Few economies depend as heavily as Hong Kong on a free and open multilateral trading system. Few have as much to lose if the current US administration succeeds in disembowelling the World Trade Organization and miring international trade in tariffs and other forms of protectionism. Yet as the global trading system faces a protectionist assault,…
China and Pakistan have pledged to expand trade and deepen technological cooperation in areas ranging from agriculture to space exploration, at a time when Islamabad is warming to the United States. During a meeting on Thursday with Pakistani Prime Minister Shehbaz Sharif, Premier Li Qiang said Beijing would advance the second phase of the China-Pakistan…
China’s display of advanced military technology at its Victory Day parade could help it overtake Russia in global arms sales, but geopolitical factors might keep it from entering markets with ties to the US, according to analysts. During the military parade on Wednesday to mark the 80th anniversary of Japan’s defeat in World War II,…
The most popular window with social media influencers at Deep Blue offers a beautiful lake view in Anji, Zhejiang province. (PROVIDED TO CHINA DAILY) Tourists from the Hong Kong and Macao special administrative regions can expect new, accessible travel options in Zhejiang province on the Chinese mainland, as industry leaders from the three regions met…
Trump’s tariffs on India: The 21-day deadline to impose a 25% additional tariff on Indian exports to the US ends on Wednesday. In a draft notice published on Monday, August 25, the US administration detailed its plan to impose a 50% tariff on Indian products as the August 27 deadline approaches, signalling its intent to…
Hong Kong’s university entrance exam should be internationalised to help turn the city into a global tertiary education hub, several lawmakers have suggested ahead of the annual policy address next month, arguing the move will not harm local students’ interests. The legislators also called for the establishment of more Diploma for Secondary Education (DSE) exam…
Chinese Foreign Minister Wang Yi has arrived in Kabul to meet his counterparts from Afghanistan and Pakistan. It is Wang’s first trip to the country since a surprise visit March 2022. China’s Ministry of Foreign Affairs confirmed he had arrived in Afghanistan on Wednesday. The ministry had earlier said he would travel to Pakistan later…
As the United States vows to strengthen counterterrorism efforts with Pakistan and take a hard line against Pakistani separatist groups, experts suggest it could open a rare window in the South Asian country for Sino-US cooperation. The move might also ease Beijing’s long-held concerns over the region’s fatal terrorist attacks that often target Chinese, analysts…
Iran’s reported plans to sign up to China’s BeiDou satellite navigation system could expand Beijing’s footprint in the Middle East as advanced technology emerges as a battleground, according to analysts. The plans come after Tehran suffered major losses to its military and nuclear facilities in its 12-day war with Israel and the US in June….
Jeffrey Sachs is an economics professor and director of the Centre for Sustainable Development at Columbia University. He is president of the UN Sustainable Development Solutions Network. He was a special adviser to the UN Secretary General and has advised multiple governments on economic transition, debt crisis solutions and poverty alleviation policies. Part 1 of…