Editor's note: Tom Fowdy, graduated from Oxford University's China Studies Program and majored in politics at Durham University, writes about international relations focusing on China and the Democratic People's Republic of Korea. The article reflects the author's opinions, and not necessarily the views of CGTN. The next few days will be a heated time for US-China trade talks. New US tariffs are scheduled to go into place on December 15th, which would impose levies on the remaining 300 billion US dollars of Chinese imports to the United States. As this deadline approaches, talks between the two countries are going on with representatives from both nations being cautiously, but not definitively optimistic of progress. On December 6, Beijing reportedly eased tariffs on soybean and pork imports from the U.S as an optimistic gesture to drive talks forwards, whilst American officials such as Larry Kudlow saying a trade deal is close but affirmed the President would "walk away from it" if … [Read more...] about An unpredictable week of trade talks
Editor's note: Cui Zheng is an associate professor at the Research Center for the Economies and Politics of Transitional Countries, Liaoning University. The article reflects the author's opinions, and not necessarily the views of CGTN. Through the diplomatic efforts of France and Germany, the leaders of the Normandy Four countries (Germany, Russia, Ukraine and France) are scheduled to meet in Paris, France, on December 9, 2019, to resume negotiations to end the five-year conflict in eastern Ukraine. This is the first talk among the four countries since the Berlin summit in 2016, and it also marks the first meeting between Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin since the former took office. The deadlock after the Minsk Protocol In 2014, to resolve the Ukrainian crisis and promote Ukraine-Russia dialogues, Russia, Ukraine and the Organization for Security and Cooperation in Europe (OSCE) launched the Trilateral Contact Group on Ukraine and the … [Read more...] about Will the Normandy summit resolve the Russia-Ukraine conflict?
If you want to go fast, walk alone; if you want to go farther, walk together. This well-known piece of advice should be heeded by the United States and applied to the Iranian nuclear deal. Aside from the US, which has unilaterally withdrawn from the 2015 Joint Comprehensive Plan of Action, better known as the Iranian nuclear deal, all the other parties to the deal still support its effective and full implementation, as shown by the joint commission meeting held in Vienna, Austria, on Friday, which was attended by representatives from China, France, Germany, Russia, the United Kingdom and Iran. During the meeting, the relevant parties pledged their determination to pursue all efforts to preserve the agreement, which sends an unmistakable message to the international community that the nuclear deal still plays an important role in the nuclear nonproliferation regime. That message should also prompt the US to reflect on its withdrawal from the deal, as that decision has not only dented … [Read more...] about Iranian nuclear deal only viable solution: China Daily editorial
As 2020 approaches, US tariffs on Chinese goods have reached levels not seen since the US Smoot-Hawley Tariff Act of 1930, which played a key role in exacerbating the Great Depression. A key complaint of US President Donald Trump is China's failure to respect intellectual property rights. Trump and his trade advisers regularly accuse China of stealing US inventions, designs and other forms of IP without compensation, and many media outlets repeat these allegations as a matter of course. There was a time when one could walk down a street in Vietnam, India or Mexico and easily find pirated foreign movies and music on DVDs and CDs. Now that everything is digital, pirating has become less visible to tourists, even though it is probably no less rampant than before. Still, IPR protection is weaker in developing countries than in advanced nations. The question, then, is whether China's IPR record is better or worse than what one would expect for its income level. For systematic data on such … [Read more...] about China doesn’t violate but protects IPR
The United States recently raised the tariffs on $200 billion of Chinese goods from 10 percent to 25 percent, while targeting another $300 billion worth of Chinese imports for potential punitive tariffs. As was to be expected, the yuan depreciated from 6.7 toward 6.9 against the US dollar, mainly on renewed trade tensions. China responded by imposing duties on $60 billion of US goods, starting June 1. In other words, instead of retaliating hard, China chose a mild response that highlights the importance of talks. The US administration may still be gloating over its misguided tariff stance. Yet the movement of the yuan may not be to the liking of the White House since it is likely to offset the tariff impact. Tariffs' impact on Chinese and Asian currencies Until the US' tariff escalation, China's currency was around 6.80 against the US dollar. That, however, was predicated on the expectation that cooler heads would prevail in the White House and a broad-scale trade war was avoidable. … [Read more...] about US’ futile quest for a yuan Plaza Accord