China had been applauded by the World Health Organization for its success in beating COVID-19 when China ended the largest cordon sanitaire in Wuhan in the history of humanity. We published our manuscript titled “The end of cordon sanitaire in Wuhan: a wake-up call for the world” in 2020 in the official journal of the […]
The League of Social Democrats displayed a banner on the election day for the chief executive at the Hong Kong Convention and Exhibition Centre. They wanted to protest against the delay in implementing universal suffrage to elect the chief executive and to demand “double universal suffrage”. The banner read: “Human rights are higher than the […]
Raising a small sum of money directly from a large group of individuals, crowdfunding has reshaped the intermediary-based fundraising architecture around the world. We can simply divide crowdfunding into two main types; namely, financial-return and nonfinancial-return crowdfunding. While equity and debt-based crowdfundings are classified as financial-return crowdfundings with significant financial risks, donation-based crowdfunding is a […]
Photo taken on April 19, 2022 shows the IMF Headquarters in Washington, DC, the United States. (PHOTO / XINHUA) After the 2008 global financial crisis, the world seemed ready to undertake meaningful reform of the international monetary system. But the promised structural changes never happened. And the recent spring meetings of the International Monetary Fund […]
(MA XUEJING / CHINA DAILY) Since the international monetary system is dominated by the dollar, the US Federal Reserve's rate hike is bound to have a spillover effect on other economies and constrain the maneuvering space for their monetary policy to varying degrees. Yet the impact of the Fed's rate hike has been declining on […]
Editor's note: The US Federal Reserve's interest rate hikes have negative spillover effects on the global economy, with its monetary policy decisions having a significant impact on the global stock market. But the US, given the dollar's dominance of the international monetary system, cares least about the global economy. Four experts share their views on […]
It is natural that the World Health Organization should deny Taiwan's participation in its assembly this year since the ruling Democratic Progressive Party has been attempting to use it for its pro-independence push. There is no question as to how Taiwan can be accepted as a member of the WHO. It can't. The real question […]
That shortly after his opponent Scott Morrison conceded defeat in the federal election, Australia's incoming Prime Minister Anthony Albanese said on Saturday that he would fly to Tokyo for the China-focused Quad summit and one-on-one meetings with the United States, Japanese and Indian leaders on Tuesday, seems to have dashed hopes of an uptick in […]
ROK's President Yoon Suk-yeol (1st L) and US President Joe Biden (1st R) hold their first summit talks in Seoul, the Republic of Korea, May 21, 2022. (PHOTO / XINHUA) That the United States president has chosen to travel to Asia, instead of Europe where the US' European allies are struggling to cope with the […]
Since time immemorial, the way Hong Kong has been governed is variously characterized as laissez-faire, “light-touch administration”, “hands-off governance”, “small government, big market”, or, most popularly, “positive non-interventionism” (PN). The common denominator of these appellations is a limited government, a government that is minimally involved in economic and social affairs, allowing the market and social […]
It gave the impression that those European Union politicians who have joined Washington’s anti-China crusade were at their wit’s end when they cited “COVID-19 restrictions” as evidence for their claim that “fundamental freedoms in Hong Kong have deteriorated further”. The “Hong Kong Special Administrative Region: Annual Report for 2021”, jointly released by the European Commission […]
On the occasion of the 71st anniversary of diplomatic relations, both Pakistan and China deserve congratulations. These two brotherly countries have stood by each other at all times. In particular China has been heavily involved in Pakistan's construction projects, and some of its engineers and workers have sacrificed their lives. For that act of bravery […]
Even before the Russia-Ukraine conflict, the COVID-19 pandemic had brought the world economy into recession, with global oil demand declining about 8 million barrels per day in 2020 and 2021. OPEC+ — a group of nations allied with the Organization of the Petroleum Exporting Countries — agreed to cut output by 10 million barrels per […]
(SHI YU / CHINA DAILY) This year marks the 20th anniversary of the creation of the African Union and the 22nd anniversary of the Forum on China-Africa Cooperation. The FOCAC has proven over the years to be an essential platform for promoting the partnership between China and African countries and an instrument for the development […]
If we are talking about a sanctioning party or country, as opposed to sanctions imposed on a particular country, the title of “the mother of all sanctions” ought to go to the United States’ sanctions. Two-thirds of the 104 sanctions issued worldwide from 1945 to 1990 were unilateral US actions. According to the US President’s […]
(JIN DING / CHINA DAILY) Advances in green and low-carbon technologies are the key to building a modern energy system and promoting the high-quality development of the energy industry. Amid the COVID-19 pandemic, China has witnessed a technological revolution and industrial transformation, a new landscape of global climate governance and integration of new energy and […]
Australia’s immediate reaction to the agreement signed by China and the Solomon Islands has been to give it closer scrutiny. However, Australia’s overstretch rather confirms that nothing in the agreement says China is bent on establishing a military base in the Pacific, as was alleged by some Australian officials. Occasionally, China’s Navy may drop anchor […]
Hailed as a historic event in a press statement released by the US State Department, the US-ASEAN Special Summit 2022 on May 12 and 13 was the first such meeting held in Washington DC and at the White House since the US started its dialogue relationship with ASEAN 45 years ago. Eight out of the […]
Ferdinand Marcos Jr casts his vote in the 2022 national elections at Mariano Marcos Memorial Elementary School, in Batac, Ilocos Norte, Philippines, May 9, 2022. (PHOTO / XINHUA) Ferdinand Romualdez Marcos Jr’s landslide victory in the Philippine presidential election on May 9 has drawn global attention because it will decide the country’s future policy direction, […]
Last week, the Joe Biden administration in Washington finally held its long-planned summit with the leaders of the Association of Southeast Asian Nations. The meeting had been delayed for several months due to geopolitical factors and the Ukraine crisis, but the White House has insisted that the event was a “priority” to demonstrate the “enduring […]