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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.'"
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.
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.
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.
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.
Tariffs are now becoming toys for US President Donald Trump. He always plays the "tariff card" when he feels bored, and he needs to because he is addicted to tariffs. Without tariffs, President Trump has no fun with himself and his team members. resident Trump has used tariffs like an ATM to draw money from other countries. This is ridiculous for the whole world. Whenever he finds a shortage of money to sustain his administration, he begins to threaten others with tariffs, and he acts like a robber who collects money from others' pockets.
I received a special gift for the Mid-Autumn Festival this year: three boxes of mooncakes from the US Embassy in China. I shared the delicious dessert with my colleagues, and I appreciated the generosity of the senior US diplomat who sent me the gift. Over the past few months, we used to have heated arguments, but it was what that made us friends. Our argument started this spring when the US embassy cancelled my visa to the US without giving an explanation. I had paid tens of visits to the US, had been to more than 20 US states and have been responsible for a major project on China-US people-to-people exchanges. But none of this justifies the cancellation of my visa.
While cranking up the trade war with China, US President Donald Trump's administration is also reinforcing efforts to explain its detrimental effects. In a string of tweets in late August, the president refuted the view that his trade policies were hurting the US economy saying "The Economy is doing GREAT, with tremendous upside potential." He also claimed that "The farmers are going to be so happy when they see what we are doing for Ethanol," and blamed "bad management" instead of the tariffs for the "badly run and weak companies." On August 23, Trump ordered "great American companies" to "immediately start looking for an alternative to China."v
On September 3, China issued a new white paper entitled "Nuclear Safety in China" which elaborated on China's basic principles and policies in the field of nuclear security, sharing its concepts and practices of regulation, and clarifying its determination to promote global nuclear safety governance and the actions it has taken to achieve this. The document also underlined how China's rapid expansion of nuclear energy is part of their program to move toward "clean and efficient energy"and to reduce China's dependence on coal.
The mass rallies in Hong Kong over the past months have astonished the world - and probably the people of Hong Kong themselves. On the surface, the problems that initiated the protests are political. However, there is always a deeper reality that feeds the protests and it usually has to do with social economic questions, which define people's daily lives. In the reports covering Hong Kong more and more references are made to the questions of economic opportunities of the young, the rocketing prices of housing and other existing social and economic problems