> Brief News

Weekly News Collection

| 2017-11-02
(Chinese Social Sciences Today)

FINANCE
Seminar: Finance should serve real economy
More than 70 experts and scholars discussed ways to enhance the finance sector’s ability to serve the real economy at a seminar held in Nanjing, Jiangsu Province, on Oct. 22. Wu Xianman, director of the Jiangsu Institute of Financial Research, said that problems related to financial market scale and the credit environment are hindering the financial sector’s capacity to support the development of the real economy. Steps should be taken, such as enriching the organizational system of the banking industry and effectively utilizing private capital, Wu said. AI has been widely used in the financial field. Intelligent finance can improve the speed and accuracy of financial investment and services, creating more market demand. It also can be beneficial to the development of inclusive finance, said Chen Xuebin, a professor from the Institute of Financial Research at Fudan University.

 

WATER SECURITY
Water security crucial to sustainable development
The Second International Top-Level Forum on Engineering Science and Technology Development Strategy was held at Hohai University in Nanjing, Jiangsu Province, from Oct. 19 to 20. Nearly 400 representatives from China and abroad had an in-depth discussion focused on the theme of “Water Security and Sustainable Development Under a Changing Environment.” Zhang Jianyun, an Academician of the Chinese Academy of Engineering and director of the Nanjing Hydraulic Research Institute, said that such factors as rapid industrialization, urbanization and global climate change have made the issue of water security more pressing. Jiao Yong, former deputy minister of the Ministry of Water Resources, stressed the importance of water governance. Jiao said it is vital to conserve water while balancing population, economy and resource use. It is also necessary to strengthen water infrastructure and encourage an ecologically conscious society. 

 

BELT AND ROAD
2017 B&R big data report released 
A big data report on the progress of the “Belt and Road” initiative in 2017 was recently released in Beijing. Compared to 2016, this year’s index on cooperation with other countries is higher and cooperative effect is more prominent, according to the report by the State Information Center. As the “B&R” initiative continues to facilitate trade between China and countries along the routes, the potential for future trade growth is great. In particular, China’s trade cooperation with neighboring countries is expected to grow increasingly close. Data shows Chinese enterprises are particularly enthusiastic about participating in B&R construction. However, relatively few enterprises from the central and western areas are involved.

 

LAW
Rule of law, modernization to progress in tandem
At an international symposium held in Nanjing from Oct. 20 to 21, more than 60 experts and scholars from China and Russia discussed the relationship between rule of law and modernization. “China and Russia are both emerging market economies that are seeking the proper mode of modern legal construction. Academic exchanges and cooperation between the two countries can help us to jointly explore the path in accordance with our respective national conditions,” said Gong Pixiang, director of the Institute for Chinese legal Modernization Studies at Nanjing Normal University. Tarhanov Elidal, a professor from the School of Law at Kazan Federal University, said that rule of law is closely related to national development, public interest and personal development, while boosting the modernization of the rule of law conforms to the development trend of 21st century society.