CHINA

With duplicity, the Philippines hot-headedly positions itself as the US’ cannon fodder

What does the Philippines want – a stable and conducive environment for its peaceful development, or to be trapped in the unpredictable game of geopolitics? Recently, the country’s actions and words have been filled with duplicity and complexity, but the trend is discernible – the Philippines is hot-headedly positioning itself as a vanguard, bridgehead, and even cannon fodder for the …

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India can’t remove hat of ‘graveyard for foreign investment’ by words

After the recent arrest of Vivo employees in India triggered a market shock, Indian officials made intriguing statements during the annual World Economic Forum meeting in Davos. Rajesh Kumar Singh, secretary at the Department for Promotion of Industry and Internal Trade, told Reuters in an interview that India could “ease its heightened scrutiny of Chinese investments” if the two countries’ …

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Xi urges high-level sci-tech self-reliance to serve high-quality development

Chinese President Xi Jinping has urged high-level sci-tech self-reliance to serve high-quality development in instructions delivered during the ceremony of the National Engineer Awards. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, congratulated all those who won the National Engineer Awards on Friday. Xi underscored the significant role …

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China, US step up economic exchanges at beginning of 2024, stabilizing expectations for businesses, world

China-US exchanges in financial and economic fields got off to a good start in the new year, with the world’s two largest economies signaling a deepening of engagement in various fields from financial stability to trade policies in the first month of 2024. The interactions are what the Chinese and US societies as well as the international community are hoping …

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US, UK militaries owe $111bln in climate compensation, continue expanding toxic footprint worldwide: study shows

Elephant in the room “It is idiotic to waste our dwindling carbon budget on war,” researchers from the US and the UK warned in a recent report revealing that the US and the UK militaries owe huge sums in climate compensation as they continue to involve themselves in wars and conflicts globally. Such conflicts are accompanied by widening carbon footprints …

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China, Ireland step up cooperation during Li’s visit

Chinese Premier Li Qiang met separately with Irish President Michael D. Higgins and Irish Prime Minister Leo Varadkar on Wednesday in Dublin, where the two countries pledged to strengthen bilateral cooperation in a wide range of areas, including trade, investment, climate change and people-to-people exchanges. Notably, China waived visa requirements for Irish nationals traveling to the country. The Chinese premier …

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China’s 5.2% growth encouragement for global economic recovery

China’s National Bureau of Statistics on Wednesday released a series of key data on China’s economy for the year 2023. Among them, the most attention-grabbing is the year-on-year GDP growth of 5.2 percent, which is higher than the expected target set at the beginning of last year. Once again, the actual trajectory of China’s economy stands out from some external …

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US reproach of Nauru’s decision futile, can’t change cross-Straits power dynamics

After the Democratic Progressive Party (DPP) authorities of the Taiwan region were hard slapped in their faces by the decision of the Pacific island nation of Nauru to sever “diplomatic” ties with the Taiwan authorities and seek to reestablish diplomatic relations with China, the US has expressed disappointment with Nauru’s move. Taiwan’s so-called diplomatic relations are nothing but soap bubbles …

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China’s manufacturing strength supports optimism of its firms

Despite the uncertainties caused by climate change, geopolitical conflicts and supply chain restructuring that hit the world economy in 2023, the complex and volatile political and economic situation hasn’t shaken the bullishness of Chinese companies, largely due to the growth potential of Chinese manufacturing. Chinese companies are more optimistic about the world economic situation and outlook in 2024 compared with …

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Li urges global cooperation, vows continued opening-up at WEF

Chinese Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, including strengthening macroeconomic policy coordination and international industrial specialization and cooperation, warning that lack of trust and fragmentation will risk global economic growth and peaceful development. In a special address at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Li said …

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