Under the banner of “America First,” U.S. President Donald Trump has launched a trade war against his country’s main trading partners, with China the major target.
Chinese Premier Li Keqiang visited Europe on July 5-11, where he attended the 7th leaders’ meeting of China and the Central and Eastern European countries (CEEC), in Sofia.
This year, the U.S. has persistently exerted trade friction on China, which eventually triggered the first shots of a total trade war. Additionally, the U.S. has targeted the Made in China 2025 strategy.
At the beginning of this month, Fanjing Mountain in Guizhou was added to the UNESCO World Natural Heritage list.
Maintaining the framework of the World Trade Organization (WTO) is a key issue for the prosperity of every country – including China. In developing countries well over a billion people have been lifted out of poverty by economic growth underpinned by globalization, while international trade strongly supports the living standard of advanced countries.
Forty years ago, on December 18, 1978, a brand-new China was born with late Chinese leader Deng Xiaoping’s winning vision of “reform and opening-up.” Like the “Long March,” it was a battle to make China modern and prosperous under the Communist Party of China (CPC).
A China-U.S. trade war looks imminent after the U.S. administration announced on June 15 plans to impose additional tariffs of 25 percent on $50 billion of Chinese goods, with the Chinese Government responding with reciprocal tariffs.
As one of the major persistent global issues, poverty is a common challenge for humanity. China, once home to the world’s largest poverty-stricken population, was one of the first countries in the world to introduce state assistance measures.
Even as Americans launched Chinese-made fireworks in celebration of the Fourth of July, the future of the tradition fell under threat by executive trade war policies. Who will be the brake within the American system?
Under the circumstances of Sino-U.S. trade frictions and Pro-Brexit, China and the UK might become convenient bedfellows – centered around the Belt and Road Initiative and free trade.
Malaysia’s market previously was abuzz with talk that the project would be ditched by the newly elected Pakatan Harapan government as the cost was deemed too high and not viable.
China’s entry into the international trading system, culminating in 2001 in its accession to the World Trade Organization, was neither quick nor easy.