The growth of these larger Asian nations is increasingly creating a domino-effect on the nations around them.
Italy’s historic decision to become the first Group of Seven (G7) country to sign a Memorandum of Understanding (MOU) with China over the Belt and Road Initiative (BRI) made headlines across the world, as the European country signalled its support for Beijing’s international infrastructure project.
Trade in goods between the two has risen to record-levels of over €1.5 billion a day, as of 2017, and China is now the EU’s second largest trading partner and the EU, China’s largest.
The New York Times on Monday claimed China was making a “sweeping rewrite” of its laws in a hope to “pacify the United States and ease a rancourse trade dispute”. The new law does address some of the claims made by the U.S., but is China really passing a law to appease them?
In today’s globalized world, trade peace is a win-win condition that every country wants to have. The U.S.-instigated escalation of trade frictions makes world feel the chill of approaching “trade wars”.
In the new era, U.S. political leaders, think tanks, scholars and media are aggressively reacting to China becoming the largest economy.
While an early trade agreement is widely anticipated, Asia should seek far more fundamental pathways to secure its long- term growth.
How should we view the continuous improvement and development of Sino-Japanese relations? How should we understand the two countries’ positive roles in the current international landscape?
Bullying cannot lead to cooperation, and hegemony cannot bring about development.
In the next few years, it is almost unlikely to expect more meaningful results in dialogue and negotiations between the US and the DPRK, and we can’t expect South Korea-DPRK reconciliation and cooperation to maintain the current momentum.
China will continue to innovate and improve its macro-control policies to offset external uncertainties and strive to keep economic growth within a reasonable range, Premier […]