There is a growing awareness that financial markets are beyond the control of national policymakers in today's globalized world. While a few economies do have the scale to shape interconnected global markets, they face serious constraints, political and economic. As a result, the global economy is stuck in a pro-cyclical financial cycle, with few options for escape.
United States flag-bearing warships and military aircraft have repeatedly engaged in China reconnaissance in the guise of "freedom of navigation and overflight", fueling concerns that it may be the tipping point in China-US ties.
The ongoing visit by US President Barack Obama to Vietnam, the third by a US leader since diplomatic relations were restored in 1995, may serve as a footnote to the adage that there are no eternal allies or perpetual enemies, only eternal and perpetual interests.
HAN CHUNYU, an associate professor at Hebei University of Science and Technology, recently impressed the nation, indeed the world, with his breakthrough in DNA-guided genome editing. Cjn .cn comments:
MORE THAN 170 TEACHERS in Zhouzhi county, Northwest China's Shaanxi province, have not been paid for over seven months. Recently the local government promised to advance them 8,000 yuan ($1,223) each. Beijing Times commented on Monday:
MORE THAN 20 PEOPLE were recently arrested by undercover agents of the US Department of Homeland Security for allegedly conspiring with 1,000 foreign nationals to falsely acquire visas. The suspects, mostly American citizens of Chinese and Indian backgrounds, were caught when they attempted to obtain visas for individuals enrolled in so-called diploma mills. Beijing News commented on Monday:
As expected, the inauguration speech by Tsai Ing-wen avoided any reference to the 1992 Consensus. This is consistent with her long-standing position of no commitment to the one-China principle.
The unilateral arbitration case forcibly pushed forward by the Philippines is a provocation against China under a legal cloak. Essentially, it is not aimed at resolving the country's territorial disputes with China, but a naked attempt to repudiate China's territorial sovereignty and maritime rights and interests in the South China Sea.
As the city with the biggest Indian settlement in China, Guangzhou is the most important destination in China for Indian business travelers, which is why Indian President Pranab Mukherjee is beginning his visit to China from this city on Tuesday.
Jack Ma, founder of the Chinese e-commerce giant Alibaba group, is to meet the Belgian king in Brussels on Monday. This is their third meeting since June last year when King Philippe paid a state visit to China. They also met at World Economic Summit in Davos, Switzerland in January.
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