Quantitative easing (QE) has painted the Fed into a corner by keeping stock, bond and real estate prices inflated for over a decade that any attempt to cool the economy and address inflation will have negative consequences for financial markets.
For the international community, the AUKUS submarine deal sets a very dangerous precedent. Once this Pandora’s box is opened, it will seriously impact regional and global peace and security.
At a time when geopolitical friction and deglobalization are making a lot of noise, China, guided by its open development concept, stands by a multilateral trade regime—i.e., the true definition of an opening-up policy.
The U.S. has devoted a lot of resources to foreign wars over the past 20 years. Just think about its invasion of Afghanistan or the proxy wars it launched in Libya and Syria, or its deep involvement in the ongoing Ukraine crisis.
The vision of common, cooperative, comprehensive and sustainable security should be advocated. A balanced, effective and lasting global and regional security structure requires a global partnership.
The modernization of China’s economy, whether in infrastructure, technology or culture, has always gone hand in hand with international cooperation and peaceful integration for the benefit of both China and the international community.
While the annual GDP target is an appropriate growth pace required to stabilize expectations and economic expansion, the Chinese economy intends to continue its focus on high-quality development.
The reality is that the Chinese Government intends to not only meet the people’s demand for a better life in terms of material possessions but also their requirements for a cleaner environment.
Unless Washington changes direction no amount of guardrails will prevent the China-U.S. relationship from spiraling into conflict.
If it turns out that the U.S. did indeed play a part in the pipeline breaks, then its European allies will have to ask themselves: As far as the U.S. is concerned, are we allies or pawns?
As 2023 gets into full swing, both China and the EU seem determined to seize the opportunities at hand.
The National People’s Congress (NPC) deputies serve as a link connecting government and public.
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