Intramuros is the historic center and oldest district of Manila, the capital of the Philippines. Fort Santiago, an iconic building located in Intramuros, was built between 1589 and 1592. History has left four deep imprints on the fort, symbolizing the four most important periods in the history of the Philippine archipelago.
Two days after Boris Johnson became the UK's prime minister, the Financial Times noted that British Brexit Party leader Nigel Farage held a major New York fundraising event for a new lobbying body W4B (World4Brexit) to campaign for the UK to leave the European Union (EU). Farage added that he met with President Donald Trump at the White House on July 24, the day Johnson became prime minister, when Trump urged him to join forces with Johnson to "realign" British politics.
China-U.S. trade consultation will be resumed in Shanghai from Tuesday. The world stock market has already greeted the news, with various kinds of wishes and cautious optimistic anticipations loomed up for an early deal. There are two positive gestures and two harmful threats.
What most impressed me at a construction site of the Jakarta-Bandung high-speed railway is that the project adopts Chinese technology and standards in full measure. Many advanced technologies have been applied and tailored, taking into consideration the local weather and geological conditions.
On Tuesday Britain announced that Boris Johnson became its new Prime Minister. This event has significant implications for China - including for Hong Kong and for Huawei. Johnson’s project is to turn Britain into the equivalent of the 51st state of the US – but without the right to vote! Because some Chinese media wrongly believe that Brexit is a domestic British issue, without major implications for China, or wrongly treated Boris Johnson as some sort of amiable fool, it is necessary to correct this and see clearly what is taking place and its consequences for China.
A new round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) kicks off in northeast China's coastal city of Dalian this week. The RCEP aims at lowering trade costs among Asian countries to facilitate the construction of a mega free trade network. The significance of the RCEP directly lies in its scope - covering a half of global population and a quarter of global GDP - it would shape the world's largest free trade bloc if successfully achieved.
To unblock Huawei, the US has to drop it from the blacklist and completely remove the ban. This will build mutual trust between the two countries. Starting from mutual trust, the two sides can negotiate a deal faster to the benefit of firms in both countries.
To unblock Huawei, the US has to drop it from the blacklist and completely remove the ban. This will build mutual trust between the two countries. Starting from mutual trust, the two sides can negotiate a deal faster to the benefit of firms in both countries.
A new round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) kicks off in northeast China's coastal city of Dalian this week. The RCEP aims at lowering trade costs among Asian countries to facilitate the construction of a mega free trade network. The significance of the RCEP directly lies in its scope - covering a half of global population and a quarter of global GDP - it would shape the world's largest free trade bloc if successfully achieved.
China's GDP expanded 6.3% year-on-year in the first half of 2019, according to the data released by the National Bureau of Statistics (NBS) on Monday.
Dubai's opening-up is behind the Emirate's prosperity, but long-lasting prosperity depends on enduring stability. Any visitor who stands on the 828-meter-tall Burj Khalifa - the tallest building in the world - and looks at the Strait of Hormuz is immediately forced to reckon the threats to the Gulf region's stability.
This article was translated and edited from a speech by Professor Yu Yongding, an academician with the Chinese Academy of Social Sciences, at Chongyang Institute for Financial Studies, Renmin University of China, on June 26, 2019.
China's Belt and Road Initiative (BRI) has been subjected to a great deal of criticism and controversy from the very start. However, there are generally two types of criticism concerning the BRI - one largely driven by suspicions towards anything Chinese, and the other more constructive and intended to help improve practices involving BRI projects.
With coordinative measures, China has pushed for progress and the evolution of history. Following the coordinative principle, the country has dealt with many historical issues and built up a foundation for modernization.
An old Chinese proverb goes, "Frequent shifts make a tree dead but a person prosperous." "Shifts" here are used to convey a sense of movement. How can people move from one place to another? It needs road, rail, air and water connectivity - an implication of multimodal transport. One of the objectives of the China-proposed Belt and Road Initiative (BRI) is connectivity - making people, funds and resources flow.
On July 2, Chinese Premier Li Keqiang addressed the opening ceremony of the Summer Davos Forum in the city of Dalian, highlighting the importance of seizing opportunities from the new round of industrial revolution, creating new opportunities and calling for efforts to jointly safeguard multilateralism, free trade and an open, inclusive world economic system. By forming a new open financial market, China will gradually scrap foreign ownership caps in the domestic financial industry and internationalization of its capital market.
The publication of excerpts of secret cables containing vicious attacks against President Trump from British Ambassador to the United States Sir Kim Darroch to the British Foreign Office has really thrown a monkey wrench into the much-touted Anglo-American "special relationship."
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
Chongyang Institute for Financial Studies, Renmin University of China (RDCY) and the Asia Society Policy Institute (ASPI) will release jointly the Chinese version of the research report titled “Navigating the Belt and Road Initiative” written by Mr. Daniel Russel, former Assistant Secretary of State for East Asian and Pacific Affairs, and his team.
China's macroeconomy is at a critical stage as internal economic problems have emerged in the last two years. When we attempted to define the "new normal" of China's economy and chose the path to structural reform on the supply side, we failed to consider world economy changes.