Djoomart Otorbaev: What will happen with Russian state budget facing negative oil export price?

When on March 8, after Russia declined to approve OPEC's proposal to cut production by an additional 1.5 million barrels, on top of the previous 1.7 million barrels agreed upon in December, the crude oil prices plummeted. Obvious explanation was that two shock factors knocked down the prices - a catastrophic drop in oil demand due to the spread of coronavirus and a price war between Russia and Saudi Arabia.

Liu Zhiqin: Country's strengths key to global stability

As the COVID-19 outbreak sweeps across the globe and causes severe economic damage, whether China－so far the only major economy that has largely brought the disease under control－can manage a brisk recovery concerns not only the country itself, but the entire world.

Chinese scholars' appeal for China, US joining hands in COVID-19 fight must be heard: Diplomat magazine editor

Nearly 100 former US officials and scholars issued a joint statement on April 3, calling for cooperation between China and the US in fighting against COVID-19. On April 2, 100 Chinese scholars published an open letter to the US in The Diplomat magazine, calling for global solidarity and cooperation against politicizing and stigmatizing the epidemic.

Zhao Minghao: The Doctors Are Joining Hands

With the total of confirmed coronavirus infections surpassing 300,000 worldwide, panic has set in. United Nations Secretary-General Antonio Guterres has warned that humanity may be facing a crisis not seen in 75 years. Especially worrisome is that a great number of patients are dying because they can’t receive timely treatment, even in advanced countries, such as Italy.

An Open Letter to the People of the United States From 100 Chinese Scholars

An Open Letter to the People of the United States From 100 Chinese Scholars. 100 Chinese scholars share their views with American friends. They represent diverse academic fields including philosophy, political science, economics, medicine, international relations, sociology, law, communication, military science, and technology.

An Open Letter to the People of the United States From 100 Chinese Scholars

Ong Tee Keat: Covid19 Outbreak --- A Test to Global Governance

On March 11th, 2020, Robert Redfield, the director of US Center for Disease Control &Prevention (CDC), dropped a proverbial bombshell when he testified to the US Congress admitting that numerous virus deaths might have been miscategorized as flu. This belated admission of misdiagnosis has further lent credence to the earlier speculation that many pulmonary fibrosis cases, which resulted in deaths due to patients' inability to breathe, might in fact have been caused by coronavirus.

He Weiwen: China-U.S. trade ties face new challenges amid COVID-19 pandemic

The unprecedented COVID-19 pandemic is changing the world at a rapid pace. Shortly after China encountered the outbreak, the rest of the world is under the influence of the rampantly spreading virus, with total cases excluding China surpassing 777,000 as of March 31.

John Ross: Human life must trump economics in a pandemic.

The pandemic has a clear global course. Despite the coronavirus outbreak beginning in China, Beijing has brought it rapidly under control – the number of domestically transmitted cases was reduced to virtually zero by the end of March. In the US and Western Europe, on the contrary, the number of cases is rising vertiginously with no peak in sight.

Experts call for int'l cooperation, coordination to offset economic impact of COVID-19

At a think tank webinar held Monday, international experts called for countries across the world to cooperate and coordinate their actions to counteract the economic fallout of the coronavirus pandemic that has affected the lives of millions of people.

Wang Yiwei: China’s anti-virus aid out of goodwill, responsibility, not atonement

China's behavior throughout the outbreak has demonstrated that it takes its international responsibilities seriously, as is commensurate with its status and with Chinese traditions. It is in no way some kind of "atonement" for some "crime" which the country has never committed.

Wang Wen: COVID-19 blunders signal end of ‘American Century’

For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.

Global Think Tanks are taking action to cheer for the anti-epidemic War

Think Tanks React campaign was published by ISPI Think Tank. It is show that a wave of solidarity among the Think Tank community to show how strong and united we are, even in dark times!

Wang Wen: COVID-19 blunders signal end of ‘American Century’

For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.

Wang Wen: COVID-19 blunders signal end of ‘American Century’

For most people it's unfathomable that the fight against the COVID-19 pandemic is the first global event that hasn't been led by the US since 1941. In 1941, the US was a leader in the worldwide antifascist war. During this current global fight against an invisible enemy, the US is hardly able to protect itself. The US should have been much better prepared for the outbreak considering the coronavirus came to its shores after it had rampaged through China, Japan, South Korea, Iran, Italy, France, Germany and Britain.

William Jones: G20 Teleconference Creates New Opportunities

The Chinese word for “crisis” is composed of two characters that respectively signify “danger” and “opportunity.” The coronavirus pandemic has indeed alerted the world to the “danger” lurking amongst us. But the G20 Extraordinary Leaders’ Summit on COVID-19 of March 26 represented a real "opportunity” to advance a coordinated global response to the outbreak, and to create also a new paradigm for humankind to overcome the drawbacks and dangers implied by the prevailing geopolitical status quo.

Stimuli to protect against contagion

China may begin to carry out newly announced economic stimulus measures as soon as April to help shore up domestic demand and achieve economic development goals, economists said on Sunday.

COVID-19 road to recovery: What we need to learn from China

Restore, repair, revive, resuscitate or remodel? These 5Rs define business investment decisions and are a precondition for the big R: Recovery. Examination of China's economic and business response provides clues as to how local businesses may survive, and which businesses are better investments at current sell-down prices. Western economies can and must learn from China's experience.

Fed's currency swap deal threat to global financial order

"The recent market meltdown on Wall Street has implied underlying problems of the US economy, such as the distorted relationship between the stock market, the central bank and the government", Liu said. Yet the US economic fundamentals, underpinned by the three pillars of military, technology, and pharmaceutical industries, are still solid despite the recent market slump.

US feared as next epicenter

Experts warned that the US medical system may collapse if millions of patients flood hospitals due to a serious lack of beds, ventilators and medical staff. Experts cited slow government response and low detection rate for rapidly expanding infections in the US, urging the US government to launch more strict quarantine policies and pay more attention to rural areas, where medical conditions are comparatively poor.