The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
In recent years, China has increased its efforts toward combating high levels of environmental pollution, a result of the country’s accelerated economic growth. In 2012, China declared war on pollution, and put aside RMB 3.7 trillion for the battle; more than half of the funds were reserved for combating water pollution.
A total of RMB 423.3 billion was spent on tourism during this year’s Chinese New Year holiday period, a 15.9 percent increase from last year according to the National Tourism Administration. As part of a seven percent increase in outbound tourism, about 6.15 million Chinese nationals took overseas trips.
Director of the Center on U.S.-China Relations Orville Schell describes the six most urgent recommendations for the US-China relationship.
China’s labor market changed in 2016. Despite job demand cooling in the beginning of the year, China’s job market has been steadily growing since the second quarter. Average monthly salaries have also increased, particularly in tier-one cities.
Decoupling notions of upward mobility and increased consumption will be crucial to China’s future prosperity. China’s economic rise has been based on a model of rapid industrial growth, manufacturing, and export. But now, growth is slowing and China’s population is struggling to cope with polluted air, soil, and water. In response, the government has switched to a path of sustainable development and energy efficiency.
