The Biden administration seems to have “set the tone” for steering his country's relationship with China by engaging in “extremely fierce competition”, which is contrary to what most Chinese people have hoped for a US policy reversal after four truculent and destructive years of Donald Trump.
Bolstered by the excessive liquidity in the market to support pandemic-stricken economies and enterprises, major stock markets, from New York and Tokyo to Hong Kong and Shanghai, have boomed in recent months. This once again proves that liquidity is king for the capital market.
The US Chamber of Commerce on Wednesday issued a report addressing the China-US economic relationship, warning hundreds of billions of dollars in potential losses for US businesses if a decoupling were to take place but also repeating accusations of China's "unfair trade and regulatory practices" and calling for broader and multilateral policies to address the "China challenge."
The US has sworn in the new administration of President Joe Biden and Vice-President Kamala Harris, who have pledged to unite all Americans to fight the COVID-19 crisis head-on, and to pull the distressed country out of a national catastrophe, no less serious than the Great Depression in the early 1930s.
China's gross domestic product in 2020 expanded by 2.3 percent, reaching a total of 101.59 trillion yuan ($15.68 trillion), according to National Bureau of Statistics in figures released on Monday. As widely predicted, the nation is the world's only major economy that recorded growth, while other economies contracted at different rates.
The outgoing Trump administration is getting more reckless and unbridled in its waning days before a new government is inaugurated and takes over. The China hawks in the scandal-ridden administration are hardening attacks on major Chinese companies, determined to send already fraught relations with Beijing to new lows for its anti-China grandstanding, as well as binding the hands and feet of the next administration.
With an economy clobbered by a new and more contagious coronavirus variant and increasing isolation from the European continent with the illusionary exit from the European Union, Britain needs to think deeply, with somber conscience and creativity, about how to engage with the US and China, the two powers which will have enormous implications for Britain's future.
Celebrating one of the darkest Christmases in recent memory, shrouded in a murky presidential power transition and the elevating deaths and hospitalizations caused by COVID-19's onslaught, Americans are somber about a future which remains uncertain despite the growing availability of the vaccines.
With this year rapidly coming to a close, China, maintaining all strict precautionary measures to avoid a COVID-19 comeback, is seeing its economy gain reactivated impetus as 2021 approaches.
Ant Group, one of China's largest online payment platforms, reaffirmed on Monday that it fully agrees with the financial regulators' approach and it will launch comprehensive scrutiny of its business model. The company also pledged to take effective measures to curb debt risks.
As 2020 is rapidly winding down with the once-in-a-century coronavirus still taking its toll in many countries, China, successfully controlling the health crisis, is busy choreographing the next Five-Year Plan to make its economy even bigger and stronger by 2025. The country's vision for 2035 is to double its present $15 trillion economy to reach $30 trillion to become a moderately prosperous nation in the world.
The economic decoupling between the US and China is not a new trend. A decade ago, US manufacturing factories began to leave China because of increasingly expensive labor costs. The more recent bilateral trade war brought a second dimension into the flight of US companies as high tariffs threatened to disrupt China imports alongside rising costs. This year COVID-19 has brought a third dimension into the complex situation.
Facing a voracious round of assault from the coronavirus and an economy in doldrums because of the health crisis, the incoming US administration of Joe Biden is hoped to chart a new course of policy interventions - categorically different from the inertia displayed by Donald Trump's team.
Following an 11-hour shock suspension of Jack Ma's Ant Group IPOs at the Shanghai and Hong Kong stock exchanges, China's market regulators are tightening anti-trust legislation to dial up scrutiny of the country's internet-based platform giants, in an effort to restore fair competition in the increasingly important digital economy, and to protect new competitors and the broader consumers.
The economies of China and the US remain largely complementary and mutually-facilitating. A continuation of the bitter bilateral trade and technology war which was launched by the Trump administration will harm both nations, extensively and deeply. It is time to retract and repeal that reckless and poisonous policy.
The course for the next 15 years of China's economic development has been charted at the CPC Central Committee's 5th plenum which concluded on Thursday. The ruling party hopes to build the country into an economically prosperous and militarily strong country by primarily depending on local indigenous innovations.
Supported by China's strong economic recovery from the COVID-19 crisis, the value of the yuan has witnessed an outstanding rise. From the middle of July through Friday's close, the currency has grown 4.6 percent against the US dollar, one of the biggest quarterly gains since 2008, when the Olympic Games was held in Beijing.
China's economy bounced back from July-to-September, with the third quarter's GDP rising an impressive 4.9 percent year-on-year, the country's National Bureau of Statistics said Monday - a verification that large numbers of Chinese consumers have regained their confidence to shop, travel and entertain.
With few signs of success in taming the coronavirus onslaught in India, the government of Prime Minister Narendra Modi is now facing the daunting challenge of bringing Asia's third largest economy back to positive growth. New Delhi has fared the worst among the world's major economies since the COVID-19 pandemic struck our planet.
Sky-rocketing US federal debts, rock-bottom interest rates and concerns about an upcoming resurgence of the coronavirus pandemic coupled with the winter influenza are hyping up skepticism that the "K-shaped" economic recovery in the world's largest economy is now an ongoing reality.
US President Donald Trump issued a short video clip from the White House on Wednesday, in which he again shifted his administration's poor COVID-19 response to someone else.
The Trump administration's maneuver to divide TikTok's global operations from its China business, and its aspiration to take over TikTok global operations at a later stage, looks shrewd, but in essence is outright pillage of a non-American company.
With a rapidly prospering China, the road of confrontation which the current Australian government has chosen for itself against China won't be an easy trek, and will very likely prove to be a dead end for Canberra. The decades-long mutually beneficial economic relationship between the two countries is gone.
As respected partners, China and the European Union (EU) share a common responsibility to resolutely support free trade, multilateral cooperation and Euro-Asian continental economic integration - bedrocks for the prosperity and peace of billions of people across this enormous landmass. The China-Germany-EU leaders' summit scheduled on Monday will become a pace-setting moment.
With China's per-capita GDP rising to $10,400 in 2019 and the US government doing its utmost to harass and contain China's progress, Beijing is to reorient its economic policies by developing its domestic market, while enhancing trade and economic partnership with friendly countries and regions.
Facing a multitude of intensifying crises, the current US government isn't looking for solutions to dissolve its difficulties, choosing instead to escalate economic and political tensions with China, as if all the problems embroiling America could be fixed by playing the "China-Bashing" card. The paranoid is getting thicker.
A summertime electronic music concert recently held in a Wuhan pool, featuring hundreds of young party-goers reveling, singing and dancing, shoulder-to-shoulder and without wearing facemasks, has amused many across the world. The scene also begrudges many overseas as their countries are still in the midst of battling the novel coronavirus.
US President Donald Trump once again displayed his bigotry as well as his utter contempt for science by scapegoating China, referring to COVID-19 as the "China Plague" in a tweet on Tuesday.
Leaving the raging COVID-19 pandemic, rising fatalities and a grave economic recession unattended, the Trump administration has further veered off course by picking up a broader fight with China, in a desperate attempt to maintain its base of ultra-right supporters who will vote for him on November 3.
The Trump administration has ratcheted up an attempt to "decouple" with China, and now, a good number of American geopolitical analysts are also jumping on the bandwagon demanding a clear demarcation between the world's two largest economies, in their hardening perception that China's economy would suffer more and its rise would be contained.
As the US presidential election in November draws near, the incumbent Trump government has opted to exacerbate economic, diplomatic and political attacks on China - to deflect the administration's disastrously failing response to the COVID-19 pandemic which has claimed more than 140,000 American lives and sent its economy into free fall.
The British government's latest move to strip Huawei Technologies from the country's 5G networks by 2027 is a very bad decision that shows London is kowtowing to coercion from the Trump administration, and brazenly discriminating against a Chinese private high-tech company.
China's economic engine is now completely rebooted and the government's earnest efforts to contain the novel coronavirus outbreak have paid off. Chinese economists are mostly optimistic, predicting that annual economic growth will reach 3 percent - a feat likely to be envied by the world's other major economies.
As an emerging country in South Asia, India relies on geopolitical peace, as well as investments and know-how from its giant northern neighbor China, to grow its still backward economy. But apparently there are not many visionary strategists in that country.
The current US government, clueless on containing a plethora of daunting challenges like the COVID-19 pandemic and race-related violence at home, is ramping up its efforts to assault progressive forces in the world - be it green production to reduce global warming headed by the European Union, or next-generation ultrafast wireless broadband technology led by China's Huawei Technologies.
The deadly physical scuffle between Indian and Chinese border troops on June 15 was an unfortunate clash and should not be used by politicians and conspiracy theorists, both inside and outside India, to arouse nationalism and hatred toward China - a giant neighbor that India relies on to grow its economy.
The Trump administration has been pressing forward an initiative to remove global industrial chains from China - the world's manufacturing powerhouse, in Washington's wicked attempt to inflict harm on China by "decoupling" the two economies in trade and technology.
A couple of days after China's Ministry of Culture and Tourism urged citizens to avoid holidaying in Australia, the Ministry of Education on Tuesday issued another alert warning Chinese students to stay away from Australian schools, citing a significant increase in racial discrimination and even violence against Chinese and other Asians.
Whatever the kind of geopolitical rivalry that the two powers, the US and China, are now engaging themselves in, the distinctive place of Hong Kong as a cultural and economic bridge between the East and West should be preserved and prolonged, which is widely believed to not only benefit the city itself but also the whole Asia-Pacific region, including the interests of the US.
China's leaders are blowing the horn by encouraging scientific and technological workers across the country to make new and greater efforts and contributions to build China into a global technology and innovation power. The call is resonating well with Chinese scientists and the younger generations studying in universities.
As the clock ticks quickly toward November 3, the Trump administration, mired in the results of its messy response to COVID-19, is reigniting a tussle with China in a desperate attempt to deflect its dereliction of duty. It has now banned Huawei from purchasing semiconductor chips that are made using any US technology, such as technologies by TSMC and Samsung.
As the clock ticks quickly toward November 3, the Trump administration, mired in the results of its messy response to COVID-19, is reigniting a tussle with China in a desperate attempt to deflect its dereliction of duty. It has now banned Huawei from purchasing semiconductor chips that are made using any US technology, such as technologies by TSMC and Samsung.
China-EU collaboration both during and after the pandemic
China will allow US barley imports that meet relevant requirements, read an announcement the General Administration of Customs published on its official website on Thursday.
Facing a cascading coronavirus onslaught and the tumult of the impending presidential election in November, US President Donald Trump and his team are playing the "China-bashing" card again, a ritual the cohort of China hawks in Washington find useful and expedient to shirk responsibility and guilt.
The US' very institutions and its boastful system have failed, miserably!
US president Donald Trump will place more precious American lives in harm's way if he stubbornly hastens a reopening of the economy being shut down.
The novel coronavirus continues to churn the world by crushing public health systems and decimating thousands of lives each passing day. As the world's two most resourceful economies, the US and China should join hands in working out better therapeutics and speed up vaccine testing and development.
With the coronavirus pandemic stoking unprecedented volatility across varying asset classes globally, a galaxy of investors has lately felt at sea with future directions. Hard-won life lessons of Wall Street influencer Stephen A. Schwarzman (Schwarzman) therefore instantly seem to be a beacon of hope.
Recent reports on Chinese-made face masks, and other medical supplies deemed sub-standard by other countries have emerged, and social media trolls, pundits, and politicians have had quite a field day with the stories. It's another opportunity for them to bash China, their perceived common enemy.
Recent hyping of anti-China sentiment on India's social media networks may risk sabotaging potential cooperation between the two neighbors in the global pandemic fight.
Chinese enterprises should be aware of the standards different countries have imposed on medical supplies when exporting or donating products.
To shield China's economy from the assault of the novel coronavirus, which is spreading voraciously across the globe, this country needs to mete out a proportionately larger stimulus package - targeted at revitalizing domestic spending power while pivoting to fire up more investment on future technologies.
The death of a Chinese worker from the hantavirus has sparked wide attention, especially overseas. The virus poses very low risks, but, amid the coronavirus pandemic, it's a signal that developing countries, such as China and India, should invest together and cooperate in the public health field.
Facing an escalating coronavirus threat, some countries have imposed harsh lockdowns and border controls, which may cause shortages of daily necessities due to incomplete industrial chains. A global coordination mechanism covering basic necessities among countries is imperative.
India is reportedly locking down large swaths of the country. Such hard-core moves have merit and will effectively counter the growing threat of the coronavirus pandemic. But India's economic revival after the pandemic should be prepared in advance. China can play an active role in this process.
During a big crisis, like the raging novel coronavirus pandemic the world is now facing, a country calls for strong and no-nonsense leadership. But apparently, Donald Trump is not that leader.
What are the most serious challenges of preventing and controlling the coronavirus in Beijing and Washington? The key is whether China and the US can ensure timely and effective treatment of the four types of people: low or no income and low or no medical insurance.
Inefficient responses from Western countries to the coronavirus pandemic will eventually cost their middle and lower classes. Many Western media that used to side with biased politicians attacking China now admit the incompetence of their own governments.
The Indian economy is already expected to slow further this year, and the threat of the coronavirus could add extra pressure. Western countries like the US have shown, the biggest threat is ignorance and unpreparedness. India must be wary of the risks and fully prepared.
As #COVID-19 spreads across the world, nations should together devise an emergency coordination mechanism to remove transportation barriers to solve the shortage of medical supplies in countries that need them most.
It is heartening to see that the ferocious spread of the coronavirus has been effectively contained in China, which has been evidenced by the single-digit daily new infections in the worst-hit city of Wuhan. Other provinces and cities in the country have largely been cleared of the disease.
After the coronavirus rapidly spread across his country, US President Donald Trump on Wednesday night delivered a rare national address to reassure the US public and calm skittish financial markets. But the roughly 10-minute speech was anything but reassuring and calming.
As the world continues to grapple with the fast-spreading coronavirus and desperately searches for supplies of essential protective gear and medical treatment equipment, some in the West are seeking to bring geopolitics into the equation.
The US economy is highly dependent on the stock market. The bearish US stock market may be temporary, which needs to be closely watched. However, if the US stock market keeps sliding down, the impact on the US economy could be huge, sending jitters to the world economy.
Oil prices have experienced an unexpected decline in 2020, a year that has undoubtedly gotten off to a bumpy start. The sudden and steep fall in oil prices may offer opportunities for energy importers to stock up resources, and for China to fulfill its energy purchase commitment to the US outlined in the phase one trade deal.
Making China's yuan availability easier to worldwide investors, the currency is more likely to become a global reserve tender at an earlier date, which will help the country and the world a lot. And now is the "time window."
Skepticism has mounted as to whether China can meet its economic targets for 2020 under the impact of novel coronavirus pneumonia (COVID-19).
Even before entering the White House, US President Donald Trump boldly vowed to revitalize the US manufacturing sector. To fulfill that promise, the Trump administration has waged costly trade wars and pushed for a China-US decoupling. After the novel coronavirus broke out in China, US Commerce Secretary Wilbur Ross asserted that the epidemic would bring manufacturing jobs back to the US.
While many industries in China are expected to see customers rush to make up for lost time in spending once the coronavirus outbreak ends, a rapid recovery in domestic consumption may not come as easily as expected.
While countries around the world are combating novel coronavirus phenomena (COVID-19), some US politicians seem to be downplaying the danger posed by the virus. Such an irresponsible attitude could lead to an outbreak in the US, which could eventually damage the country's economy and drag the world economy down with it.
Lacking transparency and an efficient response to the spread of novel coronavirus pneumonia (COVID-19), the US government has blinded global markets. Amid an epidemic that is sprawling worldwide, certainty is what the world needs most.
As China has seen a light at the end of tunnel following 40 days of arduous and painful efforts to contain a sudden assault of the novel coronavirus, the US now remains in a state of tardy preparedness. The Trump administration is still accusing the American media of exaggerating the threat of the deadly disease and purposely helping the Democrats to defeat him in this year's presidential election.
Panic driven by the possible spread of novel coronavirus pneumonia (COVID-19) in the US has sent the country's stock market plummeting for days. Only actions to combat the virus, rather than words, can save the US stock market from a meltdown and stop it from once again becoming the center of a global financial crisis.
Next week, the World Intellectual Property Organization (WIPO) will hold an election for its next director general. This was supposed to be a serious but standard matter handled in line with existing regulations and procedures of the agency. But the US, as it has done many times before, is seeking to interfere in the election and bend the agency's 191 other members to its political will and put its economic interests over those of others.
Under the daunting impact of the novel coronavirus assault, China's economic activity has taken a hit. Now as the country scrambles to restart its economic engine, a premium economic sector calls for extraordinary attention from the country's top decision-makers - the country's 4,000-odd banks.
Fear and overreaction over the spread of a deadly coronavirus may inflame a new wave of protectionism as some countries mull import bans on Chinese products. As the virus threatens to spread through Japan, Tokyo should spare no effort, regardless of the cost, to stop the spread before any protectionist measures are introduced, otherwise the whole industrial chain in Asia may suffer a deadly blow.
As the coronavirus epidemic remains a challenge in parts of China, indicators concerning the outbreak and a recent shift in government priorities suggest the world's second-largest economy is ready to reignite its engine full steam ahead after a multi-week standstill.
Despite the fallout from the relentless assault of COVID-19, the deadly novel coronavirus pneumonia, China's equities market has been boisterous lately with rising indexes and amassing capital input as investors are elated to see strong financial and fiscal policy support from top decision-makers.
US Senator Rick Scott earlier this week sent a letter to the World Health Organization (WHO), requesting an "independent analysis" of the novel coronavirus pneumonia (COVID-19) outbreak in China and questioning the safety of Chinese products. His biased views will not stand up to criticism and are nothing but political posturing.
New Jersey-based insulin pump maker Valeritas has filed for Chapter 11 bankruptcy, listing novel coronavirus pneumonia (COVID-19) as an uncertainty.
After weeks of attempting to sow chaos and spread fear about the outbreak of the deadly novel coronavirus in China, some media outlets and individuals have shifted focus to another battlefield - the Chinese economy. The shift comes as Chinese officials have moved swiftly to minimize the potential blow to growth from the epidemic.
India on Saturday adopted harsh measures barring foreigners who have been to China since January 15 from entering the country via air, land or sea, according to a report by the Times of India.
Assuring signs appear to emerge as the numbers of newly infected novel coronavirus pneumonia (NCP) patients and suspected cases have both been dropping from February 7. But now is not the time for the public and the medics fighting on the frontlines to slack.
As the outbreak of the novel coronavirus (2019-nCoV) rattles the Chinese economy, globalization is also expected to face an unprecedented test from the sudden shutdown of the world's factory.
The ongoing coronavirus outbreak in China and cases found overseas have triggered concerns over whether the China-Pakistan Economic Corridor (CPEC) project will be affected or stalled. The two countries should now work hand-in-hand to safeguard the smooth implementation of the CPEC.
Anxiety has risen following confirmation that a deadly coronavirus originating in Wuhan, capital of Central China's Hubei Province, can be transmitted human-to-human. People in the city with plans to travel abroad are advised to cancel their trips during the upcoming Spring Festival.
Marco Rubio, the US senator behind the anti-China legislation on Xinjiang and Hong Kong, has lately taken another wrong step with his op-ed piece in The New York Times on Friday where he criticized, on unreasonable grounds, the financial services section of the phase one trade deal signed between China and the US.
China has made interim progress in preventing and resolving major financial risks. But potential risks may continue to be exposed. We need to form a deeper understanding of the causes.
It might be India's best and hardest financial sector job. HDFC Bank, the $99 billion Indian lender, is gaining market share, defying a widening economic malaise.
The easing of the trade war does not offer sufficient relief to concerns over a potential China-US technology war.
With the signing of the phase-one trade deal between China and the US, the 22-month-long tariff escalation is tapering off, which will be a moderate boon to the world economy in 2020. However, seriously disrupted global supply lines are unlikely be repaired anytime soon.
The battle over Santander's CEO has given human shape to banking's fault line. It's a year since Ana Botin, the Spanish lender's chairman, reversed her decision to make UBS executive Andrea Orcel the group's next boss.
The inking of the phase one trade deal between China and US has called a truce in the two-year, crippling trade conflict between the world's two largest economies. The détente will set the pace for lowered tariffs, trade revival and a gradual normalization of the previously disrupted global supply chain - steps that are desired by the global community.
China's economic development should focus on solving structural problems in 2020. Tax and fee reductions or interest cuts should be implemented to support specific industries and sectors.
London's Old Street gyratory, where Hackney meets the City financial district, has been jammed with traffic for the best part of a year.
US President Donald Trump should consider meeting with Ren Zhengfei, founder of Chinese tech giant Huawei Technologies, at the World Economic Forum in Davos next week.
The inking of the phase one trade deal between China and US is set to call a truce in the two-year, crippling trade conflict between the world's two largest economies.
A phased approach to de-escalate the China-US trade conflict has effectively worked, with the signing of a phase one trade deal expected this week. As part of the monumental deal, China will ramp up purchases of US products, notably farm goods and energy, in the foreseeable future.
Mark Carney may leave his successor a timely handover present. Britain's weak economic performance gives the Bank of England governor a reason to cut interest rates at the end of January, before making way for Andrew Bailey in March.