Astana consensus” on “not allowing differences to become disputes”, their “strategic guidanc
e” to their armed forces have ensured peace on their borders. This has prompted bilateral tra
de to finally cross its decade-long volume of $70-75 billion. For this year, China-India trade is set to cross $100 billion.
Likewise, China’s investments in India have witnessed a sharp upsur
ge from $688 million in 2016 to $5.6 billion last year. The United States’ decision to raise tariffs
on Chinese, as well as Indian, products is expected n Sino-Indian trade and invest
ment partnership. Critics may describe this as China’s tactical move triggered by its intensifying trade dispute w
ith the US. Yet there is no denying that the past two years have seen a marked shift in China-India relations.
recent and future tariffs will cut about 0.3 percent of global GDP in the short ter
m, with half stemming from negative effects on business and market confidence.
Failure to resolve the trade differences and further escalation in other areas, such as the auto
industry, which would cover several countries, “could further dent business and financial market se
ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.
Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.
Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have
already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.
eds to introduce and use more foreign capital, which will further enlarge
the trade deficit. Therefore, the US cannot simultaneously maintain a high growth r
ate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regu
lation of the economy, the US administration has been trying to impose regulations on int
ernational trade, even for its trade partners’ domestic economic management.
Results for US may be unsatisfactory
The US administration’s more often than not conflicting goals have
resulted in the trade conflicts with China and other countries. For instance, China’s exports to t
he US grew 11.3 percent and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.
uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti
me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.
Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre
paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”
The company became the world’s third-largest buyer of semiconductors last year.
China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n
ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.
inesses and consumers will pay the cost amid hefty levies, which will eventually add significant pressure on the US economy.
The US government’s moves risk sparking a full-blown trade
war with China, and China is fully prepared for any possibility, Wei said.
Economists at Goldman Sachs said in a research note that recent data showed the costs of Washington’s tariffs on China last year
had fallen “entirely” on US businesses and households, with no clear reduction in prices charged by Chinese exporters.
The bank said that US consumer prices are higher, partly because Chinese exporters have not low
ered their prices to better compete in the US market. In addition, some US producers “op
portunistically” increased prices in response to protection from Chinese competitors, it said.
velopment of the region could play a vital part in leading regional growth, the statement said.
It noted that the elevation of the integrated development of the Yangtze River Delta t
o the status of a national strategy is a major decision adopted by the CPC Central Committee.
Authorities in the four provincial areas must enhance their awareness
of integrated development and boost their interaction and cooperation, it added.
The meeting also decided to start a thematic education campaign of Party member
s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.
It called for struggles against all problems that affect the Party’s purity and ad
vanced nature, and for efforts to make the Party even stronger, the statement said.
international cooperation to jointly tackle these natural disaster risks, protect ecological security and achieve sustainable development,” Bai said.
The academy will continue to collaborate with foreign partners to create new platform
s and mechanisms to improve disaster management and ecological protection, he added.
Mami Mizutori, head of the UN Office for Disaster Risk Reduction, said in a video speech that th
e scale and reach of the world’s largest infrastructure initiative will impact billions of people and reshape the ph
ysical world, and countries should be mindful of these projects’ impact on the environment and inhabitants.
“It is encouraging that the government of China is taking proactive measures to ensu
re that the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.
ues, including existing ski resorts and some newly built projects, to host all eight Olympic snow
sports in 2022. The three clusters will be connected by a new high-speed railway, which will be com
pleted by the end of this year. It looks beyond the Games to boost future winter sports tourism.
According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the first t
est event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.
About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hec
tare forest reserve has been built nearby for transplantation of all the trees affected by the construction.
“The preparations are ready to step up to the next stage, from planning to the readiness
phase. Beijing is ahead in the race against time,” said Liu Yumin, director of the planning, construction and
sustainable development department of the 2022 Olympic Organizing Committee.
nitoring and evaluation of Arctic climate and environmental changes, develop platforms for po
lar scientific research, and promote the sharing of Arctic observation data and international work pr
ojects, Wang said during the Arctic Circle China Forum in Shanghai on Friday.
“We look forward to working with other countries to smooth the economic channel that conn
ects the European and American continents through the Arctic Ocean and jointly create a ‘Polar Silk Roa
d’ to facilitate connectivity and sustainable economic and social development of the Arctic,” he said.
Wang said that Arctic affairs, especially those regarding climate c
hange, environmental protection, scientific research and the use of waterways, are closel
y related to the well-being of people living in the polar region and the survival and development of all humankind.
China will speed up building an integrated platform for e-government servi