The G20 Leaders' Summit to be held in Hangzhou, East China's Zhejiang province, in September has acquired special importance because of the sluggish global economy. Given its representational nature, members' equal status and flexible arrangement, the G20 is a very important platform for global economic governance. No wonder economic growth and global structural reform are key topics of the Hangzhou G20 summit.
Thanks to the sluggish global economy, rising terrorist attacks and the refugee crisis in Europe, the world has all but forgotten about the effects of climate change. But a new study shows it is precisely for these reasons that we should take seriously the deadly impacts of climate change. Heat waves, droughts, floods and other natural disasters are expected to increase because of climate change, which not surprisingly are also pushing countries and regions, especially those already split along ethnic, religious or sectarian lines, toward conflicts, says a new study by German scientists.
With China's economy entering the "new normal", which requires reducing excess industrial capacity and deleveraging, an increasing number of Chinese enterprises are shifting their focus from domestic to overseas investments in a fresh bid to "go global".
In the decade up to 2014, the European Union could claim to be safer than the rest of the world, mainly because the number of terrorist attack victims decreased in the EU even as it increased globally. From 2009 to 2013, according to EU figures, 38 people died in terrorist attacks in the EU. In 2014, the number of terrorist victims within the EU was four, although many Europeans were killed in terrorist attacks in conflict zones outside the union.
Via unilateral South China Sea arbitration, Benigno Aquino III drove Philippine-China relations into a hopeless cul-de-sac.
The Rio Olympics is expected to help boost the Brazilian economy at a time when Brazil is suffering an economic slump as a result of low commodity prices, exacerbated inflation and capital flight since 2014.
THE REPUBLIC OF KOREA is making a historic misjudgment deploying the US' Terminal High-Altitude Area Defense anti-missile system on its soil. Xinhua News Agency commented:
THE CHINA NATIONAL TOURISM ADMINISTRATION announced last week that Orange Isle in Changsha, Hunan province, Central China, and Shenlong Gorge in Chongqing municipality, Southwest China, had lost their 5-A scenic rating, because of security concerns, overpricing, poor management, and poor facility maintenance. Beijing News commented on Monday:
A ROAD-STRADDLING, elevated bus that allows cars to pass underneath was demonstrated on some specially constructed test track in Qinhuangdao, North China's Hebei province last week. Soon after reports emerged that the test had been conducted without approval and might be part of an illicit financing scheme. Thepaper.cn commented:
Japanese Prime Minister Shinzo Abe reshuffled his cabinet on Aug 3, the third time since taking office in 2012, but most senior Cabinet figures including Finance Minister Taro Aso, Chief Cabinet Secretary Yoshihide Suga and Foreign Minister Fumio Kishida retain their posts.
At the eighth China-US Strategic and Economic Dialogue in Beijing in June, a dispute over steel trade became a very thorny issue. China is now the biggest steel producer and exporter in the world, with its crude steel production capacity being 1.13 billion tons, which accounts for nearly half of the world's total. US Under Secretary of Treasury Nathan Sheets alleged China's excess steel capacity was having a huge impact on the United States, Europe and other markets. And US Secretary of Commerce Penny Pritzker has levied an astonishingly high tariff of 522.2 percent on Chinese steel.
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