Editor's note: The ongoing yellow vest campaign, the largest protest since 1968 in France, has not only shaken the ruling foundation of the Emmanuel Macron administration, but also shed light on the complexity of France's needed reforms. Columnist Song Luzheng comments in a post published by Guancha.cn:
The US-China trade dispute could reshape the world's economic and financial landscape. That's not how it looked as recently as May, when a bilateral trade deal was almost within reach. But the United States backed out at the eleventh hour, and tensions have since flared, with the US administration imposing tariffs on a wide range of Chinese exports, and China responding in kind.
The 90-day ceasefire since Dec 1 in the "tariff war" between the United States and China provides a welcome opportunity to pause - and to think. Trade negotiators are focused on the search for a deal that will prevent a full-blown trade war. But the rest of us should be thinking about two larger questions: Where is the overall relationship between the two great nations heading? And what can the two sides do to avoid an outcome no one wants?
During the 40 years of reform and opening-up, Sino-US relations have made inconceivable progress. But with the rapid development of China, Sino-US relations have reached a crossroad. Perhaps they need structural changes.
The deepening opening-up of the services sector, and rising investor sentiment in the stock market will aid China in achieving stable economic growth next year, analysts said.
Multinationals are continuing to lose out to local companies when it comes to securing high-quality professionals in China, especially amid domestic tech firms' surging success, according to the 2018 China Leadership Report.
Sustaining domestic growth, with an added focus on currency stability and a robust financial system, will be the key goals of the nation's monetary policy for next year, a top central bank official said.
The central government and the Hong Kong Special Administrative Region government have inked an updated version of the Closer Economic Partnership Arrangements (CEPA) - a step that would boost the trading of goods between the Chinese mainland and Hong Kong.
Qualcomm Inc has sought a court ban on the latest iPhones in China after securing a preliminary restriction on older models, as the US chip giant continued to step up the ante against the world's leading smartphone maker.
World-leading coffee chain Starbucks said it will further enhance its digital collaboration with Alibaba Group by launching its first-ever virtual store.
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