Prolonged trade tension takes its toll on the United States and will hurt more severely in the future, said John Ross, former director of economic and business policy of London.
China-U.S. trade talks are now facing difficulties because the U.S. does not treat China equally or with mutual respect, according to He Weiwen, a senior fellow at the Chongyang Institute for Financial Studies at Renmin University.
The US has increased trade conflict with China, and also Europe. What was the primary reason for Washington to start the trade dispute with them? Will China and Europe further expand cooperation to deal with US unilateral and protectionist behavior? Global Times (GT) reporter Lu Yuanzhi interviewed Professor Danilo Türk (Türk), former president of the Republic of Slovenia from 2007 to 2012 and a senior visiting fellow at the Chongyang Institute for Financial Studies, Renmin University of China, on these issues.
When Chinese President Xi Jinping meets his US counterpart Donald Trump in Japan at the end of the month they are expected to discuss a broad range of issues, including the trade war, in an effort to stop the relationship from tilting towards sustained confrontation, analysts said.
When Chinese President Xi Jinping meets his US counterpart Donald Trump in Japan at the end of the month they are expected to discuss a broad range of issues, including the trade war, in an effort to stop the relationship from tilting towards sustained confrontation, analysts said.
share markets rose sharply on news of the announcement that Presidents Xi and Trump would meet at the G20 summit – as the Financial Times simply summarised it ‘Trump plan to meet Xi on trade sends US equities sharply higher’. This was a welcome piece of goods news for President Trump after a period during which he had been receiving bad news both on the opinion polls for his re-election and for the US economy.
A lose-lose strategy by which the United States thinks it can inflict more economic damage on China than on itself is a very "big miscalculation" and will ultimately increase the "pain" on the people in the United States, according to John Ross, a British academic and senior fellow with the Chongyang Institute for Financial Studies at Renmin University of China.
The new acting US Defense Secretary will continue to carry out the country's hard-line stance on China, Chinese observers said, noting that China is not afraid of any US provocation.
Populism was given a cold shoulder in European parliament elections, lending traction to attempts at European integration. Now, important issues will receive more attention with focus moving back to climate change and data protection. In the meantime, due to disputes among populist parties and groups, it is getting more difficult for Europe to coordinate overseas policies.
The scheme linking Shanghai and London stock markets, named Shanghai-London Stock Connect, officially launched today. It is regarded as a milestone in China's finance reform.
The near-hysteria in Washington over the expansion of Huawei worldwide and its development of 5G technology has provided some much sought ammunition for politicians here in Washington with a dearth of ideas for resolving America’s economic woes, and may have some short-sighted benefit for them among a populace fearful that the direction of American society is on a downward spiral. Finding a scapegoat for the country’s dilemma apart from the powers in Washington that actually determine the fate of the nation, is always a welcome relief for those power-brokers who hold themselves above scrutiny. And preventing a competing nation from becoming an integral contributor to the vital communications networks on which the world increasingly depends is an added boon. And yet the attempt to undermine Huawei from becoming a bigger player in the world’s communications systems may in fact sabotage the growth of U.S. companies engaged in the same field.
UBS confirmed with the Global Times it has asked its analyst Paul Donovan to take a leave of absence as the Swiss investment bank reviews the matter that the analyst discussed China’s inflation in distasteful and racist language which sparked uproar among Chinese internet users, economists and several industry associations.
Even as US President Donald Trump appears to be pushing for a restart of the deadlocked trade talks, many experts in China remain pessimistic about a quick resolution for the escalating trade war for the US government is unlikely to make compromises.
Negotiations on choosing the new leaders of European Union institutions will be long and arduous, as divergence over candidates for these jobs seems larger than ever.
On June 12, Japanese Prime Minister Shinzo Abe arrived in Iran for a two-day visit. His visit has attracted worldwide attention, which aimed to reduce the tension between Iran and the U.S. During his visit, Abe met with Iran's supreme leader Ayatollah Ali Khamenei and its President Hassan Rouhani. He is the first incumbent Japanese Prime Minister who has visited Iran since Yasuo Fukuda in 1978.
Chinese netizens were outraged on Thursday by a UBS report that used distasteful and racist language to analyze China's inflation and called for putting the Swiss bank on the Chinese Unreliable Entity List despite an apology for what it calls its “innocently intended comment.”
The China-US trade war may be just between two countries, but its implications will be global and if it continues to escalate and expand, it could trigger a major recession and global financial crisis more severe than the one in 2008, top Chinese experts warned on Thursday.
Many have been thinking the same questions: What kind of country is the US? Is it still a "normal market economy?" The eccentric behavior of the US has sparked people to re-examine the world's largest economy. What is its problem?
In 1876, the US Congress had a debate on the Chinese immigrants. One side thought the Chinese immigrants should be expelled from the US while the other side believed they needed to be "tamed" in keeping with God's request. They were united by the common refrain - Chinese are an inferior race. What divided them was the approach to this Asian people - whether the Chinese immigrants should be shunned or assimilated by an attempt to change them.
At the 6th China-Russia economic think tank dialogue and the 4th Russia-China business forum, many Russians held an active attitude toward enhancing cooperation with China and benefit from China's Belt and Road Initiative.