Undeterred by the Virginia rally that started with a march by white nationalists outraged by the city`s decision to remove symbols of its Confederate past, municipal officials in cities across the US said they would step up efforts to dismantle such monuments from public spaces.
Liu Zhiqin, a senior fellow of the Chongyang Institute for Financial studies at Renmin University of China (RDCY), was interviewed by CGTN Global Business program, talking about the US’s decision of the tariffs on Chinese aluminum import.
India orchestrated the standoff to not just guarantee the security of the Siliguri Corridor - India`s sensitive "chicken`s neck" connecting its central and northeast regions, but more importantly to jeopardize China`s Belt and Road initiative. In this way it can reverse its strategic disparity with China in South Asia and the Indian Ocean region and tighten its grip on small countries there.
There is wide discussion among Chinese consumers over whether China should adopt a cashless society. Experts agree that the rising use of mobile payments will continue on an upward trend, but cash will not disappear. In the long term, various payment methods, such as bank cards and non-banking mobile payments, will continue to be used in China. And merchants should respect consumers` payment habits, experts advise.
A possible US investigation into China`s trade practices may heighten friction and eventually lead to a "trade war," warned Chinese experts.The Chinese Ministry of Commerce has stressed the importance of Sino-US trade ties and urged US authorities to abide by WTO rules in its trade measures, noting China and the US should resolve differences "through dialogue and consultations."
At the National Financial Work Conference last month, President Xi Jinping emphasized the need to prevent systemic financial risks, because finance is the core competitiveness of a country and financial security is a significant part of national security. The goal of financial work is to serve the real economy while preventing risks, for which financial reform is necessary.
Economic data published by Chinese provincial-level regions for the first half year show that economic restructuring is bearing fruit and leading to stable and quality growth.
Liu Zhiqin, a senior fellow of the Chongyang Institute for Financial studies at Renmin University of China (RDCY), was interviewed by CGTN, talking with the reporter of the Global Bussiness program over the topics at China`s economy in 2nd half.
News about the construction of the Kra Canal in southern Thailand appeared on Chinese media again. Thais with close connections to China are reportedly beating the drum and tying the construction with China`s Belt and Road initiative (BRI), through which they think they can acquire financial support for the construction.
Domestically, economic downward pressure has been increasing, and financial risks that were formerly concealed by rapid economic growth have been emerging. Chaotic conditions exist in some areas: there is an overheated real estate industry with related nonperforming loans, local government debt is at risk of default, and Internet finance and shadow banks are putting intense pressure on systemic liquidity.
Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.
Regulator beefs up supervision of the mobile payment business to diminish financial risks.
North Korea reportedly tested an intercontinental ballistic missile on Friday, which made the situation in the region more tense and complicated. US Secretary of State Rex Tillerson issued a scathing statement. He said the sanctions against North Korea should be further strengthened and the US will never accept a nuclear-armed North Korea.
North Korea`s latest test of an intercontinental ballistic missile last week aggravated tensions on the Korean Peninsula. Using sanctions passed by the UN Security Council, the US has been pressing China`s neighboring countries to cut their economic ties with North Korea, stepping up its strategic control of China`s neighborhood.
Recent publication of U.S. GDP figures for the 2nd quarter means data is now available for comparison of China and America, the two largest economies, for the first half of this year.
Analysts from a leading Chinese think tank said they were optimistic about the prospects for China-US trade and investment, calling for a restart to negotiations on a bilateral investment treaty and for the promotion of cooperation in fields such as services trade and energy.
Industrialization is key to lifting Africa out of poverty, and President Xi`s observations offer valuable lessons.
Beijing police said on Wednesday that 67 members of the pyramid investment organization Shanxinhui have been detained for disturbing social order after their illegal gathering in the streets on Monday.
Beijing will not compromise with India`s visiting national security adviser, and the only way to resolve the current standoff is for India to unilaterally withdraw its troops from Chinese territory, experts said.
It`s not impossible to find other ways to bind China and Australia more tightly than trade or ore. In fact, as long as the two countries can update their understanding of each other with mutual respect and enhance their interactions, they will be able to consolidate a foundation for seeking consensus, that is, common destiny.