President Xi Jinping began his eighth visit to Russia in six years on Wednesday. The high frequency alone shows how much importance Beijing attaches to its relations with Moscow, not to mention his three-day visit coincides with official celebrations of the 70th anniversary of bilateral diplomatic ties.
US Secretary of State Mike Pompeo may think he has been doing a good job in throttling the growth of Chinese telecommunications equipment company Huawei.
THE WORLD BANK has lowered its official forecast for global GDP growth in 2019 to 2.6 percent in its latest Global Economic Prospects report, released semiannually in January and June, and calls on the United States to reflect on the negative effects its unilateralism is having on the global economy, which are also harming itself. China Daily writer Wang Yiqing comments:
DESPITE THE PRESSURE the United States is putting on the United Kingdom to ban Chinese telecom company Huawei from participating in its 5G network, UK official sources are reported as saying no decision will be made this week. China Daily writer Zhang Zhouxiang comments:
Editor's note: Despite its repeated claim that the United States seeks to build relationships featuring reciprocity and respect for sovereignty based on fairness, in reality, Washington always pursues the goal of benefiting the US while harming other countries. Zhong Sheng, a columnist for People's Daily, comments:
A series of rules and systems established to safeguard global trade operations lies at the core of the global trading system. It is this global trading system that is being threatened by the trade protectionist moves of the United States.
Wealthy Chinese and other Asian investors are near the top of the league tables for economic optimism worldwide. That makes sense because growth in Asia has outpaced that in the rest of the world for the past 20 years. But it does seem to overlook the intensifying US-China trade dispute, which has weighed on markets and economic activity and which ranks as the top worry for the same wealthy Asian investors who participated in a new UBS study.
This year marks the 70th anniversary of the establishment of Moscow-Beijing diplomatic ties. Over the years, especially in the past 30 years, the two sides have learned to not allow ideological differences to affect their relations and instead build a bilateral partnership - as opposed to an alliance - based on equality, mutual trust, win-win cooperation, and to maintain cooperation without interfering in each other's internal affairs.
In a quick response to the white paper Beijing released on Sunday elaborating its stance regarding trade negotiations with the United States, Washington said on Monday it "is disappointed that the Chinese have chosen ... to pursue a blame game ..."
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