Lithuania's Economy Minister Ausrine Armonaite said on Tuesday that the island of Taiwan has strengthened its financial commitment to Lithuania by launching a $1 billion credit fund for joint investment projects between the two parties.
The China-Canada economic relationship remains on rocky ground with many obstacles emerging in 2022, dashing the hope of many for improving bilateral ties following the safe return of Huawei executive Meng Wanzhou in late September last year.
During a meeting with Chinese State Councilor and Minister of Foreign Affairs Wang Yi in Colombo on Sunday, Sri Lanka's President Gotabaya Rajapaksa asked China to restructure its debt repayments as part of an effort to help the South Asian country navigate its worsening financial situation, according to a statement from the president's office.
The unrest in Kazakhstan has attracted global attention over recent days. While the situation was reportedly largely brought under control by local authorities over the weekend, the worst violence in this Central Asian state in the past three decades has still triggered concern over the potential impact on China's economic and trade cooperation with Kazakhstan.
While it is a widely-accepted trend for internet giants to face growing regulatory scrutiny around the world, it is strange that some Western media outlets continue to believe that China's efforts to regulate its internet economy will harm Chinese economy.
At a time when the US has witnessed 1 million coronavirus cases in a single day, it is ironic to see political-risk consulting firm Eurasia Group claim that the potential "failure" of China's zero-COVID policy poses the biggest global risk in 2022.
As a new American legislation puts multinational companies in a dilemma when it comes to their Xinjiang-related businesses, one of the countermeasures China could take is to increase the region's economic attractiveness to foreign companies to gradually put this debate to rest.
Amid new changes seen across the global and domestic pandemic situation, maintaining a zero-COVID policy while still ensuring normal economic activity is likely to be the most crucial challenge facing the Chinese economy this year.
Over the past two weeks or so, several foreign companies have become mired in controversy in the Chinese market. Following US chip firm Intel, supermarket operator Sam's Club and German carmaker Mercedes-Benz, US entertainment giant Disney has been on the receiving end of a local backlash.
As the China-US phase one trade agreement is set to mark two years in force next month, there are many questions about the progress of the deal amid the COVID-19 pandemic. But if there were any issues with the implementation process, it is the US side who should accept the blame, given the country's worst response to the public health crisis, severe economic and logistical woes and refusal to give up protectionist trade policies.
The eighth round of talks between six major countries and Iran on reviving the 2015 nuclear accord, known as the Joint Comprehensive Plan of Action (JCPOA), resumed in Vienna on Monday.
It is a bleak winter for Europe mired in a seemingly endless energy crisis, with gas prices in Europe surging six-fold now. Last week, the European benchmark, the Dutch gas price on the ICE futures exchange, hit a record high.
If India were to choose an ally, it would be China first and foremost, not the US, as this is in line with the laws of economic development under globalization, and the needs of the two peoples' interests.
With Christmas just around the corner, US retailers are still preparing for last-minute holiday shopping rush, after disappointing shopping traffic and sales numbers during the “Super Saturday,” which is usually one of the busiest shopping days of the year in the US.
Lithuania may still be banking on support from the US in the face of economic woes, but Washington could only pay lip service for Vilnius' requests following the latter's pathetic participation in political game in which the Baltic nation is nothing more than a US pawn.
It is no secret that the US has become increasingly paranoid about anything related to China. The latest case in point is China's digitalization efforts in the global shipping industry.
Some Western media outlets have been hyping up China's “economic coercion” against Lithuania over the latter's provocative actions on the Taiwan question, prompting concerns among some European companies that their exports to China that contain Lithuanian components may face trouble entering the country.
While it is commendable that the UK has made progress in expanding its "circle of friends" for economic and trade cooperation, the potential trade benefits are limited compared with its need to boost a domestic economy that has been seriously hit by both Brexit and the pandemic.
US President Joe Biden on Wednesday signed two new executive orders imposing sanctions on 25 entities and individuals allegedly involved in drug trafficking, among which four Chinese chemical companies and one Chinese citizen appeared on the sanction list for supplying chemicals used to make fentanyl.
Taliban spokesperson Zabihullah Mujahid on Tuesday announced that the Taliban have resumed work with China on the Aynak Copper Mine project, the world's second-largest copper mine, according to Russian news agency Sputnik.
While there are no short of tough voices against China in Europe recently, reports about constructive progress in China-EU economic and trade cooperation continue to flow in, an interesting contrast reflecting that pragmatism is driving bilateral ties.
With the US attempting to ring-fence Chinese telecommunications technology, it has become more urgent than ever for China to break the blockade of West-led alliance in consolidating its role in network infrastructure.
China's tone-setting Central Economic Work Conference came to a close on Friday in Beijing, in which top officials sent a clear signal that stabilizing growth in the coming year was a top priority.
With only a few days to go before the 20th anniversary of China's accession to the WTO, it is ludicrous to see US Republican Senator Marco Rubio, like some internet influencers, take advantage of the situation to again blame China for the US' economic problems.
The European Commission was set to propose on Wednesday an "anti-coercion" trade measure that is designed to create a pathway to more easily launch economic retaliation against non-EU countries.
China's central bank on Monday announced to cut the reserve requirement ratio (RRR) by 50 basis points for all financial institutions, while on the other side of the Pacific, the US Federal Reserve is widely anticipated to tighten its monetary policy.
In its Asia Power Index for 2021 released on Sunday, the Sydney-based Lowy Institute said that while China improved on some resilience indicators, its influence in Asia has declined with its "isolationist" turn as well as structural problems such as the aging population and heavy debt load.
Lithuania has turned to the EU for help after local media outlets hyped that the Chinese customs had blocked all imports from the Baltic nation amid an escalating diplomatic dispute over the Taiwan question. But if the EU respects the one-China principle, then it has the responsibility to restrain Lithuania from recklessly elevating its own political issue to the bloc's economic and trade sphere.
Former Japanese Prime Minister Shinzo Abe, who resigned last year amid a series of challenges and appears poised to reenter Japanese politics, made extremely erroneous remarks on the Taiwan question on Wednesday, suggesting that Japan would intervene if the Chinese mainland attacks the island of Taiwan.
The European Union (EU) on Wednesday announced plans to unveil the so-called Global Gateway, an infrastructure initiative to mobilize up to 300 billion euro ($341 billion) in public and private funds by 2027 to finance EU infrastructure projects abroad. Ever since it was first brought up in September, Western media outlets have widely described it as a bid to rival China's Belt and Road Initiative (BRI).
Some Chinese investors are no longer willing to put up with Ukraine's politicization of commercial projects and have moved to take legal actions, after the country imposed sanctions on Chinese investors, while expropriating their investments over unfounded excuses.
Talks between world powers and Iran on reviving the 2015 nuclear deal is set to resume in Vienna, Austria on Monday. While global attention mainly focuses on the nuclear agreement, results from the talks may also have implications for global crude supplies in the future. As the US and other economies face high crude prices and surging inflation, there is also expectation that the talks should result in the US' lifting of unilateral sanctions against Iran.
Though extremely cliché, some Western media still can't pass up any chance to hype up the so-called "debt trap" theory when it comes to cooperation between China and other developing economies. The latest example is Uganda's international airport, which some media reports said is under risk of being "taken over" by Chinese lenders after failing to make a repayment.
Lithuania may be still under the illusion that the US and Europe could help it resist the pressure from China after the Baltic country's reckless provocation on the Taiwan question, but reality is set to slap it in its face.
It seems that the US and the island of Taiwan will continue with their political theater by engaging in empty economic talks, and it only exposes the shallow and fragile nature of their economic cooperation.
The Chinese embassy in the Democratic Republic of the Congo (DRC) issued an alert on Sunday, warning Chinese citizens not to go to the high-risk provinces of the African country, after five Chinese nationals were kidnapped in an armed attack at a local mine on the same day.
While many expect Indian economy to return to a relatively fast growth track once it recovers from the pandemic, the underlying drivers needed for a sustained growth remain fragile, and the root cause behind the fragility is that the South Asian nation has barely achieved any substantial result in promoting key reforms during the past 10 years.
Japan is considering releasing oil from its strategic reserve to help stabilize soaring international crude oil prices, the Kyodo News reported on Saturday, citing Prime Minister Fumio Kishida.
Australia appears to be counting on an ambitious plan to boost its technological development by protecting and promoting critical technologies, but attention is more focused on how it will hinder already troubled China-Australia cooperation in terms of technology research.
The world's most indebted real estate developer China Evergrande Group has managed to avert default again and again, ever since the news about its liquidity crunch emerged. The fact that the Chinese real estate giant's capital pipeline is not that strained as anticipated has even triggered speculation as to how Evergrande has been able to find the money it needed.
Chinese and US leaders stressed the need for increased communication to manage differences and pursue win-win cooperation in areas of shared interests during a long virtual summit on Tuesday. But in Washington, US lawmakers are seeking to push forward what has been described as the "China tech bill," which would include potential sanctions against Chinese businesses.
In an exclusive interview with US broadcaster CBS' "Face the Nation" that aired on Sunday, US Treasury Secretary Janet Yellen said that lowering the punitive tariffs imposed by former US President Donald Trump's administration on Chinese goods is "certainly something that's under consideration," while admitting that "tariffs do tend to raise domestic prices."
A global chip supply crunch has lasted for a protracted period of time, holding back the recovery of many industries across the world. The US has also found itself struggling to meet market demand; however, Intel Corp's latest effort trying to address the problem has reportedly been put off by Washington's insistence out of its skewed anti-China mindset.
The US on Wednesday released their latest inflation figure for October, as the CPI surged 6.2 percent from the previous year, the biggest increase in 31 years – which is sure to add rising pressure on the White House and the US Federal Reserve.
Some people say that gaining access to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be a major test for China, but vice versa, accepting China will also be a significant test for the CPTPP as to whether the free trade treaty could cover a colossal consumption market.
While it is commendable that the US may finally make progress in supporting the infrastructure needs of some developing countries, its attempt to fuel an "infrastructure rivalry" won't deter China's determination to push forward the Belt and Road Initiative (BRI).
While trade tensions between China and Australia continues amid a downward spiral of bilateral relations, some Australian businesses haven't given up the opportunity to promote their presence in the Chinese market.
The US House of Representatives passed a $1.2 trillion bipartisan infrastructure bill late Friday aimed at modernizing the country's infrastructure, including roads, bridges, ports, water lines, and broadband, marking the largest public infrastructure spending package in history.
With only a few days to go before a US-set deadline for global semiconductor companies to submit sensitive data to the US government, South Korean semiconductor giants appear to be among the last to make preparations to hand over their data, despite a clear reluctance to do so, The Korean Herald reported on Wednesday, citing anonymous industry insiders.
Indian Prime Minister Narendra Modi's surprising and ambitious climate target of net-zero carbon emissions by 2070, announced at the 26th UN Climate Change Conference (COP26) in Glasgow, UK, has attracted wide attention and sparked a heated discussion.
Tesla's shares jumped sharply again on Monday, extending last month's momentum into November. The continued strength of the world's leading electric vehicle maker, which just became the sixth company in US history to cross $1 trillion valuation last week, can be seen as a microcosm of the close business cooperation between the US and China, despite their diplomatic tensions.
The 26th UN Climate Change Conference (COP26), which will host crucial negotiations in Glasgow over the coming two weeks, is being hyped as the world's last chance to keep climate change from escalating out of control.
The 26th UN climate conference (COP26) on Sunday kicked off in Glasgow, UK, which, amid this year's frequently emerged disastrous weather across the world, has become a wrestling match between the developed and developing countries. As the third largest carbon dioxide (CO2) emitter, India, wooed by the West on many international topics, is not spared from the pressure imposed by the rich countries.
The Association of Southeast Asian Nations (ASEAN) and Australia agreed on Wednesday to establish a “comprehensive strategic partnership,” which has been hailed by Australian media as part of Canberra's bid to expand influence in the region. The move came at a time when the US and its allies have been wooing ASEAN in an attempt to pit the bloc against China.
After asking Tesla to make its electric vehicles (EV) in India, the South Asian country appears to be working on new plans to target major global EV battery makers as part of its effort to promote new-energy vehicles on its bumpy roads.
While commending China for its actions in recent years to combat climate change in a speech on Monday, UN Secretary-General António Guterres called on China to set “ambitious” goals to combat the environmental crisis in the run-up to the 26th United Nations Climate Change Conference (COP26) to be held Glasgow, the UK.
Disruptions and chaos in global supply chains continue to plague industries around the world, with the latest commodity that is seeing supply shortages being magnesium, a metal widely used in a number of industries such as aluminum alloys – all adding to increasing signs of the urgency to establish a global supply-chain coordination mechanism to find win-win solutions rather than pressing one side to fix the problem.
The US government appears to be close to gaining access to sensitive data held by major global chip suppliers including Taiwan Semiconductor Manufacturing Co (TSMC). The move has not only gone beyond normal market regulation, but may also plunge the semiconductor industry into a new round of geopolitical backbiting amid ongoing China-US tensions.
As China's energy transition progresses, its demand for natural gas is expected to steadily increase over the coming years, which may inject new impetus to global energy cooperation, which could make China and the US to strike for a return to normal bilateral relations.
It seems tempting for some British media outlets to point an accusing finger at China for the UK's energy crisis, but the attempts to pass the buck are apparently in vain, as there is no foreign culprit for problems triggered by the overall decline of the British economy.
There appears to be light at the end of the tunnel for Chinese investors when it comes to entering the UK market ever since the relationship between China and the UK soured in about two years ago.
After the sensational talk about China filling the "vacuum" left by the US withdrawal from Afghanistan, some US media outlets have begun whining about the potential economic cooperation between Kabul and Beijing. But China's Afghan policy will only be carried out in accordance with its overall foreign policies and national interests with no regard for US badmouthing and criticism.
Among India's major trading partners, China and the US have been taking turns to register as the largest trading partner of the South Asian country. The latest data showed that the US ranked first again on the list.
It is not uncommon to see US politicians propose a self-reliant industry policy as a solution to the supply chain crunch, but it is such kind of misguided approach built on protectionism and economic politicization that has actually allowed a short-term supply chain bottleneck to ferment into a real crisis.
Every few years, America's debt ceiling showdown takes the world economy over the precipice of disastrous financial crisis and deep recession. As the measures of raising or suspending the debt limit are now a routine to stave off an imminent default, America's bizarre sovereign default crisis has become a growing threat to the world.
With the global power crunch raising alarms for the coming winter power consumption peak, the market is anticipating Wednesday's release of China's trade data for September for more clues as to whether the country will increase coal imports sharply in the coming months.
An unprecedented energy crunch is sweeping much of the world even before the Northern Hemisphere winter season fully sets in, when more electricity and heat are needed in homes and in factories.
As the Chinese society is watching whether Chinese real estate giant Evergrande can weather a liquidity crisis through an asset selling spree, some from the West have already gone too far in hyperventilating about its spillover effects on the world economy. But that won't disrupt the pace at which China addresses some of its potential systemic risks.
After Lithuania sought to develop relations with the island of Taiwan in a way that violates the one-China principle, there have been increasing voices in the EU placing an unusual and dangerous focus on developing ties with the island. European leaders would be well advised to avoid crossing China's red line on the Taiwan question.
In the latest instance of fearmongering commentary over the Chinese real estate giant Evergrande's debt crisis, an opinion piece on Bloomberg on Tuesday tried to use the firm's troubles to disparage China's genuine aspirations to improve quality of life for its 1.4 billion people and its poverty alleviation efforts that have already achieved a historical milestone in eradicating extreme poverty, claiming that “common prosperity can turn into shared poverty very quickly.”
The 13th China International Aviation & Aerospace Exhibition (Airshow China) is set to be held in Zhuhai, South China's Guangdong Province, from Tuesday to Sunday, with nearly 700 companies from around 40 countries and regions participating in both online and offline events.
While many observers expect the return of Huawei's Chief Financial Officer Meng Wanzhou to create a relatively favorable atmosphere for US-China relations, some stubborn anti-China forces can't help but flagrantly point an accusing finger at the development, only to make themselves look like a “contemptible scoundrel” like in a well-known Chinese idiom.
Leaders from the US, Japan, India and Australia are set to meet for the first-ever in-person Quad summit in Washington on Friday.
While US officials have stayed put grumbling, endlessly, about their national security concerns over Huawei, the Chinese tech giant has chosen to charge ahead amid a storm of unfounded allegations and accusations.
The new submarine deal in which the US and the UK pledge to help Australia build a fleet of eight nuclear-powered submarines, has sparked an intense backlash in France and across the EU.
Australian taxpayers have every reason to demand an answer from the Morrison administration as to why ordinary Australians always end up paying for America's cold war gambit. The US, UK and Australia announced Wednesday the trio would form a new trilateral security system for “ensuring peace and stability in the Indo-Pacific.” As part of the security pact, known as AUKUS, the US and the UK have pledged to provide Australia with the technology and capability to deploy nuclear-powered submarines, according to media reports.
Despite the increasingly tough voices over the so-called financial decoupling between China and the US, the resumption of the China-US Financial Roundtable (CUFR) may be a sign that the idea is not popular to all.
Anti-China forces within the European Parliament are expected to create fresh damage to China-EU relations by once again provoking China over the Taiwan question.
Signs that the Biden administration doesn't appear to have given up on the idea of starting a new trade war against China have triggered renewed market concerns over the escalation of trade frictions between the two nations.
While some Western media outlets tried to draw a link between the Chinese regulatory fine against Canadian clothing maker Canada Goose (CG) and China-Canada tensions, observers should turn their attention to what the Canadian government has done to a Chinese company as a genuine example of political discrimination and suppression.
While the withdrawal from Afghanistan war has triggered reflection on US military interventions across the world over the two decades since 9/11, 2001, the troubles are far from over and another far worse crisis is looming in the country as the US war economy has already thrown the US debt level onto an unsustainable track.
Billionaire investor George Soros, who is despised by many around the world for triggering and profiting from crises, started a fresh campaign against China's economy over the country's recent regulatory actions. But like his repeatedly failures and massive losses in betting against the world's second-largest economy before, Soros' latest attempt is not only doomed to fail but will also erase any credibility he still has when it comes to China.
The European Centre for Constitutional and Human Rights (ECCHR), a German-based organization, recently filed a criminal complaint in the country against several textile brands and retailers, accusing them of being complicit in crimes against humanity on the basis that their supply chain may contain cotton from Northwest China's Xinjiang Uygur Autonomous Region. Several companies, including Hugo Boss and Lidl, were named by the ECCHR in a statement.
As the global climate change conference in Glasgow, the UK, draws closer, diplomatic efforts to prepare for the crucial meeting is ramping up.
India's concern over the US' debacle in Afghanistan is drawing renewed attention with growing pessimism toward the South Asian nation's loss of economic investment and geopolitical influence in Central Asia.
Japanese Prime Minister Yoshihide Suga, under pressure from the LDP powerbrokers, announced on Friday that he won't seek reelection as the ruling party leader, effectively ending his one-year stint as prime minister. Very likely, Japan will enter a period of increased political instability and volatility after the end of the lengthy reign of Shinzo Abe. Suga has been serving out the one year remaining on Abe's term, who left on health reasons.
The 6th Eastern Economic Forum (EEF) is currently being held in Vladivostok, Russia, from Thursday to Saturday.
The Biden administration's clampdown on Chinese companies trying to invest abroad in chip-related assets appears to be moving in a dangerous direction, one that requires vigilance from the global high-tech players.
Despite the cold water poured by the Western media, the Taliban's pledge to ban drugs in Afghanistan may actually rest on its cooperation with other regional countries, in cracking down on drug trafficking activities and seeking to invest on alternative industries to provide jobs for ordinary Afghans.
Afghanistan's reconstruction will largely hinge on whether the Taliban are able to stabilize the situation and restore order, while making full use of the country's mineral resources to ensure its growth and prosperity.
It seems like an enduring topic as to when Singapore will supplant China's Hong Kong Special Administrative Region (SAR) as Asia's financial hub, a topic which could always be reanimated whenever there is any update of seemingly supportive data.
A group of Wall Street veterans and high-level Chinese government officials are planning to hold a virtual meeting of the China-US Financial Roundtable (CUFR) for the first time in a year, Reuters reported on Wednesday. The CUFR, formed during the escalating China-US trade tensions in 2018, is reportedly set to convene again in autumn.
As the US seeks to impose sanctions against Afghanistan and stop much-needed global assistance to the country, the already-emerging global de-dollarization push could further accelerate with countries increasingly adopting alternatives to the US dollar.
The drastic change in Afghanistan has provided a renewed opportunity for cooperation between China and the EU as both sides have economic interests in the region. Such cooperation is not only urgently needed in Afghanistan but is also conducive to promoting stability and development in the country.
Even as the US continues its chaotic evacuation from Afghanistan and the situation remains fluid in the country, the most pressing issue for all parties is the rebuilding of the country.
Lithuania must pay the price for openly provoking the one-China principle and undermining China's sovereignty.
Benchmark iron ore futures on Thursday recorded significant drops as concerns grow over sluggish demand for the raw materials.
While the US' bungled and embarrassing withdrawal from Afghanistan is still shocking the world, the American media has already started to worry about possible cooperation between the Afghan Taliban and China, especially when it comes to Afghanistan's rare-earth resources.
Construction on the first river-crossing railway bridge between China and Russia was completed on Tuesday. With overland transport infrastructure increasingly enhanced and accessible, new artery will effectively link up numerous inland countries and cities and release unrivalled economic and trade potential.
Accusation by a US-based contractor that Chinese tech giant Huawei had set up a "backdoor" to spy on Pakistanis has drawn growing attention with the political implications behind the scene.