With US President Donald Trump intensifying his attacks on globalization and free trade, the European Union has decided to expand its presence and influence on the global stage by largely increasing its "external action" budget. The European Commission has proposed to increase the external action budget to 123 billion euros ($143.34 billion) for the 2021-27 period compared with 94.5 billion euros for 2014-2020. The 30 percent hike in the "external action" budget is encouraging given the EC's slow growth.
US Commerce Secretary Wilbur Ross betrayed the rationale for the United States' trade strategy in an interview with CNBC last week, admitting that US President Donald Trump wants to create an environment of pain for China so that it will give in to his demands.
It would be a miscalculation for secessionists on the island to embrace the actions of the United States as substantial support for "Taiwan independence".
ON FRIDAY, THE STATE ADMINISTRATION FOR MARKET REGULATION released on its official website an official letter to the local government of the Inner Mongolia autonomous region, requiring the latter to rectify a wrongdoing of its public security department, which broke the Anti-Monopoly Law. Thepaper.cn comments:
ON SATURDAY, the Ministry of Ecology and Environment revealed at a news conference that local officials of Linfen city, North China's Shanxi province, falsified the local air quality data. Beijing News comments:
A SURVEY OF 10,000 children aged between 3 and 6 years old in Shanghai shows they sleep 9.06 hours every day on average, lower than the national average and the minimum health standard of 10 hours. Gmw.cn comments:
A lot has happened since the United States announced additional tariffs on Chinese imports and subsequent retaliatory tariff announcements by China. President Xi Jinping and US President Donald Trump have separately met with the Democratic People's Republic of Korea's top leader Kim Jong-un. US officials have traveled to China to discuss trade issues with their Chinese counterparts, and Chinese officials have visited the US to persuade Trump to make a deal to help Chinese technology company ZTE Corporation, but the US Congress blocked it.
A number of foreign airlines, complying with the Chinese civil aviation authorities' demand, have changed references to Taiwan on their websites, indicating the island is part of China.
Since China launched reform and opening-up and began to integrate with the international community, its exchanges with the outside world have significantly increased, putting its national security in greater focus. Generally speaking, the concept of national security has seen tangible and necessary expansion in China. Initially, national security referred mainly to political security, which held true during the Cold War era.
Forgetting about putting "maximum pressure" on the Democratic People's Republic of Korea, Japan is mulling several proposals to organize a meeting between Prime Minister Shinzo Abe and DPRK top leader Kim Jong-un.
While Chinese mainland stocks closed higher on Friday, experts said the escalating trade tensions between the US and China have harmed the global stock markets, especially relevant companies on US bourses.
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