The world economy and international system are now characterized not only by deep interconnectedness, but also by intensifying geopolitical rivalries. For China, the situation has been complicated further by US President Donald Trump's evident view of the country as a strategic competitor, rather than a strategic partner, not to mention massive domestic social change and rapid technological disruption. The only way to mitigate the risks that China faces is with a tough, continuous and comprehensive reform strategy.
US protectionism and the subsequent trade disputes are calling into question the very nature of the World Trade Organization. And the persistent criticism of the Bretton Woods institutions (the International Monetary Fund and the World Bank) suggests the global economy strongly needs updated or new organizations. After all, we have already witnessed the rise of BRICS (Brazil, Russia, India, China and South Africa) and the G20, and emerging powers' and developing countries' claim for better and fuller recognition.
While there are some in the United States saying it will win their leader a Nobel Peace Prize, doubts have been cast on whether the planned summit in Singapore between US President Donald Trump and Democratic People's Republic of Korea leader Kim Jong-un will actually take place.
Despite the truce in the trade hostilities between the United States and China that was agreed less than two weeks ago after their talks in Washington, the White House on Tuesday announced it is ready to pull the trigger on tariffs and other measures to protect US technology and intellectual property from what it called China's "discriminatory" trade practices.
Italy has been without a government since elections in March because no political party has been able to form a majority. Two populist parties the Five Star and the League attempted to join forces but had to abandon the effort after Italian President Sergio Matterella vetoed their choice of a euroskeptic finance minister on Sunday.
AT THE 19TH MEETING of the Academicians of the Chinese Academy of Sciences and the 14th Meeting of the Academicians of the Chinese Academy of Engineering in Beijing on Monday, President Xi Jinping expounded on the importance of science, technology and innovation for the country. People's Daily comments:
PEOPLE ARE RELATIVELY FAMILIAR with traditional pyramid schemes that put more importance on recruiting new members than selling actual products. But the internet and blockchain have given a shot in the arm to the scam, as swindlers have created virtual currency pyramid selling to dress up their old tricks. ThePaper.cn comments on Wednesday:
AHEAD OF THE 61st International Children's Day on Friday, the Supreme People's Procuratorate held a news conference announcing the procuratorial organs will punish juvenile delinquency and strengthen the judicial protection of minors in accordance with the law. Beijing Youth Daily comments:
The good news is that the United States and China appear to have backed away from the precipice of a trade war. While vague in detail, a May 19 agreement has defused tension and created room for further negotiation.
|
|
|
|
|
|
|
|