China on Thursday officially applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in a landmark move that attests to the country’s commitment to global trade liberalization despite the impact of the COVID-19 pandemic and intensifying efforts by the US to isolate and contain China’s development.
The EU released on Wednesday its State of the Union 2021, in which it described China as “a competitor, even a rival, but also a partner for the EU in terms of tackling global environmental challenges and trade with 1.4 billion consumers.”
The Global Gateway scheme, which some observers believe aims to compete with the China-proposed Belt and Road Initiative (BRI), is likely inspired by the success of the BRI and will serve to fully demonstrate the effectiveness of Chinese-initiated global infrastructure program, Chinese analysts said on Thursday.
Although relations between China and Japan are facing complicated and serious issues, both sides should take a broader strategic vision while carefully examining the crux of the relationship, Chinese Ambassador to Japan Kong Xuanyou said in a meeting with Japanese business representatives on Thursday.
China hopes all parties in South Asia, including India, will make constructive efforts in maintaining peace and stability in the region, the Chinese Foreign Ministry said on Thursday in response to India’s plan to conduct a trial of intercontinental-range ballistic missile that covers Beijing and other Chinese cities, citing the United Nations Security Council Resolution 1172. The resolution condemned India’s nuclear bomb tests in 1998 and demanded it to refrain from engaging in further tests.
The growth of China’s retail sales, a key economic indicator, slowed down significantly in August as the latest coronavirus flare-up and extreme weather conditions constrained consumption during the summer vacation, according to official data on Wednesday, underscoring lingering challenges and uncertainties for the country’s economic recovery.
The Chinese economy added a total of 9.38 million urban jobs in the first eight months of 2021, accounting 85.3 percent of an official target for new jobs for the full year, official data from the National Bureau of Statistics (NBS) showed on Wednesday.
Despite the increasingly tough voices over the so-called financial decoupling between China and the US, the resumption of the China-US Financial Roundtable (CUFR) may be a sign that the idea is not popular to all.
It is no secret that the US and its allies have been busy setting up barriers to block Chinese technology development in recent years. With the Biden administration attempting to lure its allies to form an anti-China clique, they are reportedly weighing on a new step to form a united front to restrict Chinese investment.