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Will the pandemic spell the end of US dollar’s dominance?

TheUSdollarhasmaintainedinternationalpaymentdominancefordecades.Tothisday,thedollarremainstheprimaryglobalreservecurrency,andplaysaprominentroleinglobaltradeandfinancialflows.。Secondly,amorestructuralfactoristheUS'debtdilemma.TheUSishighlyindebted,andthecountry'smassivespendinginresponsetothepandemi

Why China's five-year plan matters to the world

[Cai Meng/China Daily] .The proposals of China's 14th Five-Year Plan for economic and social development will be assessed during the fifth plenary session of the 19th Communist Party of China Central Committee later this month. This top-level policy blueprint bodes well for the country and will he

FTZs will propel high-level opening-up

MA XUEJING/CHINA DAILY In the first seven months of 2020, more than 3,300 new foreign-owned enterprises were registered in China's 18 free trade zones attracting more than 90 billion yuan ($13. These FTZs account for only 0. The FTZs have more autonomous powers to deepen reform and thus prom

China’s yuan gaining value, liberalization high on agenda

Illustration:ChenXia/GTSupportedbyChina'sstrongeconomicrecoveryfromtheCOVID-19crisis,thevalueoftheyuanhaswitnessedanoutstandingrise.FromthemiddleofJulythroughFriday'sclose,thecurrencyhasgrown4.6percentagainsttheUSdollar,oneofthebiggestquarterlygainssince2008,whentheOlympicGameswasheldinBeijing.Servi

Lies about China won't become truth

A reflection of the US flag is seen on the signs of the WeChat and TikTok apps in this illustration picture taken September 19, 2020.Politicians from the United States do not hesitate to tell lies in their attempt to smear China whenever possible.He said that China's national security law requires a

US ambitions to expand QUAD set to fail

Illustration: Liu Rui/GT.Marc Knapper, US deputy assistant secretary of state for Korea and Japan, said Saturday that "the Quad," an informal security grouping of the US, Japan, Australia and India, may welcome new members in the future as the countries look to counter China's rising influence, Nikk

Tokyo wise to exercise restraint with Washington’s Taiwan games

Illustration: Liu Rui/GT.The US and Japan are now mulling how to deal with possible "Taiwan contingency," Randall Schriver, former Assistant Secretary of Defense for Indo-Pacific Security Affairs in the US government, said at a seminar held in Taiwan on Friday, according to the Voice of America Chin

14th Five-Year Plan a roadmap that leads beyond the year 2025: China Daily editorial

A draft of the top-level blueprint for the country's economic and social development will be assessed during the fifth plenary session of the 19th Communist Party of China Central Committee, which is being held in Beijing from Monday to Thursday.The 14th Five-Year Plan will chart the course of the

US, India 2+2 meet an ‘all-for-itself’ opportunity

China India Photo: GT Coming at a sensitive time with the US Presidential election just a week away and while India is still entangled in border tensions with China, Chinese observers said Tuesday's third 2+2 ministerial dialogue between New Delhi and Washington is more an opportunity for bot

Why Russia commands strategic arms talks with weakening US

Illustration: Liu Rui/GT.Russia has proposed to extend the New START (Strategic Arms Reduction Treaty) for one year. It is also ready to join hands with the US to undertake a political commitment to freeze the number of nuclear warheads held by both sides during this period, Russia said in a stateme

China loves peace, but not to be trifled with: China Daily editorial

Xi Jinping, Li Keqiang, Li Zhanshu, Wang Yang, Wang Huning, Zhao Leji, Han Zheng and Wang Qishan attend a meeting marking the 70th anniversary of the Chinese People's Volunteers entering the Democratic People's Republic of Korea to fight in the War to Resist US Aggression and Aid Korea, at the Great

Sport and politics: my experiences as an athlete

Visitors are seen through the Olympic rings in front of Japan Olympics Museum, a day before the start of the one-year countdown to the Tokyo Olympics that have been postponed to 2021 due to the coronavirus disease outbreak, in Tokyo, Japan July 22, 2020. [Photo/Agencies] Participating in the O

Should PE grades be required for college admission?

Physical education is as important as academic study. People won't succeed without a healthy body. A student does the standing long jump during the final physical education tests at No 2 Middle School in Beijing, capital of China, Jan 21, 2015.

To vigorously carry forward the great spirit of the War to Resist US Aggression and Aid Korea: PD editorial

This year marks the 70th anniversary of the Chinese Peoples Volunteers(CPV)entering the Democratic Peoples Republic of Korea to fight in the War to Resist US Aggression and Aid Korea.When the timeframes of Chinastwo centenary goals converge,to review the immortalhistoric contributionsof the CPV, pay tribute to the CPV soldiers who wrote a splendid chapter to protect their country and set a glorious example of "the weak vanquishingthe strong" in the history of human warfare, and vigorously fosterthe great spirit demonstrated by the CPV army in the War to Resist US Aggression and Aid Korea, is of huge significance for encouraging and mobilizing the Party, the military and the peopleto brave thorny pathsand forge ahead in the new era."The victory in the War to Resist US Aggression and Aid Korea was a victory of justice, a victory of peace and a victory of the people," Chinese President Xi Jinpingsaid recently.The war, which happened 70 years ago, was forced upon the Chinese people by invading imperialism. After the US repeatedly ignored the warning from the Chinese government, brazenlystarted the war against North Koreaand even attacked the territory of the Peoples Republic of China (PRC), the Communist Party of China (CPC) and the Chinese government resolutely made the historic decisionto resist the aggression of the US, aid Korea and protect its homeland, shouldering the historic mission of safeguarding peace with indomitablecourage. Itwas the first large regional war with international influence after the World War II. Holding high the banner of justice, the heroic CPV soldiers gallantly fought side by side with the Democratic Peoples Republic of Koreas(DPRK) people and army and won a great victoryafter two years and nine months on the battle grounds. It was a war of justice to safeguard peace and r...

Scholar sheds light why the US is pulling out of intl organizations

A meeting of the Joint Comprehensive Plan of Action Joint Commission reaffirms its commitment to preserving and implementing the Iran nuclear deal in Vienna, Austria, on September 1. [Photo/Xinhua] As the 75th anniversary of the UN, perhaps this is as good a time as any to discuss the United

US’ final presidential debate shouldn’t strangle possibility of China-US cooperation in COVID-19 fight

Thesecondandfinalpresidentialdebatebeforethe2020USelection,betweenRepublicanPresidentDonaldTrumpandDemocraticchallengerJoeBiden,willbeheldonThursdaynightUStime.Thefirstdebatewasso"hostile"and"chaotic"thatthemutebuttonintroducedbythedebatecommissionhasbecomeahotsubjectformediaoutletsontheeveofthedeba

Observer: China’s economic rebound brings world confidence

While many countries around the world continue to struggle with COVID-19 and recession, China emerged as the only major economy withpositive GDP growth.The uplifting news from the world’s second largest economy strengthens confidence in the global fight against the coronavirus pandemic,and is also pivotal for the world to achieve economic recovery.According to China’s government statistics released on Monday, the countrys GDP in the third quarter picked up steam to expand 4.9 percent year-on-year, causing the economy to bounce backto0.7 percent growth inthefirst three quarters.Analysts said the economic data for the third quarter will support China to achieve an annual GDP expansion of about 2-3 percent, despite a global recession due to the pandemic."China is likely to be the sole major economy in the world to register positive growth this year," Eswar Prasad, a China finance expert at Cornell University, told the Financial Times."Chinas economy continued its rapid rebound last quarter, with the recovery broadening and becoming less reliant on investment-led stimulus," wrote Julian Evans-Pritchard, senior China economist for Capital Economics, in a research note.ManysaidChina’s recovery is inseparable from the countries stringent lockdown, patient and contact tracingpolicies,and massive testing intended to contain the virus. China might not be the first country to reopen, but it did reopen wisely on a scientific basis.Thanks to the well contained epidemic, China’s "domestic economic activities are expected to further normalize in the upcoming quarters," Zhu Chaoping, global market strategist at JPMorgan Asset Management, said."When consumerconfidence improves, consumption might take over investment asthe major contributor to domestic demand," he said.The global supply chain is further guaranteed as China picked up pace to return to normal....

Republicans push China Task Force Act as election, propaganda ploy

The China Task Force, comprised of 15 Republican lawmakers, released the China Task Force Act on Tuesday.It includes 137 anti-China bills and other provisions that aim to comprehensively address the so-called threats posed by China.First, they want to seize the last opportunity to hype China-related

Washington should stop acting hysterically in ‘media war’

Illustration: Liu Rui/GT.The US State Department announced Wednesday that the administration is labeling six more Chinese media outlets as "foreign missions," bringing to 15 the total number of Chinese media outlets on the list. The newly added media include Yicai Global, Jiefang Daily, Xinmin Eveni

US attempts to build so-called anti-China 'coalition' will never succeed: Chinese political advisor

21 -- A Chinese political advisor said U. attempts to piece together a so-called anti-China "coalition" will never succeed, and some U. has not concentrated on responding to the pandemic, but spared no effort to slander China, shift the blame, use the pandemic to engage in identity politics, and at

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