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China adapting to a new normal with the US
China and the US restart trade consultations at the end of this week. Whether or not negotiators for the world's two largest economies reach a final deal, Chinese people are adapting to a new normal of China-US relations, which is more competitive than cooperative. The country seems to be using this chance to deepen reform, or at least to lower its reliance on the US and prepare for an era of "decoupling." A serious decline in mutual trust between China and the US is a significant change and many Chinese scholars believe it is impossible to return to the bilateral relationship before the trade war when the two countries were increasingly intertwined despite competition.
2019-09-23 -
William Jones: U.S. legislators grovel before Hong Kong 'activists'
The high point of this week's U.S. trip by the Hong Kong "activists," who have been leading elements in what has been months of destruction of the economy and the infrastructure of Hong Kong and has almost brought business and tourism to a virtual halt, was a "hearing" on Capitol Hill sponsored by the Congressional-Executive Commission on China (CEEC). The CEEC was set up as a "watchdog" on Chinese activity when the Clinton administration succeeded in getting Congress to grant Permanent Trade Status passed for China in 1999, a prerequisite for China's entry into the WTO. So hearings in the CEEC always involve a clear anti-China bias.
2019-09-23 -
Guan Zhaoyu & Zhang Tingting：After Li’s Russia visit, ties eye new avenues
Premier Li Keqiang was on an official visit to Russia from Monday to Wednesday. On Tuesday, Li and his Russian counterpart Dmitry Medvedev co-chaired the 24th regular meeting between Chinese and Russian heads of government. Li said in an interview published in a Russian newspaper on Monday that China and Russia will raise bilateral cooperation to a higher level. Li's visit to Russia epitomizes China-Russia relations in the new era, pointing the way to the two countries' future cooperation.
2019-09-20 -
He Weiwen: Can China weather a long trade war?
A couple of good gestures from both China and the United States over the past week, along with the imminent resumption talks, have given the world stock markets a strong boost. The market regards the moves as a silver lining in the protracted trade war between the world’s two largest economies. The U.S. tariffs on Chinese goods and China’s counter-tariffs on U.S. goods have covered virtually all goods in the countries’ bilateral trade regime. Direct harm and indirect uncertainties for both economies, and even the global economy, have been developing.
2019-09-19 -
Ding Gang: The road to sustainable peace in Asia
It was around 10 pm when I found myself on a bus leaving Gimhae International Airport for downtown Busan in South Korea. The roads of the city that became famous in Asia for hosting the 2002 Asian Games, were brightly lit up. A bridge spanning the Nakdong River was festooned with colorful lights. Coming across such a site, not many would be able to dredge up the fierce war that took place there about 70 years ago.
2019-09-19 -
Liu Zongyi: Kashmir issue proves India unqualified for UN Security Council seat
Through a presidential order, the Indian government on August 5 scrapped Article 370 of Indian Constitution, which granted special status to the India-controlled Kashmir. The move means the region, an internationally recognized disputed territory between India and Pakistan, was forcibly transformed into alleged Indian territory by New Delhi. This is unacceptable to Pakistan and has triggered a serious confrontation between the two countries.
2019-09-18 -
Wan Zhe: Contest of structural transformation
Root cause of the trade war lies in the discomfort caused by the structural adjustment of China and the US. Behind the Sino-US trade dispute is the contest between the structural transformation between the two countries. The root cause of the trade friction lies in the discomfort caused by the two countries' structural adjustment. The Sino-US trade war, in the short term, will be painful for both the US and China. China fully understands this. But it is working hard to survive the short-term pain and embrace the long-term benefits. After all, whoever wins this structural transformation, wins the future.
2019-09-18 -
Chen Dingding: One year into the US-China trade war, Trump is still far from winning
Capturing the world’s attention, the U.S.-China trade war has been going on for more than a year now, and yet we still cannot see an end to it. Recently, China allowed its currency to depreciate to the lowest level in a decade, simultaneously announcing that its companies will stop purchasing American agricultural products. In response, the Trump administration further escalated the situation by officially calling China a currency manipulator.
2019-09-18 -
Wang Wen: China’s rise: Diamond doesn’t know its worth
I have often been invited to seminars abroad and give keynote speeches in recent years, and was occasionally remunerated, which surprised me at first but then I gradually got used to it. A decade or two ago, if invited to international seminars, Chinese scholars would usually be busy applying for financial aid from schools. But over recent years, some active Chinese scholars have been frequently invited by international organizations that will pay for their travel, accommodation and other expenses, and sometimes even offer them remuneration as well as a first-class round trip.
2019-09-17 -
William Jones: If Congress has its way, U.S. commuters will have to take the bus
It seems as if the U.S. Congress is determined not to allow any major infrastructure development in the United States, in the near future at least. Lawmakers have tagged on a proviso to the pending U.S. defense bill which would ban the use of federal funds by transit agencies for the purchase of Chinese rail cars made by Chinese state-owned companies. And for the debt strapped states and cities, the Federal support they receive for such expenses as mass transport is a must. A more draconian Senate version of the bill also includes buses produced by Chinese-owned companies.
2019-09-17 -
HK, London markets eye merger
Hong Kong Exchanges and Clearing (HKEX) made an abrupt announcement on Wednesday that it intends to merge with London Stock Exchange Group, a move that could link the financial markets in the mainland, Hong Kong and London more closely, experts said.
2019-09-16 -
Companies return to Hong Kong IPOs
The gradually stabilizing situation in Hong Kong is one reason that companies are resuming IPOs on the Hong Kong bourse, analysts said on Sunday. The gradually stabilizing situation in Hong Kong is behind the return of these IPOs, said Liu Ying, a research fellow at Renmin University of China's Chongyang Institute for Financial Studies.
2019-09-16 -
Expert: China-U.S. ties are too big to fail
Wang Wen, executive dean of the Chongyang Institute for Financial Studies under Renmin University of China, said at the forum that trade friction is only a small part of China-U.S. ties and both countries should adapt themselves to normal competition.
2019-09-16 -
Companies return to Hong Kong IPOs
The gradually stabilizing situation in Hong Kong is one reason that companies are resuming IPOs on the Hong Kong bourse, analysts said on Sunday. The gradually stabilizing situation in Hong Kong is behind the return of these IPOs, said Liu Ying, a research fellow at Renmin University of China's Chongyang Institute for Financial Studies.
2019-09-16 -
Companies return to Hong Kong IPOs
The gradually stabilizing situation in Hong Kong is one reason that companies are resuming IPOs on the Hong Kong bourse, analysts said on Sunday. The gradually stabilizing situation in Hong Kong is behind the return of these IPOs, said Liu Ying, a research fellow at Renmin University of China's Chongyang Institute for Financial Studies.
2019-09-16 -
Bolton exit marks failure of 'maximum pressure'
US National Security Advisor John Bolton has left the Trump administration as both US President Donald Trump and Bolton himself tweeted on the topic on Tuesday, prompting gleeful Chinese internet users to poke fun at the hawk's exit while experts declared the departure proof of the failure of US "maximum pressure."Diao Daming, a US studies expert and an associate professor at Renmin University of China in Beijing,he indicated that "Bolton had limited influence in the Trump administration's decision-making on policy toward China. But at least his exit marks the failure of the administration's frequent 'maximum pressure.'"
2019-09-12 -
Ding Gang: ‘Balance of power’ a strategic trap for India
While scholars in the US and India generally believe that a full alliance between the two sides is unlikely, the two countries can still reach a general consensus on balancing the rise of China, since it is in their common interest. In reality, balance of power is usually utilized by a certain powerful country to make coalitions or military alliances to counter its rivals.
2019-09-12 -
US act adding fuel to the Hong Kong fire
The US Congress has made the passing of the "Hong Kong Human Rights and Democracy Act of 2019" introduced by Congress members in June a top priority, while over the weekend some demonstrators in Hong Kong urged the US Congress to approve the law. Three experts share their views on the issue with China Daily's Liu Jianna. One of expert is senior dean of RDCY.
2019-09-11 -
Long Xingchun: Communication key to China-India trust
An informal meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi will be held on October 11 to 13. This informal meeting will play an important role in enhancing strategic mutual trust between China and India and unleashing the potential of cooperation.
2019-09-11 -
Liu Zongyi: The belt and road initiative and the us “INDO-PACIFIC” strategy
The BRI is mainly a geo-economic initiative, but there are many ongoing debates on its geo-economic and geostrategic implications. One can observe the geo-economic aspects of the initiative in the report delivered at the 19th National Congress of the Communist Party of China in October 2017, from which we understand that the BRI has implications that will affect not only the region but global dynamics as well. On a smaller scale, the BRI is one of the concrete measures to balance regional development together with the coordinated development of the Beijing-Tianjin-Hebei region and the Yangtze Economic Belt. On a larger scale, the BRI paves the way in opening China further to the world through trade routes running eastward and westward, across land and overseas.
2019-09-11
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