We are fond of talking of a world divided into different groups. We sometimes use ethnic, or cultural, or political attributes to create the basis of these differentiations. Multi-party democracies versus one-party states; monarchies versus republics; state-led economies versus market ones. Alliances are created on the back of similarities in these domains. At least, that is the claim.
The EU knows full well that global governance has suffered a setback because of the anti-globalization and protectionist decisions made by the Trump administration.
China's response after US President Donald Trump signed a memorandum on Thursday which imposes tariffs on Chinese imports is clear: The country will take countermeasures and the United States will pay a heavy price for its decision if it does not "pull back from the brink". Speaking with US Treasury Secretary Steven Mnuchin by phone on Saturday morning, Vice-Premier Liu He said that China is "fully prepared" and is "capable of safeguarding its national interests".
On Friday, the Ministry of National Defense expressed strong indignation and issued a stern warning after a US warship entered the waters around Chinese islands and reefs in the South China Sea.
Editor's note: On Thursday, US President Donald Trump signed a memorandum that could impose tariffs on imports of Chinese products worth $60 billion fueling fears that the world's two largest economies could be heading toward a trade war. The US tariffs mainly target China's industrial products such as high-speed railway technology and new energy cars.
ZHI SHUPING, head of the General Administration of Quality Supervision, Inspection, and Quarantine, said in a recent interview that standards will play a key role in promoting the quality of Chinese products. Beijing News comments:
Addressing the 13th National People's Congress, China's top legislature, on the last day of its first session on March 20. President Xi Jinping, also chairman of the Central Military Commission, said a modern combat system with Chinese characteristics should be established to safeguard national security.
A cold spell with snow put spring on hold in Tokyo on Wednesday, the day Russian Foreign Minister Sergey Lavrov landed in Japan on a visit. His Japanese counterpart Taro Kono ascribed the snow to the Russian visitor. "Since we did not interfere in your elections, we decided to intervene in the weather," Lavrov replied in a lighter vein.
The stock market plunged on Friday in line with a global pattern, on fears of a trade war between China and the United States, the world's two largest economies.
Business leaders in the San Francisco Bay Area gathered on Wednesday to send a clear message to the Trump administration: Adding trade friction to the bilateral relationship between the US and China won't help either one grow; the two sides should engage in conversation instead of confrontation.
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