At the beginning of 2020, co-founder and CEO of Tesla Elon Musk received two gifts: Tesla stocks hit record prices and the company gained the ability to raise low-interest-rate funds. Both gifts were "made in China" benefits.
China-US competition in the internet and digital economy era is entirely different from the US' competition with the Soviet Union during the Cold War.
The China-EU bilateral investment treaty (BIT) negotiations and the China-US phase one trade deal are unrelated.
It makes no sense to draw connections between the China-EU bilateral investment treaty (BIT) negotiations and the China-US phase one trade deal.
China's 2019 gross domestic product reached 99.1 trillion yuan ($14.4 trillion), and per capita GDP made a breakthrough, for the first time achieving $10,000. China's per capita GDP is close to the central value of the income range of upper-middle-income countries, and China is a typical middle-income country.
The phase one trade deal between China and the US is a mutually beneficial agreement.
If China agrees to specific purchases including semiconductor in the phase one trade deal, it will involve companies like Huawei - whether the US allows suppliers to sell devices to Huawei? If the US does not, how could the specific purchases be reached?
Chip titan TSMC looks immune to trade and supply chain disruptions, but not to consumer wallets.
Personal credit is not a 'super police' that can interfere in people's private lives. It's also not for the purpose of selecting social, moral role models. All credit scores should stay in the field of personal financial credit, and should not go beyond that.
The signature of the phase one trade deal between China and the US is significant for three reasons.
The global governance system is facing changes, providing China with opportunities. China needs to make a better plan to cope with the rising potential challenges.
It was recently reported that a Japanese company has developed a chip based on “sixth-generation” (6G) technology, which is 40 times faster than 5G technology. The news has attracted widespread attention.
In the beginning of 2020, Chinese State Councilor and Foreign Minister Wang Yi started his visit to Africa – a tradition maintained for 30 years. The move has underscored an ever-stronger China-Africa friendship over time. Amid widespread protectionism and unilateralism, China is a determined supporter of Africa's development.
Despite China-US trade tensions and some new skepticism about the direction of China's reforms, state-owned enterprises (SOEs) are set to change radically. A new large-scale reorganization is about to begin, and it could revolutionize the efficiency of the sector and boost overall national growth.
A prolonged, bitter trade war between China and the US sent the yuan on a roller-coaster ride in 2019. Markets are now breathing a sigh of relief as the Chinese currency had a stable finish in 2019 and continues to gain momentum in 2020.
The year 2020 has begun in economic, political and military turmoil, placing international investors at a crossroads.
At the beginning of the new year, US President Donald Trump tweeted that a phase one trade deal would be signed at the White House on January 15. He also said he would visit Beijing following its signature, and begin phase two negotiations. It is clear that the world's two largest economies are far from the end of their trade talks, and a global trade pattern has yet to be determined.
During the month of December we have celebrated the fifth anniversary of the first cargo train Yiwu-Madrid (China Railway Express). In November of 2014, the Chinese and Spanish Governments both witnessed the longest railway route in the world being born. By then, the company responsible of the initiative, Yixinou, was able to manage one train to one destination. Five years later, we are confident to reach a total number of 500 trains operating to 11 different worldwide destinations departing or arriving in Yiwu, East China's Zhejiang Province.