The first factor is the bleaker prospects of the US economy. According to the IMF's latest projections, the US economy is expected to contract by 4.3 percent from last year in 2020. As the virus is yet to be brought under control in the US, concerns over a worsening of the health crisis, as well as expectations of further stimulus, have led to a significant weakening of the dollar in recent months. But depreciation does not mean decline. Any change in the current dominance of the US dollar would likely be a result of more fundamental and structural movements.
President Xi Jinping has called on the national efforts to develop a new economic pattern in China known as "dual circulation" – domestic and international, promoting each other, with domestic circulation as the main body.
We have no enough cooperation among the US, China, Russia, EU, India, Japan, Korea.
From October 16 to 18, 2020, Vice President Du Peng of Renmin University of China (RUC) led a delegation to visit Zhoucun District, Zibo city, Shandong Province. Du Peng was accompanied by Sha Xiangdong, Secretary of the Party Committee of Zhoucun District of Zibo, Liu Wei, governor of Zhoucun District of Zibo, Niu Shengyin, Secretary of the Party Committee of Shandong Vocational College of Light Industry.
This year marks the 70th anniversary of the War to Resist U.S. Aggression and Aid Korea. There is considerable coverage in China this month on the anniversary of China's entry into the war, with extensive TV coverage on the decision to go to war, which was not taken lightly, and underlining the sacrifices of the Chinese volunteers who served in the Democratic People's Republic of Korea (DPRK). The commemorations in the U.S. have been somewhat less prolific, partly due to the shut-down resulting from the extensive spread of the coronavirus. Sometimes, the Korean War is characterized in the U.S. as the Forgotten War, although those who fought and died in the war will always be memorialized by U.S. citizens.
Alicia Castro does not shy away from her views. She came to diplomacy from the trade union movement, where she was a leader when she was a flight attendant with Aerolíneas Argentinas. Castro spent eight years as a member of parliament in the Argentine National Congress, where she fought for the rights of working people. Ambassadorships in the United Kingdom and Venezuela culminated in the offer earlier this year of the post of Argentina's ambassador to Russia.
The Narendra Modi administration said on Monday it had invited Australia for the annual Exercise Malabar to be held next month with the US and Japan. The move is believed to further lay the foundations for the eventual formalization of the Quadrilateral Security Dialogue (QUAD) grouping, according to The Hindustan Times.
South China Sea seems to be a flash point for possible conflicts between China and the US. It will be a testing ground for the future of China-US geopolitical ties. Will it be a strategic rivalry, a competition within a rules-based framework, or cooperation? What are the possible signs now? Military competition has become increasingly tense between China and the US. And it's very likely to involve the South China Sea.
The US' blacklisting of several Chinese entities over their alleged business with Iran's biggest shipping company, Islamic Republic of Iran Shipping Lines (IRISL), is an example of long-arm jurisdiction over other countries' normal economic relations with Iran, and a bullying practice that places US domestic laws before international laws, industry observers said.
U.S. Presidential Posture Toward China During and After the US Post-Election
On October 13, an important event took place – the value of all public companies in China reached a historic high. The capitalization of the Chinese stock market for the first time since 2015 climbed to $10.08 trillion. The previous record of 10.05 trillion U.S. dollars was set in June 2015, followed by a collapse in the Chinese stock market. After the market spent five years recouping these losses, China's GDP has increased by more than 80 percent.
Recently, I went back to Lanzhou, capital of Northwest China's Gansu Province, where I studied years ago as a graduate, to give lectures, and I found the city to be breathtakingly beautiful. It is located at the center of China's geographical map with the Yellow River passing through it. One day, I looked far along the north bank of the Yellow River, and the scenery was no less than Budapest on the Danube.
A total of 111 youngsters from 32 countries involved in the Belt and Road Initiative won awards for their talent and insights on a wide range of global topics on Saturday.
The balance of power has been shifting all the time, especially between the major powers. And it has been obvious that it picked up speed in the past 20 years, especially in the last 20 years. Broadly speaking, what we've called “the great convergence” has been the historical hallmark of the second part of the last century and also the first two decades of this century.
Main Points:
(1)The background and significance of“14th Five Year” Plan.
(2)The definition and phenomenon of “Middle-Income Trap”.
(3)Why the country cannot escape from the“Middle-Income Trap”.
(4)The new world map provides a brand-new world view for the whole society.
Amb. He Yafei and Dr. Michael Swaine on the U.S.-China balance in Asia
Future trials may be carried out in Shanghai's Pudong because Shanghai, as an international financial center and international trade port, can provide a variety of application scenarios for DCEP, while technological innovation is major driver of Pudong's development
On October 5, 2020, the England and Wales Court of Appeal overturned a lower court decision from July that denied the Venezuelan government access to 31 metric tons of its gold stored in the Bank of London. No one denies that the gold belongs to the Venezuelan government. However, the bank refused to give the government of Venezuelan President Nicolás Maduro access to the gold; following the UK Foreign Office’s example, the bank said that the actual president of Venezuela was Juan Guaidó.
The Covid-19 pandemic is perceived as the worst global crisis since 1945, with UN Secretary-General Antonio Guterres calling it “the greatest challenge in the 75-year history of the United Nations.” In a telephone conversation with Guterres, Chinese President Xi Jinping said, “the Covid-19 outbreak once again shows that mankind is a community with a shared future, and the international community must foster a sense of community, help each other, and work together to tackle risks and challenges to build a better home for the planet.”