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Economic policy talks could herald next stage in China-US relations

The year of 2020 has been marked by the COVID-19 pandemic and global economic recession, but as it comes to a close there could be a new era for bilateral relations between the world's two largest economies, with US President-elect Joe Biden set to enter the White House in January 2021.
Source: Global Times | 2020/12/9 10:48:40

Economic decoupling of US, China is doomed to hurt both nations

For some time, the Trump administration has tried hard to promote the "decoupling" of Chinese and US economies, disrupting normal economic cooperation between the two nations. As the transition of power in the US continues, many people wonder that whether the incoming Joe Biden administration will maintain Trump's decoupling strategy?
Source: Global Times | 2020/12/8 20:37:34

Is the gap between US, Chinese internet service companies narrowing?

A major transition the coronavirus pandemic has brought to the world in 2020 is "to go online." While transforming people's lifestyle, the shift also affects the growth curves of economies and businesses, particularly internet companies.
Source: Global Times | 2020/12/8 15:07:56

China vaccine cooperation pivotal for ASEAN economies

As Indonesia received its first batch of a COVID-19 vaccine from China, the promotion of pandemic containment cooperation is set to pave way for a faster economic rebound for the country, and to enhance trust and build cozier regional partnerships.
Source: Global Times | 2020/12/7 20:39:42

UK index firm follows White House; financial 'cold war' will backfire

UK-based index provider FTSE Russell announced the removal of shares of eight Chinese firms which have been blacklisted by the White House. Market concerns have been raised that it may signal a financial cold war as some financial institutions follow the Trump-led US authority to irrationally politicize economic or financial operations.
Source: Global Times | 2020/12/7 10:48:40

China's peculiar system propels meteoric economic takeoff

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.
Source: Global Times | 2020/12/6 22:34:54

Tough-on-China hype won't secure winter protection for Indian border troops

As the border standoff between China and India drags on into the harsh winter, there has been no shortage of media reports about the predicament faced by the Indian side, such as insufficient funds and technology support for border troops amid the coronavirus crisis.
Source: Global Times | 2020/12/4 0:32:15

Washington should embrace free trade, multilateralism

With US President-elect Joe Biden entering the White House in January, his intended approach in readjusting the US' foreign trade policy is put under the spotlight. A top adviser for Biden warned that the US should reflect on the recently concluded Regional Comprehensive Economic Partnership (RCEP) and China's interest in joining Comprehensive Progressive Trans-Pacific Partnership (CPTPP), signaling a possible choice for Washington to rejoin the regional trade pact which Trump ditched four years ago.
Source: Global Times | 2020/12/3 21:02:26

Stay vigilant about US weaponizing SWIFT

The system known as SWIFT, the US dollar denominated international payment network controlling 80 percent of the world's cross-border payment and information exchange among financial institutions, has played an important role in continued US efforts to interfere with the region.
Source: Global Times | 2020/12/3 15:25:32

EU should remain independent from US-China rivalry

The EU recently signaled its increasing desire to bond with the US as President-elect Joe Biden prepares to enter the White House. In order to gain strategic autonomy and raise its voice in the international community, Brussels hopes to get Washington on board by hyping the so-called "China challenge," despite the structural contradictions between the two sides.
Source: Global Times | 2020/12/2 22:06:16

Multilateral approach in line with Biden's economic plan

In line with media predictions, US President-elect Joe Biden announced his new economic team with former Federal Reserve chairwoman Janet Yellen being officially nominated as secretary of Treasury. With the highly principled and pro-market Yellen leading Biden's economic response to the COVID-19 pandemic, the US market expect an enhancement of confidence amid the pandemic crisis.
Source: Global Times | 2020/12/1 20:34:30

India must give up zero-sum mentality, accept China's hydropower project

China's plan to build a large hydropower project on the Yarlung Zangbo River has raised concerns in India over "potential political and ecological threats" as the river intersects Southwest China, India and Bangladesh.
Source: Global Times | 2020/12/1 17:00:26

Canberra's effort to bet on both sides will hurt own industries

After sparing no effort to drag its relationship with China down to a historical low, Australia recently showed a sudden turn, expressing its intention to mend bilateral ties, but in a way seeming to bet on both sides – making “sweet talk” while also exerting pressure on China. It won't work, and it may make Australian industries suffer more.
Source: Global Times | 2020/12/1 10:59:27

Why US-China decoupling failed

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.
Source: Global Times | 2020/12/1 0:07:55

What the Canadian government did wrong in Huawei CFO's case?

It's been two years since Meng Wanzhou was arbitrarily taken into custody in Canada on December 1, 2018. While her early and safe return to China has been very much on the minds of her fellow Chinese, there have also been growing calls for Meng's release in Canada from fair-minded members of parliament, former ministers, retired diplomats, judges and lawyers - all adding their voices to the plea for justice and reason.
Source: Global Times | 2020/11/30 21:08:29

Expanding the 'Nanning Channel,' China and ASEAN jointly promote regional economic recovery

The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit opened on Friday in Nanning, South China's Guangxi Zhuang Autonomous Region.
Source: Global Times | 2020/11/30 15:03:44

UK undermines trust with China, may ruin FTA talks

As the due date of leaving the EU draws near, the UK recently signaled an intention to reset its diplomatic relations, including with China. The UK seems inclined to take a more aggressive path towards China at a cost of obstructing a free trade agreement talks with the world's second largest economy, among others.
Source: Global Times | 2020/11/26 20:52:57

Is Australia finally adjusting its attitude toward China?

Australian Prime Minister Scott Morrison said at a virtual meeting of a British think-tank on Monday that Australia is pleased to see China's rise and hasn't done anything to contain its economy rise of China, but Canberra's actions were misinterpreted.
Source: Global Times | 2020/11/26 20:11:14