News Updates

August 28th - 06th September
  • BRI not meant to be 'China club'
    Xi stresses shared growth, dialogue among countries, win-win results
    The Belt and Road Initiative does not aim at a geopolitical or military alliance, nor will it establish a small bloc or set up a "China club", President Xi Jinping said on Monday. (China Daily, August 28, 2018)
  • Xi encourages youth to build Belt, Road
    President Xi Jinping has called on young people from China and Africa to continue to follow and proactively take part in the joint building of the Belt and Road and support China-Africa solidarity and cooperation. (China Daily, August 30, 2018)
  • Xi says China to implement eight major initiatives with African countries
    President Xi Jinping on said China will implement eight major initiatives with African countries in the next three years and beyond, covering fields such as industrial promotion, infrastructure connectivity, trade facilitation, and green development.
  • Xi made the announcement in a keynote speech delivered at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation. (Xinhua, September 03, 2018)
  • Xi announces 60 billion USD of financing to Africa
    China will extend a total of 60 billion U.S. dollars of financing to Africa, Chinese President Xi Jinping announced on September 3. The financing will be provided in the form of government assistance as well as investment and financing by financial institutions and companies, Xi said in a keynote speech at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC). (Xinhua, September 04, 2018)
  • Observers, experts speak highly of President Xi's speech at China-Africa summit
    Political observers, policy researchers and experts on international affairs spoke highly of President Xi Jinping's speech at a high-level meeting between Chinese and African leaders on Sept. 3. (Xinhua, September 04, 2018)
August 18th - 27th
  • Beijing and Washington had a "constructive and frank" talk on economic and trade issues of mutual concern, China's Ministry of Commerce said in a statement. "The two sides will maintain contact regarding the next steps," the statement added.
    A Chinese delegation led by China’s Vice Minister of Commerce, Wang Shouwen, traveled to Washington for two days of talks starting on August 22. (People’s Daily, August 24, 2018)
  • China's Belt and Road Initiative offers "many benefits" and "more investment" for Latin America, according to the head of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
    Regional countries are beginning to assess the possibility of participating in this "great project," in which China "has a lot to offer" in the areas of trade and infrastructure, said ECLAC Executive Secretary Alicia Barcena. (Xinhua, August 27, 2018)
  • China seriously concerned about Australian 5G security rules: MOC
    China's Ministry of Commerce (MOC) expressed serious concern about 5G security rules published by the Australian government, calling the move "a wrong decision. “An MOC spokesperson said in a statement that the rules will exert negative influence on the interest of both Chinese and Australian companies. (Xinhua, August 24, 2018)
  • Beijing summit to push China-Africa cooperation to higher level Focusing on building a closer community of shared future between China and Africa, the upcoming 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) is expected to set a new path for a higher-level of China-Africa cooperation, Chinese experts and scholars told People’s Daily. (People's Daily, August 27, 2018)
August 10th - 17th
  • China seeks WTO dispute settlement over US safeguard measures, subsidies to safeguard its legitimate rights and interests and multilateral trade rules.
    China on August 14 launched the World Trade Organization (WTO) dispute settlement procedure over US safeguard measures on imported photovoltaic products and subsidies for its renewable energy products, the Ministry of Commerce said. (Xinhua, August 15, 2018)
  • Chinese delegation to visit US late August for trade talks
    It says Chinese vice commerce minister Wang Shouwen will lead a delegation and meet with U.S. under-secretary of the Treasury David Malpass.
    Chinese authorities reiterated their stance of opposing unilateralism and protectionism in global trade and refuse to accept unilateral trade restrictions.
    Chinese officials called for talks and negotiations based on equality and mutual trust to ease the current trade tensions. (People’s Daily, August 16, 2018)
  • Russian President Vladimir Putin said that his country is willing to improve strategic communication with China and strengthen bilateral comprehensive strategic partnership of coordination. Russia is also ready to deepen practical cooperation with China in various areas and enhance coordination on international and regional affairs. (Xinhua News, August 16, 2018)
  • Deep understanding of the trade war allows China more composure
    The US has once again put domestic law above international law by imposing very unreasonable new tariffs on Chinese goods, said a spokesperson of China’s Commerce Ministry on Aug. 8 after the US announced to implement 25 percent tariff on $16 billion worth of Chinese goods since August 23, 2018.
  • To safeguard its interests and the multilateral trading system, China was forced to make countermeasures. It opted to impose 25 percent tariff on $16 billion worth of US imports, and the tariff is to be implemented in parallel with the US. (People's Daily Overseas Edition, August 10, 2018)
  • China will participate in all-year-round Arctic expedition
    Chinese scientists will board the German icebreaker RV Polarstern next year to research the Arctic climate system, which Chinese experts said could help people better understand climate change. (Global Times, August 16, 2018)
August 1st - 9th
  • Indo-Pacific strategy more a geopolitical military alliance: opinion
    Since the second half of 2017, US President Donald Trump and other senior officials have frequently mentioned the "Indo-Pacific" concept, but not as a strategy. International speculation has swirled over whether this is a geopolitical strategy or a geo-economic one. In June, US Defense Secretary James Mattis used "Indo-Pacific strategy" in his remarks at the Shangri-La Dialogue. It points at US plans to build more of a geopolitical military alliance than an economic one in the Indo-Pacific region. (People's Daily, August 7, 2018)
  • China-US trade relations won’t reach strategic stalemate: Opinion
    The US-China trade dispute has been escalating since the beginning of this year. The Trump administration attempts to disrupt economic globalization, change the structure of bilateral trade and reduce its trade deficit with China.
    The US government knows clearly that China and the US are economically interwoven and interdependent. But as China’s reliance on the trade with the US is decreasing, taking unilateral measures against China in trade, finance and technology will only exert greater negative effects on the American economy. (People's Daily, August 08, 2018)
  • Commentary: China’s large domestic market helps it withstand trade conflicts
    The country’s calmness and confidence come from not only morality, systems and history, but also its broad domestic market. Recently, China has been acting calmly in its counteraction against the US-led trade war, on just grounds, to its advantage, and with restraint. (People's Daily, August 08, 2018)
  • Next generation of telecoms networks may be front line in China-US trade conflict
    Amid an escalating China-US economic conflict, a new study by consultancy Deloitte shows the US is being outspent by China in the race for the development of fifth-generation (5G) wireless communication. (People's Daily, August 7, 2018)
  • Chinese President Xi Jinping to visit Philippines as relations between two sides warm
    Chinese leader likely to visit by end of year as Rodrigo Duterte’s administration looks at ways of easing tensions over disputed South China Sea. (South China Morning Post, August 8, 2018)
  • Beijing hits back at new tariff
    Reciprocal 25% on $16b in goods to take effect as US levy begins.
  • China will impose a 25 percent tariff on $16 billion in imports of goods from the United States on Aug 23, the latest countermeasure to defend its legitimate interests and the multilateral trading system, the Ministry of Commerce announced late on August 7. (Peaple’s Daily, August 09, 2018)
Credit: Nabila Jaffer

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