Substantial progress has been made in the latest round of China-US trade consultations on October 11. The volatile trade dispute which has taken global economic circles by storm over the past year and a half hasn't led to the collapse of the two countries' trading relationship in at least 10 fields. Cooperation in ties hasn't evaporated but rather seems to be strengthening. Enhancing cooperation in these 10 areas will not only be a key to stabilize ties but also an effective way to reverse global pessimism.
Chile witnessed the worst unrest in decades over the weekend where people protested against the high cost of living. The Chilean government responded by declaring a state of emergency and imposing a night curfew. In Santiago, hundreds of troops were deployed on the streets as protesters erected barricades and set buses on fire. Police used tear gas and water cannons to disperse them. More than 300 people were arrested, and 156 police injured, as were 11 civilians, BBC reported. Three people were killed in fire on Sunday in a ransacked supermarket of Santiago during the riot, AFP reported.
The loan prime rate (LPR) for one- and five-year terms in October has remained unchanged from the previous month, according to the People's Bank of China (PBC) on Monday, and analysts said the situation indicates prudent monetary policy. For one-year maturities, the LPR was unchanged from last month's 4.2 percent, and the five-year prime rate stayed flat at 4.85 percent, according to the National Interbank Funding Center, a unit of the central bank, on Monday.
I attended the 7th China-ROK Public Diplomacy Forum held from October 16 to 18 in Incheon, South Korea. The theme of the first session focused on peace and cooperation in Northeast Asia. During the tea break, a member of the South Korean audience walked up to me and asked very inquisitively: "Can you [China] defeat the US?" What he was referring to is the trade war. I replied that first it is not an issue about victory or defeat. Second, China is not trying to defeat the US, which is not capable of vanquishing China.
The two sides should build an all-round cooperation pattern, carry out the construction of a trans-Himalayan connectivity network, and expand exchanges and cooperation in various fields, Xi said. The new relationship, featuring development and prosperity and dubbed a 'trans-Himalaya' friendship, shows that Nepal has realized that China is a significant partner that could help it realize its development prospects, especially economic development.
At "A dialogue between Prof. John J. Mearsheimer and Prof. Wu Xiaoqiu: Will the US and China be falling into 'the tragedy of great power politics?'" organized by Chongyang Institute for Financial Studies, Renmin University of China, on October 15, Mearsheimer and Wu exchanged insights on China's rise, China-US relations with the audience.
We think tank scholars often summarize the lessons of the US decline. A major lesson is that the successful great power of the 21st century must rely not on squeezing others but on its own governance. If in the future, China gets an upper hand on the US in infrastructure, 5G, social security, quality of life, technological innovation and education, Beijing will emerge the obvious winner. But this can't be achieved by tragedies precipitated by military or other conflicts. Hence we need to avoid conflict with the US.
India's new restrictions on academic exchanges with China immediately triggered widespread speculation. Highly vigilant of China's rapid rise, the Indian government has been known for its strict scrutiny of collaborative programs involving Beijing. But still, the new regulations – all Indian educational institutes need a nod from the Ministries of Home and External Affairs before seeking tie-ups with Chinese counterparts – is jaw-dropping for the academic circle.
The 9th Beijing Xiangshan Forum kicked off in Beijing on Monday. Chinese State Councilor and Minister of National Defense Wei Fenghe delivered a keynote speech at the opening ceremony. Wei clarified China's position on a variety of key issues. Minister Wei pointed out that regional affairs should be handled by regional countries. China is gaining an increasing influence in the Asia-Pacific region and has an increasing problem-solving capability regarding regional affairs, including security issues. China believes that regional affairs must be solved by regional members through cooperation and coordination.
Official Chinese customs data for H1 2019 shows that the U.S. was replaced by ASEAN as China’s second largest trading partner. The predominance of Asia and Europe in China’s global trade pattern does not mean that China neglects trade with the U.S. On the contrary, China attaches great importance to a strong, stable, and sustainable trade relationship with the U.S. The early conclusion of an equal and mutually beneficial trade deal will certainly be good for the U.S., for China, and for the whole world.
On October 15, the U.S. House of Representatives passed on a voice vote, the Hong Kong Democracy and Human Rights Act. This legislation would give the right to the U.S. Congress to determine whether or not Hong Kong, a legitimate part of China, has maintained the autonomy granted to it by China's central government under the "One country, Two systems" principle. If they judge that it hasn't, the U.S. will reserve the right to withdraw the status of Hong Kong as a free market.
The US House of Representative is expected to pass the so-called "Hong Kong Human Rights and Democracy Act" on Tuesday (US time), almost the same time with Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor's policy address scheduled for Wednesday morning, which intended to solve underlying problem for the Hong Kong society. Experts said the US wants to make full use of the Hong Kong turmoil to continue pressuring China and to incite anti-government protesters in the city, whose momentum is waning due to endless violence and illegal activities.
South Korean tech giant Samsung reportedly shut down its last mobile phone factory in China in early October, signaling the chaebol's complete withdrawal from the burgeoning smartphone industry in the world's second-largest economy. This is an obvious result of industrial competition between China and South Korea, prompting the warning that intensifying competition between the two countries' industries can't be ignored.
A Shenzhen plan that allows the mercy killing of stray dogs, which are not adopted for more than 14 days, has sparked controversy on whether it is the best way to manage strayed animals. The urban management department of Shenzhen in South China's Guangdong Province issued a notice, soliciting public opinions for a draft decree on dog management, the People's Daily reported on Monday. For dogs that are dangerous and aggressive and those that have not been adopted for more than 14 days, the relevant departments can perform painless euthanasia, the draft said.
Shifting to new environmentally friendly growth drivers has helped set the country on the path to sustainable growth. China has become one of the biggest economies in the world, but the economy is under pressure to adopt a new development model given that environmental issues such as air, water and soil pollution can hit sustainable development. A business-as-usual approach, which involves high energy consumption and high carbon emissions, has become untenable in the wake of global warming. Hence, the transition toward a low-carbon future is inevitable for a responsible stakeholder such as China.
Negotiators say "substantial progress" has been made after two days of trade talks between China and the United States. They discussed agriculture, intellectual property and expanding trade and technology transfers. Chinese President Xi Jinping said a healthy and steady relationship is good for both countries and the world. And U.S. President Donald Trump gave "tremendous credit" to China for the progress in talks. The two sides also agreed to work towards a final agreement.
A man called Muztagata, so goes the tale, always went to distant places to fight enemies, and when he finally came home, he found his wife and nine children, who had been waiting for him to come back, had turned into icebergs. Then Muztagata himself turned into a high mountain to accompany his family and safeguard what is now Bulungkol township, Akto county in Kizilsu Kirgiz Autonomous Prefecture, the westernmost part of China. At the foot of Mount Muztagata, Li Wenjuan, chief of the Communist Party of China (CPC) local township committee in Bulungkol, told me the tale about love, home and country. But to me, the story of Li herself is more touching. The petite 29-year-old woman is as powerful as Muztagata.
What is the first word that comes to your mind when someone talks about China-Africa relationship? Friendship, many Chinese people would say. Yes, China and African countries enjoy a time-honored friendship. More than 600 years ago, Chinese navigator Zheng He made seven trips to the Western Ocean, four trips to Africa. Moreover, at the Bandung Conference in 1955, then Chinese premier Zhou Enlai shook hands with the African leaders for the first time. By the beginning of this century, the establishment of the Forum on China-Africa Cooperation had opened a new door of friendship between China and Africa.