As China and Africa are looking forward to 2019, after almost two decades of close strategic partnership in the 21st century, there are a few wishes that citizens and policymakers from both sides are aspiring to, and in my opinion, as an African living in China, the greatest of them would be the convergence between the Chinese culture and economy and the African potential and future.
Amid the recent truce in the trade war, China has restarted imports of US soybeans, but there are still lots of uncertainties about the country's soybean trade.
While commercialization has become a common noun in a world that's being propelled by business innovation, its usage in the space sector remains something new, which is especially true with China's space missions. Nonetheless, with the country's Long March carrier rocket series and an array of space start-ups gaining increased global attention, space commercialization is springing into a high frequency phrase. In an exclusive interview with Global Times reporter Li Qiaoyi (GT) earlier in December in Zhuhai, Yang Yiqiang (Yang), the first commander-in-chief of the Long March 11 solid-fuel carrier rockets project, described policy priorities and to-do lists toward turning China into a major space power.
As the year draws to a close, it is high time to reflect on China's economic performance, and consider making some opportune revisions to the economic strategy, which may prove to better resonate with the people and to propel economic growth next year.
As some of the world's great powers try to contain China's 5G development by various means, including but not limited to technical and economic ones, 5G has gradually become a hot topic. It then begs the question as to which country is leading the 5G race and whether it is necessary for the US to target and suppress China's 5G development.
A nation's 5G strength is measured by a comprehensive system, not just one or two indices, which should be composed of the following aspects.
After 40 years of reform and opening-up, fundamental changes have taken place in China's internal and external environments.
Over the past two years, the sharing economy wave has brought vast changes to the capital market and daily life in China. Bike-sharing is one example.
The Global Times published an article last week, titled “Baidu's 'paid listing' search prompts calls for Google's return,” in which it reported that Chinese users and industry insiders have been enraged by Baidu's search service due to its “scam ads.” Citing users and industry analysts, the report said Baidu had been criticized for its paid listing model that prioritizes revenue over user experience, and they “urged a push for Google's search engine to come back, since it might make Baidu feel threatened enough to change.”
The bias against Huawei Technologies, solely based on the political considerations of the US government, seems to be spreading to some US allies. At the behest of the US, Australia has joined the US in banning the use of Huawei 5G mobile equipment and other countries, including New Zealand, Canada, Japan, and possibly the UK are set to follow suit.
An overall “decoupling” of China and the US seems unlikely, as their massive and extensive economic ties have penetrated into various industries and every corner of life after decades of development. Yet, under the influence of some neoconservatives in the US, there's a rising possibility of “decoupling” in the high-technology field.
As globalization goes deeper, economic and trade ties between China and most other countries in the world have seen rapid growth. In this new era of high interconnectivity and win-win cooperation, China has learned from the development experience of countries worldwide with a humble attitude and honest diligence to form its unique “socialism with Chinese characteristics” development model. In this process, China borrowed experience from the world's most developed countries and set foot on a development path that was suited to its own situation. This model has powered the economic take-off and soaring growth of China.
The recent arrest in Canada of Huawei CFO Meng Wanzhou has brought uncertainty to the negotiations during the current China-US trade truce.
Forty years of reform and opening-up have changed the destiny of the Chinese people, as well as the world. It is a great economic, social and political development with historical significance.
Every time there is economic difficulty, new ideas arise to drive reform and opening-up. If China can take the 40th anniversary of reform and opening-up as an opportunity to launch a new round of ideological emancipation, another round of reform and opening-up will occur, spurring new economic growth.
A McKinsey report titled China's Choice: Capturing the $5 Trillion Productivity Opportunity resurfaced recently. According to its calculations, China's financial sector generated more than 80 percent of the country's total economic profits in 2015. It is not healthy to see economic profits highly concentrated in the financial sector, which is to the detriment of economic development.
Relations between China and the US are tense at the moment, but both sides can benefit from reflection and restraint. A spirit of constructive internationalism must prevail.
The US' harsh tariff measures reflect its deeply flawed national security strategy. President Donald Trump's administration has made it clear that Washington perceives China as a rival that seeks to revise the post-World War II liberal international system. This is also the consensus view in Congress.
Without any solid evidence, the Canadian and US governments trampled on international law by basically “kidnapping” Chinese citizen Meng Wanzhou, the chief financial officer of Huawei.
The trade truce struck by China and the US over the weekend has temporarily prevented the two countries from heading toward a new cold war. Multiple results were achieved in such fields as trade, international politics and security.