There was a time when Asian economies made concerted efforts to promote regional financial cooperation in the wake of the 1997-98 Asian financial crisis, with the view of enhancing their ability to withstand outside financial risks. Now financial coordination is no longer the focus of regional economic development, but under the growing threat of the stronger US dollar, the intensifying wave of depreciation of Asian currencies seems to have offered a renewed opportunity for regional countries to once again facilitate financial cooperation.

Indian External Affairs Minister Subrahmanyam Jaishankar said on Saturday that with India set to assume the presidency of the G20, the South Asian nation will work with other G20 member states to address serious issues of debt, food and energy security, Indian media outlets reported on Sunday.

Chief executives at some of the largest US banks came under pressure from US lawmakers to commit to taking a tougher stance on doing business with the Chinese mainland amid growing tensions over the Taiwan question, Reuters reported on Thursday.

Brent Neiman, a counselor to US Treasury Secretary Janet Yellen, urged China to "take part in coordinated debt relief for vulnerable nations to avoid the specter of a systemic sovereign-debt crisis," Bloomberg reported on Wednesday.

Due to the Japanese yen's sharp depreciation, Japan's nominal GDP denominated in US dollar terms is likely to shrink significantly to below $4 trillion this year, falling back to a level last seen 30 years ago, the Nikkei reported on Monday.

South Korean President Yoon Suk-yeol on Sunday kicked off a three-nation trip that will include his first address to the UN General Assembly and a summit with US President Joe Biden, according to the Yonhap News Agency.

The world is facing "a global emergency of unprecedented magnitude" as the number of people facing acute food insecurity worldwide has more than doubled to 345 million this year since 2019, said David Beasley, executive director of the UN World Food Programme, according to Al Jazeera.

US President Joe Biden announced on Thursday morning (US time) that a tentative deal had been struck to avert a national rail strike that could have brought devastating chaos to the country's supply chains amid already-high inflation.

As the US Federal Reserve's monetary tightening policy is set to wreak havoc and cause shocks across the global economy, there is increasing urgency for China, Russia, and other economies to step up cooperation to break the US dollar's dominance in the energy market.

US nongovernmental organization Human Rights Watch (HRW) on Tuesday called on the Australian government to impose targeted sanctions against China over the so-called human rights violations by banning imports of products made using "forced labor," said a report from the Chinese version of VOA.

Indian Prime Minister Narendra Modi will attend the Shanghai Cooperation Organisation (SCO) summit held in Uzbekistan this week, the government said in a statement on Sunday.

The US Securities and Exchange Commission (SEC) warned that American accounting firms need to be cautious about taking on New York-listed Chinese companies as new clients, Bloomberg reported on Wednesday. The SEC asked US firms to fully vet their clients before engaging them, the report said.

As the new prime minister of UK, Liz Truss inherits an economy in crisis, with inflation at a 40-year high. In her first speech as prime minister, Truss was quoted as saying that she will help the nation "ride out the storm" with a "bold plan" for the economy.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has agreed to cut 100,000 barrels a day from crude output from October, reverting to the supply level for August.

German carmaker Volkswagen(VW)'s new CEO Oliver Blume said he wants to keep the company's plant in Northwest China's Xinjiang region, AFP reported on Sunday. Blume further stressed that the company offers "secure, well-paid jobs" to the people of Xinjiang.

The US Commerce Department said on Wednesday it has suspended the "export privileges" of a Belgian company and its owner for 180 days due to its alleged attempt to "send sensitive technology to China," Reuters reported.

Doug Ducey, the governor of the US state of Arizona, arrived in China's Taiwan region on Tuesday for a "trade mission." Ducey is traveling with the head of the state's economic development agency, and the focus of their trip is to woo suppliers for the new $12 billion Taiwan Semiconductor Manufacturing Corp (TSMC) plant being built in the state, the Voice of America (VOA) reported.

The CEO of Taiwan Semiconductor Manufacturing Company (TSMC) reiterated at a technology symposium on Tuesday that its ultra-advanced 3-nanometer chip production technology will be put into mass production "soon," Nikkei Asia reported. The comment came about one month after Samsung Electronics said it has succeeded in mass producing 3-nanometer chips, making the South Korean giant the first chipmaker in the world to reach the milestone.

A South Korean delegation comprising officials from various government departments will leave for the US to pay a three-day visit, during which South Korea aims to express concerns over the US' so-called Inflation Reduction Act, a recently signed law that reportedly excludes electric vehicles (EVs) assembled outside North America from tax incentives, the Yonhap News Agency reported on Monday.

US Federal Reserve Chairman Jerome Powell delivered a stark message on Friday: The Fed will use its tools "forcefully" to deal with inflation that is still running near its highest level in more than 40 years, which means US interest rates will likely keep rising.

A survey by the American Chamber of Commerce in Taiwan showed that some 77 percent of respondents said there hasn't been significant disruption to their business operations amid the current situation in the Taiwan Straits. However, 17 percent said they had experienced disruption that partly stemmed from "changes in policies or other manifestations of concern from their offshore headquarters."

In a meeting with Taiwan regional leader Tsai Ing-wen on Tuesday, Keiji Furuya, a Liberal Democratic Party lawmaker of Japan, whose trip to the island has prompted stern warnings from Chinese central authorities, expressed hope for Taiwan High Speed Rail Corp (THSRC) to purchase high-speed rail cars from Japan, according to media reports.

UK media outlet the Sunday Times recently published an edited extract from a book written by British investigative journalist Richard Kerbaj, which revealed how the US essentially forced Britain to block Chinese tech giant Huawei from the latter's 5G network development.

A report issued on Sunday by the Korea Chamber of Commerce and Industry (KCCI) showed that the proportion of Chinese purchases of South Korean semiconductor products to the country's overall chip exports increased 12.4 times from 3.2 percent in 2000 to 39.7 percent in 2021, the Yonhap News Agency reported.

Philippine Transportation Secretary Jaime Bautista said the country is considering partnering with Japan to revive major railway projects, and the government held talks last week with officials from the Japan International Cooperation Agency, the South China Morning Post reported on Wednesday.

An online rumor about an impending Chinese ban on agricultural imports, particularly meat, from Australia and New Zealand due to concerns about foot and mouth disease posted by a Chinese social media account has sparked widespread concerns in Australia - a clear reflection of Australia's guilty conscience over its mistake in undermining China-Australia ties.

In a speech marking the 75th anniversary of India's independence from British rule, Indian Prime Minister Narendra Modi pledged on Monday to raise millions out of poverty and turn India into a developed nation within 25 years.

As India celebrated the 75th anniversary of its independence from British rule on Monday, the country's economic development has attracted much attention. As the world's sixth-largest economy, India is expected to grow by more than 7 percent this year, the fastest rate among major economies.

It is disturbing for global supply chains to see the US apply increasing administrative intervention in normal market competition when it comes to advanced technology areas such as semiconductors.

It is, of course, impossible for Pelosi to admit to the public that she has been affected by the sanctions. But given what the public knows about the "rich woman on Capitol Hill," China's sanctions will inevitably cause her pain.

Tokyo Electron, one of the world's major suppliers of chip making equipment, appears to be very concerned about US moves to broaden restrictions on high-tech exports to China, a crucial market for the Japanese chip gear maker, according to a recent Nikkei report.

As tensions escalated across the Taiwan Straits as a result of US House Speaker Nancy Pelosi's provocative visit to the island, Western public opinion has turned to whether the US-China tensions over the Taiwan question will lead to another global semiconductor crisis.

In pursuit of an economic way out of its current predicament, Japan is facing a crucial choice: whether to jump with both feet onto the US chariot and jointly oppose China, or to adopt a strategy that is in their own interests to minimize the risks for their economy.

Continuing going further down the wrong path of supporting "Taiwan secessionists," a Lithuanian delegation led by the nation's vice-minister of transport and communication is scheduled to begin a five-day visit to China's Taiwan on Sunday, several days after US House Speaker Nancy Pelosi landed on the island on July 2.

Shortly before she started what seems to be a "graduation trip" to Asia before stepping down as widely expected, US House Speaker Nancy Pelosi was embroiled in a scandal over her husband's purchase of chip stocks ahead of the passage of a chip subsidy bill at the US Congress, with some accusing her family of cashing in on her job and others mockingly calling her the "god of stocks of Capitol Hill."

With tensions escalating in the Taiwan Straits, the Chinese mainland authorities on Wednesday announced economic punishment on Taiwan secessionists, fueling speculation as to where the trade between the Chinese mainland and the island of Taiwan will be heading.

The UK's House of Commons' Foreign Affairs Committee is planning a visit to the island of Taiwan probably in November or early December this year, The Guardian reported on Monday.

Weeks before the Russia-Ukraine conflict started, Australia's former prime minister Scott Morrison suggested Australia could step in and help when it comes to supplying its huge reserves of liquefied natural gas (LNG) to its European allies. Awkwardly, some in Australia are now warning of a potential shortage in the country and urging to set aside gas for Australia's own electricity network before selling to the rest of the world.

Tony Danker, director-general of the Confederation of British Industry, said that thousands of British companies are cutting economic ties with China in anticipation of a further deterioration in relations between China and the West, the Financial Times reported on Saturday.

Samsung Electronics, the world's largest memory chip maker, said on Thursday that it expects mobile and PC chip demand would continue to weaken as macroeconomic uncertainties persist, according to Reuters. Earlier, US chipmaker Qualcomm Inc forecast lower-than-expected sales revenue for the current quarter as a slowdown in smartphone demand hit its mainstay handset chip business, Reuters reported.

US Federal Reserve Chairman Jerome Powell strongly pushed back against a report released Tuesday by US Senate Republicans that alleged China tried to infiltrate the Fed by recruiting or influencing its employees and economists in an effort to gather inside information on the US economy.

US President Joe Biden was set to meet virtually with the chairman of South Korean conglomerate SK Group on Tuesday "to discuss the company's investments in American manufacturing and jobs," Reuters reported, citing the White House.

The US will host a ministerial meeting on Tuesday, bringing together officials representing the 14 member countries that have joined the US-led Indo-Pacific Economic Framework for Prosperity (IPEF), as Washington seeks to expand its engagement with Asia, Reuters reported.

China and Pakistan have agreed to promote cooperation schemes involving third parties in line with existing consensus over the multi-billion dollar China-Pakistan Economic Corridor (CPEC), according to a statement the Chinese Ministry of Foreign Affairs released after a recent virtual meeting of the CPEC Joint Working Group on International Cooperation and Coordination.

British Business Secretary Kwasi Kwarteng said on Wednesday that he had barred the University of Manchester from licensing the intellectual property related to motion camera technology to a Chinese company, Beijing Infinite Vision Technology Co, on so-called national security grounds, Reuters reported.

The US collaboration with other nations on imposing export controls on Russia can be used as a template to counter China, the head of the US Commerce Department's Bureau of Industry and Security said, Bloomberg reported.

While an overly strong dollar is exacerbating the financial risks facing emerging markets, the greenback remains the world's most important currency for trade settlement and a safe-haven for investors seeking security amid the changeable markets.

China's big metropolises including Beijing and Shanghai are returning to a normal pace of life, which once again proves the efficacy of China's dynamic zero-COVID policy, but some foreign media outlets have an inertia and have continuously used China's zero-COVID strategy as a target for attack to hype the groundless China collapse theories.

The South Korean government is facing a strategic dilemma, several South Korean media outlets reported, as it finds increasingly hard to resist growing US pressure from compromising its semiconductor sector.

While the different expression of confidence between Chinese and US officials over the prospects of auditing cooperation talks could be seen by some as a negotiation tactic, it is more indicative of the US increasing pressure on China. But Chinese companies going public in the US is not a favor China asks the US to grant, and the same is true with bilateral audit cooperation.

The overall trade of goods between China and Australia reached $19.20 billion in June, up 2.34 percent month-on-month, but down 4.69 percent year-on-year, according to data released on Wednesday by China's General Administration of Customs. In the first half of 2022, bilateral trade shrank 3.1 percent year-on-year.

Several Western media outlets in recent weeks have published articles hyping a so-called debt trap and blaming China for casting "giant shadow over emerging nations' chase for debt relief."

Myanmar is installing Chinese-built cameras with facial recognition capabilities in more cities across the country, Reuters reported on Monday, citing anonymous sources.

China's June CPI rose 2.5 percent year-on-year, expanding from 2.1 percent in May, according to official data released by the National Bureau of Statistics (NBS) on Saturday. Among major economies, China is now nearly the only country keeping domestic prices basically stable. In this context, any slight increase in the CPI is likely to cause unnecessary concern and attract intense attention from overseas, which is understandable.

Since imposing an approval requirement for foreign investment from countries that share a land border with India in April 2020, the Indian government approved 80 proposals involving Chinese entities as of June 29, Indian media outlet The Economic Times reported on Wednesday. During this period, India received 382 investment proposals from Chinese entities.

Despite the growing risk of a recession in the US, Walmart continues to stand tall. With Walmart's Tuesday close at $124.25 per share, Wall Street analysts still remained bullish on the stock's prospects over the longer term. What is supporting the world's largest retailer's shares?

Turkey discovered a rare-earth reserve in the northwestern province of Eskisehir, which is estimated to contain about 694 million tons of rare-earth reserves, sufficient to cover the global demand for 1,000 years, Russian media Sputnik reported on Monday, citing Turkish media.

Vietnam's Minister of Planning and Investment Nguyen Chi Dung said on Monday that the country is aiming for economic growth of 7 percent this year, higher than an official target of 6.0 to 6.5 percent set previously, Reuters reported. To achieve the new target, the country needs to reach an economic growth of 9 percent in the third quarter and 6.3 percent in the fourth quarter.

The past month of June saw the EU for the first time in history import more liquefied natural gas (LNG) from the US than pipeline gas from Russia, according to the International Energy Agency (IEA), Bloomberg reported Friday.

US supply chains seem to be set for a new round of chaos as US Customs imposed a ban on imports of products related to Northwest China's Xinjiang Uygur Autonomous Region from June 21, based on the so-called Uyghur Forced Labor Prevention Act (UFLPA).

The so-called Group of Seven (G7) nations on Tuesday had "positive and productive discussions" with China and India about plans to implement a price cap on Russian oil exports, Reuters reported on Wednesday. The news came on the heels of G7 agreement on exploring imposing a price cap on Russian oil, apparently as part of the West's ever expanding sanctions against Russia.

At a time when the world economy is facing serious challenges from a confluence of factors, including the COVID-19 pandemic, the Russia-Ukraine conflict and Western sanctions, many developing countries have shown a growing interest in joining BRICS, whose rising global profile has been largely overlooked by the West but is gaining popularity in the vast developing world.

With the final deadline on a pair of Russia's overdue interest payments totaling about $100 million passed on Sunday night, Western media outlets declared that since bondholders had not yet received the payments, Russia is set for its first major foreign debt default in over a century.

US-listed Chinese electric vehicle (EV) companies have recently registered a relatively robust market performance thanks to the favorable policies and business performance within China's manufacturing sector. Shares of Chinese EV brand XPeng surged 25.28 percent over the past week alone, gaining more than 50 percent in June, while shares of Li Auto recorded a weekly gain of 23.05 percent as of the Friday close, soaring 62.7 percent so far this month.

US Trade Representative Katherine Tai said at a Senate hearing on Wednesday that US tariffs imposed by the former Trump administration on Chinese goods are "a significant piece of leverage" in the US-China trade relationship and "a trade negotiator never walks away from leverage," Reuters reported on Thursday.

At a White House press briefing on Tuesday, John Kirby, US National Security Council Coordinator for Strategic Communication, suggested that China's purchase of Russian oil is "another example of a growing collaboration between China and Russia with respect to Ukraine." However, when asked about India's purchase of Russian energy, he replied, "There are sovereign decisions," while stressing that India is a "very key strategic partner in the Indo-Pacific region."

A US legislation banning imports from Northwest China's Xinjiang Uygur Autonomous Region took effect on Tuesday. The ban takes a "rebuttable presumption" that all goods from Xinjiang were made using forced labor, and goods from Xinjiang can be imported to the US only if companies can prove that their supply chains are free of the involvement of forced labor. This is a serious escalation in the US' campaign to contain China that calls for serious countermeasures.

With the 14th BRICS Summit to be held on Thursday, a number of officials and experts have recently voiced their expectations for the BRICS mechanism to play a greater role in promoting fairness and security in the global financial and trade order.

For years, the West has been seeking out ways to respond to the growing influence of the Belt and Road Initiative (BRI), and the subject is expected to be raised again at the upcoming Group of Seven (G7) summit, which is scheduled to be held from June 26 to 28 in Germany.

A range of major economic data for May released on Wednesday are sufficient to show the Chinese economy is recovering from the worst COVID flare-ups in two years after measures aimed at curbing coronavirus' spread have eased up as the epidemic have been largely brought under control.

The global food shortage has become the focus of international community lately. At the WTO ministerial meeting this week, WTO director-general Ngozi Okonjo-Iweala urged governments to stop food export restrictions to help ease an impending food crisis. But the question remains: Who is to blame for the food shortage? The creators of the crisis should rightly take the main responsibility for solving it.

Given Australia's current economic doldrums, it may be understandable the new prime minister's eagerness to remove obstacles to economic and trade ties with China, but that doesn't mean Australia can put the cart before the horse.

While the Chinese economy is facing difficulties and challenges due to recent COVID-19 outbreaks and a complicated international environment, it hasn't hindered its efforts to pursue high-quality development. Regrettably, some Western media outlets have been busy hyping up China's economic fall, while turning a blind eye to the profound transformation of the world's second-largest economy, which explains why they always misjudge China.

Food security and vaccine equity will be on the top of the agenda for trade ministers from World Trade Organization (WTO) members as they gather in Geneva for the 12th Ministerial Conference (MC12), which begins Sunday. Whether WTO members can reach consensus at the meeting could signal whether the spirit of rational multilateral cooperation in the international economic and trade arena can return, even though US-based trade hegemony has no shortage of supporters in the West.

China's major commodities imports were generally characterized by declined volume and a sharp price increases in the first five months of this year, according to the latest data released by the General Administration of Customs on Thursday.

India's central bank on Wednesday raised its key interest rate by 50 basis points to 4.90 percent, the second hike in over a month. The move came just one day after Australia's central bank on Tuesday increased interest rates by the most in 22 years.

The Biden administration on Monday announced a two-year tariff exemption for solar panels from four Southeast Asian nations, a development that came after industrial complaints that the high cost of solar panels have caused a freezing of solar projects in the US.

Any attempt to push Latin America in the direction of a new Cold War is doomed to fail. This is because China and Latin America countries have greatly deepened their economic and trade cooperation over the years, which cannot be reversed by a summit or other political means.

China's stock markets have more certainty in terms of growth potential. It is undeniable that the recent flare-ups have caused some shocks to economic activities, but it did not hurt the fundamentals of the Chinese economy.

As Chinese State Councilor and Foreign Minister Wang Yi continues a remarkable eight-country tour throughout the South Pacific, Western officials and media outlets have spared no efforts in coming up with different narratives to smear and disrupt what should be normal official exchanges between sovereign states. The latest line of attack apparently accepted by almost all major Western media outlets is that the trip has failed to achieve its goals.

EU leaders on Monday agreed "in principle" to embargo 90 percent of Russian oil imports to the bloc by the end of this year, Reuters reported. While the move is sufficient to demonstrate the EU's resolve to wean itself off energy supplies from Russia, the market may be more concerned about how high the embargo will push oil prices and what are the potential consequences to the world economic order.

As two Chinese megacities - Beijing and Shanghai - are emerging from the shadow of China's worst COVID-19 outbreak since 2020 and bringing normalcy to social and economic activities, it is repellent to see some US media outlets continue to play up the risks of the dynamic zero-COVID strategy to global supply chains.

Sri Lankan Prime Minister Ranil Wickremesinghe said China had offered “a few hundred million dollars” in financial support to the debt-ridden country to help alleviate its shortage of essential consumer items, the Financial Times reported on Friday.

China's State Council, the cabinet, on Wednesday held an unprecedented national video teleconference on stabilizing the economy, which was reportedly attended by over 100,000 officials of various levels. The meeting, coming at a time when the Chinese economy is facing significant downward pressure, sent an unmistakable signal that keeping the economy from falling out of a reasonable growth range has become a top priority for the government.

In fact, Australia's hostility toward China has always been in the shadow of the US' geopolitical games. For a long time, the US has shown a strong willingness to politicize trade activities, which inevitably affected Australia, contributing to the latter's trade difficulties with China.

US President Joe Biden announced on Monday that its Indo-Pacific Economic Framework (IPEF) will start with 12 founding members – Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.

If the West's sanctions and other moves eventually lead to mass hunger, the West will become the biggest violator of human rights and history will hold them accountable. With developing countries rejecting to be tied to the Western chariot, a new wave of anti-Western sentiment could be expected around the world.

Given Vietnam's robust economic performance in recent days, some Western public opinion claimed that as China's global supply chain status is facing shocks by the epidemic situation, Southeast Asian countries, represented by Vietnam, will play catch-up or even replace it.

US President Joe Biden is scheduled to visit South Korea and Japan from May 20 to 24. One focus of his first trip to Asia since he took office is to push for the so-called Indo-Pacific Economic Framework (IPEF), which is expected to be formally launched during his visit to Japan.

It is hard for South Korea to say no to the US' so-called semiconductor cooperation plan because it doesn't want to end up being marginalized within the US' industrial alliances. But that doesn't mean South Korea could ignore the risks of its semiconductor supply chains being hijacked by the US' geopolitical games.

Once the CBPR mechanism becomes a global standard for cross-border data flow and data privacy protection, it can be expected that some developing countries will undoubtedly face serious challenges and even potential safety hazards in terms of digital trade.

With the US kicking off a drastic tightening cycle by raising its benchmark interest rate, Southeast Asian countries appear to have again faced a new wave of economic turbulence that is sweeping through their economies, stock markets and currencies.

The Ukraine crisis and particularly the West's sweeping economic sanctions imposed on Russia, are producing cascading negative effects across the global economy. The West just wants to shift the blame to the developing economies, including India.

As China strives to find the most effective way to save the most lives at the least cost, it's hard to assess the cost at the moment, but what is certain is that we will have to pay more, if China chooses to "lie flat" against the virus as many countries have done.

US President Joe Biden said on Tuesday that he was considering eliminating some of the tariffs imposed on Chinese imports, in a bid to help tame decades-high inflation in the US.

Yoon Suk-yeol was sworn as South Korea's new president on Tuesday. Since observers generally expect Yoon to face a difficult balancing act between China and the US, how the transition of power in South Korea will affect China-South Korea relations has become the focus of attention in the Asia-Pacific region.

Chinese official data showed on Monday that China's imports from India plummeted in April, due in part to China's efforts to curb its worst COVID-19 outbreak since 2020 that dampened domestic demand. But, there is more to be concerned about other than the COVID-19 epidemic when it comes to China-India trade.

Chinese smartphone maker Xiaomi Corp has come under intense regulatory pressure in the Indian market, which may raise concerns over Chinese companies' development in India.

The US Securities and Exchange Commission (SEC) on Wednesday added more US-listed Chinese companies, including JD.com, Pinduoduo Inc and Bilibili Inc, to its list of entities that face possible expulsion from American exchanges under The Holding Foreign Companies Accountable Act.

The US Trade Representative's office said on Tuesday that it had begun a statutory process regarding a review of US tariffs on more than $300 billion worth of Chinese products ahead of their expiration in July. If any US business benefiting from those tariffs requests for a continuation of the tariff policy by July 6, the office will keep the tariffs in place while conducting a review on whether to continue the tariff policy or not.