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Trade dispute could lead to global recession

Trade tensions are the single biggest factor weighing on global corporate confidence today. They also pose a significant and credible threat to the global business cycle, as policy-easing measures can only offset the negative impacts up to a point. Truth be told, the window for addressing trade tensions in a way that avoids significant additional damage to the global cycle is relatively short. Indeed, developments in recent weeks have increased the risk of an extended period of escalation, with attendant downside risks to global growth.

Rare earths should be given their strategic due

Rare earths are regarded as strategic resources, which can be used both for military and civilian purposes. China has the largest reserves and is the biggest producer of rare earths, especially heavy rare earth elements, and mineral resources such as molybdenum, tungsten, antimony and magnesium.

New European Parliament reflects divided policy options

The results of the elections for the European Parliament are broadly in line with expectations. Although pro-European Union parties have won a majority of the seats, the EP is more fragmented than before with traditional center-right and center-left parties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions.

EU elections leave Brussels walking a political tightrope

The results of the European Parliament elections show pro-European Union political parties have a fragmented majority, while anti-EU right-wing groups on the continent have made eye-catching political gains. There is no doubt this stark divide in public sentiment will have a far-reaching influence on the world's largest trading bloc's decision-making process as well as its interaction with the rest of the world.

Hospitality not a sign of harmony and consensus

A merry round of golf, capped by a sweet selfie for two that went viral online, followed by double cheeseburgers made with American beef. Ending with the awarding of the Made-in-America United States President's Cup, at a meticulously arranged sumo show that was "really great".

It's mission impossible trying to foil China's tech progress

THE US ADMINISTRATION is attempting to squeeze the space for international cooperation by arbitrarily rejecting free and fair competition. People's Daily comments:

Innovation not license to print money

REPORTS THAT A COMPANY IN NANYANG, Henan province, has produced a car that can run on water has sparked a heated debate. China Daily writer Zhang Zhouxiang comments:

Washington shows how to make enemies quickly

Editor's note: With their "America first" obsession, some people in the United States do not care about people in other countries. Zhong Sheng, a columnist for People's Daily, comments:

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US tariffs won't cause the sky to fall

While the impact of the Sino-US trade dispute on the Chinese economy will be negative, causing more damage to the Chinese economy than to the US economy, they will be manageable for China. I estimate the maximum possible damage, assuming that all Chinese exports of goods to the US are halted, at 2.4 percent of GDP. But the negative impact on China's real GDP and employment can be mitigated through an appropriate increase in domestic aggregate demand.

New Indian govt needs inclusive policies to boost economy

The campaign for the Indian national elections, whose results were declared on Thursday, took voters through bitter, unwanted political and sometimes dirty apolitical debates. The right-wing Bharatiya Janata Party-led National Democratic Alliance was re-elected to power, yet the BJP won just one of the four provincial elections which were held simultaneously. The fact that regional political parties held sway in three of the provinces is something unique about Indian elections, especially because their victories were against the national mandate.