Chinese government agencies are placing significant emphasis on economic work and policy measures, underscoring their unwavering commitment to achieving the objectives outlined at the Central Economic Work Conference (CEWC), a tone-setting meeting for China's 2024 economic work.

The approach reflects China's confidence and determination to meet the targets for both economic and social development, fostering a positive outlook for robust economic growth in 2024, experts said.

On Tuesday, the first working day of 2024, Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said in an article published in the People's Daily that China's economic recovery and long-term improvement remain unchanged, with favorable conditions outweighing unfavorable factors.

It is expected that China's economy showed signs of improvement in 2023 compared with the previous year. In contrast to many other countries struggling with weak recoveries, soaring prices and high debt, China's economy is developing rapidly with stable employment, commodity prices and international balance of payments, Han said.

Han called for the implementation of policies that would help stabilize expectations, promote growth and boost employment. He also called for unleashing consumption potential and tapping into potential demand in the areas of urban renovation, migrant workers, education, healthcare and elder care.

The remark from Han came as top officials from major government agencies including the National Development and Reform Commission (NDRC), China's top economic planner, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Finance (MOF), have delivered reports in recent days, focusing on economic work in 2024, on the heels of the CEWC.

The CEWC usually breaks down tasks in a very specific manner after the conference. With each government agency announcing its respective work arrangements at the beginning of the year, it will effectively stabilize expectations and bring significant benefits to economic stability and development, Li Chang'an, a professor at the Academy of China Open Economy Studies of the University of International Business and Economics, told Global Times on Wednesday.

The CEWC, which was held in December, called for enhancing confidence and determination.

Recent statements from various ministries and departments indicate that the government is highly focused on economic work and is strengthening macroeconomic regulation and policy coordination to achieve a positive economic recovery, Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, told the Global Times on Wednesday.

In the agency's respective report, Zheng Shanjie, head of the NDRC, emphasized the importance of stabilizing expectations and enhancing confidence in China's economic development. "We have the ability to continuously improve our economic structure, strengthen growth momentum and maintain positive development trends," Zheng said.

In a report delivered in recent days, China's Finance Minister Lan Fo'an also expressed confidence in achieving the annual targets for economic and social development in 2023, which he said will lay a solid foundation for development in 2024.

The CEWC also specifically mentioned the need to vigorously promote new industrialization, develop the digital economy and accelerate the development of artificial intelligence (AI).

Jin Zhuanglong, minister of the MIIT, highlighted the need to cultivate and expand emerging industries, proactively plan for future industries, promote the use of AI in new industrialization and green and low-carbon development in the industrial sector.

The CEWC also mentioned that proactive fiscal policies should be appropriately strengthened and improved in quality and efficiency.

Lan mentioned the MOF will further strengthen policy support and financial protection, and coordinate the use of policy tools such as taxation, transfer payments, government investment and financing guarantees.

The recent statements, which addressed all important aspects of the nation's economic work, conveyed a stable, proactive and pragmatic attitude. The introduction of these policy measures will help boost market confidence and enhance social expectations, injecting strong momentum into economic development, Wang said.

Experts expressed a high level of confidence that China was able to meet its economic growth target for 2023 of about 5 percent, and they anticipate a continued economic recovery in 2024.

China has released major economic figures for the first 11 months of 2023. Industrial output expanded at a better-than-expected 6.6 percent in November, the fastest pace in almost two years, and retail sales also showed steady 10.1 percent growth year-on-year, according to data from the National Bureau of Statistics (NBS).

Recently, several international organizations and financial institutions have raised their forecasts for China's economy and remained upbeat about China's economic outlook for 2024.

The IMF recently raised its forecast for China's GDP growth in 2023 to 5.4 percent from 5 percent in October.

Strong growth in household consumption and supportive macroeconomic policies, including a special-purpose bond issue of 1 trillion yuan ($140 billion) are highlights for China's 2024 economy, Steven Alan Barnett, senior IMF resident representative in China, told the Global Times in an exclusive interview in December.

"It is expected that China's economic development environment in 2024 will be better. The main focus of economic work for 2024 will be centered on expanding domestic demand, stabilizing foreign investment and stabilizing foreign trade," Li said.

Children cheer during celebrations to mark the 60th anniversary of Kenya's independence at Uhuru Gardens in Nairobi, Kenya, on Dec. 12, 2023. Kenya's Jamhuri Day or Independence Day, observed on Dec. 12 each year, is one of the most important national holidays in Kenya. Kenya obtained its independence from the United Kingdom on Dec. 12, 1963.(Photo: Xinhua)

As part of an effort to woo Vietnam to serve its geopolitical interests, US President Joe Biden is arriving in Hanoi on Sunday, nurturing hopes of signing a “comprehensive strategic partnership agreement” with the dynamically developing Southeast Asian nation.

Washington is eyeing “swaying Vietnam to its side,” for it believes the US can use Hanoi as “a counterbalance to China’s influence in South East Asia,” Professor Anna Malindog-Uy, vice president of the Manila-based think tank Asian Century Philippines Strategic Studies Institute (ACPh), told Sputnik.

However, there is no indication that Vietnam has any interest in joining the “US-orchestrated” coalition against China, consisting of Washington’s allies, Anna Malindog-Uy added.

US President Joe Biden’s meeting with Vietnamese General Secretary Nguyen Phu Trong and other key leaders in Hanoi on September 10 comes as part of the latest page in the US’ Indo-Pacific playbook. Suffice it to recall how Biden hosted Philippine President Ferdinand R.

Marcos Jr. in Washington in May, then welcomed Indian Prime Minister Narendra Modi at the White House in June, and threw open the doors of his Camp David presidential retreat to his Japanese and South Korean counterparts mid-August.

The trilateral summit with South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida is regarded by pundits talking to Sputnik as part of an effort blatantly tailored to forge a new alliance against China and the People’s Democratic Republic of Korea (DPRK). The US has also been posturing in the Indo-Pacific region by holding a slew of large military drills with Japan, Australia, and the Philippines in the South China Sea in recent days.

Vietnam is vital to US foreign policy for several political, economic, and geopolitical reasons, the professor underscored. Firstly, the “strategic geographical location” of Vietnam in Southeast Asia (SEA) is important to the US. Vietnam boasts “close contiguity and nearness to major global shipping lines like the South China Sea (SCS), and it has a border with China,” Anna Malindog-Uy stressed.

South Korean President Yoon Suk Yeol, right, shakes hands with Japanese Prime Minister Fumio Kishida during a joint press conference after their meeting at the presidential office in Seoul - Sputnik International, 1920, 18.08.2023

Geopolitically Strategic Location
Vietnam plays a crucial role in US foreign policy due to its "strategic location, economic significance, and potential to counterbalance China," according to Professor Anna Malindog-Uy.

“American companies have invested in Vietnam, and trade relations have expanded. Since Vietnam is a member of ASEAN, a regional body that is important to the US, especially on issues such as economic integration, security, and diplomacy, this makes Vietnam a vital partner of the US in advancing its interests in the Indo-Pacific region. The US is likewise keen on upgrading its relations with Vietnam from a 'comprehensive partnership,' established in 2013, to a 'strategic' partnership.'"

Hanoi is being eyed by Washington for its perceived “potential to counterbalance China,” the expert added.

“The evolving relationship between the United States and Vietnam manifests the broader and active US engagement in the Asia-Pacific region and underscores Vietnam's growing importance as a regional partner,” Anna Malindog-Uy emphasized.

Vietnam became a focal point for US diplomacy when it became the sixth member of the Association of Southeast Asian Nations (ASEAN) in July 1995, the same month Vietnam and the United States normalized relations, concurred Carl Thayer, emeritus professor at the University of New South Wales Canberra at the Australian Defense Force Academy. Further along, Vietnam gradually emerged as a potential US security partner.

“The turning point came during President Barack Obama’s term in office when Vietnam and the US agreed in 2013 to a comprehensive partnership covering nine major areas of cooperation. Since that time, Vietnam has been identified as an important security partner in all US national security strategies, particularly because of China’s growing 'assertiveness,'” said Carl Thayer, adding that the US has been seeking to “counter the appeal” of China’s Belt and Road Initiative launched in 2013.

More recently, the Biden administration has “lobbied Vietnam to upgrade bilateral relations to a strategic partnership to end the situation where the US was listed at the bottom of Vietnam’s three-tiered hierarchy of partnerships – comprehensive, strategic and comprehensive strategic,” Thayer added.

US President Joe Biden disembarks Air Force One at Hagerstown Regional Airport in Hagerstown, Maryland, on August 17, 2023 - Sputnik International, 1920, 09.09.2023

Vietnam an ‘Important Trading Partner’

Vietnam has also emerged as an important trading partner for the US in recent years.

“As one of the fastest-growing economies of SEA, Vietnam is a market for US goods and services, especially in sectors like technology, manufacturing, agriculture, and services. Strengthening relations with Vietnam can give American businesses and exporters more economic opportunities, given Vietnam's rising middle class and a young, educated workforce with higher purchasing power. Since Vietnam is already a vital player in global manufacturing, particularly electronics, textiles, and machinery, US companies can benefit from diversifying their supply chains by investing in or partnering with Vietnamese firms,” the vice president of ACPh underscored.

Furthermore, Vietnam is part of several regional trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP) - the world’s largest free trade pact. The latter entered full force for all 15 member states following ratification of the pact by the Philippines in June. Thus, boosted ties with Vietnam could grant America more "reach" within these regional economic frameworks. Tourism, too, is fraught with benefits for the two nations.

It's worth noting that the United States is "not a party to the two most important multilateral free trade agreements," the CPTPP and the RCEP, to which Vietnam is a member, Carl Thayer pointed out.

Regarding the goals that the US president is pursuing in respect to Vietnam, he is “motivated mainly by economic issues such de-risking economic dependence on China by securing a reliable supply chain for Vietnamese semiconductors, and a more favorable environment for American investment, including American businesses relocating from China,” the professor said, adding:

“Biden hopes Vietnam will be a founding member of his Indo-Pacific Economic Framework for Prosperity.”

The US has been bolstering its presence in the Indo-Pacific region by forming alliances such as AUKUS, which groups the country with Australia and the UK, and the Quadrilateral Security Dialogue (QUAD) with Australia, India, and Japan. Washington is also part of the Indo-Pacific Economic Framework for Prosperity (IPEF) initiative, launched by Biden in May 2022 and now including 13 other members, such as Australia, Brunei, Fiji, India, Indonesia, Japan, Malaysia, and New Zealand.

A Vietnamese soldier stands guard at the dioxin contaminated area while U.S. Defense Secretary Jim Mattis visits Bien Hoa air base in Bien Hoa, outside Ho Chi Minh City, Vietnam Wednesday, Oct. 17, 2018. File photo. - Sputnik International, 1920, 02.09.2023

'US-Orchestrated Coalition' Against China

While visiting US Treasury Secretary Janet Yellen recently hailed Vietnam as "a key partner" in an effort to reduce dependence on China, Hanoi is “careful not to take sides between the US and China,” Anna Malindog-Uy said. Furthermore, taking sides between the US and China would be “costly for Vietnam both geopolitically and economically speaking.”

“As far as the US-led global coalition against China is concerned, I don’t think Vietnam has the intention or interest to be part of this. I don’t see any indication that Vietnam will join the US-orchestrated and led global coalition against China consisting of US allies... From my vantage point, it [Vietnam] wants to maintain good relations with neighboring countries like China as much as possible. Vietnam knows that joining a US-led coalition against China could potentially adversely impact its economic relations with China, which is vital to Vietnam’s economic development and progress,” the pundit believes.

ASEAN-member Vietnam “values neutrality,” and “follows a policy of non-alignment in major power conflicts, competition, and rivalry,” the vice president of the Manila-based ACPh think tank accentuated.

While Washington has been escalating trade and tech wars with Beijing, Hanoi has been steadily maintaining a “stable, pragmatic, and productive win-win relationship and cooperation with China, its largest neighbor and trading and economic partner.” China is "indispensable to Vietnam's economic well-being," and is a crucial market for Vietnamese exports, "particularly in electronics, textiles, and agriculture sectors." China is also one of the top foreign investors in Vietnam, particularly when it comes to infrastructure development. Many Vietnamese industries are deeply integrated into Chinese supply chains.

“China is crucial to Vietnam due to its economic significance, shared border, historical ties, and geopolitical factors. Balancing its relationship with China with its relationships with other regional and global powers is a crucial feature of Vietnam's foreign policy,” the pundit highlighted. Bearing in mind the sum total of economic significance, shared border, historical ties, and geopolitical factors, Anna Malindog-Uy emphasized:
“I don’t think Vietnam will compromise its sound economic and political relations with China by joining a global US-led coalition.”
Carl Thayer agreed with this opinion, telling Sputnik:

"Vietnam will not abandon its 'Four No’s' defense policy (no alliances, no foreign military bases, no joining one country to oppose another, and no use of force in international relations). Vietnam will not join any US-led anti-China coalition."

A Chinese woman adjusts the Chinese national flag near U.S. national flags before a Strategic Dialogue expanded meeting that's part of the U.S.-China Strategic and Economic Dialogue at the Diaoyutai State Guesthouse in Beijing, Thursday, July 10, 2014 - Sputnik International, 1920, 26.08.2023

Russia of 'Strategic Importance' for Vietnam

At this point it should be noted that Vietnam has comprehensive strategic partnerships with only four countries - China, Russia, India, and South Korea. The significance of both China and Russia for Vietnam cannot be overestimated, pundits have underscored. Russia bears strategic importance to Vietnam due to a historical relationship stretching all the way back to the Cold War era, Anna Malindog-Uy recalled. The professor clarified that Moscow plays a vital role in Hanoi's "strategic, defense, and security considerations," along with potential for energy collaboration.

Furthermore, Joe Biden’s "courting" of Vietnam comes as the Southeast Asian nation has been reluctant to support Western sanctions against Russia. This is due to a “complex interplay of historical ties, foreign policy principles, and national interests,” Professor Anna Malindog-Uy underscored. She added:
“During the Cold War, the Soviet Union provided significant support to North Vietnam during the Vietnam War. This created a foundation of goodwill between the two countries. Vietnam also has a close defense and military relationship with Russia. Russia is a key supplier of military equipment and technology for Vietnam, including fighter jets, submarines, and other advanced weaponry. This defense partnership is vital to Vietnam's security and defense capabilities. Russia and Vietnam also have relatively strong economic and trade ties, especially in machinery, textiles, and agricultural products.”

Supporting Western sanctions against Russia "could potentially harm Vietnam’s economic interests and disrupt ongoing economic cooperation," Anna Malindog-Uy pointed out.

Indeed, Vietnam has a longstanding policy of opposing the unilateral imposition of sanctions by one state against another, Carl Thayer added. He recalled that Hanoi has not forgotten the bitter fallout from the US trade embargo imposed in the 1960s during the Vietnam War. But furthermore, Vietnam is “also practical, it does not want to harm relations with a Russia, a long-standing reliable partner,” said Thayer.

A bad bacterium may make colon cancer worse.

Streptococcus gallolyticus spurred growth of some colon cancer cells in lab dishes and in mice, researchers report July 13 in PLOS Pathogens. S. gallolyticus stimulates a biochemical chain reaction that scientists already knew is involved in the development of colon cancer, the researchers discovered.

Bacteria had to be in direct contact with tumor cells to speed growth, but exactly how the bacteria do that isn’t yet known. Further investigation could help researchers find ways to block the microbe’s action, leading to better treatments for colorectal cancer, says microbiologist Yi Xu of Texas A&M University Health Science Center in Houston.
People who have heart valve or blood infections of S. gallolyticus (previously known as S. bovis) often also have colorectal tumors. The bacterium has also been found growing on tumors in some colorectal cancer patients. But doctors couldn’t tell from association studies whether the bacteria were egging on tumors or were innocent bystanders.

Xu and colleagues grew S. gallolyticus in lab dishes with several different types of human cells. Three types of colon cancer cells grew faster, producing about 50 to 60 percent more cells within 24 hours, with the bacteria than they did when cultured with no bacteria or with a harmless, milk-fermenting bacterium called Lactococcus lactis. Normal human colon cells, kidney cells, lung cancer cells and two strains of colon cancer cells didn’t respond to the bacteria. Those results could mean that the bacterium doesn’t spur on all colon cancers, says Cynthia Sears, an infectious disease specialist at Johns Hopkins University School of Medicine who was not involved in the work. Finding out what makes some cells more vulnerable to the bacteria will be important for future studies, she says.

“It deserves a deeper look,” Sears says.

Colon cancer‒prone mice infected with S. gallolyticus had more and bigger tumors than those found in mice inoculated with L. lactis or with a saline solution.

Xu and colleagues don’t know all the details of how S. gallolyticus promotes colon cancer growth. But the researchers discovered that when the bacteria glom onto responsive colon cancer cells, the microbes boost a signal sent through a relay chain known as the beta-catenin pathway. That pathway was already known to be involved in generating colorectal tumors. The researchers have some evidence that S. gallolyticus may also work through other chemical signaling pathways to enhance colon cancer growth.
Whether the bacterium can initiate colon cancer isn’t clear, Xu says.

Researchers will also need to investigate how S. gallolyticus works with or against other microbes that live in the colon, says Ran Blekhman, a geneticist at the University of Minnesota in Minneapolis. The study is part of a growing trend away from merely associational studies toward discovering how microbes function in the body, he says. “This is basically the next step in microbiome research.”

Shellfish stowaways on boat hulls could become castaways, thanks to a superslippery material.

Crowds of mussels can grab onto ships, piers and other infrastructure. They slow down the boats they commandeer, and they’re expensive to remove. The hitchhikers can even travel to new places and become invasive species (SN: 3/18/17, p. 30). A new lubricant-infused material could one day help prevent mussels from getting a grip in the first place, scientists report in the Aug. 18 Science.
Researchers modified a flexible silicone material to which Asian green mussels (Perna viridis) ordinarily stick liberally, suffusing it with a silicone lubricant. Some of the lubricant forms a thin, liquid layer and smooths out any microscopic roughness on the material’s surface; the rest creates a reservoir within the material’s pores. When the top layer wears off, the reservoir replenishes it.

Normally, mussels probe a surface with a footlike appendage and then send out a sticky thread to latch on. But mussels trying to attach to the lubricant-infused material either didn’t send out those threads at all or directed them to the wrong target — to the animals’ own shell or a different surface. That misfire suggests that the shellfish didn’t recognize the lubricated surface as a place to cling to, says study coauthor Joanna Aizenberg, an engineer at Harvard University.
She and colleagues are already commercializing lubricated coatings for use in other applications, such as implanted medical devices where it’s crucial that blood or bacteria not hold on to a surface. Next stop, the slippery coatings could take to the seas.