In early 2016, China announced to cut the total production of steel by about 150 million tons. For some time now, the US and the European Union have complained about the cheap and subsidized steel imports from China. The government announced to lay-off about 1.8 million workers in the relevant coal and steel sectors – which is expected to reduce overcapacity.
With US President Donald Trump having been in the White House for nearly a month, the economic relations between China and the US are also witnessing emergence of new trends gradually.
In the interview with the Sino-US.com, Zhu Feng, executive director of the Collaborative Innovation Center of South China Sea Studies at Nanjing University, pointed out that the closer alliance of US and Japan takes aim at China.
What would be considered as the defining moment of Oscar’s young career? Maybe it were the two goals he scored against Juventus Turin in his first Champions League match or his goal during the record-breaking trashing of his Brazil team in the 2014 Football World Cup at home in Belo Horizonte. No matter what – he will also be remembered as one of the most expansive and spectacular transfers undertaken by a Chinese football club.
I attended the inauguration of Donald Trump as the 45th President of the United States in Washington. In my perspective, the speech by Trump stressed divide and for the American society, the message could hardly narrow rifts that have already widened.
Although Donald Trump’s inauguration speech will resonate with his Midwest nationalist supporters and poses challenges to America’s political elites, America’s mature political system will force Trump to compromise with the reality, an expert said.
Donald Trump is unlikely to abandon the constructive policies advocated by Barack Obama when it comes to building trade ties with China. The Trump administration will be met with trouble if it continues to be hostile to China, which has many tools to fight back in a trade war.
While the global economy is slowing down and many experts are worrying about the rise of trade protectionism, Pascal Lamy, French political consultant and former Director-General of the World Trade Organization (WTO), believes that trade protectionism will not increase in the future. Making the remarks recently in Beijing, Lamy also thinks that even if Trump may have some radical policies to protect trade, there would not be too much room for him to do so. Although a lot of people ar…
Among many policies that Trump talked about during the election campaign, tax reform, trade protection and increasing infrastructure investment are the three that are certain. But such policies may also trigger a financial deficit which can further lead to current account deficit.
This year has witnessed a number of events which have raised questions about the future course of globalization, with Britain’s vote to leave the EU and the election as the US president of Donald Trump being the most prominent ones. All these have prompted discussions about a new trend of anti-globalization. Has something gone wrong with globalization?
The trend of anti-globalization has been escalating given a series of events in 2016 including Britain’s exit from the Europe Union, opposition by both candidates in US presidential election to the Trans-Pacific Partnership (TPP), a demonstration by 100,000 people in Germany against the Transatlantic Trade and Investment Partnership (TTIP), as well as the rise of populism in France and Italy.
On November 29, Trump’s transition team told the media that Elaine Chao would be nominated by the president-elect as the secretary of transportation. The news struck me as no surprise when I learned it from CNN. The choice makes sense and could “kill two birds with one stone”. By inducting Elaine Chao into the cabinet, Trump can appease the Senate, Chinese American community and even China.
As many regard Trump’s victory in the 2016 presidential campaign as an “earthquake” for the US political history, such a result was actually historically inevitable.
Former US Secretary of State Henry Kissinger was meeting President Xi Jinping during a China tour on December 2, when President-elect Donald Trump had a 12-minute "courtesy" phone call with Taiwan's leader Tsai Ing-wen.
Japan’s Defense Minister, Tomomi Inada, recently remarked that safeguarding the South China Sea is linked with safeguarding the East China Sea, and that Japan should push its so-called ‘rule of law’ worldwide. When Inada first visited the US this September, she claimed that Japan will step up its activities in the contested South China Sea through joint training patrols with the US and bilateral and multilateral exercises with regional navies.
While global governance involves competing international institutions and norms, the making of such institutions and norms has been controlled by big powers of the world throughout history. The current global governance institutions centered on the United Nations were gradually improved and formed under the leadership of the US in the decades after World War II.
Qiu Zhaolin, a researcher with the Institute of European and American studies, the Academia Sinica, argued that Taiwan should prove its value to the United States. She highlighted the view of US Secretary of State Kissinger during his China visit in 1969, that it would be a big mistake to give the “crown jewel” to the Chinese mainland. She emphasized that when the question of if Taiwan should be given up creates heated debate, Taiwan must do something about it.
Taiwan must do more to deepen its ties with the US amid concerns over a possible negligence by Donald Trump-led America and diminishing importance of the island in the US foreign policy.
Donald Trump’s win has taken many observers by surprise. Yin Xiaohuang, a lifetime professor with the Occidental College, said Trump voters’ coveting for change, declining influence of traditional media and decisive role played by the silent majority in opinion polls all contributed to Trump’s success. And election result is a double-edged sword for China. Here are his perspectives.
While Taiwan’s support of Hillary Clinton under the current president Tsai Ing-wen has prompted discussions whether the Tsai administration bet on the wrong party, Cheng Jianren, a former official of Taiwan’s foreign affairs department, thinks that Taiwan leaders would not bet on any party as the foreign policy establishment often tends to keep in touch with both parties.