• East Asia

    POSCO named ‘lighthouse factory’ by World Economic Forum

    South Korea’s top steelmaker POSCO said Wednesday it has been named a “lighthouse factory,” by the World Economic Forum (WEF) for its efforts to drive innovation of the manufacturing sector. The WEF, an international organization for public-private cooperation, selects lighthouse factories twice a year that are considered front runners in…

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  • East Asia

    China’s Xinjiang provides focused assistance to areas of extreme poverty

    Thanks to the unremitting efforts of China’s Xinjiang Uygur Autonomous Region, Turghun Rose , a man from a registered poor family in Awati township of Kashgar, Xinjiang, is now securing a stable income working as a forest ranger in the village and running agritainment business under the assistance from local…

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  • East Asia

    G20 upholds spirit of partnership, copes with common challenges

    Chinese President Xi Jinping arrived in Osaka, Japan on June 27 for the 14th Group of 20 (G20) summit. It marks the seventh consecutive time for the Chinese President to attend or chair the G20 summit, reflecting the high importance China attaches to G20 cooperation and global economic governance. The…

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  • East Asia

    Inclusiveness consolidates foundation for world economic growth

    Development imbalance is the greatest imbalance confronting today’s world. Chinese President Xi Jinping noted at the G20 Hangzhou Summit that the world economic recovery remains weak, weighed down by insufficient drivers of growth and negative impact of regional and international hot-spots and global challenges.   That’s why the summit actively…

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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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