China's National People's Congress (NPC), the country's top legislature, passed a new foreign investment law on Friday. The new law would replace three existing laws on various types of foreign investment and signal China's latest round of comprehensive and high-level opening-up.
China and Italy formally established diplomatic relations in 1970. Leaders of the two countries have made frequent visits to each other's countries since then and political mutual trust has been rising continuously. The two countries established a comprehensive strategic partnership in 2004, taking bilateral relations a step further. China proposed the Belt and Road Initiative (BRI) in 2013 and the Italian government has reiterated its willingness to participate in the initiative. Many EU members have thus far joined the BRI's circle of friends. If Italy signs up for the initiative, it will become the first G7 country to endorse the BRI, indisputably adding new strength to BRI-enabled international cooperation.
Scientific and technological exchanges and intellectual property disputes are common issues in global trade. However, due to the deepening US-China rivalry, scientific and technological exchanges and intellectual property disputes between the two countries have been quickly raised to the exaggerated level of national security and espionage, which could spiral out of control.
An Ethiopian Airlines Boeing 737 Max-8 crashed shortly after take-off, killing 157 people on Sunday. It was the second crash involving a Boeing 737 Max-8 within five months. The first involved Indonesia's Lion Air in October 2018.
The crash of the Ethiopian Airlines plane that killed 157 on Sunday has triggered some pessimistic comments toward Ethiopian Airlines and Africa's aviation industry. Some even said that they would never risk their life to go to Africa. To a certain extent, this underlines the public's lack of understanding about Africa.
US President Donald Trump notified Congress on March 4 after months of speculation that he would terminate the Generalized System of Preferences (GSP) for India and Turkey, starting a 60-day countdown period, after which the US President has the right to take action against the two countries on his own authority.
A draft foreign investment law that has been submitted to the second annual session of the 13th National People's Congress (NPC), China's top legislative body, for deliberations last week, is scheduled for a final vote on Friday.
Against the backdrop of a worsening international economic environment, China needs to find solutions as soon as possible in case more Western countries unite against it on some major economic issues. The country should pay attention to deepening bilateral relations with important economic and trade partners by building a more comprehensive and high-standard free trade network. And the UK could be one of the developed countries with which China could strengthen economic cooperation in a new round of changes to the international economic order.
With increasing discussions about Vietnam's “miracle growth,” a Vietnamese image of aggressive economic development has gone viral on social media in recent days. Various financial media have analyzed the country from the perspectives of setting up factories, investing in real estate and other sectors to lavishly tout the high investment returns and encourage domestic capital to invest in Vietnam. Although Vietnam has undoubtedly seen substantial economic achievements and social progress since its “renovation and opening-up,” and the country has maintained a relatively high economic growth rate, investors should not take for granted that setting up factories or investing in real estate in the country can just generate high returns, as there are still many uncertainties.
On Saturday, trade ministers from 16 Asia-Pacific countries gathered in the Cambodian city of Siem Reap to resume negotiations over the Regional Comprehensive Economic Partnership (RCEP). The proposed RCEP, which aims to create one of the world's largest trading blocs encompassing 45 percent of the world's population and 40 percent of global trade, is now at a critical moment. While the participating countries generally hope to reach a final deal by the end of this year, uncertainties should not be overlooked.
China's exports of industrial hemp products have been growing fast in recent years, mainly because they are more cost effective than overseas industrial hemp products. However, in the future, Chinese hemp exports might take a hit from the rising industrial hemp industry in the US.
Controlling oil consumption is of great importance for human beings and the whole world today, as mankind has entered a new era. Energy derived from fossil fuels is one of the major factors affecting the environment and climate change, which threaten the human race.
After seven rounds of repeated negotiations, the China-US trade talks seem to have made a breakthrough. US President Donald Trump tweeted the US had “very productive talks” with China on trade. He also announced he would delay the scheduled March 1 tariff increase on Chinese goods.
India's first semi high-speed rail, the Vande Bharat, has become the focus of attention over the past few days, as various "accidents" reported by the Indian media have once again triggered discussion and even mockery of India's manufacturing initiatives.
A lack of infrastructure and obstacles in its foreign investment policies have also resulted in little gain for employment, although India's economy has grown at a considerable rate.
Given its appropriate timing and enormous opportunities, this development has undoubtedly provided the world a great of deal room to imagine its possibilities.
As India's lower house Lok Sabha elections approach, Devendra Fadnavis, chief minister of Maharashtra, said that if the Bharatiya Janata Party (BJP) loses, India will regress at least 50 years. Of course, Fadnavis was obviously over exaggerating.
If a country wants to claim a top perch as a technology leader, it should ratchet up market competition rather than obstructing rivals.