BRI Development in the Post-epidemic Era & "Belt and Road Encyclopedia" Online Book Launch was held on 17 June 2020. Dr. Danilo Türk, former President of Slovenia delivered a keynot speech and recommended "Belt and Road Encyclopedia". He mentioned that the Belt and Road Initiative represents an unprecedented opportunity to strengthen global connectivity in the 21st Century, to foster development in all parts of the world and to create new forms of international cooperation, including multilateral cooperation, so needed in our era.
John Ross, Senior Fellow of Chiongyang Institute for Financial Studies at Renmin University of China, presented his opinions about the economic situations in UK and UAS and the influence of UN with COVID-19 pandimci.
Bilateral business activities between China and Israel have been making progress despite the COVID-19 pandemic disrupting normal communications, and the two sides are looking forward to strengthening cooperation and business expansion in the post COVID-19 period. The close business ties between China and Israel, particularly in the high-tech sector, won't be dented by the US, business representatives and experts told the Global Times.
China has locked on 11 more neighborhoods in Beijing to contain a new corona-virus outbreak linked to a food market in the capital. Chinese officials say the new cases were found at a second food market where several employees tested positive. It's reported that they are all linked to a market where an outbreak was registered last week. It was shut down on Saturday. Tens of thousands of nearby residents are now being tested. Lengthy queues formed near hospitals on a sports complex in Beijing as part of a mass screening program. The country's seeing a spike in figures after many weeks of reporting small numbers of new cases. It is now registering dozens of new infections for the second day in a row.
Data has proven that China is stabilizer of globalization. The WTO on April 8 said that world trade is expected to fall between 13 percent and 32 percent in 2020. The drop will mainly come from the US, whose imports declined 20.5 percent in April from January while exports fell 28.1 percent in the same period. But China's imports and exports in the first five months of 2020 have maintained a slight year-on-year dip of 4.9 percent. Meanwhile, exports in May increased 1.4 percent. China has become ballast stone of world trade.
US-based American Express on Saturday announced that its China-based joint-venture Express Company has received approval from China's central bank for a network clearing license, becoming the first foreign payment network to be licensed to clear transactions of Chinese currency, the yuan, in the Chinese mainland amid the accelerating China-US financial conflict. Express Co, a joint venture of American Express with a Chinese fintech services company Lianlian DigiTech Co, is expected to begin processing transactions later this year, according to a statement sent to the Global Times by American Express on Saturday.
The pandemic has wreaked havoc with global governance, plunging the world into further anarchy with fundamental changes. The world is witnessing the emergence of a new world where global governance in particular public health governance including crisis management is in disarray. The major power cooperation essential to the provision of global commons in support of a functional global governance system is fading fast as a result of intensifying geopolitical entanglements. The pandemic served as a catalyst escalating fragmentation and anarchy of global governance and post-pandemic governance will probably be more rather than less anarchic. Let us take a look into the post-pandemic world.
Danilo Türk gave a speech at the Global Think Tanks Online Forum held in Beijing on June 10. Over 100 think tank experts and media representatives from 48 countries and nine international organizations attended the forum. The following is the full text of his speech.
The Global Think Tanks Online Forum on International Cooperation to Combat COVID-19, held on Tuesday and Wednesday, issued a joint statement calling for international solidarity to fight the COVID-19 pandemic.
Stronger economic policies and international cooperation will support the world's recovery from the pandemic, and China returning faster to normalcy could be a major stabilizer of the global economy, experts from home and abroad said at a forum on Wednesday.
Eyeing politics, economy, society, and culture, scholars have been reflecting on the collapse of the Chinese empire after modernization era began. But they have often neglected factors of map making. Fortunately, the Chinese are capable of stopping this history from repeating itself.
“The profit-seeking nature of capital determines that China is still one of the most sought-after markets,” he said. “Whoever loses the Chinese market will lose the future.”
China is unlikely to lower tariffs on US lobsters, part of its countermeasures against US tariff hikes, unless the trade dispute initiator moves first on tariff rollbacks, a former senior Chinese trade official said on Sunday. US President Donald Trump threatened the EU and China with more tariffs at a roundtable event in the US northeastern state of Maine with local fishermen on Friday, according to Bloomberg, in hopes of intimidating the trading partners into reducing tariffs on US lobsters.
Indian Prime Minister Narendra Modi responded positively to US President Donald Trump's proposal of expanding G7 into a G11 or G12 that includes India. In a phone conversation on Tuesday, Modi commended Trump for his creative and far-sighted approach, acknowledging the fact that such an expanded forum would be in keeping with the emerging realities of the post-COVID-19 world, according to a statement by the Indian Ministry of External Affairs.
The United State plans to suspend passenger flights to China later this month. Russia's top international media "Russia Today" (RT) gave an exclusive interview with Wang Wen, the Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY) on this issue. The following is the full text of the interview.
The US, this year's host country for the G7 summit, reportedly intends to form a "G11" by inviting South Korea, Australia, Russia and India to attend the meeting that has been postponed until at least September. But how well the US has maintained its global leadership capacity is in question, as is whether or not it will be able to use the summit as a platform to promote its anti-China agenda. That the US intends to invite new countries to attend is not shocking as G7 summits have adopted a G7-plus mechanism and the host country is permitted to issue invitations.
Covid-19 has been wreaking havoc with global governance and globalization, upending the world and making it adrift in a sea of changes. Thomas Friedman suggested that the world may be divided into a before and after the watershed Covid-19 pandemic, quite succinctly summing up the huge impact the pandemic has brought to global governance system. In other words, we are witnessing the emergence of a new world where global governance - in particular public health governance, including crisis management - is in disarray.
Despite the postponement from the normal time-frame in early March due to the novel coronavirus, China was able to hold the annual meetings of its legislature, the National People’s Congress (NPC), and its consultative body, the Chinese People’s Political Consultative Conference (CPPCC), at the end of May, as one of the first countries which have succeeded in getting back to something of a “new normal” after the coronavirus outbreak. The meetings give an opportunity for the government and legislators to chart the pathway forward after the major disruption caused by the epidemic.
John Ross, Former Director of Department of Economy and Business Policy in London and a senior fellow with the Chongyang Institute for Financial Studies at Renmin University of China, interviewd by LENS TV to share his opinion about unrest in Hongkong. There are two main opinion: First, the real political agenda of the leaders of the riots is a succession of Hong Kong which has zero chance of success; Seond, most big businesses in Hong Kong support the National Security Law and want to put an end to the rioting.
Global re-orientation to online formats caused by the pandemic will continue and gets in an irreversible course in the post-pandemic era. What is effectively working online is unlikely to return offline. A significant part of the retail businesses will go online and stay there because consumers will be convinced that they can purchase without going physically to the shops. Our transition to the digital age has accelerated enormously. What would be realized in decades is happening in months.