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Consulate closure to hurt business ties
The abrupt move by the US to order the closure of the Chinese consulate in Houston, Texas could hamper $60 billion worth of trade between the eight US states the consulate covers and China, as well as hundreds of Chinese businesses operating in southern US states, former Chinese diplomats, business leaders and experts said Thursday.
2020-07-24 -
Closing Chinese consulate in Houston jeopardizes trade worth billions
Washington’s order forcing the Chinese Consulate General in Houston to close will likely hamper business ties worth billions of dollars between the eight US states that the consulate serves and China, a former Chinese diplomat in the US said. In what Chinese officials call an “unprecedented” escalation of tensions, the US government has ordered the consulate closed, the Chinese Foreign Ministry confirmed on Wednesday. The consulate, which opened in 1979, serves eight southern US states – Texas, Oklahoma, Louisiana, Arkansas, Alabama, Georgia, Florida and Puerto Rico.
2020-07-24 -
Mixed signals from France on Huawei spark concern
France's reported "hidden" ban on Huawei will not only delay 5G commercialization in the country that could have taken the lead in utilizing next-generation technology, but will increase uncertainties for local telecom operators, which are now struggling amid a severe economic downturn, analysts said. French authorities have told telecom operators planning to buy Huawei 5G equipment that they won't be able to renew licenses for the gear once they expire in 2028, effectively phasing the Chinese firm out of mobile networks, Reuters said.
2020-07-24 -
【RT Interview】Wang Wen: In the next three months, China-US relations will be in high-risk. Trump can do anything for elections..
On July 21, the US suddenly requested China to close the Consulate General in Houston within 3 days, which aroused strong public concern. In response to this, Wang Wen, executive dean of the Chongyang Institute of Finance at Renmin University of China （RDCY）, said in a live interview on Russian TV Today (RT) that the United States is already very crazy with China and has no bottom line.
2020-07-23 -
With COVID-19 deal reached, EU comes out stronger but problems remain
As the EU summit wraps up its marathon sessions in Brussels, leaders of the 27 member states have walked out of the conference with a deal that EU officials call a historical step towards greater integration. While this apparent victory indeed calls for celebration, experts say it should not overshadow the underlying problems that were brought to light during the fractious summit.
2020-07-23 -
India’s 5G solution ‘unlikely’ homegrown: analysts
Indian tycoon, Mukesh Ambani, chairman of Reliance Industries Ltd, announced last week that the company's digital arm Jio has developed a complete homegrown 5G solution "from scratch," the Press Trust of India reported. It is reported that the solution may be ready for field deployment next year, as soon as the 5G spectrum is available. The news has generated some interest in China, the world's leading nation in 5G technology, given India's hostile approach toward Chinese technology firms, including Huawei.
2020-07-21 -
Beijing may target British companies if 10 Downing Street sanctions China
The British government has been urged to make a "smart choice" and not to burn bridges by continuing to provoke China on matters such as Hong Kong, Xinjiang, Huawei and the South China Sea, and dance to the tune of Americans. Otherwise, it will face severe consequences of souring UK-China ties, officials and observers warned.
2020-07-21 -
CPEC construction will not be hindered by COVID-19 pandemic: expert
The construction of the China-Pakistan Economic Corridor (CPEC) will not be decelerated but is instead progressing, a leading Chinese academic on the CPEC told the Global Times after Indian media reported that Chinese personnel working at CPEC projects lodged concerns over virus prevention and control efforts by the Pakistani government.
2020-07-21 -
Zhou Rong: What do 3G, 4G services mean to far-flung areas of Pakistan?
BEIJING, July 20 (China Economic Net) - Pakistani Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has announced that 3G and 4G services will be provided soon to far-flung areas of Balochistan, Khyber-Pakhtunkhwa and Gilgit-Baltistan.Right now the government of Pakistan was committed to promoting the country’s technological capacity to develop a globally competitive IT sector and industry. As the minister put it, the project would meet the objective of providing infrastructure in order to ensure access and connectivity for people, provide broadband services to the locals, improve their life standard, create job opportunities, empower women and so on.
2020-07-21 -
Wang Wen: China confident ‘de-dollarization’ is fast underway amid tense times
A global trend toward "de-dollarization" has already begun. The last piece of "load-bearing wall" of the "US Empire State Building" has cracked, in other words. Global policies for "de-dollarization" include sharply reducing US debt holdings, dropping US dollar's status as an anchor currency, increasing non-dollar bulk commodity trade, growing the reserve of non-dollar currencies, and ramping up gold's hedge against the dollar.
2020-07-21 -
【People's Daily】A systematic summary of the results of the "Belt and Road Initiative"
The book "Belt and Road Encyclopedia", edited by Liu Wei and executive editor Wang Wen, has been published by Chongwen Publishing House. In the form of an encyclopedia, this book systematically summarized and provided the theoretical and practical achievements of the "Belt and Road Initiative"(BRI).
2020-07-21 -
He Weiwen was interviewed by the Beijing Hour on July 17
He Weiwen, senior fellow at the Chongyang Institute for Financial Studies, Renmin University (RDCY), was interviwed by China Plus on July 17 and shared his opinions at 3:15 in the audio about two questions 1. What's your take on China's economic performance so far this year? 2. What can China do to maintain growth momentum amid the ongoing pandemic and other issues?
2020-07-20 -
Hydro projects take CPEC program into full swing: expert
The recently signed agreements in Pakistan for hydropower projects under the China-Pakistan Economic Corridor (CPEC) marked the beginning of a mature new phase for the program, which is under the China-proposed Belt and Road Initiative (BRI), experts told the Global Times on Thursday. The concessional agreement for the 700.7-MW Azad Pattan Hydropower Project was signed last week, a breakthrough for the implementation of the project, according to China Gezhouba Group, the Chinese investor in the project.
2020-07-17 -
US travel ban on CPC members ‘paranoid,’ risks dragging ties to 1972
The Trump administration is reportedly considering banning members of the Communist Party of China (CPC) and their families from traveling to the US, a paranoid and McCarthyist move driven by ideological bias that will drag bilateral ties back to 1972, analysts said. The presidential proclamation, still in draft form, could authorize the US government to revoke the visas of CPC members and their families who are already in the country, leading to their expulsion, The New York Times reported on Wednesday. Members of the People's Liberation Army and executives at state-owned enterprises may also face travel restrictions to the US.
2020-07-17 -
He Weiwen: Will Sanctions on HK Work?
Both the United States House of Representatives and Senate were unusually efficient in passing the Hong Kong Autonomy Act on July 2, just 48 hours after a bill was adopted by Chinese lawmakers to bring order to Hong Kong with respect to national security. The Chinese law, whose passage was followed immediately by an announcement of sanctions by the U.S. Anxious expressions of concern over the so-called loss of autonomy in Hong Kong were made by the United Kingdom and some other governments and politicians in the West.
2020-07-16 -
【RT Interview】Warning! China is not Iraq. China has enough power to make the necessary counterattack against US.
As one of the most important bilateral relations in the current global political structure, the development of Sino US relations has attracted worldwide attention. Today, the U.S. government continues to intervene in the affairs of the Hong Kong Special Administrative Region of China with a tough attitude, which is a manifestation of hegemonism. Please pay attention to Wang Wen, Executive Dean of Chongyang Institute for Financial Studies, Renmin University of China (RDCY), comment on this issue in Russia Today on July 15th.
2020-07-16 -
Lockheed Martin faces China's sanctions over Taiwan deal
China will impose sanctions on US-based arms producer Lockheed Martin, the main contractor of the recertification of its Patriot Advanced Capability-3 (PAC-3) air defense missiles of the island of Taiwan. The sanctions will likely feature the cut-off of material supply including rare earths, which are crucial to advanced weapons production, and business restrictions on Lockheed Martin's suppliers that have business in the Chinese mainland, Chinese aviation industry experts said on Tuesday.
2020-07-16 -
EU’s China measures only ‘symbolic’
In what seemed more like a move to "walk through pressure from the US and the UK," the EU announced on Monday it would take countermeasures against China over the new national security law for Hong Kong. Observers believe members of the bloc, divergent in views and interests, would find it hard to reach consensus in practice. Even if implemented, those measures would only be symbolic, with no significant harm to Beijing.
2020-07-15 -
Beijing announces targeted countermeasures against anti-China US hawks
As Washington has now descended into a "morbid and bottomless" struggle to contain a rising China, Chinese observers noted that the targeted sanctions China announced signals Beijing is fully prepared for the further floundering of China-US ties; and although China hopes for the best that bilateral ties will evolve, China is still preparing for the worst to come.
2020-07-14 -
US faces renewed uncertainty as resurgence of coronavirus hampers recovery for companies, individuals
The US reported a one-day total of more than 60,000 new confirmed COVID-19 cases for four consecutive days as of Sunday. In total, 3,304,942 people had tested positive for COVID-19 in the US as of press time, according to data compiled by Johns Hopkins University. Facing the virus resurgence, a growing number of US cities are pausing plans to reopen, such as Los Angeles, and eight states, including Texas and California, are again re-imposing restrictions. So far, 17 US states have totally reopened.
2020-07-14
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