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Deepened reform, opening-up to offset trade friction impact
While the ongoing trade conflict between China and the United States will benefit no one, China should focus on its own economic development driven by deepened reform and opening-up, which will help to offset all impact from trade frictions, experts said at a seminar on the trade spat held in Shanghai on Wednesday. One important step that the country has made is in the number of national-level strategies on integrated regional development in areas such as the Yangtze River Delta region. These will help to improve the quality of the country's economic development
2019-09-10 -
William Jones: U.S. sanctions on Chinese nuclear firms: Attack on global development
On September 3, China issued a new white paper entitled "Nuclear Safety in China" which elaborated on China's basic principles and policies in the field of nuclear security, sharing its concepts and practices of regulation, and clarifying its determination to promote global nuclear safety governance and the actions it has taken to achieve this. The document also underlined how China's rapid expansion of nuclear energy is part of their program to move toward "clean and efficient energy"and to reduce China's dependence on coal.
2019-09-09 -
Zhao Minghao: Amid festering trade war, frustration mounts inside US
While cranking up the trade war with China, US President Donald Trump's administration is also reinforcing efforts to explain its detrimental effects. In a string of tweets in late August, the president refuted the view that his trade policies were hurting the US economy saying "The Economy is doing GREAT, with tremendous upside potential." He also claimed that "The farmers are going to be so happy when they see what we are doing for Ethanol," and blamed "bad management" instead of the tariffs for the "badly run and weak companies." On August 23, Trump ordered "great American companies" to "immediately start looking for an alternative to China."v
2019-09-09 -
Chinese netizens boycott Zara for ‘perfunctory’ response amid suspicion of supporting riots
Chinese netizens boycotted the response by Zara after the Spanish fashion brand was suspected of complying with opposition groups' call for a strike by suspending business on Monday, saying that response was perfunctory. Zara said on its Sina Weibo account late Monday that the company upholds the territorial integrity and sovereignty of the People's Republic of China and supports the "one country, two systems" principle.
2019-09-09 -
Danilo Türk: The problems of Hong Kong are for the people there to resolve
The mass rallies in Hong Kong over the past months have astonished the world - and probably the people of Hong Kong themselves. On the surface, the problems that initiated the protests are political. However, there is always a deeper reality that feeds the protests and it usually has to do with social economic questions, which define people's daily lives. In the reports covering Hong Kong more and more references are made to the questions of economic opportunities of the young, the rocketing prices of housing and other existing social and economic problems
2019-09-06 -
Liu Zhiqin: US eager to drag China down at own expense
No person or country in this world can defeat the US. In the end, it can only be one of its own presidents who triumphs, and Trump may be that very president. It is US President Donald Trump who has damaged the credibility of the US system. He undermined the country's foundation, the so-called "separation of powers." Trump likes issuing orders, and he changes his mind so frequently that it has almost become a routine. As a result, few countries in the world can seriously reason with the US.
2019-09-06 -
Liu Ge: US unions cannot be overlooked by Chinese businesses
American Factory, a documentary backed by former US President Barack Obama and former first lady Michelle Obama, records the twists and turns that Chinese glass manufacturer Fuyao encountered while setting up a factory in Dayton, Ohio. In 2017, the New York Times reported on the cultural conflicts the Chinese company had encountered. Labor unions are tough opponents, and they are opponents that the Chinese government and companies cannot overlook.
2019-09-05 -
John Ross: Who are really organizing the events in Hong Kong?
The violent protests in Hong Kong are organized and led by external forces, as is evident to anyone who has seen such operations in other countries – for example, the 2014 Euromaidan as a coup d'etat attempt in Ukraine. The claim that these violent actions are "leaderless" or "spontaneous" is completely false as any view of the protesters, who are clearly well organized and trained to deal with the police, and any examination of the political facts, shows. The public leaders of the protests have strong links with both the U.S. and separatists in Taiwan.
2019-09-05 -
William Jones: More exchanges may help restore HK order
The violence that erupted in Hong Kong in what began as a peaceful protest against an extradition bill caught the world by surprise. Rioters smashing store windows and attacking police with Molotov cocktails and other makeshift weapons is unacceptable in any law-abiding society. However, international media immediately sided with the violent protester and upbraided the police who used minimum force to quell the rioters.
2019-09-05 -
Ding Gang: Resurgent identity in ascendant India
Over the past more than 70 years since its independence in 1947, India has been facing the challenge of building national identity. It's widely believed that the move to revoke India-administered Jammu and Kashmir's autonomy by the government of Prime Minister Narendra Modi through constitutional amendments is a means of consolidating national identity. Many other multi-religious and multi-ethnic Asian countries, in fact, are facing the same challenge.
2019-09-05 -
Ministry urges US to stop slandering China over its own opioid problem
The US recently intensified accusation of China's 'insufficient effort' on tackling fentanyl problem also serves the political purpose of the Republican, who prioritizes dealing with drug problems in its agenda. With the looming 2020 presidential election, Trump's slandering of China over fentanyl also serves to divert domestic attention from his failure to deal with drug problems within the US. connecting fentanyl with the trade negotiations indicated that the US was trying to use it as a bargaining chip in trade negotiations with China.
2019-09-04 -
Wang Wen on Changing World 90: Striving for breaking US discourse hegemony
On August 20, 2019, Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY), opened the new column “Wang Wen on Changing World” in Global Times (English edition). Following is the list of all articles.
2019-09-04 -
HSBC should not play more underhand tricks against China after Huawei case
HSBC, which was entangled in helping US arrest Huawei's Chief Financial Officer Meng Wanzhou, is attaching importance to the growth of the Guangdong-Hong Kong-Macao Greater Bay Area that offers ample financial services opportunities, but experts warned that if the UK-based bank hopes to further expand in the Chinese market, it should not play more underhanded tricks against China.
2019-09-04 -
Djoomart Otorbaev: Hong Kong needs a special plan for economic reform
These unprecedented waves of protests raise an important question. Why it is happening? Are the protests against the fugitive bill or the foreign intervention? Or are they about democracy or the economics? The main and fundamental reason of the crisis is an economic one. The Hong Kong Special Administrative Region (SAR) is gradually but continuously losing its competitiveness to other regions of China, especially to its neighbors. The process has significantly accelerated in last couple of years.
2019-09-04 -
Chen Chenchen: Chinese tech companies are prepared for blacklists and tariffs
China has been working to innovate more in the face of the trade war, how close is China to its goal of reducing dependence on the U.S. in terms of technology? Chen Chenchen shared her insight.
2019-09-03 -
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
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