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Nation needs to prepare for all possible trade scenarios
China should continue to prepare for all scenarios in future trade talks with the US while ramping up efforts to resolve disputes between the world's two largest economies, Chinese observers told the Global Times on Sunday. US President Donald Trump told reporters Friday (US time) that the two sides were close to ending the trade war."There was a lot of friction between the United States and China, and now it's a lovefest. That's a good thing," Trump said, according to a Reuters report. Trump said it could take up to five weeks to get a pact written, noted the report.
2019-10-14 -
Long Xingchun: Xi’s India and Nepal visits bring trilateral ties in focus
Chinese President Xi Jinping's informal meeting with Indian Prime Minister Narendra Modi has made waves with bilateral ties getting a fillip amid a new warmth pervading the relationship. Xi's ensuing visit to India's northern neighbor Nepal is the first by a Chinese president in 23 years and has lifted the bilateral relations to a new level. Since the two countries established diplomatic ties in 1955, China and Nepal have maintained good relations.
2019-10-14 -
NBA controversy highlights China's red line on sovereignty
The controversy that the National Basketball Association has found itself in goes to the heart of China's red line on sovereignty. "You have to understand what is really happening in Hong Kong in order to understand the reaction inside China," said John Ross, senior fellow at the Chongyang Institute for Financial Studies of Renmin University of China, in an interview last week on By Any Means Necessary, a program of Russia's Radio Sputnik.
2019-10-14 -
Uncertainty remains ahead of China-US trade talks
China's trade delegation, led by Vice Premier Liu He, will depart for the US on Tuesday for another round of high-stakes trade talks amid the ongoing trade war between the world's two largest economies. The 13th round of negotiations is subject to greater uncertainty, sources close to the matter told the Global Times. The biggest lies in whether Washington will postpone tariff hikes due on October 15, shortly after the talks conclude. Postponed from October 1, the US is due to levy additional tariffs on $250 billion of Chinese goods.
2019-10-12 -
Kathmandu all set for President Xi’s visit
Nepalese people and officials are prepared and thrilled for the upcoming visit by Chinese President Xi Jinping, and hope the visit starting Saturday will lift bilateral ties and enhance exchanges in infrastructure, tourism and culture. hile travelling around Kathmandu, the capital city, the Global Times found that welcome banners saying "Long Live Nepal-China Friendship" and "Warm Welcome to Our Distinguished Chinese Guests" lined the city's main streets.
2019-10-12 -
Finance veterans fill local govt roles
Provincial governments in China are striving to attract veteran financial services executives to take vice-governor positions, a move that observers said would combat systemic financial risks and help the financial industry serve the real economy.There are 15 provincial vice-governors with long-term experience in the financial services sector including state-owned banks, joint-stock banks as well as regulatory bodies such as the People's Bank of China (PBC), the central bank, and the China Banking and Insurance Regulatory Commission, the 21st Century Business Herald reported Thursday.
2019-10-12 -
The Confucius Institute in the eyes of a President
Recent news about the proposed closure of a number of Confucius Institutes in the U.S. and Australia carries an unpleasant scent of a negative political attitude towards China. This change of attitude deserves attention and concern. For years now the Confucius institutes have played a very useful role of providing opportunities for learning Chinese, for cultural exchanges and general communication with China, much needed in our time.
2019-10-11 -
Ask China: Is China's rise a threat to the world?
Do you think China is a threat to the world? Western scholars and media have said "yes" to the question, as they track China's rise as a global power in world economy and international affairs. In 2018, U.S. Vice President Mike Pence said China "has chosen economic aggression" and has in turn "emboldened its growing military.” Netizens also expressed their concern online, as they see China as a threat in two main areas: its economic influence and its expanding military power.
2019-10-11 -
William Jones: Global competitiveness report a wake-up call on the economy
It was a rather gloomy picture presented in this year's Global Competitiveness Report issued by the World Economic Forum. The report is said to be an indicator of how close an economy is to the "frontier" of competitiveness in the various areas of the economy. While the definition of "competitiveness" is somewhat elusive, and perhaps rather subjective, it does include as a basic element the notion of productivity increases, and in that sense has a real basis in reality.
2019-10-11 -
Industry urges more measures to end violence as Hong Kong stock turnover slips
Hong Kong's financial industry, a major driver of the local economy, has stumbled amid the unrest that has swept across the city, prompting industry insiders to call for harsher measures in addition to the new anti-mask law to end violence, restore social order and rebuild market confidence.The turnover of the Hong Kong stock market declined 19 percent year-on-year in the past two quarters amid cruel and violent acts, which heaped pressure on the local financial industry especially small and medium-sized securities dealers that also face hefty rents and surging regulatory costs.
2019-10-10 -
John Ross: US economy slowing but not in danger of recession
Will the US enter a recession in 2020, a US presidential election year, or will its economy only slow further without entering actual recession? That is the discussion among the overwhelming majority of US economists. To illustrate this, Bloomberg asked on October 5, "Is the US Headed for a Recession?" Its analysis began, "Through all the noise around US data this week, a clear signal is emerging: The world's biggest economy is slowing down. The question now is, how badly?"
2019-10-10 -
Zhao Minghao: Diplomatic Dance Step May Help Ease China-US Tension
The vice ministerial-level trade talks between China and the United States have concluded in Washington, making necessary preparations for the high-level talks to be held in the coming weeks. A statement by the Office of the U.S. Trade Representative described the talks as “productive,” but concerns are growing about the prospects of the larger trade negotiations. Before the start of the talks, U.S. officials were said to have discussed the possibility of reaching an interim trade deal with China.
2019-10-10 -
Ding Gang: K-pop strikes the right chord in East Asia
Korean pop (K-pop), which found birth in South Korean culture, represents a symphony of various styles and genres of music. Observing how K-pop developed and thrived can help us reassess cooperation in East Asia. As we learn to perceive young people - understand what they want, what makes them sad and happy, and how they see each other - we will definitely find ways to increase trust. Cultural phenomena like K-pop are resonating among the young in East Asia and finding favor during cultural interaction.
2019-10-10 -
William Jones: Houston, we have a problem!
After many years of a "frozen" relationship, we reestablished contact through sports, a ping-pong match. And although there have been ups-and-downs in the relationship since that period. The sports arena has been one of the areas that have remained a realm of cooperation – as well as competition. But by bringing partisanship into that realm with his thoughtless tweet, Mr. Morey has significantly damaged one area which is important for maintaining equilibrium, when the political – or the trade – issues become problematic. For that, he should, and no doubt will, pay a price.
2019-10-09 -
Liu Zongyi: China-India bid can forge united Asia
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are slated to hold the second informal meeting in the South Indian coastal town of Mamallapuram in Tamil Nadu later this week after the two leaders held an informal summit in Wuhan in April 2018, according to Indian media reports. Mamallapuram is a UNESCO world heritage site recognized for being the home to exquisite Hindu statues and stone-carved temples belonging to the Pallava Dynasty.
2019-10-09 -
Srikanth Kondapalli: 70 years of the PRC – Directions, achievements and prospects
To mark the PRC's 70th founding anniversary, CGTN has introduced a special series "70 Years through Foreigners' Eyes." In the fifth episode, Srikanth Kondapalli, Chairman of Centre for East Asian Studies of School of International Studies at Jawaharlal Nehru University at New Delhi, and Non-Resident Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, shared his views on how China has been struggling ahead to make the country prosperous.
2019-10-09 -
Chinese parade injects confidence to safeguard world peace
Criticism of China involving saber rattling by some in the West does not hold water. That China has shown its most advanced weapons in the parade, instead of battlefields, as well as the fact that China has never resorted to force to seek expansion in thousands of years of history, should give them some food for thought.Different from some Westerners who worship military forces, the Chinese believe in subduing the enemy without fighting, namely military deterrents, resulting in defensive military policies designed to promote peace.
2019-10-09 -
William Jones: Beware of the doomsday prophets
As little Greta Thunberg was making her prime-time appearance at the UN Climate Summit, in an almost hysterical state, railing against world leaders who were talking about "fairy tales of eternal economic growth" while the world was facing "mass extinction" because CO2 levels have not been brought down to "net zero," I could not but feel a little sorry for this poor child from Sweden. But psychologically, she is undoubtedly in a very fragile state. I don't know who put her there, but it is well-nigh criminal that they have done so. Even more criminal is the attempt to put her on a world tour to spread her irrational fears of "mass extinction."
2019-10-08 -
William Jones: The BRI promotes the dialogue of cultures
Much has been written recently in the Western media about China's Belt and Road Initiative (BRI). Numerous Western think-tanks have devoted units of their establishments to study the BRI. And even many of those individuals and institutions that have taken a positive view of the project (and many have not), there is still an undertone of suspicion that somehow, for all the good it has achieved, it is still motivated primarily by Chinese political interests and should, therefore, be approached cautiously.
2019-10-08 -
A toy story in Chinese culture
Branding and original design are prerequisites for Chinese toy manufacturers to add Chinese cultural elements to toys. Even after two months, Wang Zhenhua is furious with the tour guide at Hemudu Neolithic cultural site in Zhejiang province for opening her remarks on the ancient Chinese mortise-and-tenon joint (sun mao) culture by asking the 30-odd about-12-year-old visitors whether they have played with Lego building toys.
2019-10-08
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