China is shoring up ties with autocratic partners like Russia and Iran, as well as economically dependent regional countries, while using sanctions and threats to try to fracture the alliances the United States is building against it.
China's GDP increased by 18.3 percent during Q1 2021 compared to a year ago. It is a remarkable performance as Q1 GDP also registered 0.6 percent growth over Q4 2020.
On April 16, Chinese President Xi Jinping participated in a video summit at the invitation of French President Emmanuel Macron. Also participating was German Chancellor Angela Merkel. The meeting was a cordial discussion between the leaders on the climate change issue as well as other issues of importance. During the summit, President Xi reiterated China's commitment to achieve carbon emissions peak in 2030 and carbon neutrality in 2060.
Emerging as a new epicenter of the coronavirus pandemic, India has surpassed Brazil to report the second largest number of daily infections. Latest figure showed that the nation registered over 180,000 cases within 24 hours.
On Tuesday, CNN published an opinion piece entitled "Why Biden should be careful about courting India's Modi government." It warned the Biden administration to avoid an "all carrots" courtship with India because, "it's not in America's interest to become close partners with countries moving away from shared values." It underlined India's alarming "negative rights trend," but criticized the Biden administration for only making "mild" critiques against the regressive actions of the Modi government.
There are several urgent issues that need to be addressed, the first of which is the deficit in production capacity. At present, four vaccines have been approved for marketing, with conditions, in China. China has the world’s second-largest economy, with a complete industrial system and a large domestic market. With the support of an orderly and sufficient production chain and supply chain, China could meet the needs of large-scale vaccine production at present and in the future; more than 60 million Chinese have been vaccinated.
I recently participated in an online discussion in Beijing, and one of the topics was economic recovery after the COVID-19 pandemic. Some experts said that new technologies, such as artificial intelligence, will quickly lead the economic recovery at a different speed from the past. The rise of the Nasdaq Composite Index seems to have confirmed this judgment.
While the US-led anti-China forces pulling the political scheme of vilifying China by viciously fabricating a "forced labor" lie about Xinjiang, the northwestern region of China is embracing a prosperous future with booming China-Europe freight train service and a comprehensive development to be led by the framework of Belt and Road Initiative (BRI).
Tensions continue to simmer along the disputed border between India and China after the latest round of talks ended with no sign of progress.
In the afternoon of April 8th, 2021, Ambassador of Israel to China Irit Ben-Abba had a cordial meeting with Prof. Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY). The two sides had an in-depth and frank exchange on global governance, international relations and education cooperation.
US President Joe Biden has invited 40 heads of state to the Leaders Summit on Climate on April 22 and 23. This has heated up the global competition over the low-carbon economy. This new competition could even be called "a new global green and low-carbon economy war."
US President Joe Biden wants to spend $2.3 trillion on infrastructure, a move that is obviously stimulated by the "rival" China. But when massive construction work in the US begins, the Americans might feel the pain of "political decoupling" with China.
The Joe Biden administration has really gone off the rails in its latest human rights report, giving the official imprimatur to labeling Chinese policy in Xinjiang Uygur Autonomous Region "genocide." While this outlandish claim was made by the now discredited anti-China hawk Mike Pompeo, it has now been officially adopted by the "liberal" Biden administration, and solely based on unfounded rumors spread by the right-wing networks of German Adrian Zenz.
Can foreigners in China enjoy sufficient financial services? Yiwu, an export-oriented city in East China's Zhejiang Province, has made the country's first move to issue foreign merchant cards that provide foreigners with financial services to facilitate their online shopping, consumption as well as finance and investment needs.
On March 30, Chinese Foreign Minister Wang Yi concluded a week-long trip to nations in the Middle East. He visited Saudi Arabia, Turkey, the United Arab Emirates, Bahrain, Oman, and Iran.
China-based technology company ByteDance, following its video-sharing platform TikTok being banned last June, has reportedly encountered a new round of crackdown in India, with at least two of its bank accounts being blocked for alleged tax evasion.
This year marks the 50th anniversary of Dr. Henry Kissinger’s secret visit to China. In July 1971, Kissinger, as national security adviser to U.S. President Richard Nixon, held several rounds of talks with Chinese Premier Zhou Enlai in Beijing. The Chinese and U.S. sides addressed such thorny issues as Taiwan in a manner that was candid and full of wisdom. Kissinger’s visit paved the way for Nixon’s February 1972 China visit and the subsequent normalization of relations between China and the United States.
The amended Chiang Mai Initiative Multilateralisation (CMIM) agreement comes into effect on Wednesday, which institutionalizes the use of members' local currencies while raising the IMF De-linked Portion to 40 percent.