Hong Kong is now in its eleventh consecutive week of mass protests. The violent clashes between police and protesters have grabbed global attention. John Ross shares his views on the issue on CGTN.
The Indian government has abolished the special status for India-controlled Kashmir and decided to split the region into two union territories to be directly ruled by the central government. Indian Prime Minister Narendra Modi had vowed to do so during his campaign for the 2014 election. During the general election 2019, Modi's Bharatiya Janata Party (BJP) again promised to revoke Kashmir's special status. Such moves have intensified tensions in the region.
As the Group of Twenty summit in Osaka concluded, US President Trump agreed to allow American companies to sell their products to Chinese tech giant Huawei Technologies. The results of the meetings between Chinese President Xi Jinping and Trump ended up being rather gratifying. Trade conflicts between China and the United States have been going on for more than a year, with the conflicts extending to the fields of science and technology, and with the US landing big hits by imposing tariffs on goods worth at least US$250 billion.
Chinese officials and experts have urged politicians in the United States to stop using the situation in Hong Kong as a bargaining chip for negotiations or as leverage for fueling competition with Beijing. Senior politicians such as US Vice-President Mike Pence and House Speaker Nancy Pelosi have spoken out on or pushed legislation concerning the recent violent protests in the city. Pence angered China on Monday by telling the Detroit Economic Club that "for the United States to make a deal with China", Beijing needs to "respect the integrity of Hong Kong's laws".
The leaders of China’s and the United States’ economic and trade consultation teams spoke over the phone on the evening of July 9 on the implementation of the consensual exchanges agreed by the two nations at the recent G20 summit. The Americans appear to be showing goodwill for the upcoming round of talks. The US Department of Commerce has announced that it will partially lift the Huawei ban by removing restrictions on exports to the firm and eliminating tariffs on 110 Chinese products that were previously hit with a 25% levy.
The United States announced on Tuesday that it will suspend certain tariffs on a range of Chinese imports until mid-December for "health, safety and national security" factors, while saying that the 10-percent tariff on other items will go into effect as planned on September 1. As the next round of trade talks is scheduled to take place in September, does the announcement by the Office of the United States Trade Representative (USTR) raise hopes for further progress?
From this week, Wang Wen, Executive Dean of RDCY, opened the new column “Wang Wen on Changing World” in Global Times (English edition). The first artical "China and world can learn from each other" was published on August 20, 2019.
Pakistan is celebrating the 72nd anniversary of Independence Day amid escalated tensions with India after the latter revoked the special status of Jammu and Kashmir, flaming a territorial dispute that has dragged on for over seven decades. Pakistan responded by downgrading diplomatic relations and suspending bilateral trade ties with India. It also expelled India's high commissioner and vowed to challenge the decision at the UN Security Council.
Tensions between South Korea and Japan are growing as South Korea announced the plan to drop Japan from its "white list" of countries with fast-track trade status from September. This tit-for-tat move followed Japan's action to remove South Korea from its "white list" after an earlier decision in July to restrict exports to South Korea of three key, high-tech materials.
Major unrest in Hong Kong, provocative moves by India's leader in Kashmir, upgraded arms sales to Taiwan, and an unraveling of the nuclear non-proliferation regime are all indications of a heightened degree of tension in the world community. And this is occurring against the background of increased trade tensions and a general sense that the world is facing an imminent collapse of the international financial system.
Hong Kong is now in its tenth consecutive week of mass protests. The violent clashes between police and protesters have grabbed global attention.
By deciding to impose a 10-percent tariff on the last remaining freely traded $300 billion of Chinese exports to the US starting in September. US Department of the Treasury designated China as a “currency manipulator” a designation. China decided to suspend its purchase of US agriculture products. Though China and the US had agreed to start their 13th round of trade talks in Washington in September, we have reasons to worry these anticipated negotiations may not occur as scheduled as tensions escalate between the two countries.
2019 marks the 70th anniversary of the founding of the People's Republic of China (PRC). How far is China away from realizing its rejuvenation? How hard will the process be? How will China's development influence the world in the future? Global Times interviewed Professor Danilo Türk (Türk) on these issues.
The article was complied based on a speech by Li Zhaoxing, former Chinese foreign minister, during a conference on the book Great Power's Long March Road: The views of China's rejuvenation and the future of the world after hundred countries' visit written by Wang Wen, executive dean of the Chongyang Institute for Financial Studies, Renmin University of China.
Pakistan is prepared to "fight to the end" over the Kashmir issue if necessary, Prime Minister Imran Khan said on Wednesday during a speech from Pakistan-controlled Kashmir. "I don't want war but it's clear now that they [India] don't want to talk," Khan said. Pakistan's 73rd Independence Day was celebrated on Wednesday as "Kashmir Solidarity Day," so as to express support for the people of Kashmir.
Will Johnson toe US President Donald Trump's line? If so, will Britain's withdrawal spell doom for the deal? Boris Johnson, who became the United Kingdom's newly elected prime minister on July 23, is a hard-line euroskeptic politician. While Europe is keenly following how Britain's Cabinet would proceed with Brexit under Johnson's leadership, in the Persian Gulf, Iranians are concerned about the fate of the Iran nuclear deal, or the Joint Comprehensive Plan of Action, in the post-Brexit era.
The US is openly playing Hong Kong as a card to exert strategic pressure on China amid the trade negotiations and escalating contention between the two countries, said Chinese experts, as senior US officials, institutions and foundations have increasingly lent support to prolonged riots in the special administrative region.
Recently, China announced a slew of measures to further open its financial market. The 11 new measures encourage overseas financial institutions to participate in the establishment of, and invest in, asset management subsidiaries of commercial banks. They also allow them to set up and invest in pension management companies. Investment restrictions of overseas personal insurance companies will be completely scrapped in 2020. Those measures serve as a milestone, marking a new stage of China's financial opening-up.
Chinese experts sounded the alarm at a seminar on China-U.S. trade ties in Beijing, warning that protectionist moves by the U.S. that further escalate trade tensions will disrupt the global economy. Experts noted that China and the U.S. are the biggest trading partners and important investment destinations. They say that time has always proven that China and the U.S. stand to benefit from cooperation, and lose from confrontation.
Shares of Cathay Pacific Airways closed nearly 5 percent lower in Hong Kong on Monday after the company sent a sternly worded internal letter to employees during the day warning them not to participate in any illegal protests. On Friday, the company received a scathing air safety warning from the Civil Aviation Administration of China. The warning pointed out that the carrier's flight personnel had participated in violent street protests, with serious hidden threat on aviation safety.