US global economic terrorism

https://youtu.be/VaREP75PlSA

https://youtu.be/YWdNP2u7voo

Global financial markets are facing a stark wake-up call that they need to unite to stand against acts of what can only be described as economic terrorism by a country which unilaterally imposes its will on others and pursues its own goals at the cost of the interests of others.

More than a year after US President Donald Trump fired the first tariff salvo at China, he is extending the battlefield around the world. On Friday, his administration announced that it will end special trade treatment for India, removing a status that exempts billions of dollars of the South Asian country's products from US tariffs. Trump is seriously mulling slapping tariffs on Mexican imports as he believes the country has taken advantage of the US for decades.

Even close allies cannot trust they will be exempt from Trump's tariff addiction. It was reported that the administration considered imposing tariffs on imports from Australia, but eventually decided against the move amid opposition from his aides, "at least temporarily."

Obviously, Trump, a businessman-turned president, is aiming his trigger finger regardless of the targets, be they US competitors or allies. Trump grumbles about his country subsidizing the world and weakening US industry and pledges to make America great again. But he doesn't realize that a great superpower is supposed to provide public goods rather than resorting to coercion for selfish gains. His tactics are nothing short of economic terrorism.

The International Air Transport Association has estimated that the US-China trade war and high fuel prices will wipe $7.5 billion off expected airline profits in 2019. This is just the figure from the airline industry, which is enough to show the disastrous impact the US-initiated economic terrorism has on the globe. Trump may disrupt the global supply chain with the US' economic clout, but how can a disrupted global supply chain serve the US' strategic objectives of being a great country?

What is worse, before the US becomes great again as the president wishes, he is actually employing the strategy of blocking other countries to take the lead, as we see in his actions in quashing Huawei's 5G advancement.

Later this month, leaders from the world's top economies will meet at the G20 summit in Osaka, Japan to discuss key economic issues that plague the world. The conventional views of globalization and its benefits are still shared by most countries, and many countries and regions are continuing to open their economies. They should unite to face the chaos created by the Trump administration and find a way forward, so the process of globalization will not be held hostage by the US' economic terrorism. - By Zhang Yi


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China says US trade provocations are 'naked economic terrorism

• Trump's new tariffs on Mexico "wakeup call" to global markets, says US neconomist
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Provoking trade rows is 'naked economic terrorism', says China ...

China aligns with world order by improving it

As a civilization that is thousands of years old, China has always been integrating into the current international system and taking responsibility to defend the international order after the world wars and the international rule of law coming into force. At the same time, China is dedicated to promoting democratization and legalization of international relations.

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CHINA AND INTERNATIONAL SECURITY COOPERATION by Gen. Wei Fenghe, State Councilor and Minister of National Defense, PRC

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US global naked economic terrorism

https://youtu.be/VaREP75PlSA

https://youtu.be/YWdNP2u7voo

Global financial markets are facing a stark wake-up call that they need to unite to stand against acts of what can only be described as economic terrorism by a country which unilaterally imposes its will on others and pursues its own goals at the cost of the interests of others.

More than a year after US President Donald Trump fired the first tariff salvo at China, he is extending the battlefield around the world. On Friday, his administration announced that it will end special trade treatment for India, removing a status that exempts billions of dollars of the South Asian country's products from US tariffs. Trump is seriously mulling slapping tariffs on Mexican imports as he believes the country has taken advantage of the US for decades.

Even close allies cannot trust they will be exempt from Trump's tariff addiction. It was reported that the administration considered imposing tariffs on imports from Australia, but eventually decided against the move amid opposition from his aides, "at least temporarily."

Obviously, Trump, a businessman-turned president, is aiming his trigger finger regardless of the targets, be they US competitors or allies. Trump grumbles about his country subsidizing the world and weakening US industry and pledges to make America great again. But he doesn't realize that a great superpower is supposed to provide public goods rather than resorting to coercion for selfish gains. His tactics are nothing short of economic terrorism.

The International Air Transport Association has estimated that the US-China trade war and high fuel prices will wipe $7.5 billion off expected airline profits in 2019. This is just the figure from the airline industry, which is enough to show the disastrous impact the US-initiated economic terrorism has on the globe. Trump may disrupt the global supply chain with the US' economic clout, but how can a disrupted global supply chain serve the US' strategic objectives of being a great country?

What is worse, before the US becomes great again as the president wishes, he is actually employing the strategy of blocking other countries to take the lead, as we see in his actions in quashing Huawei's 5G advancement.

Later this month, leaders from the world's top economies will meet at the G20 summit in Osaka, Japan to discuss key economic issues that plague the world. The conventional views of globalization and its benefits are still shared by most countries, and many countries and regions are continuing to open their economies. They should unite to face the chaos created by the Trump administration and find a way forward, so the process of globalization will not be held hostage by the US' economic terrorism. - By Zhang Yi


Source link


Read more:

China says US trade provocations are 'naked economic terrorism

• Trump's new tariffs on Mexico "wakeup call" to global markets, says US neconomist
• White House official defends Trump's tariffs on Mexico despite wide-ranging criticism
• Trump to end preferential trade treatment for India on June 5

Provoking trade rows is 'naked economic terrorism', says China ...

China aligns with world order by improving it

As a civilization that is thousands of years old, China has always been integrating into the current international system and taking responsibility to defend the international order after the world wars and the international rule of law coming into force. At the same time, China is dedicated to promoting democratization and legalization of international relations.

 

Related posts:

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A screen shot of Liu Xin of China Global Television Network appearing on Trish Regan's show on Fox Business Network on Thursday Beij.

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https://youtu.be/DjMI0mLUuYI https://youtu.be/uEAc3PYe1W0 https://youtu.be/UABkYYyPMzc https://youtu.be/NrfoG840wVk China ..

CHINA AND INTERNATIONAL SECURITY COOPERATION by Gen. Wei Fenghe, State Councilor and Minister of National Defense, PRC

https://youtu.be/HSpHAY4-CnA https://youtu.be/B4t8iH30qe8 https://youtu.be/jYbFqZe6yo8 https://youtu.be/JZ9PqwqFEDI https:...

Spain welcomed President Xi visit, signed 10 deals worth US$17.6 bln, pledged stronger BRI ties against protectionism, unilateralism

https://youtu.be/T2J-S-NCRv0
https://youtu.be/aJvvvJBzp8U

China, Spain sign 10 deals worth US$17.6 bln 

Chinese President Xi Jinping (L) meets with Spanish Prime Minister Pedro Sanchez in Madrid, Spain, Nov. 28, 2018. (Xinhua/Xie Huanchi)

Chinese and Spanish enterprises have signed ten deals worth 17.6 billion U.S. dollars during President Xi Jinping's visit to Spain from November 27 to 29.

These deals cover the areas of finance, telecommunication, environment, machine, vehicle and medicine, hitting a new record of China-Spain trade and economic cooperation, said the spokesperson of China's Ministry of Commerce (MOFCOM).

China and Spain also inked intergovernmental cooperation documents such as a Memorandum of Understanding in the Third Party Market, Avoidance of Double Taxation and the Prevention of Fiscal Evasion and Inspection and Quarantine of Imported Pork Products and so on.

During the visit, China-Spain Business Advisory Council was formally established and the first meeting was successfully held, becoming another platform for deepening bilateral economic and trade relations.

Xi's visit coincides with the 45th anniversary of the establishment of diplomatic ties between the two countries, and the two sides have enjoyed excellent trade relations through all these years.

China is Spain's sixth largest trading partner in the world and the largest trading partner outside the EU. From January to September 2018, the bilateral trade volume hit 25.35 billion U.S. dollars, according to the MOFCOM.

China, Spain pledge stronger BRI ties against protectionism, unilateralism

China and Spain are cooperating in the Belt and Road initiative (BRI), yielding positive outcomes, and will continue to leverage the platform to oppose protectionism and unilateralism, Chinese experts said.

The comments came after a joint statement between the two countries during Chinese President Xi Jinping's three-day visit to Spain.

Zhao Junjie, a research fellow at the Chinese Academy of Social Sciences' Institute of European Studies, told the Global Times on Thursday that Spain has seen opportunities in cooperating with China on BRI.

"Although Spain faces pressure from conservatives who oppose free trade, the two countries' cooperation on BRI will not be interrupted," Zhao said, citing the freight train between China's small commodity hub of Yiwu and Madrid as a typical BRI achievement and an important bridge across Eurasia.

"Trains were not fully loaded when the line was first launched in 2014, but fully-loaded trains now depart every day from China," the research fellow said, while stressing that  Spain has a privileged position on the route.

Boosted by the route, Yiwu's imports from Spain surged 8.82 percent year-on-year to 60 million yuan ($8.6 million) in the first 10 months.

China is Spain's largest trading partner outside the EU, while Spain is the sixth-largest trading partner within the bloc for China. Bilateral trade reached $22.37 billion in the first eight months, up 10.6 percent year-on-year, according to the Chinese Ministry of Foreign Affairs.

Ding Chun, director of the Center for European Studies at Fudan University in Shanghai, told the Global Times that among EU members, Spain has shown stronger support for the BRI.

Both sides believe the Belt and Road initiative, as a platform of connectivity, will strengthen economic, trade and investment cooperation in third-party markets.

The two countries also stand ready to build synergy between BRI and related EU strategies, thus offering more mutually beneficial business and investment opportunities to Chinese and Spanish enterprises.

"On Spain's side, such cooperation in the third-party markets such as Africa will alleviate its refugee problem. It would also spark less geopolitical concerns than China-led projects in Europe," Ding said.  

China and Spain can cooperate on clean energy, including wind and tide energy, Zhao said, noting that cultural exchanges should also be strengthened through education, tourism and sports.

"Cooperation with Spain's small and medium enterprises should be given greater consideration," Zhao noted.  

"There are historical and geographic bases for China and Spain to conduct cooperation on the BRI," Xi said during a meeting with Spanish Prime Minister Pedro Sanchez on Wednesday, the Xinhua News Agency reported. 

Sources: Global Times

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Spain welcomed President Xi visit, signed 10 deals worth US$17.6 bln, pledged stronger BRI ties against protectionism, unilateralism

https://youtu.be/T2J-S-NCRv0
https://youtu.be/aJvvvJBzp8U

China, Spain sign 10 deals worth US$17.6 bln 

Chinese President Xi Jinping (L) meets with Spanish Prime Minister Pedro Sanchez in Madrid, Spain, Nov. 28, 2018. (Xinhua/Xie Huanchi)

Chinese and Spanish enterprises have signed ten deals worth 17.6 billion U.S. dollars during President Xi Jinping's visit to Spain from November 27 to 29.

These deals cover the areas of finance, telecommunication, environment, machine, vehicle and medicine, hitting a new record of China-Spain trade and economic cooperation, said the spokesperson of China's Ministry of Commerce (MOFCOM).

China and Spain also inked intergovernmental cooperation documents such as a Memorandum of Understanding in the Third Party Market, Avoidance of Double Taxation and the Prevention of Fiscal Evasion and Inspection and Quarantine of Imported Pork Products and so on.

During the visit, China-Spain Business Advisory Council was formally established and the first meeting was successfully held, becoming another platform for deepening bilateral economic and trade relations.

Xi's visit coincides with the 45th anniversary of the establishment of diplomatic ties between the two countries, and the two sides have enjoyed excellent trade relations through all these years.

China is Spain's sixth largest trading partner in the world and the largest trading partner outside the EU. From January to September 2018, the bilateral trade volume hit 25.35 billion U.S. dollars, according to the MOFCOM.

China, Spain pledge stronger BRI ties against protectionism, unilateralism

China and Spain are cooperating in the Belt and Road initiative (BRI), yielding positive outcomes, and will continue to leverage the platform to oppose protectionism and unilateralism, Chinese experts said.

The comments came after a joint statement between the two countries during Chinese President Xi Jinping's three-day visit to Spain.

Zhao Junjie, a research fellow at the Chinese Academy of Social Sciences' Institute of European Studies, told the Global Times on Thursday that Spain has seen opportunities in cooperating with China on BRI.

"Although Spain faces pressure from conservatives who oppose free trade, the two countries' cooperation on BRI will not be interrupted," Zhao said, citing the freight train between China's small commodity hub of Yiwu and Madrid as a typical BRI achievement and an important bridge across Eurasia.

"Trains were not fully loaded when the line was first launched in 2014, but fully-loaded trains now depart every day from China," the research fellow said, while stressing that  Spain has a privileged position on the route.

Boosted by the route, Yiwu's imports from Spain surged 8.82 percent year-on-year to 60 million yuan ($8.6 million) in the first 10 months.

China is Spain's largest trading partner outside the EU, while Spain is the sixth-largest trading partner within the bloc for China. Bilateral trade reached $22.37 billion in the first eight months, up 10.6 percent year-on-year, according to the Chinese Ministry of Foreign Affairs.

Ding Chun, director of the Center for European Studies at Fudan University in Shanghai, told the Global Times that among EU members, Spain has shown stronger support for the BRI.

Both sides believe the Belt and Road initiative, as a platform of connectivity, will strengthen economic, trade and investment cooperation in third-party markets.

The two countries also stand ready to build synergy between BRI and related EU strategies, thus offering more mutually beneficial business and investment opportunities to Chinese and Spanish enterprises.

"On Spain's side, such cooperation in the third-party markets such as Africa will alleviate its refugee problem. It would also spark less geopolitical concerns than China-led projects in Europe," Ding said.  

China and Spain can cooperate on clean energy, including wind and tide energy, Zhao said, noting that cultural exchanges should also be strengthened through education, tourism and sports.

"Cooperation with Spain's small and medium enterprises should be given greater consideration," Zhao noted.  

"There are historical and geographic bases for China and Spain to conduct cooperation on the BRI," Xi said during a meeting with Spanish Prime Minister Pedro Sanchez on Wednesday, the Xinhua News Agency reported. 

Sources: Global Times

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