Observers had estimated that bilateral trade between China and India might surpass the milestone of $100 billion in 2021 despite a cold political and diplomatic relationship between the two nations. The latest trade data from China's Customs revealed that the new record was reached in October as two-way trade totaled $102.29 billion in the first 10 months of the year, surging 47.8 percent year-on-year.
Some of the “wags” in the international financial media are doing some crowing over their conjectured China’s imminent economic demise, pointing to the country’s slowing down in GDP growth in the third quarter (Q3), which stood at 4.9 percent over the same period of last year. It was much slower than the increase of 18.3 percent in Q1 and 7.9 percent in Q2. And they in particular dwelt on China’s Evergrande crisis and recent power shortages. London’s Financial Times trumpets, “China Manufacturing Slows As Property and Energy Woes Hit Economy” while Bloomberg highlights, “China Economy Weakens As Power Crunch, COVID Rules Hurt.” But, as so often has been the case in times past, the oracles of the London-New York financial press are wrong again. China is opening the fourth China International Import Expo in Shanghai in early November and the turnout from international companies is quite sizeable with many high-tech firms eager to tap into the Chinese market. The opening of the expo this
The United Nations Climate Change Conference in Glasgow (COP26) fell far short of what is needed for a safe planet, owing mainly to the same lack of trust that has burdened global climate negotiations for almost three decades.
US Senator Marco Rubio (R-FL) appears to be obsessed with Cuba. Every few days he takes to social media or makes remarks to the press about his desire to overthrow the Cuban Revolution. In recent months, Rubio has played a key role in drumming up support for anti-government protests in Cuba. On September 23, 2021, for instance, Rubio tweeted, “The brave people of Cuba lost their fear of protesting against the dictatorship that represses them. Holguín raises its voice against tyranny.” Rubio included an article about the Cuban town of Holguín in his tweet, where “a group of Cuban citizens” are planning to hold a “march against violence” on November 20. This article appeared in Diario de Cuba, a news site based in Miami, Florida, which from 2016 to 2019 received substantial funding from the National Endowment for Democracy, an independent nonprofit that is largely funded by the US Congress.
Gideon Rachman, Chief Foreign Affairs Commentator of Financial Times, talks the Western Views on the Rise of China.
Gideon Rachman, Chief Foreign Affairs Commentator of Financial Times, had predicted the rise of Asia in his book "Easternisation." In his latest interview with CGTN's Wang Guan, Rachman talks about major power relations from Geopolitical Tensions.