As the American people prepare to celebrate Independence Day on July 4, the increased spread of the coronavirus throughout the country will cast a dark shadow over the celebrations, whatever reduced form they may take this year. While there may have been some hope in the early spring that a certain amount of normalcy would have returned to the country by July, the abortive attempt to "reopen" the country before COVID was under control, and without the necessary warnings of maintaining a modicum of protection, such as social distancing, masks, etc., has led to a resurgence of the epidemic in those reopened states.
More than 200 million people are at risk of unemployment as human civilization faces a new world war in the form of COVID-19 that can only be stopped by global cooperation, a Chinese expert has told symposium in Abu Dhabi. Dr. Wang Wen, executive dean of Chongyang Institute for Financial Studies, and vice president of Silk Road School at Renmin University of China (RUC), said there is a significant risk of conflict because of social breakdown and instability.
The recovery of the Chinese economy from the COVID-19 pandemic has entered a new stage as boosting market demand has replaced supply-side support as the top policy priority. As the government pushes business resumption and policy assistance to help market entities overcome difficulties, China's economy has rebounded at a faster-than-expected speed from the impact of the novel coronavirus contagion.
The Galwan Valley border clash was an unfortunate incident. Liu Zongyi, secretary-general of the South Asia and China Center of the Shanghai Institutes for International Studies, argues that a repeat is inevitable if Delhi cannot shake off the specter of Nehru, originator of the “offensive defense” border policy, and reconsider its relations with Beijing.
Law-abiding businesses won't hesitate to welcome the newly adopted national security legislation for Hong Kong, as a stable political environment is conducive to their business operations, local companies and market analysts said. The city has been scarred in 2019 by social unrest, seriously damaging its business climate, while the new law, which took force on the eve of the 23rd anniversary of Hong Kong's return to the mother land on Wednesday, breathes much-anticipated new life into wide-ranging businesses traumatized by the year of tumult.
Actually facing this unknown, unexpected disease, China launched a very big battle to COVID-19 for five months and control basically COVID-19 spreading since the end of the February. But the problem is that in the past four months, there are no infections in most parts of China. But most of people who live in China still wear masks to prevent the transmission of COVID-19. On June 15th, Beijing, my living city, the capital of China, reported new domestically transmitted COVID-19 cases, there are about 10 daily new confirmed cases now, since the middle of this month. And this further makes us realize that the pandemic is turning into a protracted war. No one can relax. Even, as you may know, in China totally in the last five months only below 9000 cases.
Analysts said that the Indian government's ban on 59 apps developed by Chinese companies will hurt India's technology and internet start-ups as they lose Chinese investment. On Monday, India announced it would ban the apps over national security concerns. "The compilation of these data, its mining and profiling by elements hostile to national security and defense of India, which ultimately impinges upon the sovereignty and integrity of India, is a matter of very deep and immediate concern which requires emergency measures," read the statement, which came after the latest standoff between China and India.
Editor's Note: Wang Wen, the Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), interviewed by Russia's top international media "Russia Today" (RT) and shared his opinions on National Security Law on June 30,2020. The following is the full text of the interview.
In their latest move, U.S. National Security Adviser Robert O'Brien, and Secretary of State Mike Pompeo attacked China's domestic and foreign policies as well as its political system in harsh, unmerited rhetoric. In the coming weeks, U.S. Attorney General William Barr and several senior Trump administration officials, are also expected to deliver tough speeches on China, to highlight the so-called "China threat" in trade, technology and ideology.
When the novel coronavirus broke out about five months ago, people thought the virus would be something like SARS - a terrifying infectious disease that hit them hard in 2003. It was unthinkable for almost everyone that COVID-19 would become such a severe pandemic. As of press time, there have been over 10 million confirmed cases of COVID-19 around the world with more than 501,000 deaths. As a comparison, a total of 8,098 people worldwide became sick with SARS during the 2003 outbreak, and 774 of them died. Moreover, due to some countries' loose handling of COVID-19, the downward inflection point in terms of worldwide cases has yet to come.
Profits of China's major industrial firms rose 6 percent year on year to 582.3 billion yuan (82.28 billion U.S. dollars) in May due to the easing of cost pressures on producers and gradual recovery of market demand, data from the National Bureau of Statistics (NBS) showed Sunday. Liu Zhiqin, a senior fellow at Chongyang Institute for Financial Studies, Renmin University, interviwed by Biz Today and shared his opinion.
US scholars proposed the concepts of “G2” and “Chimerica” a decade ago. At present, the total GDP of China and the United States exceeds 40% of the world’s total, their combined military expenditures exceed 45% of related global spending, and they account for more than 65% of the world’s R&D investment. According to the assumptions of those US scholars, a pattern of G2 or polarisation has already emerged. But the fact is that the Chinese government and the nation’s academic circles have not yet affirmed the emergence of a G2, and are even more reluctant to move towards a polarised global paradigm with the United States.
India has reportedly reset the rules of engagement with Chinese troops along the China-India border. The Indian Army gave their troops "complete freedom of action" to handle situations. More specifically, they are permitted to do this with "any aggression by China" at the tactical level. Field commanders will also be allowed to use firearms in "extraordinary" circumstances on the Line of Actual Control, according to Indian media reports.
He Yafei, a former Chinese viceminister of foreign affairs, outlined several key points that should be put on top of the security threat list for the Asia-Pacific region. Any possible deterioration of tension among major powers needs to be prevented because it could lead to military confrontation, he said, suggesting that crisis management or dialogue within a consultation mechanism to deal with crises has to be put in place.
Hearings on Huawei chief financial officer Meng Wanzhou's extradition case will be extended to April 2021, the British Columbia Supreme Court said Tuesday, igniting vehement indignation among Chinese public, who claim the prolonged schedule further testifies Canada's role in Meng's being politically caught and trapped in Canada, which acts as an accomplice of the current US government.
Experts said Indian side boasting about their country having made dual preparations for military and diplomacy with China blindly optimistic, because they refuse to acknowledge the gap between India's weaponry, deployment and equipment and those of China and India's initial border provocations have squeezed its bargaining room in talks with China.Indian military also reportedly would give Indian troop deployed at border the freedom to use firearms under "extraordinary circumstances", which seriously adds to the mistrust between the two sides.
How should the world respond to the COVID-19 pandemic? How can we stabilize the global economy? Danilo Türk, former President of Slovenia and a non-resident senior fellow at the Chongyang Institute for Financial Studies at Renmin University of China, shares his views on the issue.
India is reportedly putting some containers from China on hold during clearance for all-round inspection and scrutiny amid the recent stand-off between the two nations, following a fatal border clash. It is a stupid choice which will backfire and hurt global industrial chains, a Chinese expert said.The latest commander-level bilateral talks have eased tensions between the two countries, and India, after a deadly provocation, realized it was not wise for the country, Long said. He thinks the scenario will not last long due to India’s huge economic costs
Commander-level talks between Chinese and Indian border troops were held on Monday. It was the first such meeting following the Galwan Valley deadly brawl on June 15. The dialogue is significant as the two sides are able to understand each other's bottom line better, amid the border tensions. The last round of bilateral commander-level talks was held on June 6. By then, both sides agreed to avoid escalating their disputes, to work together to uphold peace and tranquility along the border, and to create a favorable atmosphere for the sound and stable development of bilateral relations. Reports show both China and India agreed to disengage their troops in sensitive areas.
The Chinese Embassy in Canada slammed Canadian media for misrepresenting statements made by Michael Kovrig's wife as those of a Chinese spokesperson, and for claiming China had linked Meng Wanzhou's case to those of Michael Kovrig and Michael Spavor. A Chinese Foreign Ministry spokesperson quoted statements by Kovrig's wife in his remarks on June 24, but Canadian media deliberately reported these remarks as a spokesperson's statement, and claimed China had linked Meng's case to those of Kovrig and Spavor, the Chinese Embassy in Canada said in a statement on Saturday.