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Mainland boycotts HK bakery
Hong Kong bakery faces boycott for board member’s pro-riot posts. Chinese mainland internet users called for a boycott and mainland e-commerce platforms removed the products of Taipan Bread&Cakes, a Hong Kong-based snowy moon cake manufacturer, after the company founder's son posted pictures on social media in support of ongoing Hong Kong riots.
2019-09-03 -
Wang Wen: China’s monetary sovereignty stands strong
By suppressing China, the US wants to maintain global hegemony. But by countering the US, China aims at protecting its own sovereignty. China's purpose is more just. For Chinese people, the US dollar's exorbitant privilege is a bullying act in the finance sector. Fortunately, China's yuan is rising unhindered, and the nation has dealt a blow to the US dollar's exorbitant privilege in defending monetary sovereignty. However, this is still a difficult path and China needs to walk in a more steady fashion.
2019-09-03 -
Wan Zhe: Chinese footwear companies should focus on market trends
Chinese shoe brand Fuguiniao was de-listed from the Hong Kong Stock Exchange in August. The current situation in the shoe industry is related to an asset bubble in the economy. In an economy with asset bubbles, even young people's purchasing power can be boosted. After a bubble breaks, people will be able to tell what is worth their investment. But companies have to make sure they won't fall beyond market trends.
2019-09-03 -
Zhao Suisheng: China-US new cold war can be avoided
The China-US trade war, the stagnation and ups and downs of trade negotiations between the two major global powers have gained a lot of attention. The trade dispute between China and the US is after all a geopolitical and geostrategic contest. China-US relations are experiencing unprecedented and dramatic changes that have not been seen in the past 40 years since ties were established. But it is possible that China and the US can prevent from falling into the trap of the conflict between big powers, and both of the two countries should strengthen cooperation, understanding and exchanges between them to avoid entering the new cold war."
2019-09-02 -
EY two-faced about stance on China’s territory
If the Big Four accounting firms cannot clarify their stance on China's territory and sovereignty to be both externally and internally correct, their businesses in the Chinese market cannot be sustained, analysts told the Global Times. In the internal system of Ernst & Young (EY), one of the Big Four accounting firms, Hong Kong, Macao and Taiwan are listed as "countries" independent of China in the geography search, according to several screenshots that an employee of EY's Hong Kong branch sent to the Global Times over the weekend.
2019-09-02 -
Heroes to receive highest honor in China
China has announced a list of 36 nominees for its highest state honor to commemorate their devotion to China's development in key sectors, sending a strong signal to society on honoring heroes and greatly stimulating Chinese people's sense of patriotism. The list includes eight for national medals and 28 for honorary titles. They are pioneers in national defense, foreign affairs, science and technology, border protection and other fields.
2019-09-02 -
William Jones: Trump's Space Force is still up in the air
The announcement by President Trump in June of 2018 about the creation of a new Space Force would eventually become a branch of the Department of Defense parallel to that of the Army, Navy, and the Air Force. The concerns about a "Star Wars" in this case may be warranted, depending on how this new Space Force will operate, and with what policy. If the policy of this new Space Force is to serve a single country's geopolitical ambition, then we may well see the world entering a new and dangerous "scramble" for the resources of the cosmos.
2019-08-30 -
Overseas social media targeting pro-China content shows Western double standards on ‘freedom of speech’
Online posts showing support for China have been widely suppressed on overseas social media platforms. Companies like Twitter and Facebook are applying double standards over the issue. When the Western world criticizes China, they call it "freedom of speech," but when China speaks back, it is called suppressing freedom. Freedom has become their patent. This is "autocratic liberalism," experts say.
2019-08-30 -
Danilo Türk: World is heading toward multipolarity. But what kind?
The American tariff hikes have a limited impact on the global economy. Technological progress can be slowed down as a result of American restrictions, but it cannot be stopped no matter how hard the current US president tries. The world has changed and the era of a seeming unipolarity with the US at the top is irreversibly over. The real question is what kind of multipolar world will emerge in the 21st Century. Its contours can be detected already and it will be, to a large extent, defined by China.
2019-08-30 -
Zhao Minghao: Is a New Cold War Inevitable? Chinese Perspectives on US–China Strategic Competition
In recent years, Chinese scholars and policy elites have discussed the ever intensifying strategic competition between the United States and China and its multifaceted implications for Chinese foreign policy. Some even worry about the possibility of a new Cold War between the United States and China. This article aims to offer an analysis of Chinese perspectives on US–China strategic competition. In the view of most Chinese observers, US–China strategic competition is inevitable because China is closing the national power gap between itself and the United States, while the latter resolutely upholds its global primacy. Other factors, including ideological disagreements, may fuel the major power competition that has extended to most aspects of US–China relations. Chinese observers believe that economic and technological rivalry between the United States and China has heightened and that the Western Pacific is the focal point of US–China strategic competition. Meanwhile, certain Chinese s
2019-08-29 -
Ding Gang: Tracking development: Railway is the key
It was a wonderful experience traveling from Zhangjiakou, a city in North China's Hebei Province, to Beijing by train K42. Although high-speed trains have become a popular choice for foreign visitors, the slower "green trains" can help them see a fuller picture of China. The sights through the windows of high-speed and slower trains can offer a 360 degree view of China. Railway is a benchmark for the development of rising powers, especially those with large populations and expansive territory. It is also a scale to measure the level of industrialization.
2019-08-29 -
Spearheading a Significant Push: Shenzhen gears up to be a new socialist powerhouse
After piloting China's economic development for almost 40 years, Shenzhen in south China's Guangdong Province is mapping out its new task as a pilot demonstration area of socialism with Chinese characteristics, according to a document released by the Communist Party of China (CPC) Central Committee and the State Council on August 18. One of the first special economic zones in China in 1980, Shenzhen has made remarkable progress and developed from a small fishing village to one of the top four megacities in the country. The new plan symbolizes the start of the next chapter in the city's future glory.
2019-08-29 -
Beijing and Manila can be closer friends
Philippine President Rodrigo Duterte begins his five-day visit to China on Wednesday, the fifth since he took office in June 2016. During his visit, the two sides are also expected to discuss many issues. Two experts, Song Wei and Wang Yiwei, share their views on Duterte's visit and Sino-Philippine ties.
2019-08-28 -
Zhao Minghao: Trump administration's 'ostrich mentality' towards the trade war
the White House's chaotic decision-making process is out in the open. The U.S., China and the entire world economy have to pay a huge price for it. The Trump administration needs to own its mistakes and return to the negotiation table with sincerity as soon as possible. This is the only right path to go down.
2019-08-28 -
HK turmoil stirring recession fears
Experts say restoring order key to halting economic damage and global spillover. Leading financial agencies, economists worldwide and Hong Kong officials have issued fresh warnings on the city's potential for recession and the spillover effects on the global economy, as the monthslong turmoil in the key trade hub continues to dampen market confidence and disrupt business operations.
2019-08-28 -
Zhang Jingwei: 'Color revolution' stands no chance of success in HK
In the past two months or so, Hong Kong has witnessed intensifying violence on its busy streets by mindless rioters. Their illegal acts have seriously affected people's daily lives with traffic jams and a paralyzed Hong Kong International Airport. They have also grossly violated the basic human rights of other people while damaging Hong Kong's image in addition to trampling on freedom of the press. These illegal acts indicate that not only has the anti-legislation campaign against the extradition-law amendments gotten out of control, but also has shown signs of terrorism and even a "color revolution".
2019-08-27 -
Wang Wen: Clout eroded as US shirks intl duties
A few months ago, I attended a thematic seminar in Europe on global governance. The organizers invited representatives from think tanks of more than 10 countries. At the end of the discussion, a few delegates realized there were no US scholars present. Last year, at a seminar in Istanbul, when it came to discussing the next steps in the Middle East and the role of the US, one scholar told the US delegates that the best way for the Middle East to grow is for the US to exit the region. Both experiences inspired me to ask, is the US still playing an important role on the world stage?
2019-08-27 -
Liu Zhiqin: The US needs to redefine its role in the world
What will the world be like without the US? So far no think tank has touched this topic and no one has been seriously considering it. However, it is a question which calls for attention and in-depth study. It will be a big challenge, but one that is unavoidable.In fact, what the world needs is a new US - a country without prejudice and ruthlessness, a country that consistently acts on its word, and a country that respects others. The world will be fortunate if the US can become this country.
2019-08-27 -
He Weiwen: US threat to WTO won't get it anywhere
The US leader signed a memorandum on July 26, directing the Office of the United States Trade Representative to stop treating "advanced economies" such as China as developing countries according to the World Trade Organization's rules, and urging the WTO to change its definition for developing country within 90 days. But since major reforms to the WTO require consensus (in effect unanimity) among all members, the world trade body cannot change the definition, even if it wants to.
2019-08-26 -
Zhao Minghao: US approach to Hong Kong problem puts trade negotiations in trouble
Recently, US officials, including President Donald Trump, Vice President Mike Pence and Secretary of State Mike Pompeo have commented on the Hong Kong situation on different occasions. Trump warned China on August 18 that violent crackdown on the protests in Hong Kong would harm trade talks with the US. Expected to be held in September, the 13th round of China-US trade talks is still subject to uncertainty. If the US continues to step up its interference in the Hong Kong affairs, it would become more difficult to reach an agreement between the two countries to end the trade war.
2019-08-26
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