

Beyond ‘Decoupling’: How China Will Reshape Global Trade In 2020
Beijing (Forbes) - The idea of a “decoupling” between the United States and China started gathering steam earlier this year, as the trade war between the two countries intensified and negotiators on both sides repeatedly failed to reach a solution. In theory, decoupling would mean ripping up global supply chains, freezing foreign investment initiatives and burning down the geopolitical bridges that were built over the past four decades between Washington and Beijing. Decoupli

Trump praises Xi, blames predecessors for trade imbalance with China
Beijing (dpa) – President Donald Trump blamed past US administrations for the trade deficit with Beijing, and not the Chinese, as he praised President Xi Jinping while also urging him to contain North Korea's nuclear threat. On Thursday, Chinese and US business executives signed agreements worth 250 billion dollars during a meeting at the Great Hall of the People presided over by Trump and Xi. "We must immediately address the unfair trade practises that drive this deficit," T

Kim Jong Un vs the N Koreans: Who suffers most under new sanctions?
Everybody agrees the North Korea crisis is heading to a boiling point after Pyongyang tested a hydrogen bomb on Sunday - its most powerful to date. But as the UN Security Council is preparing to vote on a new set of sanctions - the most draconic yet - experts say the battered North Korean people might, yet again, take the brunt of the blow.
Beijing (dpa) - Russia, the United States and China can agree on one thing: the North Korean conflict is at a turning point. Their pers


Leaders hope new 'Silk Road' initiative will boost economic growth
Beijing (dpa) – Thirty heads of state and government adopted Monday a joint statement supporting Chinese President Xi Jinping’s ambitious plan to build a trade and infrastructure network across Eurasia. The country leaders posed in front of a traditional Chinese painting of a vast landscape with a red sun at the formal Belt and Road Forum dinner in Beijing on Sunday night. "This land so rich in beauty," read the Chinese calligraphy at the top of the painting, alluding to a po

EU states to refuse to sign trade statement at new 'Silk Road' forum
Beijing (dpa) – EU states voiced reservations over Beijing's ambitious plans to create a new "Silk Road" for intercontinental trade and infrastructure, demanding guarantees from China on free trade, environmental protection and working conditions. Germany's economy minister, Brigitte Zypries, said EU countries are determined not to sign a joint statement on trade unless China meets their demands, speaking at the Belt and Road Forum on Sunday. "So far the demands of the EU cou

China's Belt and Road initiative is pinnacle of president's ambitions
China is preparing to host regional leaders at a summit to promote the "New Silk Road." How far do Beijing's ambitions go? Beijing (dpa) – When Chinese President Xi Jinping takes a group photo with some of Eurasia’s most powerful political leaders later this month in Beijing, it will mark a new milestone in his quest to cement China's position as the top regional power. High-ranking officials from more than 100 countries, including Turkey’s Recep Tayyip Erdogan and the Philip