The sudden US Federal Reserve rate cut of 50 base points on March 3 was exceptional by any standard. It was not decided at its regular board meeting as the next one will be two weeks later. The urgent action was triggered only by Wall Street crash last week and the extreme pressure from President Donald Trump. FED rate cut shows little help to the fast spread of COVID-19 in US and even mislead the stock market. US President Trump’s effort may be a disaster to US future economy.
To observe a development model, one should look at not only its vision for the future, but also its inclusiveness and flexibility. The sustainability of a development model often lies in its openness and inclusiveness. Successful reform depends not only on local culture and traditions, but also on whether it can adapt to changes amid global competition. This may help us understand why the Trump administration is considering using a national disaster program to pay for treatment of uninsured patients infected with the coronavirus.
The coronavirus outbreak was a test of the effectiveness of the Chinese Government, so also will the coronavirus be a test of the US system of governance. And problems have already emerged. The initial batch of 200 virus test kits that the CDC had sent to labs were defective. The CDC had also restricted the target groups for testing to those who had recently traveled to China or their contacts. As a result, some people in California and Washington state who had some symptoms, didn't meet the CDC criteria for testing and weren't tested, and one of them has died.
The US Department of State announced Monday that Beijing’s state media entities operating in the US will be subjected to a 100-employee cap, restricting the organizations’ ability to produce content in the US and, as one expert tells Sputnik, the right to free speech.John Ross, a senior fellow at Chongyang Institute, Renmin University of China, and an award-winning resident columnist with several Chinese media organizations, joined Radio Sputnik’s Loud and Clear to discuss the Trump administration’s recent decision and give his opinion on why it came about.
Stung by the severity of the novel coronavirus pneumonia (COVID-19) outbreak, the Chinese government plans to bring in a biosecurity law and establish a legal system to secure national biosecurity by setting up a dedicated force of medical personnel trained in handling epidemics.
I do wish US elites would be more empathetic and far less hypocritical. They need to stop applying a double standard over the virtues of democracy, freedom and human rights which they have always respected. In the face of disasters, pandemics, and climate changes, no country or family can survive on its own - China, the US, and all other countries need to join hands and stop focusing only on their self-interests.
Since the second half of February, the novel coronavirus has been contained in China for the time being; however, it has spread across the world. The world is on high alert; the US stock market has plummeted and global markets are in a state of panic. The epidemic has spiralled out of control in Japan and South Korea, and lockdown measures have been imposed in European cities, increasing the likelihood of a global geopolitical crisis.
The US and the West have turned a blind eye to India's discriminatory policies and legislation. The brutal conflict that took place during Trump's trip to India should have attracted attention from the US and the West, but they stayed silent only because India is labeled a democracy. Asked by reporters, Trump said the protests were India's internal issue.
China's stock market staged a strong rebound from Friday's massive sell-offs on Monday, which experts said could herald global markets' recovery following last week's rout on rising COVID-19 epidemic fears. The experts predict that China's equities market, supported by the country's strong economic fundaments, may in the coming months act as a global capital market stabilizer.
Now with the emergence of COVID-19 in countries outside of China, including in the United States (and perhaps with its source somewhere other than the Wuhan seafood market), the neo-cons are taking another tack and demanding the creation of new supply chains for medicines and pharmaceuticals, most of which the U.S. imports from China. Using this dependence, that economic gadfly in the Trump administration Peter Navarro, is now calling for the United States to produce what it needs in this area domestically, all in the name of "national security."
The Covid-19 epidemic is not the first biological threat to humans and will not be the last. There have been several epidemics since the beginning of 21st century, although the West has mostly has managed to avoid the worst, but it does not mean that an epidemic will never seriously trouble those parts of the world. Biological threats are every country's problem, not only those that are most badly challenged by the emergence of a serious public health threat.
China's response to the COVID-19 is different to the response to the SARS outbreak. It is an uninvited test of political maturity. And yet, it has been greeted with border closures and racism despite the WHO saying these measures are both unnecessary and counterproductive. The China response stands in stark contrast to H1N1 swine flu which originated in the borderlands of the United States and Mexico, infecting more than 1,600,000 people in 214 countries with a 17 percent mortality rate leading to more than 284,000 deaths.
At this critical time in fighting the coronavirus, I would like to express my genuine and deep sympathy for the people of China, and to pray for final victory over the deadly disease. So many innocent people have lost their lives; so many families have lost their loved ones.
As the epidemic escalates, global coordination and cooperation become more important. On the one hand, the role of the World Health Organization (WHO) and the UN agencies needs to be given full play. On the other hand, countries must step up the alignment of economic policies. Protectionism is not a good way to revitalize the economy, nor is it good for fighting the epidemic.
The world is watching how China is handling COVID-19. The experience with the coronavirus demonstrates to the world the level of mastery of that Chinese government and corporations attained with emerging technologies.
The COVID-19 outbreak has become a common concern for the international community. China has taken appropriate measures in time, conduct and function against the epidemic, and the Chinese authorities have been praised by scientists worldwide, including the WHO, for their responsible, effective and transparent response.
A few days later it was officially announced that the coronavirus hit Europe in unexpected places in northern Italy. This is no longer a matter of an individual case but a beginning of an epidemic. Stories about the COVID-19 are now dominating the media in Europe.
Since reform and opening-up began in 1978, China's interaction with the outside world has accelerated and China's development has become increasingly fascinating and has attracted many foreigners to study, work and live in China. Many of them have achieved their own dreams with the help of China's fast development, and in return many have contributed to the country's development. Their relations with Chinese people are now like those of close neighbors. Many of these foreigners regard China as their home or at least their second hometown.
The world has become complacent to the emergence of new viruses, relying on advancement in science and medicine, and wrongly believing that there will be a cure for every illness.
The world has become complacent to the emergence of new viruses, relying on advancement in science and medicine, and wrongly believing that there will be a cure for every illness.