher- ucts at lower cost and with good development of cross-Straits rela- quality growth, a senior economist quality. tions, as well as the driving force, said. Some observers tend to view the lies with the people. Since the very Justin Yifu Lin, honorary dean emphasis on domestic circulation first forum was successfully held in of the National School of Develop- as a sign that China is becoming Deal could solve TikTok’s US dilemma 2009, it has continued year after ment at Peking University and more introspective or would even year without difficulties. former chief economist at the isolate itself from the rest of the By HE WEI in Shanghai es — the deal is good for the US This year, the organization of the World Bank, sees China’s shift world amid the tensions with the [email protected] economy in real terms,” he said. forum faced the COVID-19 pandem- from an export-oriented economy United States and weakened Shen Yi, a professor and director ic and obstruction from Taiwan to a domestic consumption and external demand from the COVID- ByteDance has voiced hope that The current of the Research Institution of Glob- authorities, but it still proceeded investment-driven one as an inev- 19 pandemic. an agreement it reached with Ora- arrangement, if al Cyberspace Governance at successfully with a large number of itable step as the Chinese econo- “It is a misperception that China cle and Walmart will allay White Fudan University in Shanghai, said Taiwan compatriots participating. my grows larger with rising is moving toward an inward-look- House security concerns and allow properly he believed the deal could serve as This fully demonstrated that the household incomes and the servi- ing and closed economy. China its video-sharing app TikTok to implemented, can a reference point for similar cases. desire to communicate is sincere ces sector accounting for a greater will continue to utilize resources maintain normal operations in the “Oracle’s role as a key technology and strong, he said. portion of its GDP. in both internal and external mar- United States. strengthen supplier indicates the TikTok team Wang emphasized that opening- He also views that shift as the kets and to further deepen The trio hammered out a deal in localization for retains stewardship over the app. up brings progress and decades of main logic and a key reason reforms and push a higher level of principle to “strengthen TikTok’s Chinese companies Such an approach is applicable to the development of cross-Straits behind China’s dual-circulation opening-up,” Lin said. business in the US, ensure that 100 other emerging or future cases relations has proved that only development pattern, which was The economist said bolder million Americans can still contin- to operate overseas involving Chinese tech companies,” exchanges can benefit both sides. recently proposed by the country’s reform measures are needed in ue using the highly popular video and better Shen said. Despite the grim world economic top leadership. areas including the financial servi- and content app TikTok, and meet Wang said the deal is far from the situation this year, cross-Straits “In the past, the perception ces sector, the labor and land mar- regulatory requirements by the US incorporate local worst-case scenario for TikTok, trade volume has still maintained about China’s growth was as kets and the country’s ownership administration,” ByteDance replied ecosystems ... into its which could have risked losing con- double-digit growth, showing that export-oriented, but now it is a system to reduce market distor- to China Daily in a written state- trol of not just shares but also core the mainland has always been the misperception. tion and better unleash the coun- ment on Sunday. daily operation.” technologies like algorithms. island’s strongest backing force and We need to try’s growth potential for high- The three parties will reach a Raymond Wang, a global “The current arrangement, if most assured support. recognize that quality development. cooperative agreement, subject to partner at consultancy Roland properly implemented, can However, some people on the as a large econo- “Policies should encourage US and Chinese government Berger strengthen localization for Chinese island want to decelerate the my, an internal financial institutions to offer approvals, as soon as possible, it companies to operate overseas and exchanges and cooperation, trying market of con- more financial support and loans added. But no details on the gov- better incorporate local ecosystems to disconnect from the mainland’s sumption and to the country’s micro and small- ernance structure in the deal were would become its “trusted technol- from technology channels to part- economy and culture, which will do investment will er businesses,” Lin said. “Private disclosed. ogy provider” and Walmart would ner into its daily operation,” he said. harm to Taiwan, Wang said. be the major companies should also be given In early August, US President play a role in a “commercial part- China’s Ministry of Commerce He said “Taiwan independence” is Justin Yifu Lin drivers of Chi- wider access to industries where Donald Trump said he would ban nership”. condemned the threatened ban a dead end. na’s growth,” Lin there are barriers for them to TikTok in the US unless Byte- The arrangement would lever- and urged the US to stop what it Wang reiterated the importance said in a recent enter.” Dance sold it to a US company. He age the strength of every party and called bullying behavior and of expanding people-to-people interview in Beijing. later included WeChat in a possi- address the US government’s wrongdoing. It said China would exchanges and promoting integrat- His comments came as the Raise household incomes ble US ban. so-called security concerns in the “take necessary measures to reso- ed development. dual-circulation development Lin added that reform should ByteDance’s confirmation of the most pragmatic way, according to lutely safeguard the legitimate He said the Chinese mainland pattern raised by Beijing’s top pol- also be carried out in the area of deal was quickly followed by a US Raymond Wang, a global partner at rights and interests of Chinese always sticks to advancing the icymakers has generated heated wealth distribution to reduce Commerce Department announce- consultancy Roland Berger. companies.” peaceful development of cross- discussions and speculation income inequality, promote ment on Saturday of a one-week He said Oracle’s expertise in Chinese messaging app WeChat Straits relations on the basis of the about possible shift of China’s regional integration and allow delay, until Sunday, on enforcing a database management and privacy still faces cloudier prospects. On 1992 Consensus, which acknowl- development policy and its poten- more people to enjoy the benefits US ban on TikTok app downloads. protection, coupled with Walmart’s Friday, it was listed by the US Com- edges the one-China principle and tial impact on the global economy. of the country’s development. The Commerce Department hunger for leapfrogging into the merce Department to be barred the goal lies in enhancing the well- President Xi Jinping has said Meanwhile, the government attributed the extension to “recent social commerce realm, would from mobile app libraries and being of Taiwan compatriots and that China needs to create a new should work to further raise the positive developments”. “add tangible flavor” to the deal. access to essential internet services bringing them a better life. development pattern in which income level of Chinese house- Xinhua News Agency reported “Oracle is likely to act as a trusted in the US. In recent years, the mainland has internal economic circulation is holds as it is crucial to expand on Saturday that TikTok disclosed technology vendor safeguarding WeChat owner Tencent said in launched a series of measures that the mainstay and the domestic domestic consumption, a key driv- some details about the three-party data security, while the retail giant an emailed statement that it will benefit Taiwan people, and an and external markets can comple- er of China’s economic growth.
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