By GT staff reporters August 16, 2024
While the US has ramped up efforts to discredit Chinese athletes with doping allegations, a media investigation report revealed on Saturday that a deeply entrenched doping industry has taken root in the US over recent decades, from athletes to coaches and agents, and from pharmaceutical companies to government...more
While aiming to expedite the reshoring of chip manufacturing, the US subsidy policy has actually exacerbated bubbles in the chip industry, causing turmoil in global financial markets. The US Commerce Department said on Tuesday that it plans to award SK Hynix up to $450 million in grants and...more
While economic indicators and recent turmoil in financial markets may not technically constitute clear signs of a recession, risks in the US economy and its financial markets are building up. These risk factors pose a threat to its own financial stability and that of the world from multiple...more
Editor's Note: The escalation of recent tensions between China and the Philippines raises concerns among neighboring countries in the South China Sea. How will the Philippines' provocations, instigated and supported by the US, affect the situation in the South China Sea in the rest of 2024? Why does...more
"America first" is no longer a tenable business strategy in earth mineral rich Global South countries. Amid a notable dip in approval ratings and open hostilities, it has not been the best of times for the US' exploitative agenda in Africa and, the larger Global South. The US,...more
A reported US proposal to ban Chinese software in autonomous and connected vehicles in the coming weeks would only harm the sector's global development, Chinese observers said on Monday. They urged the US to seek win-win cooperation with China rather than bearing the potential development losses by suppressing...more
As Pan Zhanle miraculously, yet unsurprisingly, surpassed the French swimmer alongside him in the final 50 meters and touched the wall first, China's swim team secured the gold medal in the men's 4x100m medley relay. The achievement upended the US's streak of winning gold in the event for...more
Recently, the US deployed the Typhon Mid-range Capability (MRC) missile system in the Philippines, and announced its decision to deploy land-based intermediate-range missile in Europe. This marks a substantial step forward taken by the US on deployment of land-based intermediate-range missiles since its withdrawal from the Intermediate-Range Nuclear...more
The ominous clouds looming over the US economy are growing darker, resulting in a significant drop in the stock market on Friday. Is there a storm on the horizon? US hiring slowed to 114,000 jobs in July, the US government said on Friday, missing expectations. The unemployment rate...more
Editor's Note: With NATO's continuous expansion, it is evolving from a regional security alliance into a global organization. The alliance, which celebrated its 75th anniversary with a summit in Washington recently, has played a major role in exacerbating the Russia-Ukraine crisis. As the crisis has been in its...more
Editor's Note: This year marks the 75th anniversary of the founding of NATO. The Washington Summit Declaration issued at the NATO summit was filled with Cold War mentality and bellicose rhetoric, which will exacerbate the tense situation in the Asia-Pacific region. Global Times (GT) talked to Jeffrey Sachs...more
Despite challenges posed by Washington's increasing protectionism, China's shipbuilding industry has already established a strong foundation for sustainable growth. This suggests that, despite obstacles and competition, the growth momentum of Chinese manufacturing will not be fundamentally hindered. China CSSC Holdings Ltd's first-half net profit is expected to soar...more
China on Saturday lodged solemn representations with the US after President Joe Biden signed a Xizang-related bill into law on Friday local time, with multiple government authorities in China issuing statements firmly condemning the US. The Chinese Foreign Ministry said on Saturday that the so-called “Tibet bill” violated...more
After China released an investigation report on Volt Typhoon, the US, in order to cover up the evidence, instructed related companies to change the content of report they released previously, completely disregarding the traces left during the operation. This shows that the US side is at its wits'...more
Given the huge impact of the previous China-US trade war on American farmers, concerns over a new trade war seems to have haunted the market sentiment these days. Regardless of the outcome of the US election, the stance of Chinese soybean importers toward the US' trade war with...more