Left Review Online May 2, 2020
Editor's Note: This is part II of a multi-part series of the Global Times' investigation into the severity of unemployment issues in China in the wake of the COVID-19 epidemic and the newspaper's response to claims of some foreign media that social unrest in China might be imminent. Just...more
As more encouraging signs emerge that the Chinese economy is on a steady path to recovery, expectation is also rising for the world's second-largest economy and biggest growth driver to play a larger role in helping revive the global economy, which is expected to see the worst crisis...more
Editor's Note: In the epic global struggle to recover from the coronavirus crisis, many observers agree that in China, unemployment has become the most pressing issue - more pressing than a historic 6.8 percent contraction in GDP - that needs to be dealt with urgently as it pertains to...more
India's move to amend its foreign direct investment (FDI) rules, which is widely seen as targeting China, will weigh on the confidence and expansion of Chinese investors, who have been playing an active role in the Indian market from smartphone manufacturing and e-commerce to the fintech sector. The...more
As many in Wuhan, Central China's Hubei Province, are gradually returning to work after a lockdown due to the novel coronavirus epidemic, some are facing quite a predicament: They have no jobs to return to. That was on vivid display Monday, as job seekers in the city, undeterred...more
As is well known, countries liberated from colonial rule after the Second World War followed the road of relying on big and developed countries for their “aid” or copying their economic models. But the Democratic People’s Republic of Korea aspired after the construction of a self-supporting economy from...more
After weeks of chaotic responses by individual countries to the global coronavirus pandemic marked by various restrictions on travel and trade and even finger-pointing, major global powers are finally pushing for coordinated efforts to combat the common threat, injecting a desperately needed sense of direction and hope for...more
Growth figures for China's retail sales, industrial output and fixed-asset investment for January and February are expected to slow to an unprecedented low of only 3 percent, as measures to contain the new virus outbreak unavoidably battered the economy. Since the outbreak of the coronavirus, China used partial...more
Apparent reluctance among US officials to remove tariffs on China to help vast US businesses and consumers cope with the economic fallout of the coronavirus pandemic on concerns that such a move would benefit China more is misguided, and will undoubtedly cripple US firms at such a difficult...more
China' s annual exports of $100 billion worth of active pharmaceutical ingredients (API) to the US are encountering disruptions as the coronavirus assault continues, industry insiders said. The US Food and Drug Administration (FDA) issued a statement on Thursday, saying "a (US) manufacturer has alerted us to a...more
Beijing. Trade between China's Tibet Autonomous Region and Nepal is likely to tumble in the first quarter due to the impact of the deadly coronavirus, yet the previous booming trade will recover gradually as long as the epidemic subsides, local officials and business representatives told the Global Times...more
The 2020 Spring Festival might be the most difficult and unforgettable Chinese New Year since the launch of the reform and opening-up four decades ago. The whole country has spent this year's holiday as if it were wartime. Chinese decision-makers have used the word "war" to inspire people's...more
As the coronavirus outbreak has caused serious disruptions to the business and production plans of manufacturers in China, great uncertainty now hangs over the country's manufacturing sector. The effectiveness of the efforts to curb the spread of 2019-nCoV will, to a large extent, determine when manufacturers can resume...more
Beijing. Due to US obstruction, the Appellate Body of the World Trade Organization (WTOAB) will likely be unable to function on Wednesday. Normally consisting of seven judges, the WTOAB has been operating with only three judges, the bare minimum, since January 2018, and two of those judges will...more