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US is ripping off rest of the world

A staff member hangs a US national flag before US President Joe Biden arrives for the European Council meeting in Brussels, Belgium, March 24, 2022. (Photo: Xinhua)Is the United States still our ally? This is a question that not just European Union officials are asking, but also many people in Europe. It is a question that has been prompted by the fact that Washington is making a great fortune out of the troubles European countries are facing.EU countries trying to reduce their reliance on Russia for energy turned to the US for gas instead, only to find that the price they have to pay is almost four times that in the US.As a result, the energy costs for industries in EU countries have increased dramatically and the inflation rate has soared. EU countries and their people are paying a high price for the disruption caused by the US-instigated conflict between Russia and Ukraine. European economies are being dragged into recession, with inflation rocketing, and the devastating squeeze on energy supplies threatens blackouts and rationing this winter.The EU countries are being ripped off by their ally when both sides of the Atlantic are providing both military and civilian aid to Ukraine.What makes EU officials and European people even more angry is the fact that instead of backing down from its selfish acts, Washington has boosted its beggar-thy-neighbor policy by adopting President Joe Bidens Inflation Reduction Act, a huge tax, climate and healthcare package.Under this act, Washington has announced a $369 billion industrial subsidy scheme to support its green industries, which has raised fears of a transatlantic trade war. Officials in Brussels are reportedly drawing up plans for an emergency war chest of subsidies to save European industries from collapse.Many EU officials and officials from EU countries have voiced frustration at the way the Biden administration simply ignores the impact of its domestic economic policies on European allies.EU politicians and th...

Rethink rule-breaking Inflation Reduction Act: China Daily editorial

The dome of the US Capitol is seen beyond a fountain in Washington, US.While the international community has looked forward to the worlds largest economy and major trader in both goods and services implementing inclusive pro-trade measures to boost a balanced global recovery, the US has done the opposite by implementing discriminatory and distorting trade subsidy measures.The measures the US will take under the Inflation Reduction Act constitute grave violations of the general principles of the World Trade Organization and relevant international laws, and disrupt the global industry, supply and value chains.According to the act, the US will provide up to $369 billion in subsidies to support production and investment in electric vehicles, key minerals, clean energy and power generation facilities, with as many as nine tax breaks conditional on production and sales in the US or the rest of North America.These are unequivocally discriminatory provisions that breach the WTOs basic principles of most-favored-nation treatment and national treatment. They constitute de facto import substitution subsidies and trade-related investment restrictions prohibited by the WTO. All these moves will benefit the US at the cost of seriously distorting global trade and the investment in relevant industries.Thats why these articles have been questioned and criticized by almost all countries since they were announced and why the act was the focus of discussions at a meeting of the Council for Trade in Goods of the World Trade Organization, held in Geneva last week.There is no doubt that these policies will trigger a beggar-thy-neighbor subsidy race, increase the risk of trade frictions among WTO members and undermine global efforts to tackle climate change.These policies show that it is the US that is the rule-breaker. The US is not only violating WTO rules by weaponizing "national security" concerns and abusing export controls. It is also using "long-arm ...

Observer: Safeguarding peace, stability in South China Sea a common will of regional countries

China and members of the Association of Southeast Asian Nations (ASEAN) issued a joint statement on the South China Sea at the 25th China-ASEAN Summit held in Phnom Penh, Cambodia, earlier this month.It is an important document signed by the two sides on the South China Sea issue, demonstrating China and ASEAN countries common will and firm resolve to stay committed to rising above external disruptions and safeguarding peace and stability in the South China Sea. The document also indicates that regional countries have the confidence, wisdom and capacity to handle the South China Sea issue.The joint statement, at its beginning, recognizes the benefits of having the South China Sea as a sea of peace, friendship and cooperation.To build the South China Sea into a sea of peace, friendship and cooperation is an important goal of Chinas South China Sea policy, as well as an inherent part of deepening the comprehensive strategic partnership between China and ASEAN.In November 2021, Chinese President Xi Jinping chaired the Special Summit to Commemorate the 30th Anniversary of China-ASEAN Dialogue Relations via video link. He proposed that China and ASEAN countries together build a peaceful home, a safe and secure home, a prosperous home, a beautiful home and an amicable home, stressing joint efforts are needed to safeguard stability in the South China Sea and make it a sea of peace, friendship and cooperation.The incorporation of "a sea of peace, friendship and cooperation" into the joint statement at this time mirrored regional countries active response to and support for Chinas South China Sea policy. It proved that China and ASEAN countries have reached a general consensus on what kind of South China Sea they should build.The Declaration on the Conduct of Parties in the South China Sea (DOC) is the first political document signed by China and ASEAN countries on the South China Sea issue. The document and its implementation ensure the basic s...

Keep broader picture of virus fight in mind: China Daily editorial

Residents line up to take the nucleic acid tests in Beijing on Nov 23, 2022. [Photo/IC] After fighting with the novel coronavirus for three years, the world has not yet seen the light at the end of the tunnel. During that time the virus has mutated and become less lethal, and since effective vacc

National security threats to US come from within: China Daily editorial

ChineseandUSflagsflutteroutsidethebuildingofanAmericancompanyinBeijing,Jan21,2021。

From Olympics to World Cup: How the West push global sports events to their lines

A FIFA World Cup sign is backdropped by the skyline of Doha on November 17, 2022, ahead of the Qatar 2022 World Cup football tournament. (Photo: AFP)Editors note: Abu Naser Al Farabi is a Dhaka-based columnist and analyst focusing on international politics, especially Asian affairs. Qatar was awarded the rights to host the 2022 FIFA World Cup, becoming the first country in the Middle East to do so. Ever since, the country has continued to find itself at the receiving end of a flurry of criticism and an explosive tirade of negative media coverage from the West.Out of their assumed moral high ground and deep-seated superiority complex, the Western sports analysts and their corporate media industry have been hammering Qatar with articles and opinions, condemning the country for its standard of migrant labor rights and its stance on the LGBT community.The so-called Western moral outrage driven by vested quarters with unsubstantiated, in some cases utterly untrue, claims on the issues has even reached the extent that some have been shamefully calling for boycotts of the football tournament. Boycott, sounds familiar? Yes, just last February, we witnessed a similar uproar in the Western political circle around another grand sports event, the Beijing Winter Olympics.The sustained Western condemnation that Qatar has been undergoing now, just because a non-Western country is hosting one of the most spectacular sports events in the world, is anything but surprising.Amid the outrage, the Western political establishments and media inflamed before and during the Beijing Winter Olympics to undermine Chinas global standing, albeit failed, it could easily be envisaged at that time that Qatar would be the next target of Western "hypocritical and shameful" bombardments.As one analyst in the South China Morning Post presciently pointed to the current occurrence right at the Olympic moment, "That drumbeat of righteousness with regard to the World Cup will only g...

Investing in rural women can solve global hunger and poverty

AChineseexpertchecksthegrowthofricewithfarmersinAbuja,Nigeria.Riceplantedatfourdemonstrationfieldsallproducedgoodharveststhisyear。

Energy transformation key to clean heating

SHI YU/CHINA DAILY Replacing fossil fuels with clean energy has become an irreversible trend in China, and with the introduction of a series of policies to peak its carbon emissions before 2030 and achieve carbon neutrality before 2060, its low-carbon energy transformation is constantly accelerat

Long-term deal locks in energy supply

Technicians check out facilities at Sinopec's Fuling shale gas field. Photo/China Daily QatarEnergy has signed a long-term deal to supply China's Sinopec with liquefied natural gas. At 27 years, it is the longest such liquefied natural gas agreement to date. The long-term purchase and sale agreeme

TSMC draining itself with Arizona move

SemiconductorchipsareseenonacircuitboardofacomputerinthisillustrationpicturetakenFeb25,2022.Photo/AgenciesMorrisChangChung-mou,founderoftheTaiwan-basedchipmanufacturerTSMC,hassaidthattheywillbuildawaferplantinArizonatoproduce3-nmprecisionchips。

China's committed opening-up and prospect for BRI countries

This photo taken on Nov 2, 2022 shows the west entrance of the National Exhibition and Convention Center (Shanghai), the main venue for the fifth China International Import Expo (CIIE), in East China's Shanghai. Photo/Xinhua The China International Import Expo (CIIE), held in Shanghai from Novembe

West's hypocrisy can't take shine off World Cup

A FIFA World Cup trophy replica is pictured on the pitch as fireworks go off ahead of the Qatar 2022 World Cup Group A soccer match between Qatar and Ecuador at the Al-Bayt Stadium in Al Khor, north of Doha on Sunday. ODD ANDERSEN/AFP FIFA President Gianni Infantino was spot on when he slammed We

Most experts believe US should not pledge to defend Taiwan: survey

Most experts disapprove of the view that the United States should officially pledge to defend Chinas Taiwan region, according to a November survey by Foreign Affairs Magazine. A view of the White House October 24, 2022, in Washington, DC, the United States. (File photo: VCG) Among the 54 experts surveyed to give their opinions on whether the US should "publicly adopt, as official policy, a pledge to use military force to defend Taiwan," 39 either strongly disagreed or disagreed, while only eight either agreed or strongly agreed.Most of these participants stated their reasons for their contentions."It would be reckless to adopt this policy of strategic clarity," said Lyle J. Goldstein, director for Asia Engagement at Defense Priorities and visiting professor at Brown University. "In fact, this move away from strategic ambiguity might well spark the war that it is aiming to prevent.""Wiser policies would emphasize creative diplomacy and maintain Washingtons commitment to the one China policy," said Goldstein, who disagreed with the surveys debate statement.Michael Mazza, a nonresident fellow at the American Enterprise Institute and Global Taiwan Institute, a supporter of the statement, said "a firm US commitment to defend Taiwan, or strategic clarity, will have a positive deterrent effect vis-à-vis China."Stephen Wertheim, a senior fellow at the Carnegie American Statecraft Program, said "it is currently far from a foregone conclusion" that China will seek national reunification by force, "despite the current drumbeat of vague and unsourced claims to the contrary emanating from people in Washington who are not China experts.""I am never certain about anything, but I round to a 10/10 on this question," said Wertheim, a strong opposer. China released a white paper in August regarding the Taiwan question and the reunification of China in the new er...

China, India key shapers of the Asian Century

JIN DING/CHINA DAILY The 20th National Congress of the Communist Party of China was held in Beijing in October. The congress was significant for both China and the world at large. The meeting presented crucial strategic plans to transform China into a modern socialist nation in all respects. Chin

Not theft, it's hard work and talent

ChinasurpassestheUnitedStatestobecomethetopjurisdictionintermsofthenumberofpatentsinforcelastyear.Photo/VCGAreportreleasedbytheWorldIntellectualPropertyOrganizationonMondaysaysthatChinasubmitted1。

EU should not let White House sway it

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, Sept 28, 2022. Photo/Agencies The fierce debates on EU-China relations in the European Parliament, the Foreign Affairs Council of the European Union and the European Council, held almost at the same time, sho

Will Fed's rate hikes prick the bubble?

Photo taken on June 22, 2022 shows the US Federal Reserve building in Washington, DC, the United States. [Photo/Xinhua] A bunch of US tech companies that have led the tech stocks boom over the past 10 years are announcing workforce cuts one after another. Twitter has reportedly decided to fire ab

Asia must jointly tackle external risks amid looming US-EU 'subsidy war'

Asia must jointly tackle external risks amid looming US-EU ‘subsidy war’。

Human rights mean control of gun culture and violence

FBI chaplain Jim Lilian, with his service dog, Harley, waits for clearance to go inside the store after a mass shooting at a Walmart, late Tuesday night in Chesapeake, Virginia, US November 23, 2022. Photo/Agecies A shooting at a Walmart in Chesapeake, Virginia, in the United States late on Tuesda

Observer: Stable China-US relations require political wisdom, sincere action

Chinese and US leaders kickstarted the process of stabilizing the two countries’ relationship through in-depth, candid, and constructive talks on an Indonesian resort island. As media attention faded and more talks are scheduled, sincere action is needed to implement the leaders’ consensus.One of the well-received outcomes of this much anticipated meeting was that the two countries agreed to resume contact between high level officials to consolidate their common interests and manage differences. Before the leaders’ talks, the major communication mechanism for seeking cooperation and exchanging concerns between the two nations had stalled following the provocative Taiwan visit made by US House Speaker Nancy Pelosi. Concerns were left unaddressed and risks of misjudgments mounted.Days after the Xi-Biden meeting, military ministers from China and the US held talks to reaffirm where the “red lines” are. US top diplomats are also planning to visit China for follow-up talks.As diplomats and pundits observed, small countries in the Asia-Pacific prefer that China and the US maintain dialogue rather than spiraling into confrontation. The countries in the region are reluctant to take a side between China and the US on a range of issues, and fear the worst case scenario that tensions slide into direct conflicts or a war.The work of building bridges has begun. Both sides should jointly work to transform the commitments expounded in the meeting room in Bali into real action. Action is the basis for stable China-US relations and what responsible major countries should do to respond to the expectations of the international community.The Taiwan question is on the top of negotiation agenda. China’s leader told his US counterpart that at the very core of Chinas core interests, the Taiwan question, is the first red line that must not be crossed. The Biden administration has amplified the risk of miscalculation by frequently touching on a possible war scenario across the Taiwan S...

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