In this exclusive interview China Daily spoke to He Yafei, former vice-minister of foreign affairs and former deputy director of the Overseas Chinese Affairs Office of the State Council.
On February 24, U.S. President Trump twitted that he would delay the tariffs increase due to progress in negotiations with China, indicating that the possibility of reaching an agreement increases. The Sino-US trade friction in the past few months has confirmed that continued confrontation can only hurt China and the United States and even endanger the global economy. According to Reuters, the trade war has caused billions of dollars in losses to both sides. After announcing the above decision, Trump made a speech at the White House and expressed his hope to reach a trade agreement with China that is beneficial to both countries. In fact, if the issue gets properly resolved, it will be positive news not only for China and the United States but also for the whole world.
China's business environment is perhaps the hottest topic in the annual meetings of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and the 13th National People's Congress (NPC). The issue has attracted a great deal of attention especially as the world's largest two economies are mired in a trade war.
On Saturday, trade ministers from 16 Asia-Pacific countries gathered in the Cambodian city of Siem Reap to resume negotiations over the Regional Comprehensive Economic Partnership (RCEP). The proposed RCEP, which aims to create one of the world's largest trading blocs encompassing 45 percent of the world's population and 40 percent of global trade, is now at a critical moment. While the participating countries generally hope to reach a final deal by the end of this year, uncertainties should not be overlooked.
International relations observers are more likely to see Nepal as a piece of bread sandwiched between China and India. The metaphor is often used by Western media in terms of geopolitics of the region.
The high-profile summit between North Korean leader Kim Jong-un and US President Donald Trump ended without an agreement in Hanoi, Vietnam. Some observers believe that South Korea has been the biggest loser as the Hanoi summit fell apart. In their opinion, South Korean President Moon Jae-in had been eyeing major diplomatic achievements from the summit. But the Moon administration, observers say, was disappointed.
It has been roughly two decades since China was permitted to join the World Trade Organization (WTO) in 2001. Prior to its accession, there was one economic metric on which it already ranked first. China, by multiple estimates, had the largest economy outside the WTO, ranging from foreign trade to the stock of foreign direct investment. Given the skyrocketing growth of the Chinese economy during that time, it takes very little imagination to foresee that China’s leadership came to appreciate membership in the WTO as a watershed for the country to embark on a more promising economic future.
Premier Li Keqiang delivered the Government Work Report to the second session of the 13th National People's Congress in Beijing on Tuesday morning. Here are the highlights:
China is in a good position to exercise leadership. Not only has China become the second largest economy in the world, it is already among the most important players in the field of trans-boundary water cooperation. China is a source of several rivers supplying South and South-East Asia with water.
As the annual sessions of China's top legislative and advisory bodies approach, world experts look forward to a greater role of China in improving global governance.
The 2019 DPRK-U.S. Hanoi Summit was a decisive two-day meeting between DPRK Chairman Kim Jong Un and U.S. President Donald Trump. Media around the world had great anticipation that the two equally strong leaders may find a final solution and practical guideline for the chronic security tensions between the two nations.
As thousands of Chinese lawmakers and political advisors start to arrive in Beijing for the annual legislative and political consultative sessions, the most important political event in the country, there will be major tasks to be fulfilled and abundant issues to be discussed.
Over the past two to three decades, almost all developed countries have experienced shakeout in industries, shrinking workforce and the substitution of human labor by machines, especially in manufacturing. The process has been prominent even in economies such as India and Brazil, which have not yet completed their industrialization.
U.S. President Donald Trump just met with Democratic People's Republic of Korea (DPRK) leader Kim Jong Un in Hanoi, Vietnam on February 27. Unlike the optimistic forecast, the summit failed to reach an agreement.
While there have been discussions surrounding how India's industrialization will affect China in the future, one realistic question currently faced by India is whether the country can achieve industrialization at all.
China's science and technology (sci-tech) innovation board, which will feature a pilot registration system for listed companies, took central stage as the new China Securities Regulatory Commission (CSRC) Chairman Yi Huiman greeted the media for the first time on Wednesday afternoon.
Financial ties among Guangdong, Hong Kong and Macao will be further strengthened through promoting cross-area trading connections and financial innovation, said analysts, after the central authorities issued a comprehensive development plan for the Greater Bay Area.
Chinese negotiators will extend their stay in Washington by two days in an effort to end the seven-month trade war. “The fact that they [Chinese representatives] are willing to stay for quite a bit longer… means something,” U.S. President Donald Trump reportedly said.
The International Monetary Fund recently lowered its global economic growth outlook amid international trade conflicts. Combined with this, the economic structural adjustment in China has created new and some difficult challenges for the Chinese economy.
Saudi Arabia Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud is scheduled to visit China from Thursday to Friday after his trip to Pakistan and India, in a sign that Chinese observers said shows the kingdom is seeking to diversify its diplomacy rather than merely rely on the US.