The 43rd meeting of the State Council Financial Stability and Development Committee was held on Saturday, according to a report published by gov.cn, the official website of the Chinese government. The meeting has sent a clear signal: the country will dial up regulation of the corporate bond market in order to safeguard the stability of the money market.
Human beings are encountering the gravest economic crisis and the deadliest life crisis since the end of WWII. To make matters worse, the strategic distrust between great powers has hit the lowest level since the end of the Cold War. Most Western media outlets have been deeply impacted by US President Donald Trump. While they typically make reports full of complaints, scold, and pass the buck, they seldom create feasible global solutions to the above-mentioned problems.
There are some misunderstandings about the “dual circulation” strategy put forward by China recently. While we know it consists of domestic circulation supported by international circulation, some believe the initiative is a response to moves by Donald Trump to decouple the U.S. from China, or they feel China is closing itself up in a regression to its independent and self-reliant practices of the last century.
Leaders of the world's 20 biggest economies on Sunday vowed in a joint declaration to deploy "all available policy tools" to contain the raging COVID-19 global pandemic and save the global economy from plunging further into disarray with efforts to advance global pandemic preparedness, vaccine development and distribution and relief of debt burden on developing countries, striking an uplifting tone for a world plagued by a confluence of crisis.
High unemployment rate and social distancing measures will continue to hold back momentum in the service sector, and surge in debt will add to challenges down the road, according to the report.
While certain politicians from the EU are grumbling about potential influence from the freshly signed Regional Comprehensive Economic Partnership (RCEP), multinationals have shown a clear path they picked to pursue a rosy future by betting on the Chinese market.
In the final days of 2017, as China’s leaders gazed out at the changing landscape of a Trump administration and a European Union being pulled apart by Brexit, President Xi Jinping stood before a gathering of the country’s foreign diplomats in Beijing’s Great Hall of the People and urged them to adjust their thinking.
As the dust starts to settle over the 2020 presidential election, the United States remains a much divided country on some very fundamental issues. While the Trump campaign is still in the process of investigating election fraud in a number of states won by Joe Biden, putting him over the top in the race, it is unlikely, even if such fraud is discovered in some instances, that it will seriously affect the results.
After the U.S. election, as before it, China policy still forms a central strand of Washington’s foreign policy — and also, of political and economic affairs within the United States itself. Will the political line-up that we see in Washington next January be one that favors greater confrontation with China, or one that seeks to dial back the tensions that have arisen between the two countries in the past few years?
The Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting will be held virtually for the first time on November 20, with the digital economy and technology, trade and investment as well as driving innovative sustainability listed as three priority areas by host Malaysia.
Much will certainly change in the world of US foreign policy when Joe Biden enters the White House. There will be a more measured tone, and less reliance upon Twitter to announce US policy. Trump is brusque, as illustrated by the way he shoved aside Montenegro’s Prime Minister Dusko Markovic at the 2017 NATO meeting; Biden might not push and shove his way to the front of the group, but his silvery smile will camouflage as ruthless a set of aims. On foreign policy, Biden will appear to be different from Trump, but the broad outlines of their policy will be identical.
This year’s U.S. presidential election were especially dramatic. By election day on November 3, the early votes cast nationwide had reached a record-setting 99 million, around 78 percent of the total turnout from the 2016 election. Buoyed by voters’ enthusiasm amid the pandemic, Democratic nominee Joe Biden won the presidency after a vote count filled with twists and turns. Biden emerged with a substantial lead in both popular and electoral votes over President Donald Trump.
After Joe Biden won the US election, some Chinese experts said there might be a slight release of tension in China-US relations. In the 2020 US-China Dialogue Session 2 jointly organized by the Chongyang Institute for Financial Studies at Renmin University of China (RDCY), experts shared their view on the decoupling that has been seen in recent years between China and the US, and what both sides can do to prevent the situation from deteriorating.
Joe Biden published an article "Why America Must Lead Again" in a Foreign Affairs magazine earlier this year. In fact, what matters to the world is not who leads it, but whether or not the global governance, which is now in a state of shock, can be appropriately restored.
The Donald Trump administration seems obsessed with decoupling the United States from China. The tariffs it imposed on Chinese goods in 2018 and 2019 were initial attempts to that effect, which intensified both in rhetoric and action amid COVID-19.
The Regional Comprehensive Economic Partnership (RCEP), which includes 10 ASEAN members as well as China, Japan, South Korea, Australia and New Zealand, is set to be signed at the ASEAN Summit on Sunday. As the COVID-19 pandemic continues to rage on worldwide and many economies are taking a serious hit, the signing of the agreement will greatly promote regional economic integration, stabilize the supply and industrial chains, and increase countries' confidence in economic growth recovery.
Wang Wen, professor and executive dean of the Chongyang Institute for Financial Studies at the Renmin University of China, said though there are no palpable signs indicating an improvement in China-US ties, there are some expectations of that. The think tank has had "quite some" communication with some China policy advisers in the Biden transition team.
In June, Joe Biden, who will be the U.S. president in January 2021, sent out a tweet that described Venezuela’s President Nicolás Maduro—and others—as “thugs and dictators.” Maduro won two elections to hold his post—in 2013 and 2018. In 2018, Maduro won 67.8 percent of the vote, losing a third of the votes to Henri Falcón and Javier Bertucci, two figures of the opposition.