Prolonged trade tension takes its toll on the United States and will hurt more severely in the future, said John Ross, former director of economic and business policy of London.
The US has increased trade conflict with China, and also Europe. What was the primary reason for Washington to start the trade dispute with them? Will China and Europe further expand cooperation to deal with US unilateral and protectionist behavior? Global Times (GT) reporter Lu Yuanzhi interviewed Professor Danilo Türk (Türk), former president of the Republic of Slovenia from 2007 to 2012 and a senior visiting fellow at the Chongyang Institute for Financial Studies, Renmin University of China, on these issues.
On the evening of June 19, 2019, a seminar with the theme of “US-China Relations and Trade Talks: American Business Community Perspective”was held in Beijing.Craig Allen, President of US-China Business Council, Danilo Türk, Former President of Slovenia, and Professor Wu Xiaoqiu, Vice President of Renmin University of China, conducted a wonderful dialogue. The seminar sponsored by the Chongyang Institute for Financial Studies at Renmin University of China(RDCY), and Wang Wen, Executive Dean of RDCY and Executive Director of Research Center of China-US People-to-Peole Exchanges, moderated the seminar.
share markets rose sharply on news of the announcement that Presidents Xi and Trump would meet at the G20 summit – as the Financial Times simply summarised it ‘Trump plan to meet Xi on trade sends US equities sharply higher’. This was a welcome piece of goods news for President Trump after a period during which he had been receiving bad news both on the opinion polls for his re-election and for the US economy.
Populism was given a cold shoulder in European parliament elections, lending traction to attempts at European integration. Now, important issues will receive more attention with focus moving back to climate change and data protection. In the meantime, due to disputes among populist parties and groups, it is getting more difficult for Europe to coordinate overseas policies.
The scheme linking Shanghai and London stock markets, named Shanghai-London Stock Connect, officially launched today. It is regarded as a milestone in China's finance reform.
The near-hysteria in Washington over the expansion of Huawei worldwide and its development of 5G technology has provided some much sought ammunition for politicians here in Washington with a dearth of ideas for resolving America’s economic woes, and may have some short-sighted benefit for them among a populace fearful that the direction of American society is on a downward spiral. Finding a scapegoat for the country’s dilemma apart from the powers in Washington that actually determine the fate of the nation, is always a welcome relief for those power-brokers who hold themselves above scrutiny. And preventing a competing nation from becoming an integral contributor to the vital communications networks on which the world increasingly depends is an added boon. And yet the attempt to undermine Huawei from becoming a bigger player in the world’s communications systems may in fact sabotage the growth of U.S. companies engaged in the same field.
On June 12, Japanese Prime Minister Shinzo Abe arrived in Iran for a two-day visit. His visit has attracted worldwide attention, which aimed to reduce the tension between Iran and the U.S. During his visit, Abe met with Iran's supreme leader Ayatollah Ali Khamenei and its President Hassan Rouhani. He is the first incumbent Japanese Prime Minister who has visited Iran since Yasuo Fukuda in 1978.
At the 6th China-Russia economic think tank dialogue and the 4th Russia-China business forum, many Russians held an active attitude toward enhancing cooperation with China and benefit from China's Belt and Road Initiative.
Many have been thinking the same questions: What kind of country is the US? Is it still a "normal market economy?" The eccentric behavior of the US has sparked people to re-examine the world's largest economy. What is its problem?
In 1876, the US Congress had a debate on the Chinese immigrants. One side thought the Chinese immigrants should be expelled from the US while the other side believed they needed to be "tamed" in keeping with God's request. They were united by the common refrain - Chinese are an inferior race. What divided them was the approach to this Asian people - whether the Chinese immigrants should be shunned or assimilated by an attempt to change them.
Dr. Wang Wen, Executive Dean of Chongyang Institute for Financial Studies (RDCY) and the Deputy Dean and Distinguished Visiting Professor of Silk Road School at Renmin University of China,was interviewed by Belt&Silkroad.com, a Indonesian website initiated by UCLG ASPAC to create a platform for communication and knowledge sharing among the people along the silk roads.
During the state visit, we saw that China and Russia continue to steadily push forward the possibility of such loyalty. Both sides have agreed to build close ties between the Belt and Road Initiative and the Eurasian Economic Alliance, which require more political wisdom and business plans in order to satisfy both sides.
‘At least two other organizations have more power over [US financial] markets than the White House. They are the US Federal Reserve and the Chinese Communist Party. Trump does not directly control either of them.’
"China's Position on the China-U.S. Economic and Trade Consultations" represents the authentic voice of the Chinese on their concerns over the trade restrictions launched by the United States some 15 months ago.
The publication by China's Ministry of Commerce of the policy white paper “China's Position on the China-U.S. Economic and Trade Consultations” last week, coupled with China's Ministry of Commerce's research report on U.S. gains from bilateral trade cooperation on Thursday, are really China drawing a line in the sand, noting that their patience was running out with the continual shifts in U.S. policy in resolving the contentious trade negotiations. How many times have we seen the two sides approaching some type of agreement when suddenly President Donald Trump, or one of his advisers, makes some remarks about issues that remain unresolved and throws everything into turmoil?
Duan Wu, literally the "double fifth" lunar day and month, or Dragon Boat Festival, brings people closer every year. Why? Unlike many other traditional holidays that honor gods or Mother Nature, Duan Wu was created by the people to commemorate a real person.
Srikanth Kondapalli, Professor in Chinese Studies at Jawaharlal Nehru University, will give a lecture with the theme of “Recent National Elections in India- The New Government's Foreign Policies” on June 14, 2019.
The Pentagon released its first Indo-Pacific Strategy Report (IPSR) on June 1. On the same day, US Acting Defense Secretary Patrick Shanahan explained the main points of this report when he spoke at the 18th Shangri-La Dialogue in Singapore which was held between May 31 and June 2. Amid an escalating trade conflict between China and the US, US President Donald Trump's administration is determined to invest more resources in implementing the Indo-Pacific Strategy, especially in the field of security, which has not only alarmed Beijing, but also unsettled most countries in the region.
U.S. President Trump seems almost obsessed with his newfound ability to get his way using tariffs as a weapon. Concerned with the continued flow of migrants on the U.S. border with Mexico, which he blames on Mexico's rather limited ability to prevent migrants from coming through their country to the U.S. border, he is now threatening Mexico with a five percent tariff starting on June 10.