Monday’s meeting in Rome between senior Chinese and US officials was constructive despite their tense ties, and it helped overcome doubts and avoid miscalculations and was important in order to maintain global cooperation in tackling hot spot issues, observers said.
The Biden administration made a carefully orchestrated gamble this week, issuing a series of public and private threats to Beijing that it will face consequences if it supports Russia's invasion of Ukraine.
In what Chinese industry insiders compared to as a "fireside chats," China's top financial affairs watchdog pledged to bolster steady economic growth and capital markets in a meeting convened on Wednesday. The meeting had sent a fresh signal that the world's second-largest economy will not pull punches in shoring up its economy for the year despite the downward pressure.
Chinese stocks made a spectacular reversal across the board on Wednesday, as China's top financial oversight body breathed key threads of hope into the market, casting away the clouds over notably US-traded Chinese firms that have taken a battering from US securities regulatory roughening.
On Monday, Hong Kong's benchmark Hang Seng Index fell 5 percent to its lowest closing level since March 2016, while the Hang Seng Technology Index sank 11 percent, the biggest one-day drop since the index went live in July 2020. In the US, the Nasdaq Golden Dragon China Index fell for a third straight session, dropping 12 percent. On Tuesday, Chinese stocks plunged.
India is reportedly planning to buy Russian oil at discounted prices and even considering the Chinese yuan as a reference currency in an India-Russia payment settlement mechanism, a move that Chinese analysts say represents the growing frustration among world economies over the US-led sanctions against Russia that have rattled global markets.
Yuri Tavrovsky, a renowned Russian Sinologist who has visited China many times and has written many reports on the Belt and Road Initiative, said that President Xi is a leader who provides inspiration and long-term goals to his people and designs the path to achieving those goals. "He plays a role recognized by all the members of the CPC and the Chinese people," Tavrovsky added.
Asked in Washington last month whether the United States is urging China to isolate Russia after Moscow launched its "demilitarization and denazification operation" in Ukraine, US President Joe Biden said, "I am not prepared to comment on that at the moment."
India is reportedly planning to buy Russian oil at discounted prices and even considering the Chinese yuan as a reference currency in an India-Russia payment settlement mechanism, a move that Chinese analysts say represents the growing frustration among world economies over the US-led sanctions against Russia that have rattled global markets.
China recently encouraged European countries to establish an indivisible, sustainable, effective and balanced security mechanism on different diplomatic occasions, with analysts saying that since the Ukraine crisis has brought serious damage to the security of Europe, the relevant parties need to realize that it is the US, an external superpower, that manipulates the security situation in Europe, and benefits the most, while the EU, Russia and Ukraine have all paid a heavy price under the current unbalanced and ineffective security mechanism.
Editor's note: Beijing 2022 Winter Olympic and Paralympic Games were not only "safe, simple and splendid", as the organizers had promised, but also an inspiring sports gala that will attract more and more people across the country to take up winter sports, which in turn will help boost the sports and tourism industries. What influence will the Winter Games have on the world? Three experts share their views on the issue with China Daily.
At a press conference on March 11, Chinese Premier Li Keqiang used some vivid expressions, analogies and references to idiomatic phrases to explain economic policies and the direction forward. He referred to the economic growth target as the "benchmark," used an analogy of "mountain climbing" to explain economic challenges, and at one point even referred to the "iron rooster" – an idiomatic reference to a tightfisted person – to stress the importance of frugality. Let's have a look at how some of these buzzwords shed light on the way forward.
China's top diplomat Yang Jiechi met US National Security Advisor Jake Sullivan in the Italian capital of Rome Monday to exchange views on China-US relations and other international and regional issues of common concern.
Four days after the Beijing Winter Olympics closed, Russian President Vladimir Putin launched an abrupt attack on Ukraine in an attempt to prevent it from joining NATO. While he is perceived by some at home as a national hero, Putin has also triggered disputes internationally for what he did.
Let us travel back to 1991. The implosion of the Soviet Union. The end of the Cold War. The triumph of the United States. The implosion was greeted by the West as offering boundless opportunities. Anything was now possible. The world could be remade in the West's own image. The constraints of the previous four decades disappeared. There was much talk of a New World Order. This was the unipolar moment: America had no rivals, it bestrode the world stage, it was no longer subject to the forces of gravity. Actually, if truth be told, it was a dangerous moment for America. Hubris went to its head, world domination beckoned. We can date the beginning of America's rapid decline, now so rampant and obvious, from this moment.
Azerbaijan’s Baku city could be an ideal place for negotiations between the presidents of Russia and Ukraine, Kyrgyz politician Djoomart Otorbaev said in an interview with Trend.
While memories across the globe remain scarred by the humanitarian disaster in Syria, another humanitarian crisis is looming in Afghanistan where the nation is devastated by widespread hunger and collapsing healthcare. Only 2 per cent of the population have enough food, as was revealed by the World Food Programme under the auspices of the United Nations. Over 3 million children are grappling with malnutrition problems, while one million are expected to die from starvation.
Democracy is not an ornament, it is not used as a decoration, but it is used to solve the problems that the people need to solve. The Chinese Communist Party has put forward the grand idea of whole-process people's democracy. The two sessions have become an important window for the international community to observe China's people-centered practice of people's democracy in the whole process.
Editor's note: William Jones is the former White House correspondent for Executive Intelligence Review and a non-resident Fellow of the Chongyang Institute for Financial Studies, Renmin University of China. The article reflects the author's opinions, and not necessarily those of CGTN.
The US and EU have different interests in Ukraine and are visibly seen from the actions on the ground and statements by the political leadership. The US seems to prolong the war but not to further escalate to engulf the other neighboring nations. The reason for prolonging the war is to make Russia bleed and keep it engaged. The US is supporting Ukraine for guerrilla warfare and war of resistance, not for victory. The US has suffered a lot in prolonged wars in Vietnam, Afghanistan, etc., and wanted Russia to meet the same fate. The US is not sincerely making any concrete effort for a ceasefire or full support to Ukraine to win the war.