Countries better prepared to respond to the COVID-19 pandemic from a healthcare perspective were less likely to need a strong economic response, which is a link that needed to be acknowledged, an Italian expert said. Antonio Villafranca, research coordinator and co-head of the Italian Institute for International Political Studies' Europe and Global Governance Centre, said when the coronavirus outbreak hit Europe he and his colleagues were asked by European governments to look at economic remedies.
The Asian Infrastructure Investment Bank is expected to engage in more areas beyond infrastructure investment, in order to leverage additional funds from the private sector globally and boost the post-pandemic recovery, analysts said. Green financing and the digital economy are expected to be listed in the development goals of the AIIB, experts told China Daily on Wednesday after the conclusion of the bank's fifth annual meeting.
On July 30, a number of people from many countries in CCTV News believed that the speech delivered by President Xi Jinping at the opening ceremony of the video conference of the Fifth Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) was instructive to the development of the AIIB and expected the AIIB to become a new model of multilateral cooperation to promote common global development. John Ross, a senior fellow of the Chongyang Institute for Financial Studies, Renmin University of China (RDCY), spoke highly of the AIIB, saying that the AIIB has a very important mission and that the increasing membership of the AIIB is a reflection of the willingness and needs of all parties.
China's Ambassador to the US posed a very simple question: "Is the US ready or willing to live with another country with a very different culture, a very different political and economic system ... in peace?" The answer to this question must be that despite the intentions of the US rulers, the people must opt for peace. For the Black liberation and anti-imperialist movement in the US, we are clear - War is a class issue and we say not one drop of blood from the Black working class and poor to defend the capitalist oligarchy.
Imports from the US have made steady progress in recent months, yet joint efforts from firms on both sides are still needed for the phase one trade agreement to overcome the difficulties caused by the COVID-19 pandemic, said a Chinese official. In the first half of the year, China's trade with the US plunged in contrast to the overall upbeat trend in China's foreign trade. Bilateral trade denominated in the yuan dropped 6.6 percent in the first half year-on-year. China's imports from the US were down 1.5 percent to 395.62 billion yuan ($56.49 billion) in January-June, according to China's General Administration of Customs.
China and India are trying to resolve the boundary standoff and ease bilateral tensions through diplomatic and military channels. I recently participated in track-two dialogues aimed at deepening mutual understanding, some of which involved the Indian Ambassador to China. However, based on my observation, the ongoing boundary standoff is a reflection of the underlying problems within the bilateral relationship. There is a big gap between China and India on certain issues which make it difficult for the two sides to reach a consensus.
As China-US tensions escalate with the US hawkish politicians intending to start a new cold war against China, diplomats and scholars from 48 countries gathered Saturday for an online event themed "A new cold war against China is against the interests of humanity." What does a new cold war mean to the world and entire humanity? We selected speech abstracts from seven participants who voice "No." to a new cold war.
On July 25th, an international meeting in Opposition to the US-led New Cold War on China organized by scholars and activists from 48 countries voluntarily was broadcast live on Zoom, Facebook and YouTube simultaneously. The joint statement with 14-language version of "A New Cold War against China is against the interests of humanity" has attracted great attention from the international community. The event brought together 17 well-known scholars and opinion leaders from China, the United States, the United Kingdom, India, Russia, Canada, Venezuela, Brazil and other countries to participate in the speech. John Ross, a senior researcher at Chongyang Institute for Financial Studies, Renmin University of China(RDCY), is one of the initiators of the "No to the New Cold War" initiative.
Despite the de-escalation of border tensions between China and India, New Delhi hasn't stopped its China smear campaign, accusing Beijing of being expansionist. At an all-party meeting on June 19, Indian Prime Minister Narendra Modi said that no one entered Indian territory, nor were Indian posts taken, but he strongly criticized "expansionism" in early July, saying "era of expansionism is over" as he paid a visit to a border military base. This was widely regarded as a message sent to China, though Modi did not mention China specifically.
As leaders, officials and experts meet virtually on Tuesday for a meeting of the 102-member Asian Infrastructure Investment Bank (AIIB), they will likely focus on boosting regional and global cooperation, and highlighting the urgency to stand up to a rising tide of anti-globalization amid profound challenges posed by the COVID-19 pandemic, Chinese experts said on Monday. The meeting also comes as the US increasingly seeks to stir up tension in Asia and beyond. In a speech scheduled for the annual meeting of the China-initiated multilateral investment bank, Chinese President Xi Jinping will also likely reiterate China's unwavering support for inclusive global cooperation and encapsulate China's long-standing guiding principle for foreign policy that is based on mutual respect and benefit, in stark contrast to the US' ideologically driven and inward-looking approach defined by its recent relentless attacks on China, experts noted.
China’s National Bureau of Statistics released a report on July 16 on Q2 economic performance that showed 3.2 percent GDP growth year-on-year, a dramatic rebound from the 6.8 percent decline registered in Q1, thus narrowing the H1 fall to 1.6 percent from a year ago. China’s sharp V-shaped economic upturn serves as a bright lighthouse in a world of economic darkness in which most of the leading economies continue to struggle with the worst recession since the Great Depression of the 1930s. Nicolas Lardy, senior fellow at the Peterson Institute of International Economy, regards it as an important and positive contribution to the world economy.
President Xi Jinping is set to address a key meeting of the Asian Infrastructure Investment Bank on Tuesday at which analysts said he may unveil more policies to support the bank as it helps fund regional and global economic recovery from the COVID-19 pandemic. Xi will speak in Beijing at the opening ceremony of the fifth annual meeting of the Board of Governors of the AIIB, to be held via video link.
Monday marks the start of a 100-day countdown to the third China International Import Expo (CIIE). Experts consider the CIIE an important opportunity for global exporters, as China aims to open its vast consumer market to more foreign businesses, despite rising protectionism and nationalism globally. The third CIIE is scheduled from November 5 to 10 this year. The total planned exhibition area for enterprises at the third CIIE is 360,000 square meters, 60,000 square meters larger than the previous edition, while the average exhibition area for the world's top 500 companies and industry leaders will increase by 14 percent from last year.
Foreign Direct Investment in Pakistan is seeing an uphill trend this year and recorded a 91 percent increase. This was made possible with $855 Million Chinese Investment in various sectors primarily in the energy sector, said Professor Zhou Rong, Senior Fellow of Chongyang Institute for Financial Study of Renmin University. Professor lauded the government’s commitment to facilitate investment under Pakistan Single Window (PSW) to streamline cross-border movement of goods and regulatory bottlenecks by 2022. Moreover, he added that in order to ensure smooth business cooperation, a streamlining regulatory environment is a must.
As a Chinese researcher of the US, I have been searching for the best way to understand the country. I spent some time studying at Purdue University in Indiana, which is a very "American" place. While there, I not only discussed international relations problems with US professors, but also attended local church activities where I listened to ordinary Americans praying and singing songs in praise of God. I still miss that place and those kind and friendly Americans.
On July 25th, an international meeting in Opposition to the US-led New Cold War on China organized by scholars and activists from 48 countries voluntarily was broadcast live on Zoom, Facebook and YouTube simultaneously. The joint statement with 14-language version of "A New Cold War against China is against the interests of humanity" has attracted great attention from the international community. The event brought together 17 well-known scholars and opinion leaders from China, the United States, the United Kingdom, India, Russia, Canada, Venezuela, Brazil and other countries to participate in the speech. As the only Chinese think tank scholar invited to speak, Wang Wen, executive dean of the Chongyang Institute for Financial Studies, Renmin University of China(RDCY), delivered a speech. Here is the full text of the speech.
China's small and medium-sized enterprises (SMEs) hoping to succeed overseas need to improve safety and risk control capabilities by cooperating with local governments and service providers in the COVID-19 era, experts said. This is essential as international trade has been affected in many ways due to the pandemic's impact on supply chains, industrial chains, finance and human capital flow, they said.
The dollar is the weapon. China can’t survive as it does without it. And even if it convinces Iran to sell oil to them in renminbi...do the Iranians even want renminbi? Maybe they can pay in gold bars? On July 20, The Global Times, one of the bigger, English-language voices of the Chinese establishment, wrote what may appear more like a message to its trading partners: the global trend toward "de-dollarization" has already begun, wrote Wang Wen, professor and executive dean of the Chongyang Institute for Financial Studies at Renmin University of China. The last piece of the "load-bearing wall" of the "U.S. Empire State Building" has cracked
With the enforced closure of the Chinese Consulate General in Houston and US State Secretary Mike Pompeo's declaration at the Richard Nixon Presidential Library in California that engagement with China, as we have known it, is now at an end, it is difficult to see how an era of cooperation between the US and China can be soon reestablished. Obviously President Donald Trump, taking a hit in the polls, feels that taking a tough anti-China stance will help him win the next election, and so he is playing into the China-bashing strategy laid out by his secretary of state.
This was the "fundamental choice" for America as posed by China's Ambassador to the U.S., Cui Tiankai, in a recent interview with CNN's Fareed Zakaria. Now Chinese diplomats are being closely monitored in their contacts with U.S. officials at all levels of government. Chinese scholars working and studying in the United States are being hounded and in some cases thrown out of the country on alleged suspicions of "spying" for China. U.S. firms are being encouraged to shun China and a Chinese consulate in the U.S. has been abruptly ordered to shut down.