After the White House website published a report on June 19, accusing China of resorting to "economic aggression", "economic coercion" and "technology theft", the United States has used the ever-intensifying trade conflict to launch a "targeted attack" against China.
As I travel this week to meet China's State leaders in Beijing, I'll fly over a number of countries where China is dramatically changing economic landscapes. With its Belt and Road Initiative, China is promoting global economic integration by building infrastructure and broadening trade with countries such as Kazakhstan, Russia and about five dozen other countries on multiple continents.
With the global economy being dangerously-threatened and even damaged by unilateralism and trade bullying, the Monday meeting between China and European Union leaders went beyond the bilateral sphere and injected timely impetus into China-EU ties to save the global multilateral trading system from being destroyed by the unilateralism of the United States.
Contrary to US ambassador to NATO Kay Bailey Hutchison's claim prior to the meeting that "the overall theme" of the transatlantic organization's latest summit in Brussels would be its "strength and unity," it was the opposite that was on display; it ended up showcasing discord.
The United States seems intent on initiating long-term trade wars with almost all other countries and wantonly shaking the global stock markets and industrial value chains.
A COPILOT vaping on an Air China flight from Hong Kong to Dalian caused the plane to start a rapid emergency descent, because in trying to hide the fact that he was smoking by turning off a fan, he turned off the air-conditioning unit instead. His "foolish" error caused an oxygen shortage in the passenger cabin, triggering the height warning device and an emergency descent of the plane from an altitude of 11,000 meters to 4,000 meters. People's Daily comments:
TESLA SAID ON THURSDAY that it will establish a research and development center in Beijing, the first one outside of the United States. The electric carmaker also announced earlier that it will establish a factory in Shanghai. Beijing News comments:
A 47-YEAR-OLD DOCTOR working for an armed police hospital in Tianjin was stabbed to death by three people on her way to visit a patient on Thursday morning. ThePaper.cn comments:
Like slowly moving tectonic plates, in which at first there is no perceptible movement, only to be followed later by a jarring earthquake, the ground is finally shifting in the trade war between the United States and China.
"The copyright and patent laws we have today look more like intellectual monopoly than intellectual property," wrote Brink Lindsey and Steven Teles in their recent book about the US economy. Concerns about overprotection of intellectual property acting as a barrier to innovation and its diffusion are not new. But they have gained greater salience now that knowledge has emerged as a dominant driver of economic activity and competitive advantage.
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