To mark the PRC's 70th founding anniversary, CGTN has introduced a special series "70 Years through Foreigners' Eyes." In the second episode, Djoomart Otorbaev, former Prime Minister of the Kyrgyz Republic and non-resident senior fellow at the Chongyang Institute for Financial Studies, Renmin University of China, shared his views on China's achievement in the past seven decades and Kyrgyzstan’s future relationship with China.
I visited the headquarters of Chinese tech titan Huawei in Shenzhen, South China's Guangdong Province, Tuesday afternoon with journalists from the US and Germany. During the four hours of interview, the words of former 3Com Corporation CEO Bruce Claflin kept coming to my mind that it would also be an amazing story if Huawei founder Ren Zhengfei's success took place in the US. The Chinese tech giant's story began in Shenzhen in the context of the resurgent Asian nation's reform and opening-up. A company like Huawei could only emerge in a market economy which offered favorable conditions.
China's skyrocketing economy is the result of policies embraced by its leaders and of the strong will of its people. However, these alone would not be enough to enable China's economic miracle. China's success is also made possible by the country integrating itself into the international economy, the system inaugurated by western countries after the Second World War and out of which China emerged as a flourishing major world power.
"Seek knowledge even if you have to go as far as China" is a popular adage in the Muslim world. It has its origin in the hadith - traditions related to Prophet Muhammad, the founder of Islam. Now the West has begun to take the same road. Why should the West seek knowledge from China? The answer lies in the clear comparison between the two: The West is in relative decline compared to its previous glory, while China enjoys stability and development. With comprehensive reforms, China has proposed the Belt and Road Initiative (BRI) and the concept of community of shared future for mankind.
Two island countries in the Pacific-the Solomon Islands and Kiribati- recently severed diplomatic ties with Taiwan. Such moves have been opposed by the U.S. and it even sent a navy ship to sail through the Taiwan Strait to advocate for "free navigation". But Washington's interference on the sovereign states' decisions makes no sense. Manasseh Sogavare, the Prime Minister of the Solomon Islands, said that the U.S. threatened to cut aid if the Solomon Islands decided to cut ties with Taiwan.
"Is the US a beautiful country?" My son, a pupil, suddenly raised an odd question.
"Not necessarily!" I answered. "If you mean landscape, then yes - many places of the US are quite beautiful. But if you mean the society or politics, the answer is 'not necessarily attractive.'"
"Then why do we translate the US as meiguo in Putonghua?" he asked. Mei literally means beautiful and guo means country.
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.
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.
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.
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.
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.
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.