Where is the balance between Economy and Pandemic? The Answer is NO! There is no Balance in between. Then Who is pushing US and Europe to reopen economy? John Ross, senior fellow of Chongyang Institute for Financial Studies at Renmin University of China, is here to explain the situation.
Contrary to the general expectation, Premier Li Keqiang’s The Government Work Report at the opening session of NPC on May 22 does not set a GDP growth rate target for 2020, the first time since China’s reform and opening-up. It is a practical and reasonable consideration due to the unprecedented outbreak of COVID-19 which brought China’s economy to a halt for over two months, and a caution on the tremendous uncertainties brought by the worldwide rampant virus spread and the worst recession since the Great Depression in the 1930s.
China's decision not to set a GDP growth target this year does not mean it has attached less importance to economic growth, but instead shows the authorities are paying greater attention to high-quality development, economists said after Premier Li Keqiang delivered the Government Work Report to the opening of the third session of the 13th National People's Congress on Friday.
On March 2, when fewer than 100 confirmed cases of COVID-19 hit this North American country, in my column, I predicted there would be "a large-scale coronavirus outbreak in the US." Recently my role flipped: While the majority felt pessimistic, I became an optimistic.
As the Ministry of Commerce noted recently, with the Chinese market further opening up to foreign investment, the commitment to fully implement the new Foreign Investment Law, enacted in January, will prove critical. Given the attempts of the United States president and other leaders to blame China for the US administration's lackadaisical response to the novel coronavirus pandemic, Washington will pressure American (and perhaps European) enterprises to "disinvest" from China for alleged "national security" reasons.
Chinese State Councilor and Foreign Minister Wang Yi takes questions from reporters at a news conference on May 24 in Beijing. The news briefing is on the sidelines as China's top political advisory body, the Chinese People's Political Consultative Conference National Committee, and the top legislature, the National People's Congress, gather for annual sessions.
The Wechat official account of Chongyang Institute for Financial Studies at Renmin University of China (RDCY) reprinted an article entitled "Never underestimate awakening of Chinese people" in Chinese and English edition writtern by Wang Wen, executive dean of RDCY, which originally published in the column “Wang Wen on Changing World” in Global Times (English edition) on Tuesday.
As President Donald Trump said the United States started to develop a candidate for the first COVID-19 vaccine on Jan 11, experts questioned the administration's handling of the crisis even though it had early knowledge of the impending pandemic.
A Briton who was evacuated from Wuhan claimed that he regretted, that the situation in Wuhan, China is now way better than UK, USA and most of the countries. John Ross, Senior Fellow of Chiongyang Institute for Financial Studies at Renmin University of China, summarizes the statistics of infection and death toll around the world in this video.
The novel coronavirus once allows us again to see the fragility of human beings. It is not a shame to admit we are still so weak and still struggle for survival in the earth. But it is unthinkable that human beings so easily forget history lessons why we need to work together to defeat our common threat, writes Wang Wen, Executive Dean of Chongyang Institute for Financial Studies (RDCY), Deputy Dean of Silk Road School, Renmin University of China.
One of the most closely watched aspects of China's two sessions each year is the release of the official target for GDP growth, a reliable indicator of where the world's second-largest economy is headed.
Relations between the WHO and the US have soured after Trump accused the global health body of mismanaging the pandemic and for being "China-centric". Trump has also ordered US funding to the WHO to be halted. The moves have been widely viewed as a way of deflecting attention from the US government's poor handling of the pandemic at home.
I live in Wangjing, a quite internationalized area in Beijing. Many Fortune 500 companies are headquartered there, and 10 percent of the around 600,000 residents are expats. Every weekend, I take walks in Wangjing's many parks to exercise and watch the changes in the city.
The year 2020 is regarded as a critical year for China-EU relations. How will the COVID-19 pandemic affect Europe's overall position on China? How can China and the EU work together to help the world overcome the challenge? Global Times (GT) reporter Li Qingqing interviewed Professor Danilo Türk (Türk), former president of the Republic of Slovenia from 2007 to 2012 and a senior visiting fellow at the Chongyang Institute for Financial Studies, Renmin University of China, on these issues.
Many international observers have been shocked when they look at the US and see, in the midst of the greatest pandemic since last century, dumbfounding acts: university students romping on the beaches, demonstrators at state capitols without masks demanding an end to quarantine measures, and fake social media campaigns warning about the dangers of being vaccinated. Is this a society gone mad and plunging toward its own destruction?
The coronavirus pandemic has spooked the global financial markets and created a skyrocketing demand for the U.S. dollar as investors rush to safety. Some consider the dollar's reserve currency status was reaffirmed as the U.S. Federal Reserve embarked on large scale currency swaps to provide liquidity to central banks around the world, while others think the other way.
The fundamental commitment of the authorities was to save as many lives as possible, and compared to the lives lost in the fight with the virus in other countries, not least of all, in the US, the cost for China in human life, while tragic, was far less. As the virus began to hit other countries, the "Wuhan model" became the paradigm. And as the fight subsided in China, Chinese teams were sent to other countries to aid them with equipment and with sound advice on combating the spread.
If China didn't start the conflict with America, Wang Wen think that the world will become worse and worse.
Faced with COVID-19’s onslaught, not one single life will be saved in any country by propaganda, politicization of the crisis or similar diversions. On the contrary, many lives are lost as a result of these – because they obstruct the necessary lessons to fight the virus’s attack. As bluffing will not stop the coronavirus, only correct actions will, it is therefore vital every country learns lessons from China’s successful handling of this crisis.
Many international observers have been shocked when they look at the United States and see, in the midst of the greatest pandemic in the century, college kids romping on the beaches, or demonstrators at state capitols without masks demanding an end to quarantine, or internet campaigns warning about the dangers of being vaccinated.