Japanese Prime Minister’s visit to China is expected to restart currency swap

Japanese Prime Minister visits China after a lapse of seven years. The two countries are expected to restart the currency swap agreement. China and Japan forty and not confuse to join hands in the third-party market In addition to the highly regarded third-party market cooperation, there will be a very broad space for cooperation between China and Japan in areas such as information technology, artificial intelligence, technological innovation, and response to the aging crisis. "The blue sky of Haneda Airport. I have not officially visited China for seven years. Although there are various problems, it is precisely because of this that the heads should be more open-minded and speak out frankly. This opportunity, I want to Japan-China relations have advanced to a new stage." At noon on the 25th local time, Japanese Prime Minister Shinzo Abe updated his Twitter before boarding. After more than two hours, Abe’s special plane landed…

China’s soybean trade: US soybean price advantage no longer exists

China's soybean trade pattern has changed significantly: the US soybean price advantage no longer exists In midsummer July, PeakPegasus, a bulk carrier carrying US soybeans, became a “net red”: In order to compete with China Customs’ counter-measures of 25% import tariffs, “Fei Mafeng” played a “life and death speed” in China’s Yellow Sea. ". On October 18th, more than three months later, the “Dragon Push 603” grain special barge loaded with thousands of tons of soybeans arrived in Fuyuan Port of Heilongjiang Province from the Russian Far East. This was the first time that Chinese enterprises planted non-GMO soybeans in Russia. The waterway is returned to China in large quantities. The same is the soybean ship that arrived in China. Why do you have this different fate? When China and the United States were in the midst of trade, ordinary soybeans became the protagonist of inciting huge economic benefits. This…

Trade Protectionism Kills the World

People's Daily: Trade Protectionism Kills the World Trade protectionism has long existed as an economic trend of thought and policy practice. Although there are different theoretical expressions and policy claims in different historical periods, the main thrust of the idea is to follow the same line, that is, to protect the economic interests of the country by restricting the participation of other countries' goods, services and related elements in the competition in the domestic market. Both theoretical analysis and practical experience show that trade protectionism does not bring much practical benefits to the countries that implement the policy. It is an economic trend of thought and policy practice that harms others and harms the world. Impede the improvement of production efficiency. Economic theory suggests that specialized producers will only emerge when the demand for a product or service is expanded to the point where professional production becomes necessary. If the…

Ministry of Commerce: Expecting Sino-US Ice Release

The Ministry of Commerce responds to Sino-US trade issues: I hope that China and the United States can open up the clouds At the regular press conference held by the Ministry of Commerce on the 18th, the spokesman of the Ministry of Commerce spoke on the question of "China's export growth to the US is higher than the same period last year", saying that the first three quarters of bilateral trade between China and the United States The situation is mainly influenced by the demand factors of the US market, which fully demonstrates that the economies of China and the United States are highly complementary, and Chinese products are still very popular among American consumers. At the same time, it does not rule out the factors that some US importers are accelerating their procurement in response to the US tariff increase measures. Gao said that the trade frictions provoked by…

The United States withdrew from the UPU, the reason for China…

Chinese People's Daily: According to Xinhua News Agency, the White House announced on the 17th that the United States will start the process of withdrawing from the Universal Postal Union. What is the organization of the Universal Postal Union? Why is the Trump administration going to quit? The reason is actually related to China. According to the US "New York Times" reported on the 17th, the US White House announced on the same day that the United States will start the process of withdrawing from the Universal Postal Union. A little different from the previous “retreat”, one of the main reasons why the United States plans to withdraw from the Universal Postal Union is that China can mail parcels to the United States at a lower rate within the framework of the organization. It is believed to have harmed US interests. China is a big e-commerce country. Today, with the…

China refutes the US’s so-called use of “debt diplomacy”

The Foreign Ministry refutes the so-called Chinese side's use of "debt diplomacy" to expand global influence A reporter asked: Not long ago, US leaders claimed that China is using "debt diplomacy" to expand its global influence. During his visit to Vietnam, the US Defense Minister stated that China has adopted "predatory economic behavior" and imposed huge debts that are difficult to repay on other small countries. What is China's comment? Lu said that in the face of a large number of facts and figures, the US has repeatedly fabricated lies and made irresponsible remarks out of its own political needs, which is very disappointing. Lu Wei pointed out that as everyone knows, insufficient capacity, lack of independent development capability, backward infrastructure, and financing difficulties are the bottlenecks that many underdeveloped countries generally face. China itself has faced the same problem for a long time, and it feels the same for…

Trade war: China’s development depends on the Chinese people’s own struggle

Wallace asked about the views of US Vice President Pence's hard-line speeches in China last week, including China's tariff policy against Republican voters, and Chinese media advertising in US newspapers for public opinion offensives, intended to influence US elections, and so on. Ambassador Cui pointed out that all the allegations against China in the speech are unfounded. Non-interference in internal affairs is one of the basic principles of Chinese diplomacy. The Chinese position is consistent and has maintained a very good record in adhering to this principle. As for any action taken by the Chinese side on tariffs, it is a response to the US’s strong tariffs on the Chinese side. If the US cancels, we will also cancel it. Therefore, this is a tariff on tariffs and not on others. The Chinese media has only borrowed the experience of the US media, and it is the usual practice of…