The UK is reportedly considering ways to remove China's nuclear energy company China General Nuclear Power Group (CGN) from its future power projects. “It's a further sign that relations between the countries are deteriorating,” Bloomberg reported.
US Secretary of State Antony Blinken is set to visit India in the coming days, offering a window of observation as to whether US-India relations could help lift the Indian economy out of its current distress.
In March 2021, Georgetown Law, the Peterson Institute for International Economics, AidData, Center for Global Development and Kiel Institute for the World Economy of Germany jointly issued a report titled “How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments”.
China unveiled last week a maglev transportation system capable of supporting train routes which can run at 600 kilometers per hour, the fastest ground vehicle in the world to date. Using electro-magnetic force, the country's self-developed maglev train would be able to shorten a travel between Beijing and Shanghai to just 2 hours.
If the second wave of the virus has devastated India more deeply than anticipated, the long-term economic impact may be even more devastating.
The record rainfall and deadly floods over the past several days in Zhengzhou, Central China's Henan Province have triggered China into a crisis management mode. As of Thursday noon, the situation remains dire in Zhengzhou and elsewhere in the province, where 33 are dead, eight are missing and over 3 million are affected.
A recent released 5G contracts set of Chinese network operator China Mobile sparked wide discussion as some observers identified “different trends” of the development of Nokia and Ericsson in the colossal Chinese 5G market, stating that while Finland-based Nokia has won its first 5G contract in China, Sweden-based Ericsson was going backwards.
US Trade Representative Katherine Tai on Wednesday met with Australian Trade Minister Dan Tehan. Tai emphasized that the US is closely monitoring the trade situation between Australia and China and stands with Australia to tackle this “shared challenge.”
The US government and its allies from Europe and the Asia-Pacific accused China of hacking the Microsoft Exchange email server. China's Foreign Ministry and embassies and representatives in several countries and international organizations have refuted the US' groundless accusation.
A total of 17 airport workers at the Nanjing Lukou International Airport in East China's Jiangsu Province tested positive for COVID-19 as of Wednesday noon. The source of the outbreak is still being traced, with the possibility of being initiated by imported infection cases, a local official said at a press conference on Wednesday.
The rainfall in Central China's Henan Province has caused distress in some areas over recent days. The extreme heavy rainfall in the city of Zhengzhou on Tuesday has caused waterlogging across urban areas. Although emergency rescues were launched at the first time, the disaster has affected local production and transport as reservoirs and rivers are still facing flood control dangers.
Though the recovery path ahead remains bumpy, the overall trend is that Asia is increasingly gaining weight in the global economy and the shift of the industrial supply chain towards the region has been enhanced. By speeding up regional integration Asia and Asia-Pacific regions will conquer the challenges in the way, defeating the virus and restoring growth.
Australia's largest communications provider Telstra Corp said on Monday it is considering buying mobile networks in six Pacific nations, which are currently owned by Jamaica-based telecom company Digicel Group, according to media reports.
As the fast-multiplying Delta variant of coronavirus stokes fresh concerns, the US economic recovery fueled by easy money and vaccines is facing new risks into the second half of the year.
Not long after the US economy boarded a high-speed recovery train, economists estimated that the growth speed is likely going to hit a high point in the second quarter and will later slow down as the boost from fiscal stimulus and reopening fade, according to a Wall Street Journal survey.
Even during his tour which aims to strengthen Canberra's trading relationships with several Asia-Pacific countries, Australian Trade Minister Dan Tehan didn't forget to express in the media his patience toward mitigating trade disputes with China.
The US Congress is reportedly processing a bill that will further obstruct talent exchanges and technology partnership with China. The recently passed House bill would bar scientists and academics from participating in US-funded research projects if they are also receiving support from China, the Bloomberg reported.
Major US media have once again hyped the US' restrictions on the sale of Dutch tech giant ASML Holding's advanced chip equipment to Chinese firms and boasted the measure's impacts on China's technological progress.
US Treasury Secretary Janet Yellen may be the highest-ranked official in the Biden administration to criticize US tariffs that remain in place on Chinese imports. “Tariffs are taxes on consumers. In some cases it seems to me what we did hurt American consumers,” she told The New York Times in an interview published on Friday.
China's economy grew 7.9 percent from April to June, the National Bureau of Statistics (NBS) announced on Thursday. The growth rate, lower than forecasted 8.1 percent by most market analysts, immediately draw major Western news media outlets to pour cold water on the world's second largest economy, with some portending it will deteriorate further in the coming months and unable to compete with the US economy.
The European Union and China this week both presented sweeping plans to limit greenhouse-gas emissions. As the two sides increase their efforts to promote green and sustainable development, working together to tackle climate change can become a highlight within China-EU cooperation.
How close China and Russia are in terms of diplomatic ties? Chinese State Councilor and Foreign Minister Wang Yi has described the two nations as better than allies.
In a letter to US Trade Representative Katherine Tai, some of the US' biggest business groups urged on Wednesday the trade chief to avoid resorting to punitive tariffs in its trade dispute with Vietnam, Bloomberg reported.
With India's daily tally of new infections on Tuesday hitting the lowest level since mid-March, many have turned their attention to the prospects for India's economic recovery, which appears to be full of challenges and opportunities.
The US Secretary of State Antony Blinken, at his first meeting with Association of Southeast Asian Nations (ASEAN), did not forget to point the finger at China and tried to drive a wedge between China and ASEAN - the two large economies which have become other's largest trading partner.
After a similar pledge by the G7 in last month, EU is reportedly seeking to launch its own infrastructure plan: A Globally Connected Europe. Some Western media outlets said the plan will rival the Belt and Road Initiative (BRI).
Despite the continuous decline in volume, China's iron ore imports in June still recorded a rebound in value from the previous month, an indication that it has become an urgent need for the country to diversify sourcing of the commodity.
Amid the US' paranoid efforts focusing on suppressing the development of China, the White House is reportedly planning to propose a digital trade deal and gather Indo-Pacific economies under its rules, as one latest measure to counter China in the region.
Amid Canberra's reckless diplomatic strategy and deteriorating ties with its largest trading partner, its tourism has emerged as a new sector unable to avoid the fallout with declining tourists from China even after the pandemic ends. Industrial practitioners are reportedly planning to turn to Japan and India for make up for these new dynamics, which would only end in futility as has been seen before.
While global food prices finally fell after experiencing 12 consecutive months of increases, vigilance is still needed to stave off uncertainties facing the international food supply.
While Western countries are actively pressing ahead with the largest overhaul of the international tax system in a century, whether developing countries will benefit from the redistribution of the global corporate taxation will be an inescapable question for the plan.
While under the poisonous influence of Western anti-China politicians trying to instigate antagonistic feelings among their citizens against China to shift the blame to Chinese shoulders, the "blame everything on China" trend has become a catch-all solution for any problem, including the rising housing prices which Chinese buyers barely impacted.
Chinese regulators' swift actions against Didi Chuxing this week unleashed quite a shock wave through the financial market and the vast domestic digital economy. Since the first action - a cybersecurity review - on July 2, the online ride-hailing giant's new shares in the US has plummeted 23.31 percent, a drastic reverse of its $4.4 billion debut on June 30 when investors embraced the largest Chinese IPO in the US since that of Alibaba Group in 2014.
The European Parliament on Wednesday approved the report addressing trade-related aspects and implications of COVID-19. The report also details the direction of trade policy the EU should take given new dynamics following an unprecedented health crisis.
With Trump administration's poisonous legacy of visa restrictions on Chinese students still leading the Biden administration on the wrong direction, a new wave of rejections of visa applications emerged recently at the start of summer. After their visa applications were denied, more than 500 Chinese students signed a letter to the Chinese Embassy in the US, which later sparked a wide discussion among Chinese netizens.
Right before the G20 finance ministers' meeting on July 9-10, at which G20 finance officials are set to review progress on the issue of global debt amid growing alarm about a looming debt crisis, some US politicians again did not forget to take the chance to shift the blame to China, unreasonably urging China and the private sector to “boost participation in G20 debt response,” according to the Reuters.
South Korea on Wednesday reported 1,212 new COVID-19 cases, marking the highest daily record since the winter outbreak.
While Hong Kong Special Administrative Region (SAR) is stepping up efforts to protect individual privacy and curb malicious doxing by enhancing related legislation, a Wall Street Journal report on Monday again hyped the so-called multinationals' withdraw threats, saying that Facebook, Twitter and Alphabet's Google have privately warned to "stop offer their services in the city if authorities proceed with planned changes to data-protection laws."
Chinese-owned semiconductor company Nexperia reportedly announced on Monday that it had taken full control of the UK's largest producer of silicon chips, Newport Wafer Fab (NWF).
G20 finance ministers and central bank governors are set to have the third meeting under the Italian G20 presidency on Friday and Saturday in Venice, Italy. Among agenda which includes promoting a post-COVID recovery and a more sustainable growth, the global minimum corporation tax issue is expected to attract widespread attention.
The enhancing economic ties between China and the Association of Southeast Asian Nations (ASEAN) have drawn attention worldwide, especially against the backdrop of intensifying China-US tensions.
China's cyberspace regulator on Monday announced that it was investigating job recruiting platform Boss Zhipin, and two truck-hailing apps under Full Truck Alliance, which are not allowed to register new users during the course of a cybersecurity review.
Meng Wanzhou, on a routine stopover at Vancouver airport, was arrested in December 2018, marking the start of a long-drawn extradition process to the US. To those who knew her personally it was quite a shock.
The lowest corporate tax rate in the world will not significantly impact China, where the corporate profit tax rate is 25 percent. High-tech companies in China enjoy a preferential corporate income tax rate of 15 percent, unaffected by the agreement. The current US corporate tax rate is 21 percent, which could be raised to 25 percent in the future.
After years of fraught negotiations, a total of 130 countries last week agreed to back plans for a global minimum corporate tax rate of at least 15 percent, which the Paris-based Organisation for Economic Cooperation and Development (OECD) said could yield around $150 billion in additional global tax revenue annually, Reuters reported.
Huawei's ad recruit worldwide talent has generated a lot of attention.
To mitigate academic pressure on Chinese students and assuage parents' concerns about giving birth to more than one child and address the country's worsening demographic risk, China is clamping down on lucrative off-campus tutoring business while piloting reforms that encourage skilled teachers to rotate from one school to another so that parents will not tentatively choose schools for their child - moves widely thought to have profound impact on education.
The boss of French drone maker Parrot reportedly said that his company could be blacklisted by China, just like Chinese drone producer DJI being blacklisted by the US. Without mentioning the exact reasons, Henri Seydoux, co-founder and CEO of Parrot, told the US-based CNBC that it is a thing that “may happen”.
While some in Washington may think “competing with China” rhetoric sells well in the political circle, inserting such China factor in its much-needed infrastructure plan would only underscore the uncertainties and the lack of resolve in pushing forward with the big plan.
After the 2008 international financial crisis, there is a saying in the world that goes as technological progress slows, the world will enter a prolonged stagnation. Yet with artificial intelligence (AI), solar energy and electric vehicles (EV) maturing over the past decade, the world economy is likely to enter a long-term expansion, in which China will play a leading role.
China's rapid progress in developing a digital yuan poses a "key risk" in preserving and strengthening the euro's international role, said European Central Bank Governing Council member Francois Villeroy de Galhau, according to Bloomberg.
Bearish coal trade between China and Australia has been in the spotlight for being considered by some observers as a microcosm of escalating trade tensions between the two countries.
Basking in a festival atmosphere, the Chinese people are celebrating the 100th anniversary of the founding of the Communist Party of China (CPC) which has led the nation breaking through challenges one after another and emerged as a giant economy, a world-class manufacturing hub, as well as a high-tech powerhouse.
Hawkish British politicians and a US industrial lobby group have called on Western allies to form a “Nato for trade” to counter China on the trade front, the South China Morning Post reported.
At a closed-door WTO meeting on Monday, Canada sought to establish a WTO panel to investigate the so-called restrictions by China on imports of Canadian canola seeds, the South China Morning Post reported on Tuesday.
The Baihetan Hydropower Station in Southwest China launched operation of its first two generating units on Monday. The project broke a series of world records, including the largest underground caverns, the largest anti-seismic parameters of a 300-meter high dam, and the largest spillway caverns.
Just as the Biden administration is expanding its attacks on China from cotton to other products in Northwest China's Xinjiang Uygur Autonomous Region, foreign media recently reported that the arbitrary ban and campaign led by the US against Xinjiang cotton may push China to allow more cotton imports than usual this year.
After the second wave of COVID-19 epidemic disrupted the already battered economic growth progress in India, various agencies recently released updated growth forecasts for the Indian economy.
The centennial of the Communist Party of China (CPC) is looming as a grand celebration will be held in Beijing on July 1 which will be the focus of the world. Under CPC's mandate and stewardship, China, the most populous nation on Earth, has been transformed to be the most dynamic major economy with 770 million people being lifted out poverty, and more than 500 million middle class being able to enjoy growing prosperity whose mighty consumption power is attracting all multinational companies.
As the US and its allies' smear campaign against Xinjiang cotton is already on life support, Washington has shifted to attacking another booming industry in Northwest China's Xinjiang Uygur Autonomous Region.
China has filed a complaint with the WTO over the anti-dumping and anti-subsidy measures Australia imposed against imports of railway wheels, wind towers and stainless-steel sinks from China, read a statement the Ministry of Commerce released on its official website on Thursday.
The chill within the China-Australia relationship has been doing an increasingly apparent damage to the foundation of bilateral economic and trade cooperation.
Amid China's nationwide regulation campaign against cryptocurrency mining and trading in recent weeks, the price of bitcoin and other cryptocurrencies have seen a new round of volatility, providing global investors another lesson about the financial risk in virtual currencies.
The US and its allies, which plan to spend big to counter China's dominance in rare-earth sector, seem to have encountered a bigger problem that money can't solve: an acute shortage of companies and projects.
The UK reportedly started on Tuesday the formal negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-nation trading bloc in the Asia-Pacific region.
While China has clarified that the newly passed Anti-foreign Sanctions Law is a defensive tool to counter foreign bullies and won't affect the country's expanding opening-up, some in the West have not stopped their political blame game when it comes to the legislation.
Against the backdrop of a global chip shortage that is stifling the automotive and electronics industries, governments around the world are actively joining the new innovation race for developing cutting-edge semiconductor technologies. Among these, the UK appears to be the latest participant.
Alongside its trade war, the US government is also engaged in a digital war against China. A central target of this US war is microchips, the heart of all information technology devices and development.
Australia has been complaining about setbacks in trade with China on different occasions in recent months. These complaints are unlikely to stop if Canberra continues its wrong approach by focusing on political stunts.
US President Joe Biden completed a whirlwind diplomatic tour last week in Europe, desperate to repair relations with Germany, France, Italy and other European countries ruined at the hand of his predecessor Donald Trump, while telling Russian President Vladimir Putin in a summit closely watched by the world, that America is still at its peak, and Moscow shall not think about a disruption to the global world order.
The US' brutal trade war against China has undone three to five years worth of growth among global value chains in affected countries, according to a report from the United Nations Development Programme, Bloomberg reported.
This week, New Zealand Trade and Export Growth Minister Damien O'Connor commenced a trade trip to Europe, which he said aimed at securing a free trade deal with the UK and the EU.
China's investment in Europe hit a 10-year low in 2020, a recent report showed, citing reasons including EU's tighter scrutiny and the COVID-19 pandemic. It predicted that the trend may continue this year.
"Make a sound in the east, then strike in the west." This ancient Chinese tactic seems like a perfect description of the US strategy in dealing with its trade frictions with the EU.
After the UK and Australia on Tuesday announced a bilateral free trade deal, the UK Prime Minister Boris Johnson did not forget to prepare a pep talk for his counterpart Scott Morrison, saying that the UK will "stand shoulder to shoulder" with its friend Australia and will back Canberra to keep standing against its largest trading partner China, according to media reports.
While Washington's desire to strengthen its supply chains may seem reasonable, it appears to have gone too far, with its vigilance against Chinese manufacturers spread to suppliers in East Asia.
Just couple of days after the Group of Seven (G7) announced its grand infrastructure plan, which is known as the Build Back Better World (B3W) initiative, India has made its rushed response to the plan. Indian media said the Indian government has suggested that it may consider joining the US-led plan.
An Australian national science agency is reportedly set to break up its partnership with a Chinese top marine science institute following a baseless warning from Australia's security intelligence agency.
While COVID-19 restrictions in India appear to be easing amid a lower rate of new cases in recent days, its hope of re-establishing travel connections with foreign countries may hinge on its ongoing effort in bringing the pandemic under control.
During the past several years, the world has witnessed a see-saw of sanctions and counter sanctions between the governments of the US and China - a reflection of Washington politicians' reckless determination to create troubles in order to stifle growth of an emerging economic juggernaut, and the intransigence and unbending character of Beijing to uphold justice and not bow to a bully.
A US congressional commission on Tuesday released a statement forcing Apple Inc to take sides on the fabricated Xinjiang human right issues, the latest development of the US-led vilifying Xinjiang campaign in order to suppress China's development.
The president of the European Council, Charles Michel, defended the EU's efforts to negotiate a Comprehensive Agreement on Investment (CAI) with China by calling the investment deal "a huge step in the right direction," according to an AFP report on Tuesday.
One of Western Australia's largest citrus producers said "slow processing in Chinese ports" has created an oversupply of citrus in Australian markets, dragging down domestic prices.
The Biden administration is considering an investigation into neodymium magnets from China, with the aim of boosting the resilience of US supply chains for vital goods, the Financial Times reported on Tuesday.
US Republican governor of Florida, Ron DeSantis, signed two bills on Monday reportedly targeting China for its so-called "influence" on the state's education systems and to tackle so-called commercial espionage.
Indian Prime Minister Narendra Modi announced on Monday a plan to provide free COVID-19 vaccines to all adults above the age of 18 as the federal government takes over the inoculation program from the state governments starting from June 21, according to media reports.
Hong Kong's status as an international financial center is the core competency of its economy. This unique advantage makes it play a unique role in the development of the national economy. Despite the global economic downturn caused by the COVID-19 pandemic, Hong Kong's financial industry still enjoys solid foundations.
US trade representative Katherine Tai recently said that the trade relationship between the world's two largest economies has "significant imbalance." She said the imbalance is in terms of performance, as well as "opportunity and openness of our markets to each other," noting that the Biden administration is committed to leveling the playing field.
The spectacular growth in China's trade with India outperformed the former's trade performance with other major trading partners from January to May, an indication of the resilience within the China-India economic and trade relationship even amid political headwinds.
Under the easy money policy by world's central banks, the rapid surge in global food prices may have more to do with financial market turbulence. It is misleading for the public when some Western media outlets link this challenge to Chinese demand.
China's central government has moved to revise the country's population policy by allowing couples to give birth to three children, and at the same time, pledging to invest more resources to improve parenting and reduce the cost of education. The new policy, meted out just prior to June 1, the International Children's Day, is to stabilize the country's labor force and to buttress continuous rapid economic growth.
Based on mutual respect and without political strings attached, cooperation between China and the CEEC will not only bring interest to both economies but will also give momentum to the overall cooperation between China and Europe.
As an increasing number of winemakers and grape growers in Australia urge the Morrison government to properly solve the anti-dumping tariff issue with China, Australia Trade Minister Dan Tehan told CNBC on Wednesday that Australia is considering whether it should get the World Trade Organization involved in.
A recent Pentagon report cleared two drones made by China's largest drone maker DJI for US government use, The Hill reported on Wednesday, citing a summary of the report they obtained.
Foreign aid or cross-border cooperation, whether under BRI or other frameworks, should be based on principles of mutual respect and benefit. The development needs of local people are the premise, rather than the national interest of other countries.
In a letter to the National Basketball Players Association on Tuesday, the US Congressional-Executive Commission on China (CECC) called on American basketball players to end endorsement deals with Chinese sportswear companies including Anta and Li-Ning that use cotton sourced from Northwest China's Xinjiang Uygur Autonomous Region.
China's Ministry of Culture and Tourism (MCT) recently relaxed ownership limits for foreign ownership of entertainment venues in China. Foreign investors will be allowed to establish wholly owned enterprises and have same approval procedures as domestic investors, according to a statement published on MCT's site.
Though the ratification of the CAI has encountered setbacks, it is believed that the decision of the European Parliament does not represent the position of the whole EU. China, with its steadfast opening-up, is offering crucial opportunities for both domestic and global players and is expected to drive the global recovery after the health crisis.
India's ambition to rise as a great power is being questioned as never before. After recording its worst economic performance in more than four decades, India's badly wounded economy still faces great uncertainty created by a huge second wave of COVID-19 infections that has apparently derailed its recovery.
The steelmaking city of Tangshan in North China's Hebei Province reportedly plans to ease restrictions on steel production. The local authorities held a symposium on Monday, mulling over plans to lower output curtailment ratio for some mills that had completed ultra-low emission upgrades, according to media reports.