It involves the world’s two biggest economies and the trade volume involved also represents a record in decades.
The USTR published on Friday a list of Chinese goods subject to additional Tariffs. The “punitive tariffs” on about $50 billion of Chinese products will burden the world’s two largest economies, China and US.
Backed with American superpower, the Trump Administration went against its words and continued its unfair and unjust trade actions. Unfortunately, it’s reckless actions will only burden the economy of the two countries and hurt the global economy.
The 2018 FIFA World Cup kicked off yesterday in Moscow, starting a month-long football competition rivalled by no other. For Chinese fans, this is a bitter-sweet moment.
The historic Kim-Trump summit in Singapore on Tuesday has attracted worldwide attention. But the top-down start would really need multi-party support if the commitments of the communiqué are to be realized.
Chinese President Xi Jinping presided over most talks and delivered a number of key speeches during the 18th SCO Summit in Qingdao.
Chinese President Xi Jinping chaired the meeting and delivered a speech titled “Carrying Forward the Shanghai Spirit to Build a Community of Shared Future”.
Although China and India are both members of the SCO, the year 2017 saw a deterioration in the relationship between the two countries after years of stability.
Even with all the geopolitical complexity, SCO member countries have assumed their responsibilities in seeking integrated solutions to common problems.
The main task facing Russia in the near future is to attract as much Chinese investment as possible, with preferential terms.
Aiming to forge a “community with a shared future for humanity,” the SCO is intended to be a regional community of common security, economic collaboration and social cooperation.
The upcoming 18th SCO summit will witness the gathering of leaders of SCO member states and observer states, as well as heads of international organizations in Qingdao, a coastal city in East China’s Shandong province.