Like Washington, politicians in New Delhi have fiercely advocated against another national lockdown for fear of maiming Indian economy.
As the US government unveils a $2 trillion infrastructure plan, President Joe Biden said that the US must put itself “in a position to win the global competition with China.” At a press briefing on Sunday, a White House spokesperson again stressed the importance of competing with China, saying it had support from both parties and the American people.
Western anti-China think tanks have recently cooked up another piece of work for their relentless smear campaign against China's investments and assistance to developing countries in Asia, Africa, Latin America and others.
After illegally freezing the bank accounts of Chinese tech giant ByteDance, an Indian court on Tuesday reportedly asked the company to deposit $11 million for alleged tax evasion. ByteDance denied the allegation in court, saying the freeze amounted to harassment and it does not owe any tax.
As the world seems to be facing an increasingly bumpy recovery road amid uncertain geopolitical environment, China and South Korea, which effectively handled the COVID-19 pandemic, have been ratcheting up efforts to form closer bilateral ties and expand cooperation in the post-pandemic recovery.
Chinese State Councilor and Foreign Minister Wang Yi has sent a message of great importance to his Japanese counterpart ahead of a US-Japan summit next week: China and Japan should stay out so-called great power rivalry game and value a hard-won economic development of the two Asian nations.
China-based technology company Bytedance, following its video-sharing platform TikTok being banned last June, has reportedly encountered a new round of crackdown in India, with at least two of its bank accounts being blocked for alleged tax evasion.
According to China's 2021 White Paper on International Development Cooperation published in January, China has steadily increased the scale and further expanded the scope of its foreign aid, giving high priority to the least developed countries in Africa.
After due investigation and deliberation, China formally announced anti-dumping tariffs on imported Australian wines with the righteous purpose to protect the local wine industry and ensure fair business competition. Instead of taking substantive measures to make changes to its relevant policies and practices, officials in Canberra started a new round of rhetoric of hostilities toward China, further ratcheting up tensions by weaponizing trade issues.
The European Parliament recently canceled a review meeting for the China-EU Comprehensive Agreement on Investment (CAI), raising deep concerns among the business community. Questions were raised about whether the deal could be eventually passed at a time when the US, the EU, Japan and Australia appear to be joining hands to contain China. Will the historical deal come to an end just like that, after 35 rounds of negotiations over 7 years? The answer, in my opinion, is no.
China and Iran have recently signed a major 25-year agreement to enhance comprehensive cooperation in fields such as trade. Given its great scale and implications, the agreement has attracted widespread attention from many Western media outlets, with some already warning China's rising “influence” in the Middle East.
China has announced sanctioning measures against nine diehard British individuals and four hawkish organizations over the weekend to fight back their malicious fabrication and spread of "disinformation and lies" to attack the human rights in northwestern China's Xinjiang Uygur Autonomous Region.
The top US securities regulator recently adopted a politicized measure which widely believed to be a move targeting Chinese firms listing on the US stock market. As the nation signals no intention to redress its hegemonic approaches to confront China in near term, it might be time for some Chinese firms to ditch the politicized American financial market, returning back home or seeking new financial cooperation outside of the imperious US.
After China and the US agreed on joining hands to tackle climate change during the recent high-profile meeting in Alaska, latest information reveals that top climate officials of the two sides both attended a ministerial meeting on climate action co-hosted by China on Tuesday, drawing attention worldwide as the area may offer a chance for the two to seek cooperation despite chilly bilateral relation.
The onslaught of the COVID-19 pandemic has highlighted the significance of global coordination. As the agency of the United Nations responsible for international public health, the World Health Organization (WHO) has played an indispensable role in coordinating global efforts in the fight against the disease.
The newly installed US Trade Representative Katherine Tai has just finished her first round of calls with counterparts from US' major Western partners, and the head of the World Trade Organization (WTO), emphasizing topics on rebuilding alliances with partners; while unsurprisingly, didn't forget to vilify China using fabricated issues.
In the opening remarks delivered at the high-level strategic China-US dialogue in Anchorage, Alaska, Chinese top diplomat noted that "history will prove that those who seek to strangle China will suffer in the end."
Switzerland recently released its first "China strategy," describing China as a priority country for its foreign policy. While hyping so-called "differences in values" and "human rights" concerns among bilateral relation, it also expressed a strong intention to shore up economic and trade ties with China which, however, would only be expected under mutual respect over each other's core interests.
The Trump administration's unilateral and radical approach across economic and trade policies had significantly overplayed the strength and international credibility of the US as a superpower and caused severe disruption throughout the international economy and trade. Rectification is urgently awaited in US' economic and trade policies.
Based on anonymous sources, there are media reports hyping that Chinese state-owned firms have been "evacuating" non-essential staff from Myanmar after the recent attacks in which a number of Chinese firms were targeted. However, with information being fragmentary and unconfirmed, hearsay-based conjecture is not conducive to easing tensions.
China, as expected, has remained the largest source of India's imports in 2020, highlighting the economic complementarities of the two Asian economies which is exactly what could help India to promote its "Make in India" campaign, if New Delhi could adopt a pragmatic approach and seize the opportunity to better connect with Chinese industrial chain.
The Quad virtual summit and US secretary of defense's plan to visit India in the coming days have attracted wide attention on India's international position in so-called Indo-Pacific and global geometry.
The high-level dialogue between officials of China and the US is scheduled to take place in Alaska on Thursday, but trade frictions, as observers widely anticipated, may not be included during the talks.
High-ranking government officials of China and the US are scheduled to hold the first official dialogue in Alaska from Thursday to Friday this week.
The world's most consequential bilateral relationship is at its lowest point with a bruising trade war lingering. Would the talks on how to fix that and avoid further dangerous escalation be linked to grievances of a third country? That's not just silly but quite irresponsible and dangerous.
While advanced technology has become one of the crucial areas of China-US tensions, a recent survey showed that American tech workers, by and large, prefer a closer cooperation with China while Washington's hawkish stance toward Chinese technology companies adopted by the previous Trump administration should be upended.
EU is reportedly planning to roll out a "vaccine passport" to facilitate personnel exchanges within the bloc, with a proposal stating that only European Medicines Agency (EMA)-approved vaccines will be valid for travel in EU.
US President Joe Biden has signed the $1.9 billion trillion COVID-19 relief bill into law, boosting US stocks that fell modestly for several days last week. The Wall Street Journal even optimistically claimed that the US is set to lead global economic recovery in 2021. But will the prediction come true?
After 12 years, Avatar is back with a surprise second screening in China. It took just two days and four hours for the movie to pass the 100 million yuan box office record, bringing the movie back to the highest-grossing films of all time.
US President Joe Biden achieved his first major legislative victory after his coronavirus relief bill, priced at $1.9 trillion, cleared Congress and was quickly signed into law last week. On Thursday night, he gave his first prime-time policy address to American people from the White House, vowing to contain the pandemic quickly by accelerating vaccinations in all US states.
The US has re-extended tariff exclusion on about 99 categories of medical products from China from March 31 to September 30 to aid the fight against COVID-19, media reports said. The nearly one-hundred-item list includes masks, gloves, blood pressure cuff sleeves and X-ray tables.
China's currently ongoing two sessions (March 4 to 11, 2021) may be the most important of its type to take place in recent years.
It has been a decade since the Fukushima nuclear incident, the world's second-worst nuclear disaster after Chernobyl. The still disturbing consequences of the disaster have not only changed Japan's energy strategy but also dealt a severe blow to the development of global nuclear power.
The White House has announced that US President Joe Biden will meet virtually with leaders from Japan, Australia and India in the Quad framework on Friday. This will be the first-ever meeting between the heads of state of the four-member Quad group, demonstrating Biden's intention to strengthen and consolidate the framework during his tenure.
The UK has lost significant market share in its key export destinations – Germany, the US and China – amid the COVID-19 pandemic last year, which also might have failed to grasp emerging market opportunities, according to new research published by Aston University's Lloyd's Banking Group Centre for Business Prosperity on Monday.
China's central bank, the People's Bank of China (PBC), has conducted trials for Digital Currency/Electronic Payment (DC/EP) across selected Chinese cities since last year. Some foreign media outlets recently associated the process with geopolitics, assuming that the PBC plans to establish a new global financial configuration by issuing DC/EP. Some even jumped to the conclusion that the Chinese government deems the issue and control of a sovereign digital currency as a "new battlefield" of national competition.
Chinese State Councilor and Foreign Minister Wang Yi on Sunday reiterated China's opposition to “vaccine nationalism” and re-emphasized China's commitment to maintain equitable vaccine distribution in the world, saying China rejects any “vaccine divide.”
The US government's blacklisting of Chinese smartphone maker Xiaomi Corp may lack evidence to support of its spurious claims of "having military ties," a report of the Wall Street Journal over the weekend showed.
The ongoing Two Sessions in Beijing is attracting the eyes of the world as China, the most important contributor to global economic growth, is charting a development course for the next five years, most significantly, encouraging further technology innovation and sprucing up self-reliance in critical technologies, so that the country is able to continue on its path to becoming an advanced economy.
The White House Wednesday published US President Joe Biden's first strategic guidance – Interim National Security Strategic Guidance. The document expands on Biden's vision for how America will engage with the world, including US' stance in unfolding strategic competition with China.
In New Delhi's latest efforts to bolster India's manufacturing capacity, Nitin Gadkari, the transport minister of the South Asian country reportedly assured Tesla Inc with the cheapest manufacturing cost in world – even lower than China.
As the US dollar continues its weakening trend, the bearish consensus and the forecast of a potential collapse of the greenback have expanded its grounds among Chinese analysts. In interview with the Global Times, Chinese experts share their argument on why it's difficult for the US to prevent a plunge in the value of dollar and what preparations are needed in advance for economies to cope with related risks.
The value of Chinese investment in Australia collapsed in 2020, plunging by more than 61 percent to just more than A$1 billion ($783 million), a six-year low, according to new data released by the Australian National University (ANU) on Sunday night.
With the one-year countdown to the Winter Olympics in Beijing underway, some anti-China forces cannot pass up opportunity to use the high-profile sports event to vilify China, including Canada, the US and the UK.
Global barley suppliers including Argentina and France are swiftly filling the supply gap in China left by Australian exporters. With new supply chains taking shape, it will be hard for Australian farmers and exporters to win back their markets share forfeited as a result of Canberra's ill-conceived anti-China policies.
Signing the executive order demanding "Buy American" only five days in the White House, Joe Biden has demonstrated his unequivocal support to the country's manufacturing industry at the beginning of his presidency.
China returned as the largest trading partner of India in 2020 - an extreme year for bilateral relations as New Delhi recklessly adopted a speculative approach to antagonize China from border disputes to economic frictions. The so-called "decoupling China" policy has clearly failed and turned out as a rebuke toward Indian nationalism.
After more than half a year of reckless provocation against China, India reportedly plans to lift a blockage on Chinese investments amid its rising awareness of the importance of Chinese capital which has boosted the development of Indian industries in the past years.
Declaring "America is back" in his first big presidential moment after coming into office, US President Joe Biden pledged up to $4 billion to help get poorer countries vaccinated against COVID-19 at Friday's Group of Seven (G7) meeting of world leaders.
While massive vaccination campaigns are raising hope globally, the uncooperative and selfish attitude toward vaccines adopted by some developed countries, from manufacturing to distribution, has caused headwinds for the COVID-19 pandemic containment as well as the recovery of world economy.
The UK recently updated its guidance on overseas businesses operating within the Hong Kong Special Administrative Region (HKSAR), playing up "political risks" there in order to vilify the National Security Law for the SAR which has been enacted to restore stability and safeguard long-term prosperity of HK. During interviews with the Global Times, Chinese experts noted that Hong Kong, with improved legal system, remains a major international financial center and has a promising future; while the UK, suffering through an unprecedented economic recession, will only narrow its prospects for recovery and development if London continues to antagonize China.
Science and technology is one of the most important strategic pillars in maintaining US hegemony and will impact the competition between China and the US, which remains a perpetual theme irrespective of who occupies the Oval Office.
Farmers play a vitally important role in the global community, their hard work and dedication produce the food and other essential crops that we all depend upon.
During the Chinese Lunar New Year holiday, a new round of trials for Digital Currency/Electronic Payment (DECP) developed by the People's Bank of China (PBC) continued to be rolled out across selected Chinese cities.
Many underdeveloped countries have seen their debt pressure being highlighted due to the outbreak of the novel coronavirus, which, in the eyes of some ill-intentioned foreign media outlets and anti-China forces, provides the best chance to smear China by hyping up the groundless "Chinese debt trap" theory.
Chinese smartphone vendors in 2020 grew their market share in India despite the headwinds caused by New Delhi from border clashes to economic conflicts.
China's hedge funds, which are smaller in size and less famous than their competitors from the Wall Street, have become a stronger money-making force and attracting more assets in 2020, data released ahead of the Chinese Lunar New Year said.
The UK House of Commons is set to vote next week on an amendment to its Trade Bill, which was passed by the UK House of Lords on February 2. Two among the total eight revised terms were widely regarded as targeting China.
China's 1.4 billion people are entering a buying spree as they prepare to celebrate the Spring Festival holiday, the most important celebration of the year for singing, dancing and feasting with family members and close friends. The usually joyful leisure time also offers a special window to look back at the past and choreograph a plan for the coming year.
Recent Chinese purchases have reportedly contributed to higher prices for key crops and China's increasing barley purchase will ensure sales for foreign agricultural producers.
With the UK as a host, some Western developed countries are reportedly planning to sit down and find solutions to reboot their economies. Reaching a consensus may not be an easy task for the countries, but more importantly, developed economies should be aware of the importance to redress ideological problems and make efforts to boost the global economy, instead of forming different clans and trying to make self-serving rules.
Clouded by a deteriorating China-Australia relationship, Australian trade has gone through a year of ebb and flow, which needs objective and rational analysis instead of jumping to conclusions based on one final numerical trade balance.
For more than two years, the US trade war has failed to meet almost all of its set goals. The US trade deficit with China has risen, and the manufacturing industry has not returned to the US.
India on Monday rolled out its much-awaited 2021-22 fiscal year budget, with one of the highlights centered on sharply boosting infrastructure expenditure. In line with its existing policy framework, the infrastructure spending boost is expected to contribute to its economic growth in the long term. However, the country still needs to take an open mind toward international cooperation and foreign investment.
The Committee on Foreign Investment in the US (CFIUS) is reportedly continuing to step up scrutiny of Chinese investments in US technology start-ups, and some penalties could be handed out later.
As the novel coronavirus infection and lockdown restrictions continue across the UK, the British economy is now facing unprecedented pressure, with confidence of both consumers and businesses reaching historical lows. Though it is one of the earliest in the world to initiate vaccination, the country may not be able to see effective economic recovery in short term.
As countries, especially developed economies, are paying accelerating efforts on developing official digital currencies, India has also repeated its intention to follow up the agenda, with latest efforts on weighing a new law to ban private crypto-currencies and to pave the way for official digital currency issuance. However, with currently insufficient financial and technological prerequisites, it may not be a mature decision for India.
Australia appears to be pulling another publicity stunt. In a recent interview, the newly installed Australian Trade Minister Dan Tehan said that he had written a "detailed" letter to his Chinese counterpart in which he expresses hope that they could have a "constructive dialogue." A week or so later Tehan has started publically whining that he hasn't received a reply.
Despite an unprecedentedly large scale fiscal and monetary stimulus, the US economy tanked 3.5 percent in 2020, registering the worst year since the 1940s.
While the hard-hit Indian economy continues to struggle in 2021, discussion surrounding a K-shaped "recovery path" has been raised as the country's wealthy elite is recovering faster than the rest, giving rise to a wider wealth gap which will be risky for the country's development.
Since China-South Korea Free Trade Agreement went into effect in December 2015, zero-tariff trade has accounted for 55 percent of the total trade between the two East Asia countries, data from China's General Administration of Customs (GAC) showed on Thursday.
While the number of the novel coronavirus infections has surpassed 100 million, Britain became the first nation in Europe reporting more than 100,000 fatalities. Facing grave challenges, the British economy is estimated to have a long way to go before it can get back on track and regain momentum.
While China is leading the way in promoting international cooperation on supply of COVID-19 vaccines, and aiding other countries to ease supply shortfalls, some western media outlets continue to baselessly assault China's efforts. The attacks will serve only to jeopardize global cooperation in the fight against the pandemic.
Under the dual pressures of a pandemic and trade protectionism, the global trading system has been badly disrupted, with the World Trade Organization (WTO) going through an unprecedented challenge of its disputes settlement mechanism (DSM) appellate body suspension due to the US' obstruction.
After recording a 7-percent export decline in 2020, Australia, with iron ore exports as its main driving force, may see its trade to improve in 2021 alongside the global economy's recovery from the COVID-19 pandemic.
In its latest "Asia Economics Quarterly" report, the Hong Kong Shanghai Banking Corporation (HSBC) said Vietnam posted the fastest growth in Asia in 2020 and will once again be among the star performers in the region in 2021.
As one of the major free trade blocs in the world, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is about to see a new applicant - the UK which just exited from EU. Taking in more members will strengthen the deal's reach, accelerate economic and trade integration, as well as contribute to the reshaping of the global trade order.
Maintaining economic growth is seen as a crucial test for the policy-making of Japanese Prime Minister Yoshihide Suga's administration. Revitalizing Japan's economy from the damages caused by COVID-19 is the key to solve current problems facing Japan, concerning various aspects of Japan's development planning.
As the US President-elect Joe Biden becomes the host of the White House, how the world's largest economy under the new Biden administration will readjust its role on the global stage is the subject of heated debate and wild speculation, including the Five Eyes member Australia, which has seen internal debate on Canberra's binding its own fate to the gone Donald Trump government.
Since the India drug regulator's hastened approval of its COVID-19 vaccine over the weekend, market confidence in the South Asian country has clearly been shored up, with some analysts even appearing to be overly optimistic.
When carrying out large-scale infrastructure construction, it is a fundamental choice to use it as a cash cow or regard it as a cornerstone in the country's long-term development to rapidly and efficiently setup the network and boosting informationization.
British Prime Minister Boris Johnson has extended an invitation to his Indian counterpart Modi for an expanded online Group of Seven(G7) summit in June, leading some analysis in India that the South Asian country can discuss detailed approach toward China with other Western countries.
As Washington DC prepares for a presidential inauguration after the Capitol was ransacked by a mob, the global market is also on higher alert for potential policy shift to be brought about by the incoming Biden administration.
As COVID-19 pandemic continues to rage across the world, not only did Latin American countries fail to protect their economies from the deadly crisis, but the inherent structural problems prevalent across the region have been exacerbated. Political wrangling has not slowed down amid the fight against the virus, and the region's economy has lapsed into a deep recession.
Outgoing US President Donald Trump's social media accounts and content have been blocked or restricted by multiple global online media and platforms, including Twitter, Facebook, Google and YouTube, which has aroused doubts around the world. German Chancellor Angela Merkel finds Twitter's decision to ban President Donald Trump's account "problematic," her spokesperson said, showing EU's vigilance toward US internet giants.
The global economy enters 2021 holding both hope and fear - vaccines and new virus variants. With less-developed economies bearing the brunt of the crisis, their debt levels have raised the eyebrows. Since the outbreak, China has ratcheted up efforts to fight the virus together with the developing countries. Now, concerted global efforts are needed to pull the battered poor economies out of the quagmire.
Despite the severe COVID-19 impact on global trade, Chinese customs data showed on Thursday that Chinese trade has delivered marked growth in 2020. While the country has bought more goods and services from other major economies such as ASEAN and EU, its imports from UK dropped 17 percent year-on-year.
Although many uncertainties and complexities remain in the way of China's economic growth in 2021, there are multiple areas where relatively steady and high growth can be achieved through efforts. The existing digital economy is one that shows strategic stability, and with appropriate facilitating policies and regulations it will boost the upgrading of China's economic structure with breakthroughs in key technologies and achieving a stable high growth.
The price of liquefied natural gas (LNG) has surged to record highs in recent tradings, with the weekly spot price assessment settled at an all-time-high price of $21.45 per million British thermal units. While most market analysts are focusing on the underlying market factors including seasonable price movement, a few analysts are seeking to lay the price hike on China.
Alongside a flip-flop farce of the New York Stock Exchange regarding delisting three Chinese telecom companies last week, there have been other negative effects borne out of Trump's recent restriction on US capital investing in listed Chinese companies. Like the presidency of Donald Trump, the ruthless clampdown appears to be drawing to an end.
With the coronavirus pandemic ripping across the world, 2020 was an extremely tough year for global businesses, especially the startups. India has been particularly hard hit, with venture capital going to local startups dipping 34 percent year-on-year in 2020, dropping from previous year's $14.2 billion to $9.3 billion, according to industrial analysis platform KrASIA.
With the Spring Festival peak shopping season rapidly approaching, Chinese market regulators at different levels of the government are ramping up strict, detailed measures in all links of cold-chain food markets - in particular inspections on imports, so as to lower COVID-19 contamination risks.
After a year of novel coronavirus onslaught, the world has entered 2021 with quite a few vaccines available. India, with confirmed COVID-19 cases exceeding 10 million now, is seen rushing into approving two vaccines for emergency usage, including one home-grown candidate which has yet to complete the so-called phase III trials.
As the COVID-19 pandemic continues to rage into 2021, Chinese adheres to a 30-year diplomatic tradition - its foreign minister visiting Africa for the first overseas trip for the year.
As the US transition of power on January 20 draws near, the outgoing Trump administration has rolled out another anti-China measure with a raft of tough new curbs on Chinese companies.
The long-awaited post-Brexit era of the UK has not got off to a smooth start, dipping further down into the coronavirus crisis and a continuously bumpy post-Brexit road may make the pain even worse. Meanwhile, some ideology-skewed British politicians have chosen to turn the country from a European troublemaker into a global one by playing up the so-called decoupling China theory, at a potential cost of a dimmer prospect of its recessionary economy.
While the global economy is battered by the COVID-19 pandemic, with many developing countries bearing harder brunt, the US government recently announced to withdraw a $480 million aid to Sri Lanka, which could be well received by media as a move by the US unhappy with blossoming economic cooperation between Sri Lanka and China.
China has recently announced a plan to secure self-sufficiency in soy production and edible soybeans by increasing acreage throughout 2021 as part of a comprehensive plan to ensure food security.
With the deadly coronavirus still raging globally, the tough 2020 drew to an end and the new year initiated. Chinese State Councilor and Foreign Minister Wang Yi on Monday started his first overseas visit in 2021 to Africa, heralding deepening ties of the two sides in which vaccine cooperation and free trade agreements would be new highlights during the post-pandemic era.
With COVID-19 and its mutant variants expected to dominate media headlines in 2021 and continue to shadow the global economy, the recently-concluded China-EU talks on the Comprehensive Agreement on Investment (CAI) are set to enable European and Chinese companies to be aligned closer, cooperate on clearly-defined terms, and shore up a common industrial supply chain and create more jobs for both sides' workers.