No person or country in this world can defeat the US. In the end, it can only be one of its own presidents who triumphs, and Trump may be that very president. It is US President Donald Trump who has damaged the credibility of the US system. He undermined the country's foundation, the so-called "separation of powers." Trump likes issuing orders, and he changes his mind so frequently that it has almost become a routine. As a result, few countries in the world can seriously reason with the US.
Over the past more than 70 years since its independence in 1947, India has been facing the challenge of building national identity. It's widely believed that the move to revoke India-administered Jammu and Kashmir's autonomy by the government of Prime Minister Narendra Modi through constitutional amendments is a means of consolidating national identity. Many other multi-religious and multi-ethnic Asian countries, in fact, are facing the same challenge.
American Factory, a documentary backed by former US President Barack Obama and former first lady Michelle Obama, records the twists and turns that Chinese glass manufacturer Fuyao encountered while setting up a factory in Dayton, Ohio. In 2017, the New York Times reported on the cultural conflicts the Chinese company had encountered. Labor unions are tough opponents, and they are opponents that the Chinese government and companies cannot overlook.
The violent protests in Hong Kong are organized and led by external forces, as is evident to anyone who has seen such operations in other countries – for example, the 2014 Euromaidan as a coup d'etat attempt in Ukraine. The claim that these violent actions are "leaderless" or "spontaneous" is completely false as any view of the protesters, who are clearly well organized and trained to deal with the police, and any examination of the political facts, shows. The public leaders of the protests have strong links with both the U.S. and separatists in Taiwan.
The violence that erupted in Hong Kong in what began as a peaceful protest against an extradition bill caught the world by surprise. Rioters smashing store windows and attacking police with Molotov cocktails and other makeshift weapons is unacceptable in any law-abiding society. However, international media immediately sided with the violent protester and upbraided the police who used minimum force to quell the rioters.
These unprecedented waves of protests raise an important question. Why it is happening? Are the protests against the fugitive bill or the foreign intervention? Or are they about democracy or the economics? The main and fundamental reason of the crisis is an economic one. The Hong Kong Special Administrative Region (SAR) is gradually but continuously losing its competitiveness to other regions of China, especially to its neighbors. The process has significantly accelerated in last couple of years.
On August 20, 2019, Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), opened the new column “Wang Wen on Changing World” in Global Times (English edition). Following is the list of all articles.
On August 20, 2019, Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), opened the new column “Wang Wen on Changing World” in Global Times (English edition). Following is the list of all articles.
On August 20, 2019, Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), opened the new column “Wang Wen on Changing World” in Global Times (English edition). Following is the list of all articles.
On August 20, 2019, Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), opened the new column “Wang Wen on Changing World” in Global Times (English edition). Following is the list of all articles.
China has been working to innovate more in the face of the trade war, how close is China to its goal of reducing dependence on the U.S. in terms of technology? Chen Chenchen shared her insight.
By suppressing China, the US wants to maintain global hegemony. But by countering the US, China aims at protecting its own sovereignty. China's purpose is more just. For Chinese people, the US dollar's exorbitant privilege is a bullying act in the finance sector. Fortunately, China's yuan is rising unhindered, and the nation has dealt a blow to the US dollar's exorbitant privilege in defending monetary sovereignty. However, this is still a difficult path and China needs to walk in a more steady fashion.
Chinese shoe brand Fuguiniao was de-listed from the Hong Kong Stock Exchange in August. The current situation in the shoe industry is related to an asset bubble in the economy. In an economy with asset bubbles, even young people's purchasing power can be boosted. After a bubble breaks, people will be able to tell what is worth their investment. But companies have to make sure they won't fall beyond market trends.
The China-US trade war, the stagnation and ups and downs of trade negotiations between the two major global powers have gained a lot of attention. The trade dispute between China and the US is after all a geopolitical and geostrategic contest. China-US relations are experiencing unprecedented and dramatic changes that have not been seen in the past 40 years since ties were established. But it is possible that China and the US can prevent from falling into the trap of the conflict between big powers, and both of the two countries should strengthen cooperation, understanding and exchanges between them to avoid entering the new cold war."
The American tariff hikes have a limited impact on the global economy. Technological progress can be slowed down as a result of American restrictions, but it cannot be stopped no matter how hard the current US president tries. The world has changed and the era of a seeming unipolarity with the US at the top is irreversibly over. The real question is what kind of multipolar world will emerge in the 21st Century. Its contours can be detected already and it will be, to a large extent, defined by China.
The announcement by President Trump in June of 2018 about the creation of a new Space Force would eventually become a branch of the Department of Defense parallel to that of the Army, Navy, and the Air Force. The concerns about a "Star Wars" in this case may be warranted, depending on how this new Space Force will operate, and with what policy. If the policy of this new Space Force is to serve a single country's geopolitical ambition, then we may well see the world entering a new and dangerous "scramble" for the resources of the cosmos.
In recent years, Chinese scholars and policy elites have discussed the ever intensifying strategic competition between the United States and China and its multifaceted implications for Chinese foreign policy. Some even worry about the possibility of a new Cold War between the United States and China. This article aims to offer an analysis of Chinese perspectives on US–China strategic competition. In the view of most Chinese observers, US–China strategic competition is inevitable because China is closing the national power gap between itself and the United States, while the latter resolutely upholds its global primacy. Other factors, including ideological disagreements, may fuel the major power competition that has extended to most aspects of US–China relations. Chinese observers believe that economic and technological rivalry between the United States and China has heightened and that the Western Pacific is the focal point of US–China strategic competition. Meanwhile, certain Chinese s
After piloting China's economic development for almost 40 years, Shenzhen in south China's Guangdong Province is mapping out its new task as a pilot demonstration area of socialism with Chinese characteristics, according to a document released by the Communist Party of China (CPC) Central Committee and the State Council on August 18. One of the first special economic zones in China in 1980, Shenzhen has made remarkable progress and developed from a small fishing village to one of the top four megacities in the country. The new plan symbolizes the start of the next chapter in the city's future glory.
It was a wonderful experience traveling from Zhangjiakou, a city in North China's Hebei Province, to Beijing by train K42. Although high-speed trains have become a popular choice for foreign visitors, the slower "green trains" can help them see a fuller picture of China. The sights through the windows of high-speed and slower trains can offer a 360 degree view of China. Railway is a benchmark for the development of rising powers, especially those with large populations and expansive territory. It is also a scale to measure the level of industrialization.
the White House's chaotic decision-making process is out in the open. The U.S., China and the entire world economy have to pay a huge price for it. The Trump administration needs to own its mistakes and return to the negotiation table with sincerity as soon as possible. This is the only right path to go down.