Against the backdrop of a high inflation crisis, a serious supply chain tension has become an acute issue in the US with a swath of cargo ships stranded in ports while Americans may face empty shelves on the cusp of the holiday season. So it's not surprising that Transportation Secretary Pete Buttigieg predicted during a recent CNN interview that supply chain issues will continue into next year.
After the sensational talk about China filling the "vacuum" left by the US withdrawal from Afghanistan, some US media outlets have begun whining about the potential economic cooperation between Kabul and Beijing. But China's Afghan policy will only be carried out in accordance with its overall foreign policies and national interests with no regard for US badmouthing and criticism.
Among India's major trading partners, China and the US have been taking turns to register as the largest trading partner of the South Asian country. The latest data showed that the US ranked first again on the list.
Coping with sharply rising prices of food, fuel, homes and rents and more, so that American voters won't feel their pocketbooks and well-being are diminished is the biggest challenge facing US President Joe Biden now.
It is not uncommon to see US politicians propose a self-reliant industry policy as a solution to the supply chain crunch, but it is such kind of misguided approach built on protectionism and economic politicization that has actually allowed a short-term supply chain bottleneck to ferment into a real crisis.
After a period of turbulence in bilateral relations, China and the EU appear to be ramping up diplomatic communication and exchanges.
Every few years, America's debt ceiling showdown takes the world economy over the precipice of disastrous financial crisis and deep recession. As the measures of raising or suspending the debt limit are now a routine to stave off an imminent default, America's bizarre sovereign default crisis has become a growing threat to the world.
The Indian government recently announced a plan to privatize the country's national carrier Air India. India's Tata Sons will pay $2.4 billion to buy a 100 percent stake in the struggling airline, according to a government statement. The move ends a decades-long struggle by the government to unload the money-losing venture.
With the global power crunch raising alarms for the coming winter power consumption peak, the market is anticipating Wednesday's release of China's trade data for September for more clues as to whether the country will increase coal imports sharply in the coming months.
The deepening of economic cooperation between the two major Asian economies can indeed become a stabilizer for bilateral relations. What India now needs to show is its sincerity in repairing trade relations with China.
An unprecedented energy crunch is sweeping much of the world even before the Northern Hemisphere winter season fully sets in, when more electricity and heat are needed in homes and in factories.
The Pentagon's former chief software officer Nicolas Chaillan said that the US has already lost artificial intelligence (AI) competition to China. In an interview with the Financial Times shortly after his resignation, Chaillan said there was "good reason to be angry," because "the US has no competing fighting chance against China in 15 to 20 years."
Now that Huawei's CFO Meng Wanzhou has returned to China after reaching a deal with the US Justice Department, it is time to reflect about her possible “successors”, not in Huawei's boardroom but on the list of targets of America's long arm jurisdiction.
The recklessness and provocation displayed by former Australian prime minister Tony Abbott over the Taiwan question may be far from being a sign of Australia about to commit any crazy act, but representing a worrying sign that some extreme anti-China forces there intend to escalate China-Australia tensions into a military confrontation.
US internet company Google said it plans to invest $1 billion in Africa over the next five years to ensure local access to faster internet, and the firm pledged it will back startups to support the continent's digital transformation.
Following a 9-month-long review of Donald Trump's China policy centering on containing the world's second largest economy by launching a relentless trade war, the Biden administration plans to ratchet down the fight.
Recent power shortages that are affecting many major economies in the world are jeopardizing India's hard-won economic recovery from the COVID-19 pandemic. India's power plants are reportedly running dangerously short of coal. As many as 63 of the 135 coal-fired power plants in the country have only two days - or less - of coal supplies.
As the Chinese society is watching whether Chinese real estate giant Evergrande can weather a liquidity crisis through an asset selling spree, some from the West have already gone too far in hyperventilating about its spillover effects on the world economy. But that won't disrupt the pace at which China addresses some of its potential systemic risks.
Afghanistan is now on the verge of a humanitarian and economic crisis. Despite the fact that the international community has pledged more than $1.2 billion in humanitarian and development aid to the country, Afghanistan appears still approaching a critical point. Executive Director of the United Nations' World Food Programme (WFP) said that 14 million people in Afghanistan – one-third of the population – are facing food insecurity.
The 13th China International Aviation & Aerospace Exhibition (Airshow China) kicked off on Tuesday, showcasing a great deal of cutting-edge technologies. But some Western media made a lot of speculation about the absence of China's home-made aircraft at the event, claiming that the absent C919 has found it harder to meet certification and production targets due to the US' tech blockage on China.
After Lithuania sought to develop relations with the island of Taiwan in a way that violates the one-China principle, there have been increasing voices in the EU placing an unusual and dangerous focus on developing ties with the island. European leaders would be well advised to avoid crossing China's red line on the Taiwan question.
The recent power outages in many areas of China have attracted widespread attention from foreign media outlets. Some of them overly exaggerated the supply shortage; others have mistakenly linked it to problems that plague the global supply chain.
In the latest instance of fearmongering commentary over the Chinese real estate giant Evergrande's debt crisis, an opinion piece on Bloomberg on Tuesday tried to use the firm's troubles to disparage China's genuine aspirations to improve quality of life for its 1.4 billion people and its poverty alleviation efforts that have already achieved a historical milestone in eradicating extreme poverty, claiming that “common prosperity can turn into shared poverty very quickly.”
As agent of chaos, when the US set its sinister foot in Afghanistan, it created chaos and when it left, created further chaos by freezing assets of Afghanistan which has triggered a humanitarian and economic crisis.
After being arbitrarily detained in Canada for 1,028 days, Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday. A US district judge reportedly accepted the deferred prosecution agreement, which will last until December 1, 2022. Meng has not pleaded guilty and the indictment is expected to be dismissed with prejudice after 14 months, according to her legal counsel.
The 13th China International Aviation & Aerospace Exhibition (Airshow China) is set to be held in Zhuhai, South China's Guangdong Province, from Tuesday to Sunday, with nearly 700 companies from around 40 countries and regions participating in both online and offline events.
While many observers expect the return of Huawei's Chief Financial Officer Meng Wanzhou to create a relatively favorable atmosphere for US-China relations, some stubborn anti-China forces can't help but flagrantly point an accusing finger at the development, only to make themselves look like a “contemptible scoundrel” like in a well-known Chinese idiom.
There is much buzz amongst global investors recently about two possible debt defaults, though they are of different proportions in their would-be impact on global equity markets. One is the US federal government's rivers of borrowed money running dry and in urgent need of replenishing.
The UK government is reportedly closing in on a deal that could kick China's nuclear power giant General Nuclear Power Group (CGN) out of the ￡20 billion ($27 billion) Sizewell C nuclear power project on so-called security grounds.
The COVID-19 virus is “very likely” to have hidden somewhere in the world twenty years or fifty years ago, Gao Fu, director of Chinese Center for Disease Control and Prevention, said at the 2021 Zhongguancun Forum on Saturday.
Days after the Chinese mainland formally submitted its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the island of Taiwan also filed to join the free trade treaty. The Taiwan authorities on Wednesday said they have notified all members of the CPTPP of its formal application to join and sought their support.
Following several days of belligerent claims and counterclaims between France and the US over what French officials called a stab in the back in the form of a new agreement among the US, the UK and Australia known as AUKUS, tensions between Paris and Washington appear to be simmering down.
Leaders from the US, Japan, India and Australia are set to meet for the first-ever in-person Quad summit in Washington on Friday.
After vowing to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, China recently pledged to stop building new coal-fired power projects abroad and step up support to other developing countries to obtain green and low-carbon energy.
French President Emmanuel Macron on Tuesday discussed cooperation in the Indo-Pacific region with Indian Prime Minister Narendra Modi, after the AUKUS submarine deal spiraled into an unprecedented diplomatic crisis between Western allies. In telephone communication, Macron and Modi said they would “act jointly” in the area.
While US officials have stayed put grumbling, endlessly, about their national security concerns over Huawei, the Chinese tech giant has chosen to charge ahead amid a storm of unfounded allegations and accusations.
The new submarine deal in which the US and the UK pledge to help Australia build a fleet of eight nuclear-powered submarines, has sparked an intense backlash in France and across the EU.
China's recent application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has received a negative response from the US, which had originally pushed the free trade treaty as a way to exclude China during the Obama era before abruptly withdrawing from the deal in the early days of the Trump era.
Cooperation based on mutual respect is the only correct path that will benefit China, the EU, and the global economy. With mutual respect and mutually beneficial cooperation, China and the EU can turn their differences into reciprocal advantages and work together to accomplish significant achievements. The EU should stop indulging in a confrontation mindset based on a crooked ideology.
A week ago, Chinese and US leaders held a phone call that injected some positive sentiment into what have otherwise been rapidly deteriorating China-US relations. Nevertheless, the US government seems to continue to provoke China on some issues related to China's national security, including Taiwan Island and the South China Sea.
Australian taxpayers have every reason to demand an answer from the Morrison administration as to why ordinary Australians always end up paying for America's cold war gambit. The US, UK and Australia announced Wednesday the trio would form a new trilateral security system for “ensuring peace and stability in the Indo-Pacific.” As part of the security pact, known as AUKUS, the US and the UK have pledged to provide Australia with the technology and capability to deploy nuclear-powered submarines, according to media reports.
Despite the increasingly tough voices over the so-called financial decoupling between China and the US, the resumption of the China-US Financial Roundtable (CUFR) may be a sign that the idea is not popular to all.
It is no secret that the US and its allies have been busy setting up barriers to block Chinese technology development in recent years. With the Biden administration attempting to lure its allies to form an anti-China clique, they are reportedly weighing on a new step to form a united front to restrict Chinese investment.
Uruguay's government is reportedly pushing ahead with free trade talks with China, hoping to become a gateway for the regional Mercosur bloc in negotiations with the world's second largest economy.
Anti-China forces within the European Parliament are expected to create fresh damage to China-EU relations by once again provoking China over the Taiwan question.
The Afghan Taliban has established a new interim government. The next test for them is how to lead war-torn Afghanistan out of economic difficulties and diplomatic isolation. Can Afghanistan's rich mineral resources help the Taliban rebuild the country?
During a visit to the US, South Korea's Trade Minister Yeo Han-Koo held a meeting with US Trade Representative Katherine Tai on Monday. The two "emphasized the importance of working closely together to strengthen supply chain resiliency, including in the area of semiconductors," read a statement issued by the Office of the US Trade Representative.
Signs that the Biden administration doesn't appear to have given up on the idea of starting a new trade war against China have triggered renewed market concerns over the escalation of trade frictions between the two nations.
German Chancellor Angela Merkel, after 16 years at the helm, is leaving her office in two weeks after the federal election. During the election campaign, her potential successors pledged to part course with her by being tougher with China, which raises concerns if the vital and mutual beneficial cooperation between the two countries will face headwinds.
While some Western media outlets tried to draw a link between the Chinese regulatory fine against Canadian clothing maker Canada Goose (CG) and China-Canada tensions, observers should turn their attention to what the Canadian government has done to a Chinese company as a genuine example of political discrimination and suppression.
From Covid-19 prevention and containment, economic recovery, climate change and a wide range of global affairs, the Biden administration is now aware that it cannot make any meaningful progress without China's participation and help.
The devastating resurgence of COVID-19 across the Southeast Asian region has disrupted many local manufacturing sectors, clouding the recovery of global production. The global shortage crisis of microchips is no exception, with a new blow dealt as one leading Malaysian manufacturer temporarily shut down some of its factories amid a new wave of infection.
While the withdrawal from Afghanistan war has triggered reflection on US military interventions across the world over the two decades since 9/11, 2001, the troubles are far from over and another far worse crisis is looming in the country as the US war economy has already thrown the US debt level onto an unsustainable track.
After single-handedly and ruthlessly trashing ties with its biggest trading partner and costing its economy billions of dollars and countless jobs in export-oriented sectors, Australia, rather than trying to rectify its mistakes and fix ties with China, appears to be betting everything on finding alternatives in its small circle of political allies.
As the UK has been tightening scrutiny over foreign investment under a stretched concept of national security, a potential acquisition by a Chinese scientist-founded firm of a small Welsh graphene manufacturer has appeared to become the latest target of such scrutiny.
Billionaire investor George Soros, who is despised by many around the world for triggering and profiting from crises, started a fresh campaign against China's economy over the country's recent regulatory actions. But like his repeatedly failures and massive losses in betting against the world's second-largest economy before, Soros' latest attempt is not only doomed to fail but will also erase any credibility he still has when it comes to China.
Pascal Lamy, the former head of the World Trade Organization (WTO) who has long warned about the negative impacts of US efforts to "disengage" elements of its economy from China, recently said that China's regulatory efforts to increase controls within its technology sector add another "decoupling engine" to the global economy, according to Bloomberg reporting.
The European Centre for Constitutional and Human Rights (ECCHR), a German-based organization, recently filed a criminal complaint in the country against several textile brands and retailers, accusing them of being complicit in crimes against humanity on the basis that their supply chain may contain cotton from Northwest China's Xinjiang Uygur Autonomous Region. Several companies, including Hugo Boss and Lidl, were named by the ECCHR in a statement.
As the Taliban reportedly invited six neighboring nations, including China, to attend an event dedicated to the announcement of the composition of new Afghan government and sought for cooperation with China, there has been rising speculation about China's potential participation in Afghanistan's reconstruction. Some even went further to suggest that China's potential participation may be against Pakistan's interests in the country.
China has released the general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin, an island located in the city of Zhuhai in South China's Guangdong Province, just across the Macao Special Administrative Region.
Even as a US-led 'G7 version' of the China-proposed Belt and Road Initiative (BRI) failed to gain any traction, Estonian Prime Minister Kaja Kallas unadvisedly raised the topic again in a recent interview, calling for integration of infrastructure plans of the West to rival the BRI.
As the global climate change conference in Glasgow, the UK, draws closer, diplomatic efforts to prepare for the crucial meeting is ramping up.
As the world's largest exporter, a large surplus country, and the world's largest economy in the near future as many have forecasted, China may be duty-bound to be the standard-bearer of free trade at this stage.
India's concern over the US' debacle in Afghanistan is drawing renewed attention with growing pessimism toward the South Asian nation's loss of economic investment and geopolitical influence in Central Asia.
Japanese Prime Minister Yoshihide Suga, under pressure from the LDP powerbrokers, announced on Friday that he won't seek reelection as the ruling party leader, effectively ending his one-year stint as prime minister. Very likely, Japan will enter a period of increased political instability and volatility after the end of the lengthy reign of Shinzo Abe. Suga has been serving out the one year remaining on Abe's term, who left on health reasons.
The 6th Eastern Economic Forum (EEF) is currently being held in Vladivostok, Russia, from Thursday to Saturday.
After a chaotic and deadly evacuation debacle, the US' 20-year war in Afghanistan ended in disgrace and defeat. Political finger-pointing and calls for refection and accountability were seen and heard in the US.
India's treatment of economic cooperation projects as a tool for geopolitics, rather than a genuine regional cooperation, is also in part to blame for the debacle it faces now in Afghanistan.
By building up or improving management of a port, such kind of cooperation does not only bring about improved infrastructure for partner economies; much more importantly, it is a chance for the countries to get hooked to the global trading system and benefit from it.
The Biden administration's clampdown on Chinese companies trying to invest abroad in chip-related assets appears to be moving in a dangerous direction, one that requires vigilance from the global high-tech players.
Despite the cold water poured by the Western media, the Taliban's pledge to ban drugs in Afghanistan may actually rest on its cooperation with other regional countries, in cracking down on drug trafficking activities and seeking to invest on alternative industries to provide jobs for ordinary Afghans.
It is apparent that the US government, without a clear emission reduction plan itself, is reverting to its "blame China" playbook. China, by contrast, has rolled out a clear roadmap to achieve carbon emissions peak before 2030, and carbon neutrality before 2060.
The US believes it can smoothly shift the gears on the trilogy of "compete, cooperate and confront" China. However, the China-US engagement should not be dictated by Washington.
India faces a series of problems which need to be addressed before “benefiting from US investment that is leaving China.”
Afghanistan's reconstruction will largely hinge on whether the Taliban are able to stabilize the situation and restore order, while making full use of the country's mineral resources to ensure its growth and prosperity.
It seems like an enduring topic as to when Singapore will supplant China's Hong Kong Special Administrative Region (SAR) as Asia's financial hub, a topic which could always be reanimated whenever there is any update of seemingly supportive data.
A former director of the Office of Foreign Assistance at the US State Department recently published an article rethinking the US' foreign assistance which he believed has fallen behind China.
The Biden administration has stumbled on nearly every major issue over the past eight months, from the botched handling of the Delta variant, surging consumer prices and across-the-board inflation at home, to a slew of foreign policy debacles including his hastened troop withdrawal from Afghanistan, the ensuing tumult and loss of lives at the Kabul airport.
Despite Washington's support to Canberra, it seems that the US did not hesitate to take over Australia's place as a leading beef exporter to China.
A group of Wall Street veterans and high-level Chinese government officials are planning to hold a virtual meeting of the China-US Financial Roundtable (CUFR) for the first time in a year, Reuters reported on Wednesday. The CUFR, formed during the escalating China-US trade tensions in 2018, is reportedly set to convene again in autumn.
With the chaotic evacuation of the US and its allies from the Kabul airport still underway and profound political and security uncertainty still hanging over the country, it is difficult and may even be premature at this moment to envision the kinds of social and economic development that could take place in Afghanistan going forward.
As the US seeks to impose sanctions against Afghanistan and stop much-needed global assistance to the country, the already-emerging global de-dollarization push could further accelerate with countries increasingly adopting alternatives to the US dollar.
With the Delta variant overwhelming the line of defense in Vietnam over the past few months, signs of relocating orders from the Southeast Asian manufacturing hubs to China are beginning to emerge.
The challenges faced by the US economy are deeper and wider, and it may only be a matter of time before the bubble bursts. Instead of fixating on confronting China, the nation should focus on addressing its own problems, and may start with saving more money.
The drastic change in Afghanistan has provided a renewed opportunity for cooperation between China and the EU as both sides have economic interests in the region. Such cooperation is not only urgently needed in Afghanistan but is also conducive to promoting stability and development in the country.
In yet another defiant move that might end up threatening its own interests, the Australian Senate on Monday passed a China-targeted bill to ban imports made with what it deems to be “forced labor.”
Even as the US continues its chaotic evacuation from Afghanistan and the situation remains fluid in the country, the most pressing issue for all parties is the rebuilding of the country.
In a closely-watched statement late Friday, China's securities regulator vowed to take a staunch stance on institutional opening-up of capital markets, calling for the creation of conditions to forge an auditing supervision partnership with the US, while deepening connectivity between the Chinese mainland and Hong Kong and supporting stable development of the Hong Kong capital market.
Lithuania must pay the price for openly provoking the one-China principle and undermining China's sovereignty.
Many households in China have become much better-off compared with two decades ago thanks to rapid and broad-based economic growth across China, but inequality of household income and wealth has also expanded. As a socialist country, the authorities are committed to the equitable welfare growth for the majority of Chinese people, while at the same time, encouraging a small number of wealthy entrepreneurs and financiers to contribute more to charitable initiatives.
Benchmark iron ore futures on Thursday recorded significant drops as concerns grow over sluggish demand for the raw materials.
As Chinese regulators mount a broad and swift crackdown on monopolistic and other illegal practices in several sectors, including internet and after-school tutoring, many questions have been raised: Is this a short-term trend or a lasting theme for China's regulatory environment going forward? How will this action weigh on China's economic growth? Has it become too risky for foreign businesses to invest in China?
While the US' bungled and embarrassing withdrawal from Afghanistan is still shocking the world, the American media has already started to worry about possible cooperation between the Afghan Taliban and China, especially when it comes to Afghanistan's rare-earth resources.
US Republican Senator Marco Rubio on Tuesday renewed calls to block short-form video sharing app TikTok in the US, after some media reports said China took an ownership stake in a subsidiary of ByteDance, the Beijing-based parent company of TikTok, Reuters reported.
US Securities and Exchange Commission Chair Gary Gensler escalated a crackdown on Chinese companies in what was described by Bloomberg as “his most direct warning” about the risks of investing in Chinese companies on Monday.
Construction on the first river-crossing railway bridge between China and Russia was completed on Tuesday. With overland transport infrastructure increasingly enhanced and accessible, new artery will effectively link up numerous inland countries and cities and release unrivalled economic and trade potential.
The deadly coronavirus Delta variant is sweeping across the world, triggering panic throughout global markets. With several cluster of new infections emerging in China last month, the country swiftly heightened prevention levels which immediately drew attention from Western media outlets who promptly questioned China's strict zero-tolerance epidemic prevention strategy and taking the chance to cast doubt over China's robust economic recovery.
The countdown to Germany's general election has begun. The Green Party's chancellor candidate's tougher talks when it comes to economic policies over China, among many topics, have been drawn attention, such as her latest notion of tighten trade policy toward China and impose higher tariffs.
Accusation by a US-based contractor that Chinese tech giant Huawei had set up a "backdoor" to spy on Pakistanis has drawn growing attention with the political implications behind the scene.
India celebrated its 75th Independence Day on Sunday, one day after its neighbor Pakistan. The two independent states, India and Pakistan, came into existence in August, 1947 as a result of the ending of the British India.