The Covid-19 pandemic is perceived as the worst global crisis since 1945, with UN Secretary-General Antonio Guterres calling it “the greatest challenge in the 75-year history of the United Nations.” In a telephone conversation with Guterres, Chinese President Xi Jinping said, “the Covid-19 outbreak once again shows that mankind is a community with a shared future, and the international community must foster a sense of community, help each other, and work together to tackle risks and challenges to build a better home for the planet.”
The Trump Administration is considering limiting the activity of Chinese payment services Alipay and WeChat Pay, media report. They emphasize that national security could be the reason for such restrictions.
With over 10 days before the US-India 2+2 Ministerial Dialogue between the foreign and defense ministers of the two sides, which will reportedly take place on October 26 and 27, some Indian media outlets have already started hyping up a deal to be signed - the Basic Exchange and Cooperation Agreement (BECA) for geo-spatial cooperation. They have a reason to cheer - the signing of the deal would mean the establishment of a basic military alliance between them.
Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall, but still remains a major trading currency and a key world reserve currency. And for many economists that’s difficult to understand.
China’s just-concluded National Day and Mid-Autumn Festival has just concluded hundreds of millions of Chinese people trapped in the”epidemic haze”, ecstatic, rushing to all directions, knowing the way Blocked, biased towards blocking the road. Long-lost lively noises appeared throughout the country. People are intoxicated with the joy and excitement of the initial recovery of the serious illness and the initial disappearance of the epidemic.
Chinese language shipments of virus-related items to the U.S. have helped the nation offset sharp drops in its prime export classes on account of Washington’s tariffs and the worldwide economic downturn.
On August 8, Liu Zhiqin, a senior fellow at the Chongyang Institute of Financial Studies, Renmin University of China (RDCY), was interviewed by Beijing TV. The interview focused on the US sanctions against Hong Kong, what is the purpose of the US government's so-called sanctions?What impact will the so-called US sanctions have on Hong Kong's finances?