Europe needs to focus on technological development instead of caving to the US
Wary of losing its economic predominance to China, the US government has been on the offensive to challenge China on trade, future technologies, and investment. The assault could intensify if politicians in Washington see weakness in China's resolve to fight back.
With high dependency on imported oil, China needs to continue strategic petroleum reserve buildup
According to a recent blueprint report on China's oil and gas industry for year 2018-19, the nation's apparent oil consumption reached 648 million tons in 2018, up 6.95 percent compared with the previous year, while China's net imports of crude oil rose 10.9 percent year-on-year to 460 million tons. The report also said that China's dependency on imported crude oil was approaching 70 percent last year.
China and Kazakhstan to embrace new stage of ties
The last several years have been a defining period in the development of relations between Kazakhstan and China. Never before have our two nations embarked on such an ambitious and globally important project as the revival of the ancient Silk Road. Since independence, Kazakhstan has strongly believed in enhancing international trade and facilitating greater business ties with its closest neighbors. For this reason, Kazakhstan's first President Nursultan Nazarbayev pursued open market policies that facilitated and enhanced global trade, not just in the region, but around the world.
Despite pressure from the US, Europe can only win with China
As the US pressures its EU counterparts on many issues ranging from trade, investment, and security agreements, China has found itself in the middle of an economic and geopolitical struggle between its two important trading partners.
With India's general election on the horizon, the shining record of Modinomics faces bumpy road
The Indian general election will kick off next month. It will be the final exam for the Modi administration. With the success of Modinomics in Gujarat, Modi's Bharatiya Janata Party created a miracle five years ago. By analyzing both the gains and losses of Modinomics, a better understanding of India can be gained.
The US only hurts itself by pointing fingers at China-proposed Belt and Road Initiative
The United Nations Security Council extended the mandate assistance mission in Afghanistan on March 15. Unlike before, it only gave a six-month extension rather than one year. The reason for the shorter extension is that the US opposed China's attempt to write the Belt and Road Initiative (BRI) into the resolution. Wu Haitao, China's Deputy Permanent Representative to the UN, described the smear by the US regarding the BRI as “contrary to the facts and fraught with prejudice.”
Stronger 'state capacity' will help India overcome obstacles, push forward economic development
India is one of the fastest-growing economies in the world. However, the country has to overcome some overbearing obstacles as it pushes forward economic development and catches up with the latest advances in industrialization and modernization. In order to achieve such an objective, the Indian central government has to tackle two tasks that may contradict each other.
Italy's plan to join the Belt and Road Initiative a pragmatic path to boosting its economy
Italy is set to be the first G7 country to join the China-proposed Belt and Road Initiative (BRI) by signing on to the initiative with China, a development that is expected to meet the respective needs of both sides.
China needs to identify hydrogen vehicles as the main direction in NEV development
During the second session of the 13th National People's Congress, China's top legislature, the development of the hydrogen energy industry became a focus of discussion, as a number of deputies from relevant industries submitted practical motions in this regard.
New foreign investment law underscores China's determination of further opening-up
China's National People's Congress (NPC), the country's top legislature, passed a new foreign investment law on Friday. The new law would replace three existing laws on various types of foreign investment and signal China's latest round of comprehensive and high-level opening-up.
Hopes high for Italy to jump on board the BRI train
China and Italy formally established diplomatic relations in 1970. Leaders of the two countries have made frequent visits to each other's countries since then and political mutual trust has been rising continuously. The two countries established a comprehensive strategic partnership in 2004, taking bilateral relations a step further. China proposed the Belt and Road Initiative (BRI) in 2013 and the Italian government has reiterated its willingness to participate in the initiative. Many EU members have thus far joined the BRI's circle of friends. If Italy signs up for the initiative, it will become the first G7 country to endorse the BRI, indisputably adding new strength to BRI-enabled international cooperation.
World technological competition escalates to new level of national security bickering
Scientific and technological exchanges and intellectual property disputes are common issues in global trade. However, due to the deepening US-China rivalry, scientific and technological exchanges and intellectual property disputes between the two countries have been quickly raised to the exaggerated level of national security and espionage, which could spiral out of control.
China's steady development of domestic aircraft industry proves to be right path
An Ethiopian Airlines Boeing 737 Max-8 crashed shortly after take-off, killing 157 people on Sunday. It was the second crash involving a Boeing 737 Max-8 within five months. The first involved Indonesia's Lion Air in October 2018.
Air crash highlights Africa's industrialization plight
The crash of the Ethiopian Airlines plane that killed 157 on Sunday has triggered some pessimistic comments toward Ethiopian Airlines and Africa's aviation industry. Some even said that they would never risk their life to go to Africa. To a certain extent, this underlines the public's lack of understanding about Africa.
US opens new front in trade war, complicates ties with India
US President Donald Trump notified Congress on March 4 after months of speculation that he would terminate the Generalized System of Preferences (GSP) for India and Turkey, starting a 60-day countdown period, after which the US President has the right to take action against the two countries on his own authority.
Draft law to usher in a new round of foreign investment boom in China
A draft foreign investment law that has been submitted to the second annual session of the 13th National People's Congress (NPC), China's top legislative body, for deliberations last week, is scheduled for a final vote on Friday.
China, UK will both benefit from free trade deal
Against the backdrop of a worsening international economic environment, China needs to find solutions as soon as possible in case more Western countries unite against it on some major economic issues. The country should pay attention to deepening bilateral relations with important economic and trade partners by building a more comprehensive and high-standard free trade network. And the UK could be one of the developed countries with which China could strengthen economic cooperation in a new round of changes to the international economic order.
Seeking low-end profits in Vietnam cannot last long
With increasing discussions about Vietnam's “miracle growth,” a Vietnamese image of aggressive economic development has gone viral on social media in recent days. Various financial media have analyzed the country from the perspectives of setting up factories, investing in real estate and other sectors to lavishly tout the high investment returns and encourage domestic capital to invest in Vietnam. Although Vietnam has undoubtedly seen substantial economic achievements and social progress since its “renovation and opening-up,” and the country has maintained a relatively high economic growth rate, investors should not take for granted that setting up factories or investing in real estate in the country can just generate high returns, as there are still many uncertainties.