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Commentary: How money will divide Europe after Brexit

Right now the European Union is united on one thing above all: to get Britain to pay as big a divorce bill as possible when it exits the EU. But while money will unite leaders at this week’s European summit, it will divide them after Brexit.The British government once hoped that the Oct. 19-20 meeting would be the moment when

Stay positive on Chinese economy but not blindly: economists

Economists said China should remain optimistic about the country’s economy, but to be realistic as well.At a recent seminar, Telling China’s good story and staying optimistic, at the People’s University of China, expertsdiscussed China’s economic development trend, transformation of economic patterns and supply-side reforms.Wu Xiaoqiu, vice president of the university, said that the future of China’s economy is promising. There

Chinese poverty alleviation campaign holding torch for others ​

File photo/VCGPoverty alleviation in China is an important part of the global efforts to eradicate poverty. Chinese President Xi Jinping, the guardian of poverty alleviation campaign has once again urged for all out efforts to win the tough battle against poverty and make new progress in the process of building a moderately prosperous society.In the 18th National Congress, the blue

US needs to respect intl opinion of Iran deal

Illustration: Liu Rui/GTWashington has been following its unilateral hardline path. US President Donald Trump announced Thursday he will decertify the 2015 Iran nuclear deal and impose sanctions on Iran's Islamic Revolutionary Guard Corps. He also claimed that "In the event we are not able to reach a solution working with Congress and our allies, the agreement will be terminated." His

Kobe Steel scandal seriously damages reputation of ‘Made in Japan’

"A castle takes three years to build, yet it can fall in a single day." Japanese Prime Minister Shinzo Abe seems to favor this proverb so much that he used it in his 2016 New Year's reflection and again after the plunge in support for his cabinet in June, probably in an entirely different mood. Early last year, he was

Is Trump's 'only one thing' to deal with the DPRK a military strike?

‍United States (US)President Donald Trump recently tweeted that "25 years of negotiations and agreements with the DPRK have failed, making fools of US negotiators."In the end he added cryptically that"only one thing will work,"a remark, which up to now, he has not elaborated on.Does Trump’s “one thing” mean a military strike?Screenshot of Trump's TwitterAmong the many options the US has

Achievements make China a major power

Eswar Prasad, the Tolani Senior Professor of Trade Policy at Cornell University and a senior fellow at the Brookings Institution. He was the former head of the IMF's China Division.What do you feel has been China's biggest achievement over the past five years? What's the most notable change you've observed?China's policymakers have steered the economy through a series of difficult

Nuclear-free world is still illusive

Beatrice Fihn, Executive Director of the International Campaign to Abolish Nuclear Weapons (ICAN) receives a bottle of champagne from her husband Will Fihm Ramsay (R) next to Daniel Hogsta, coordinator, while they celebrate after ICAN won the Nobel Peace Prize 2017, in Geneva, Switzerland October 6, 2017. [Photo/Agencies]The decision of Norway's Nobel Committee to award this year's peace prize to

Washington cannot unilaterally decide Iran nuclear deal’s future

Washington has been following its unilateral hardline path. US President Donald Trump announced Thursday he will decertify the 2015 Iran nuclear deal and impose sanctions on Iran’s Islamic Revolutionary Guard Corps. He also claimed that “In the event we are not able to reach a solution working with Congress and our allies, the agreement will be terminated.” His statement has

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