The world is threatened by tariff hikes and prospects of a trade war, accompanied by improvised suggestions for abrupt changes in the international trading system. This is not only frightening but also paradoxical in light of the fairly consistent and positive developments in the global trade system over the past decades.
The US Indo-Pacific strategy seeks to use political (emphasizing democratic values), economic (exclusive institutional economic and trade arrangements), diplomatic (strengthening bilateral alliances and sowing discord between China and other countries), military (joint military exercises and arms sales) and other means to co-opt China’s neighboring countries to undermine China, contain China’s rise, and ultimately maintain US hegemony.
Malaysian Prime Minister Mahathir Mohamad's China visit that began on Friday is the most important high-level exchange since the new Malaysian government took office. The trip depicted a blueprint for bilateral cooperation and gave an answer to those pessimistic about China-Malaysia relations.
I once asked my African friends two questions: first, why can't Africa bring in Western capital and technology like China did in its reform and opening-up to supplement various factors of economic development and realize modernization? Second, why can’t the integration of Africa’s former colonizers in Europe bring about the integration of Africa?
Many people tend to associate Africa with words like "poor," "underdeveloped," or "disease," and hold negative views about China-Africa cooperation and investment. With the upcoming Forum on China-Africa Cooperation (FOCAC) Beijing Summit 2018 going to be held in September, Africa has been under the spotlight. I analyze 10 most common misunderstandings about Africa and China-Africa relations on the basis of my field research in more than 10 African countries.
From the second half of 2017 until he demitted office, the term “Indo-Pacific” was used repeatedly by US Secretary of State Rex Tillerson, representing the first appearances of the term in the official rhetoric of the Trump administration.
2018 is widely recognized as the "Historic Year" of China-Africa relations, when the third summit of the Forum on China-Africa Cooperation (FOCAC) will be held in Beijing in September. In the past 18 years, the FOCAC has been on the right track and achieved fruitful results. The forum has become an important mechanism for collective dialogue between China and Africa.
The most frequent excuse used by US President Donald Trump to support his reckless decision to launch a "trade war" against China is that China has taken advantage of the US. Many people, especially some Americans, seemed to be convinced, though the facts suggest differently.
In spite of globalization being a secularizing process, the revival of religion during our times has become a common phenomenon. The heart going back to God reflects a resistance to globalization and a resilience that stems from being marginalized in the process.
US President Donald Trump held a special press conference following the announcement of US annualized quarter-on-quarter growth of 4.1 percent in the second quarter to claim that this was "historic" - by which he meant "historically high." This was a particularly clear case of "fake news" coming from a US president.
Various political parties are gearing up for India's general elections slated for the first half of 2019. Apart from the fierce competition with opposition parties, there are internal conflicts within the incumbent Bharatiya Janata Party (BJP). Opposition parties, notably the Congress party, are anxious to defeat Prime Minister Narendra Modi and his BJP, while Modi's own party members are trying to replace him. It seems that the focus of the struggle is on Modi. So, have his domestic and foreign
In an effort to achieve "world peace," Donald Trump has decided to re-impose "the most biting" sanctions against Iran. The US has urged all its allies to cut off oil deals with Iran, the world's fifth largest oil producer, by zero this November.
This June the EU issued a formal communication following the dispute settlement procedures of the World Trade Organization. The EU is requesting consultations with China relating to Article 64 of the Agreement on Trade-Related Aspects of Intellectual Property Rights. The EU alleges China imposes restrictions on foreign intellectual property rights holders, who, because of restrictions, cannot freely negotiate market–based contractual terms of licensing and other technology-related contracts. The
The past 40 years have witnessed one of the most spectacular changes in history. Not only was China - in its period of reform and opening-up - able to lift more than 800 million people out of poverty, it has also influenced, in a very positive manner, the global economic development.
The development of emerging Asian economies is entering a bottleneck due to the structure of employment. On the surface, boosting employment is the main challenge, but in essence, the existing employment structure is unstable. This jeopardizes sustainable development.
During my recent trip to Japan, a friend told me that the elevators in the building of a Chinese institution in the country had been used for nearly 20 years and never had a malfunction. Maintenance personnel come to inspect and maintain the elevators regularly.
The US administration is said to be gearing up to unleash another "trade bomb" to scare China: increase tariffs on 200 billion US dollars' worth of goods from China from 10 percent to 25 percent, thus igniting chaos and concern in the world market.
The visit to China by Jeremy Hunt, the British Foreign Secretary, has raised hopes that the 'golden age' of China-UK relations, established under former UK Prime Minister David Cameron, will be maintained. During that period Britain sought excellent economic relations with China, took independent steps in foreign policy such as joining the Asian Infrastructure Investment Bank despite US opposition, and minimized provocative attempts to interfere in China's domestic affairs in Hong Kong and elsew
US Secretary of State Mike Pompeo said during the 2018 Australia-United States Ministerial Consultation meetings that he was confident South Pacific countries would choose the US over China, despite the Asian power's move to make economic and strategic advances at small island nations. The remarks have caused concern that the South Pacific region is becoming the stage for new cold-war strategic competition between China and the US.
For a long time, the traditional pattern of development has significantly promoted economic growth and globalization. On the other hand, it has also faced many challenges.