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East Asia
China, UN sign MOU on global food security amid uncertainties
China on June 20 signed a memorandum of understanding (MOU) with the UN World Food Program (WFP) in Zhengzhou, Central China’s Henan Province, a major move to recognize China’s contribution to global food security and show the country’s willingness to share its agricultural experience with more developing countries amid an…
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East Asia
China, Africa boost relations
Cooperation with China is “beneficial” and yields visible results that empower African countries to realize sustainable growth, amid the challenges of unilateralism and protectionism, senior officials said on Tuesday, June 25. The remarks were made by Chinese and African ministers gathered in Beijing for the Coordinators’ Meeting on the Implementation…
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East Asia
G20 sticks to its original aspiration
World economy is picking up, but still faces weak growth momentum, increasing hindrances, and even the risk of derailment. Meanwhile, unilateralism, trade protectionism and hegemonic practices are sweeping the world, attacking the global economic order and reducing confidence in international trade and investment. Worried about the current global economic situation,…
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East Asia
China-Russia economic, trade index reflects stronger bilateral relationship
The first China-Russia (Harbin) economic and trade index was released on June 16 in Harbin, capital of Northeast China’s Heilongjiang Province, according to the Xinhua News Agency. The index is composed of both the national trade index and the regional trade index, including China’s trade with Russia, exports and imports…
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East Asia
Interconnection generates synergies for world economy
How to further build an interconnected world economy has become a common task facing the international community when unilateralism and protectionism are seriously impacting the international economic order and markedly adding risks and uncertainties to the world economy. The G20 is a premium forum for international economic cooperation. It represents…
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East Asia
Only mutual trust, mutual benefit lead to win-win results
Recently, some US politicians have acted irresponsibly and unjustly when dealing with international cooperation, especially major country relations. They constantly released signals of confrontation, with a wishful thinking that Uncle Sam might steal a win from the zero-sum game. Chief economics commentator Martin Wolf of Financial Times has well described…
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East Asia
Innovation opens up new possibilities for global economic growth
The world economy is currently confronted with slackening growth and rapidly mounting risks. Unilateralism and protectionism, placing severe impacts on the international order and the multilateral trading system, have become the largest risks that threaten global economic stability. “Innovation holds the key to fundamentally unleashing the growth potential.” Chinese President…
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East Asia
G20 Osaka summit could be game changer if China, Japan explore BRI possibilities
It seems the days when Japanese brands were hotly favored in the Chinese market are gone. However, tangible signs still exist of strong trade and investment ties between the two East Asian economies. Beliefs are also firmly held that wide-ranging China-Japan cooperation, especially the bonds between the two nations concerning…
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East Asia
Op-ed: BRI “eroding national sovereignty” is false argument
Recently, some western politicians, think tanks and media outlets claimed that China’s Belt and Road Initiative (BRI) jeopardizes national sovereignty of the participating countries. They argued that Belt and Road countries might lose control over projects under China’s “debt trap”, and Beijing has obtained control over select infrastructure projects through…
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East Asia
Open cooperation, joint development remain a thoroughfare
The World Bank’s global growth forecast for 2019 stood at 2.6 percent, the lowest in the recent three years, while the global trade growth this year was also revised down to 2.6 percent, the weakest since the global financial crisis 11 years ago. The trade friction unilaterally provoked by the…
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