The Donald Trump administration’s strategy of “America first” is considered by many as “America only”. They believe Trump has diverted his predecessor Barack Obama’s diplomacy to another direction.This diversion can be observed from the country’s recent diplomatic moves from withdrawals of multiple “international groups” to the relocation of the US embassy in Israel. However, the ongoing diplomatic strategies and logic of the US government are still a continuation of the former administration’s policies. The difference is that the current policies have shaken off the banner of the so-call...
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2018
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International trade order is at risk due to multiple factors intertwined together, which will bring more uncertainties to global economy.On one hand, the international trade order is now directed by three major voices. France and Germany are devoted to promoting traditional rule-based free trade, which can be seen from the World Economic Forum held in Davos, Switzerland at the beginning of this year; US President Donald Trump advocates reciprocal openness-based fair trade order; and China puts great energy on advancing one that is open and inclusive. On the other hand, major developed cou...
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2018
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China and the US are trying to restart talks to avert a full-blown trade war, Bloomberg reported Tuesday. It quoted a source familiar with the matter as saying that representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private meetings. Another Western media source reported that US President Donald Trump is considering raising the tariffs from 10 percent to 25 percent on $200 billion of Chinese goods. It seems that Trump is trying to force China to make its biggest concession by both carrot and stick.
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2018
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China's Ministry of Finance announced Thursday it would channel 72.1 billion yuan (10.6 billion U.S. dollars) from the central budget to subsidize ecological functional zones this year.The funds were up by 15 percent from 2017, according to the ministry.The zones are defined as areas that play a central role in water and soil conservation, wind shielding, as well as the protection of biological diversity.The increased spending came as pollution control has been listed as one of China's "three tough battles" for the next three years, targeting a significant reduction in the em...
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2018
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China's Ministry of Commerce on Thursday said the country supported the reform of the World Trade Organization (WTO)."China is supportive of WTO reform, and hopes the reform will address the concerns of most members and reflect their needs," Ministry of Commerce spokesperson Gao Feng said at a press conference, commenting on the trade deal made between the United States and the European Union (EU), which included agreement on WTO reform.
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2018
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