China and PNG have strengthened their cooperative stance and pushed forward the process of cooperation by signing the Memorandum of Understanding under the Belt and Road Initiative in June this year.
Instead, in their place were tech wizards, demonstrating their state-of-the-art products, surrounded by holograms, Virtual Reality (VR) headsets and giant 3-D screens, all congregated under the British pavilion titled ‘Innovation is GREAT’.
The import expo, which has attracted companies from all over the world, will drive the development of the local economy while also providing an opportunity for Shanghai and its surrounding areas to improve the performance of its service industry and promote the development of new technologies.
On September 14, at the Malta Day activities commemorating the 54th anniversary of independence of the Republic of Malta, held in Beijing, Minister Abela accepted an exclusive interview with China Today, about the upcoming first China International Import Expo, sharing his views on the prospects of China-Malta cooperation.
On October 22-28, 2018, more than 1,200 China and Association of Southeast Asian Nations (ASEAN) military personnel held joint maritime exercises in Zhanjiang, Guangdong, China — the headquarters of China’s South China Sea Fleet. These exercises marked the first time that ASEAN has conducted a joint military drill with a single country and also the first time that China has held maritime exercises with ASEAN. Δ?Observers of participating countries and participating officers attend the opening ceremony of the China-ASEAN “Maritime Exercises 2018” which was held in Zhanjiang’s military harbor on the morning of October 22. China and ASEAN decided to establish a strategic partnership heading for peace and prosperity as early as 15 years ago, and they have made practical progress. China has been ASEAN’s largest trading partner for nine consecutive years, and was the first to establish a free trade area with ASEAN. However, the China-ASEAN relationship in areas of military and security is not as good as the relationship that exists in trade and economy. More Frequent Military Communication As early as in 2015, China officially proposed joint military drills with the 10 members of ASEAN, but ASEAN responded ambiguously at first. With improvements in China-Philippines relations and the alleviation of the South China Sea issue, in particular in regards to the substantial progress of the Code of […]
On October 20, 2018，Trump also stated that the United States will withdraw from the US-Soviet Treaty on the elimination of intermediate-range and shorter-range missiles signed with the Soviet Union 30 years ago.
As China-proposed Belt and Road Initiative (BRI) extended its footprint, launching investment projects along both the ancient Silk Road as well as across the entirety of Eurasia and Africa, Washington saw an urgent need to counter China’s projection of influence. The BUILD Act is America’s belated response to BRI.
The US, long the world’s largest destination of FDI inflows, lost the top position for the first time in decades. Its ranking slid to third, with total FDI inflows of $46.5 billion, less than China ($70.2 billion) and the UK ($65.5 billion).
China does not need and will not seek a release of pressure on commodity exports by guiding the RMB to unilaterally depreciate sharply. In fact, this is also unfavorable to China in its efforts to attract foreign investment and enhance its import capacity.
“After its completion, it will take only two hours from Colombo, the capital, to Hambantota, compared to the present journey of four hours or more.”
It is easy to take sides politically or ideologically, but politicization of trade issues is itself a poison pill that no one will be able to escape. The poison pill as embedded in USMCA is after all poisonous, not only for China, but also the world at large.
The massive surplus and inadequacy during the process of international capital and production capacity transfer led to both the Great Depression in the 1930s and the recent Great Recession.
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