The first factor is the bleaker prospects of the US economy. According to the IMF's latest projections, the US economy is expected to contract by 4.3 percent from last year in 2020. As the virus is yet to be brought under control in the US, concerns over a worsening of the health crisis, as well as expectations of further stimulus, have led to a significant weakening of the dollar in recent months. But depreciation does not mean decline. Any change in the current dominance of the US dollar would likely be a result of more fundamental and structural movements.
The first webinar of South-South and Triangular Cooperation among Cities on Cross-border E-commerce and Digital Innovation for Sustainable, jointly hosted by UNOSSC Cities Project and China Association of Trade in Services (CATIS) was held online in the form of live stream successfully on August 14, 2020.The theme of this webinar is “Towards A Sustainable Financial Ecosystem of Cross-border E-commerce”. Mr. Zhang Wei, the former vice president of China Council for the Promotion of International Trade and chief expert of China Association of Trade in Services, and Mr. Jorge Chediek, the envoy of the secretary-general on South-South Cooperation and director of United Nations Office for South-South Cooperation delivered opening remarks.
A Date with Lu Yu—Entrepreneur Salon, jointly organized by SETV, Fujian Private Enterprise Chamber of Commerce and Fujian Women Entrepreneurs' Chamber of Commerce, was held in Fuzhou last Sunday. Chen Luyu, the famous program host of SETV, and Wang Wen, the guest of the political commentary program Voice of China and executive dean of Chongyang Institute for Financial Studies, Renmin University of China (RDCY), gathered together with Fujian entrepreneurs to talk about hot topics, made in-depth analysis and prospect of the current international economic situation and future development.
On the evening of August 13, Professor Wang Wen, executive dean of Chongyang Institute for Financial Studies, Renmin University of China and researcher of Financial Research Center of the Counsellor's Office of the State Council, attended the Licheng Forum in Putian, Fujian Province, to give a special lecture on the topic of Analysis on the Macro Situation of Three Hot Issues: the Impact of COVID-19, Sino-US Game and Economic Internal Circulation. The lecture was host by Wu Jinpeng, member of the Standing Committee of the District Committee and Minister of publicity, and was attended by the members of the theoretical study center group of the District Committee and cadres at or above the deputy section level of the Licheng District, Putian, Fujian Province.
As China-US relation increasingly escalates, an international online meeting themed “A new cold war against China is against the interests of humanity” voluntarily organized by activists and scholars from 48 countries was broadcast on Zoom, Youtube and Facebook simultaneously on July 25th, 2020. Well-known scholars from China, the United States, Britain, India, Russia, Canada, Venezuela, Brazil and other countries participated and called on the United States to abandon the cold war mentality. Internet users in more than 50 countries and regions watched the global and highly realistic live broadcast, with news reports and related content being read by about 200 million people, sparking heated discussions around the world.
In the afternoon of July 23, 2020, Afghanistan Ambassador Javid Ahmad Qaem and two other embassy staff visited Chongyang Institute for Financial Studies at Renmin University of China (RDCY), during which they exchanged views on relation and cooperation between China and Afghanistan, people to people exchanges and think tank communication, Belt and Road Initiative (BRI) cooperation with Wang Wen, the Executive Dean of RDCY and Zhou Rong, Senior fellow of RDCY.
On August 11, Liu Zhiqin, academic member of the Center for Global Governance Research Center, Chongyang Institute of Financial Studies, Renmin University of China (RDCY), gave an interview to CCTV-4, explaining that China had imposed sanctions on 11 US people related to Hong Kong issues. China's Foreign Ministry has announced sanctions against 11 Americans for their poor performance on Hong Kong-related issues. The sanction has sent three messages to the world: 1. The US plot of "Hong Kong Chaos" will never succeed; 2. Anything that undermines the stability of Hong Kong is unpopular; 3. The United States now faces a momentous choice in history for its acting in violation of the oath of the Declaration of Independence.