The Munich Auto Show underscores vast opportunities for China-EU #EV cooperation. The #EU should draw the lesson from the #US' flawed protectionism strategy to boost its EV industry.
Washington may be eager to upgrade relations with Hanoi, but Biden should think about first what he can do to strengthen economic and trade cooperation, and, at the very least, prevent a further decline in trade.
With an Australian delegation set to improve ties with China, it's hoped the Australian side could cherish the hard-won pickup of momentum in bilateral trade, and learn to keep geopolitical games from spilling over into economic and trade issues.
Days after the Japanese government stubbornly began dumping nuclear-contaminated wastewater into the ocean on August 24, despite strong opposition from the domestic fishery industry and the international community, the damage to the marine environment and the fishery supply chain has become increasingly clear.
China continues to be a major driving force behind the global growth of e-commerce, as the country's mass millennial and Generation Z consumers with their ever growing purchase power have embraced online shopping and social commerce (social media-enabled consumption).
The Modi government is rushing to proclaim the preliminary effects of measures like the incentive program and an import ban, which are widely seen as further steps along the wrong road of protectionism. But New Delhi needs to remember that in a highly globalized era, protectionism won't help India realize its ambitious goal of boosting domestic manufacturing capacity under its "Make in India" initiative.
People in Asia-Pacific and other regions are frustrated and outraged, voicing growing alarms and concerns about Japan's selfish and categorically irresponsible dumping of Fukushima nuclear contaminated wastewater into the Pacific Ocean, which started on August 24.
As the world's top trading nation in goods, China has shown increasing promise in the services trade over the years, attracting much attention from multinational enterprises. The growth in demand for services imports provides an opportunity for India to reduce its trade deficit with China. Can India seize the chance and bring its advantages into play?
The 2022-2023 fiscal year seems to be a year of challenges and difficulties for Australia's Lynas Rare Earths, the biggest producer of rare earths outside of China. Worryingly, things may get even worse, as the US is keen on forming small circles, setting up a critical mineral alliance that will further disrupt the global supply chain.
As the US increasingly places an emphasis on the so-called resilience of its supply chains, Washington has tried to make critical minerals a new battleground for big powers. The US is the main culprit for disrupting global supply chains, yet it is attempting to fling mud at China. India should remain sober to avoid becoming cannon fodder in Washington's geopolitical game.
Artificial intelligence (AI) is everywhere nowadays. The global media reportage about generative AI modeling, a seemingly emerging and transformative high-tech frontier, keeps winning eyeballs and public attention, with market analysts racing to tout the best AI stocks amid a surge in broad investor interest and enthusiasm.
India's Chandrayaan-3 on Wednesday became the first spacecraft to land in the lunar south pole region, making India the fourth nation to successfully land a spacecraft on the moon. India's historic landing near the Moon's unexplored south pole has won it wide congratulations across the world.
Recently, some Western politicians and media outlets have intentionally described China as a "risk factor" for the global economy. Such false accusations may incite division and hatred in the global supply chain, bringing storms to the world's already fragile economy.
Earlier this year, US Congress managed to raise the federal debt limit that avoided a federal government default. Now, US lawmakers are working to reach agreement on the fiscal-year 2024 budget by September 30 to prevent a US federal government shutdown.
It is foreseeable Japan's planned move to dump nuclear-contaminated wastewater will have serious economic consequences. Asian countries need to work together to minimize negative effects while figuring out acceptable solutions to avoid possible economic chaos.
If the US wants to stop a further decline in the bilateral relationship, it's far from enough to only remove 27 Chinese entities from the "Unverified List" ahead of Raimondo's trip. Hopefully, the US commerce chief's visit can bring more concrete moves to improve the bilateral relationship.
Several Western media outlets in recent days have published articles focusing on China's penalties on US research firm Mintz Group, trying to create the illusion that China's legitimate investigation into Mintz and the resulting penalties are a "crackdown on information-gathering that has rattled foreign investors."
It should come as no surprise that Reuters reported on Sunday that China's soybean imports from the US fell 62.3 percent in July from a year earlier. Whether China buys US soybeans or not is determined by economic factors. If US soybeans are not economically competitive, relying solely on exerting economic coercion cannot support US soybean exports.
China's central bank on Tuesday moved to reduce the one-year medium-term lending facility (MLF) loan rates for the second time in three months, paving the way for a reduction to the key policy interest rate this month, or loan prime rate (LPR). The aim is to stimulate overall credit growth and boost economic activity. The five-year-term LPR is expected to be cut by 15 basis points to support the country's real estate sector recovery and reduce long-term borrowing cost for businesses.
As the BRICS summit will be held from Aug 22 to 24, more than 30 countries have requested to join the BRICS, including many allies of the US and European countries. The hegemony system built by the US is facing the challenge that its allies are decoupling one after another.
The US is facing rising recession fears, but political elites in Washington seem unable to address deep-seated problems existing inside the US economy. When some politicians are under increasing pressure, their answer is quite simple: shift the blame to China.
Canadian tourism's “being snubbed” anxiety should lead #Ottawa to reflect on its wrong deeds toward #China. Ottawa should take prompt actions to answer to its business community's concerns.
It's possible for India to overtake Japan and Germany to become the world's third-largest economy after the US and China, but a prerequisite for achieving this ambitious goal in just a few years is that India needs to make the right choice between protectionism and opening up to the outside world.
The global media hype about generative AI models, a top emerging tech, keeps heated, and Wall Street analysts are racing to tout the best artificial intelligence stocks amid a surge in broad investor interest. And during company earnings calls, corporate executives' mentions of generative artificial intelligence have significantly jumped in recent months.
Mongolia and the US said recently that cooperation on rare earths and key minerals will be deepened under the Memorandum of Understanding signed between the two countries in June. Some people reckon that the Mongolia-US rare-earth cooperation may undercut China's rare-earth industry. In fact, a comprehensive analysis shows that these concerns are unwarranted.
Although challenges remain, what is undeniable is that the Chinese economy has been steadily recovering of late. China has a sufficient tool kit to maintain a stable level of economic growth.
Amid Washington's economic "decoupling" or "de-risking" calls, China is continuously developing its ocean shipping capacity.
South Korean conglomerate POSCO is "leading a push" to move production of battery materials from the Chinese mainland to its home country, the Financial Times reported on Monday.
US President Joe Biden launched another technology battle front with China by signing an executive order on Wednesday that will block and regulate American outbound investments directed toward Chinese high-tech companies. The order covers advanced semiconductor chips, micro-electronics, quantum computing systems and artificial intelligence, with the purpose aimed at stifling China's economic growth.
China is ramping up research and development of a new generation of chips. If all goes well, China's new products will be launched within five years, breaking the monopoly of American chips.
As the US Department of Commerce on Wednesday issued a statement to celebrate the first anniversary of the so-called CHIPS and Science Act, which was signed into law by US President Joe Biden, financial network CNBC reported that semiconductor manufacturers in the US are still waiting for the subsidies the act promised.
China has been ramping up efforts to financially support debt-ridden real estate developers to ensure new home deliveries to the buyers, a move that will help improve market morale at a time when the property sector is undergoing a historical readjustment which has a close bearing on the nation's economic performance.
India has banned domestic military drone-makers from using Chinese-made components in recent months, citing so-called security concerns, Reuters reported on Tuesday.
The fact that Cowper-Coles has to apologize for such a normal comment highlights how hard the US is pressing its allies in terms of interfering with their normal economic and trade cooperation with China, and the difficulties and pressures the US government has brought to foreign companies such as HSBC.
In the absence of any evidence, politicians in the US and UK have again generalized the concept of national security, and this time their target is China's electric vehicle (EV) and autonomous vehicle (AV) sectors. Such groundless accusations are merely an excuse for the US-led West to suppress Chinese manufacturers.
The US government's credit rating was downgraded by Fitch Ratings last week in a dramatic move that reflected market concerns over the state of the country's finances and the ever-growing federal debt burden. A credit rating cut influences the interest rates the US pays on its debt, which will affect rates on bank loans on homes, cars and nearly everything.
Four departments of China's central authorities on Monday jointly announced export controls on some Unmanned Aerial Vehicles (UAVs) and related equipment. A spokesperson for the Ministry of Commerce said that China has always been committed to maintaining global security and regional stability, and has always opposed the use of civilian UAVs for military purposes.
Whether media reports saying Chinese automaker BYD faces an ongoing Indian tax investigation are true, in view of crackdowns India has imposed on Chinese companies in recent years, it's necessary to remind Indian policymakers that waving a big tax stick is not the way to achieve fairness, and the ultimate victim will be the Indian economy itself.
Although Australia has not made a decision to ban WeChat, its fate is getting a great deal of public attention. At a time when China-Australia relations are at a critical juncture, Australia should not repeat the mistake it made in 2018 in banning Huawei from its 5G wireless network. Many see this decision as the spark that set off bilateral economic clashes.
If India can abandon its geopolitical thinking and change its reluctance to deepen cooperation with China and participate in Asia's industrial chain cooperation, India's clean energy industry can get the boost it needs.
During a recent White House meeting with the chief executive officers of American semiconductor giants, Intel, Nvidia and Qualcomm criticized the Biden administration's relentless approach to curb exports of advanced chips to Chinese customers, saying the restrictions will surely backfire on them, depleting them a big revenue source and endangering their ability to lead the sector in the future.
The US' boycott of products from Northwest China's Xinjiang Uygur Autonomous Region aims to contain China's rise and create chaos in the region under the guise of human rights.
Mainly in the consideration of coping with the protracted Russia-Ukraine conflict and containing China's economic rise, the US and its NATO allies are increasing discussions on "rebuilding the defense industry."
The long-anticipated rally of Chinese stock markets has arrived, thanks to the country's top decision-making body's firm pledge to ratchet up economic stimulus in order to achieve the pre-set yearly growth rate of around 5 percent.
We sincerely hope a senior Indian official's remarks on Chinese investment won't turn out to be just empty words, but represent a positive signal that India will return to rationality on Chinese investment.
US commerce chief's remarks blaming China for a global chip glut are complete nonsense. If the US continues on the wrong path of introducing ever more restrictions and protectionist moves, it will only further undercut its own chip industry.
As the US-initiated tech war against China drags on, the US Semiconductor Industry Association (SIA) has warned that there won't be enough engineers, computer scientists and technicians in the US semiconductor industry to support a rapid expansion during this decade.
A Bloomberg report saying Brazil is pushing the US out of the world's biggest soybean market - China - is gaining much attention.
Mercedes-Benz will make China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, CEO Ola Kaellenius was quoted as saying. The importance that Europe's auto brands attach to China's consumer market should remind Western policymakers to work together with China to promote mutual market openness and stop advocating de-risking.
Since the release of OpenAI's ChatGPT in late 2022, generative AI has made its way into our daily lives, as scientists claim the new technology - just like the society's ubiquitous connection to the internet - has the potential to transform the way all businesses and organizations operate and iterate.
In the US, some anti-China politicians will not easily let go of using China's status as a developing country to fabricate lies and contain China's development. The more vigorously US politicians act in suppressing China's rise, the more resolutely China needs to adhere to its own development path and safeguard its legitimate interests while integrating into the world.
For Apple, India overtook Germany and France for iPhone sales in the second quarter, and it's now behind the UK and three other countries, US financial network CNBC reported on Tuesday, citing Counterpoint Research. It is the first time India has been one of Apple's top five markets for iPhone sales.
At a time when the BRICS mechanism is becoming increasingly attractive, an article by VOA's Chinese site titled "Expansion and de-dollarization, will the BRICS turn into an anti-US camp?" claimed on Tuesday that "China hopes that the expansion of the BRICS should have the consideration of competing with the US," smearing the mechanism with sinister intensions.
Extreme climate events, including longer-lasting heat waves and cascading flash floods, seem to have dominated our living planet this summer. Global climate change - resulting from accumulation of heat-trapping greenhouse gases in the outer atmosphere - becomes increasingly "irreversible" if nothing is done now.
Muralikrishnan B, the president of Xiaomi India, was quoted by Reuters as saying on Monday that the Chinese smartphone maker will focus on boosting its India sales from retail outlets after years of big bets on e-commerce. The shift is expected to bring more employment opportunities for local Indian people.
China's economy, unshackled from pandemic control measures taken in December 2022, has regained pace to expand at a much faster rate than nearly all other major economies.
Inevitable result of independent innovation is a trend in which China's independently developed technology can replace US technology and seize the market share of US products. In the face of a crackdown by the US, Huawei is not so fragile as to be defeated.
Tactical adjustments can hardly conceal the core of the US Africa strategy – still positioning China as an imaginary enemy and competitor.
India's exports to China rallied in the first five months of 2023, a piece of good news for India's manufacturing ambitions. When further tapping the potential in China-India trade, both sides need to pursue two-way market openness and fair competition.
Seeking a tech war to isolate China and, by doing so, to prolong US technological hegemony will only prove futile. The more pressure China receives, the stronger our resolution will be to develop indigenous innovation and be more open to international cooperation in science and technology
As the increasing investment brought by Chinese electric vehicle (EV) manufacturers has been boosting EV sales and reshaping the auto market of Thailand in recent years, Japanese automakers fear losing their dominant position in Southeast Asia's largest car producer and exporter, Reuters reported on Monday.
The US economy is increasingly becoming "inflation-prone" despite the Federal Reserve's aggressive monetary tightening moves taken since March 2022, when the central bank started to battle creeping consumer prices which drew a backlash from the American public, as high inflation eats away at their savings and aggravates a cost-of-living crisis in the country.
Without a solid industrial foundation and a competitive semiconductor supply chain, India's chip ambitions will perhaps eventually turn out to be a mirage the country creates for itself.
Recently, the US Federal Reserve, the central bank, hinted that the policymakers are likely to raise the benchmark federal funds rate two more times in 2023 to above 5.5 percent - a prospect that immediately cast a thickening cloud on global markets, as investor are already spooked by the aggressive Fed tightening in the past 15 months.
China's export controls on gallium and germanium do not target any specific country, including Japan and South Korea. But, amid the US-initiated tech war against China, decision-makers in Japan and South Korea should maintain strategic sobriety, avoiding allowing the two countries to be used as a cannon fodder by the US in its relentless technology crackdown campaign against China.
As a GAC Aion Hyper GT rolled off the production line in Guangzhou, South China's Guangdong Province on Monday, China's 20 millionth new-energy vehicle (NEV) was born, creating a remarkable milestone for the country's NEV sector, news portal stcn.com reported.
Opinion: It is necessary for S.Korea, Japan to maintain strategic autonomy and deepen trade cooperation with China in the post-COVID recovery despite US coercion. Japan and S.Korea are also victims of US bullying. It is unwise for them to be hijacked by US geopolitical plotting.
EU Ambassador to China Jorge Toledo expressed regret on Sunday over the lack of "substantial progress" in trade talks with Beijing, AFP reported. It does not rule out the possibility that the EU may want to use Toledo's "regret" as a means to exert pressure on China, but, from another perspective, it shows European countries' interest and enthusiasm in restoring trade and investment talks with China, aligning with the hopes of the business community.
Isn't it ridiculous that students of Asian origin in the US are being prompted to appear “less Asian” or “less Chinese” on their college applications, along with the perception that Asian students must meet a higher bar than other racial groups in order to get into the same universities?
About 90 percent of Boeing's China 737 MAX jets have resumed commercial operation as of the end of June, the US aircraft maker said on its official WeChat account on Wednesday. China is a major focus for US businesses. That's why the US business community wants a rational China policy adopted by Washington that will stabilize bilateral relations and avoid a downward spiral between the US and China, with the latter being an increasing important overseas market for them.
At the opening of MWC Shanghai 2023 on Wednesday, Meng Wanzhou, Huawei's rotating chairwoman and CFO, said that 5G development is at a tipping point. It is expected that there will be 5 billion 5G connections worldwide by 2030.
This year's Summer #Davos Forum sent a strong signal that despite the hype of “de-risking” by some Western countries, there are still more countries willing to advance cooperation with China to boost post-COVID recovery.
At a time when the US is ramping up tech decoupling, a high-level forum, gathering government officials and business leaders from 15 RCEP participating countries, is scheduled to be held in China from Wednesday to Friday, aiming at promoting regional economic integration and bringing Asia-Pacific countries closer to their development goals. Amid headwinds brought about by the rise of trade protectionism, the gathering reflects the attractiveness and economic cohesion of free trade.
The United Nations adopted 2030 Sustainable Development Goals in 2015, which is the most significant consensus reached by the international community, centering on poverty alleviation, green energy, healthcare improvement and other development goals. As a member of the UN, China has in the past years made steady progress to achieving the SDGs.
In front of the reality that the sales of Taiwan Semiconductor Manufacturing Co (TSMC) have been under pressure, the economic policy adopted by the Democratic Progressive Party (DPP) authorities in Taiwan island to flatter the US has become increasingly warped.
The winds of uncertainty being fanned by Washington and a few politicians in Europe must be stopped, because a disintegrated world economy means a less efficient, higher cost and much poorer world.
India's trade with the US cannot replace its trade with China, nor can India replace China in the global supply chains. The more India exports to the US, the more it needs to import from China.
The DPP's attempts to use semiconductor sector as political capital to solicit foreign support from Europe are bound to fail, and such moves will only endanger the island's economy further.
China is mulling several policies to promote sustained recovery of its economy, according to a State Council executive meeting on Friday. The meeting concluded that China's overall economy is rebounding and improving, with recovering market demand, rising output and supply, stable prices and employment, and solid advancement in high-quality development, according to a Xinhua report.
Although the US may loosen restrictions on South Korean chipmakers which want to maintain or expand their operations in China, it will be not enough to allow some breathing space for South Korea's semiconductor industry. The sharp deterioration in South Korea's chip exports reminds the country of the need to take serious action to protect their own interests from Washington's chip war, and, more importantly, to strengthen industry chain cooperation with China.
While some EU politicians appear to have hardened their China stance by putting forward the need to “de-risk” economic ties with China, debate has once again been sparked over Huawei's 5G technology. It's not a blessing for 5G development in Europe.
The Netherlands or any country that reportedly considers screening foreign students cannot hinder China's high-tech development, but it can be seen as a future signal that the talent war will escalated.
The monetary tightening by the European Central Bank and the Bank of England will continue to weigh on Europe and UK's economies that now teeter on the verge of contraction. The latest statistics show the GDP of the EU fell into a technical recession, while the UK's economy eked out a paltry 0.1 percent growth.
With a leading advantage in EV sector, China should lead the formation of new world standards for EV battery. The non-economic interventions of Western countries cannot stop China from taking this important step.
The wildfire crisis in N.America sounds the alarm bells for global political and corporate leaders to put aside their differences and act in concert and with great determination to tackle climate change.
Sequoia's decision reflects US business community's concern about deteriorating relations between China and the US. This should sound the alarm: the US has witnessed increasing divergences between political and business communities over China-related issues.
Tokyo announced an "outrageous" plan in April 2021 to dump more than 1 million tons of nuclear-contaminated waste water from the tsunami-devastated Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean. In August that year, the Tokyo Electric Power Company said it would start building a tunnel after carrying out "feasibility studies" and getting approval from Japanese authorities to discharge the waste water. The drilling of the tunnel - 2.5 meters in diameter, 1 kilometer in length and 12 meters below sea level - started near Unit 5 of the Fukushima plant.
It should be pointed out that China has been focused on its economic development from reform and opening-up. China has never politicized economic issues due merely to achieve geopolitical gains. China has been acting in accordance with its own laws and WTO trade rules. Therefore, it is sheer nonsense to accuse China of "economic coercion."
Apple has entered the mixed reality game, announcing a long-anticipated new headset, the Vision Pro, on Monday that CEO Tim Cook claimed "seamlessly blends the real world and the virtual world." Some Apple fans believe the era of smart glasses has arrived - and it is an era in which smart glasses will profoundly change our lives, similar to smartphones over the past decade or so.
Despite Washington's ill-intentioned chip war, China is still an irreplaceable market for US chipmakers, including Nvidia, which has now undergone increasing pressure on supporting stock price.
Although China's economy picked up impetus in the first quarter with an impressive growth rate of 4.5 percent, the government should continue to be more proactive and ramp up its fiscal and financial policy support to ensure the second quarter GDP growth to reach seven percent or above. And, the average monthly growth rate from July to December this year should be no lower than five percent so that the annual growth will reach 5.2% or above.
The political partisanship, severe social divide, polarization of wealth, and the US government's wrong policies are hurting the country's competitiveness and its avowed contest with China in the 21st century.
There have been a series of signs that the momentum of China-US business exchanges is on the rise recently. The business communities on both sides showed a strong willingness to step up exchanges after top commerce officials from the world's two largest economies held "candid" discussions on the trade relationship last week.
The first yuan-denominated "Yulan Bond," issued by the Bank of China through its Macao branch, has been successfully registered with the Shanghai Clearing House on Tuesday, according to the clearing institution's website.
An important context of Elon Musk's visit to China is that Tesla has started shipping vehicles to North America market from its Shanghai factory, which shows foreign companies like Tesla have no interest in being made part of the US' harmful geopolitical games against China.
Even though the US has frantically increased its attacks on China in recent months, rational voices underlining China's role as a key partner have emerged in America's European allies. The latest example is remarks from Liesje Schreinemacher, the Dutch minister for foreign trade and development cooperation, who was quoted in a Financial Times report as saying that Europe's green transition will be impossible without China.
US President Joe Biden said during the G7 meeting in Hiroshima, Japan earlier this month that he "is expecting" a thawing in Sino-American tensions "soon," which has raised hopes and optimism that the steady deterioration in bilateral relations since his inauguration in 2021 may be reversed, or at least not deteriorate further. But not everyone is that certain his remarks will bear fruit, if the US government does not repudiate its reckless policy of technological and industrial "decoupling" from China.
It is indisputable that our planet is becoming hotter and we are exposed to rising risk of heat stress in the summertime because of global climate change. Temperatures on Earth are predicted to soar to record highs over the next five years, driven by human-caused greenhouse gas emissions, forecasters at the World Meteorological Organization said in a report released on May 17.
After US legislators voted with sinister intention to challenge China's status as a developing nation, Western public opinion has seen debate on how to view China's rise. The latest example is an article in Foreign Policy claiming China is a developed, developing hybrid.
After the US and it's key allies announced the establishment of the Minerals Security Partnership, a US-centered cliques serving US national interests under the pretense of critical mineral supply security, some Western forces have turned their eyes on lithium resources in Australia.