Archives Economics - Page 5 of 24 - New Eastern Outlook
US-PRC relations: How do the countries maintain business contacts amid rising political tensions?
The fifth meeting of the US-China Financial Working Group (FWG) was held in Shanghai on 15-16 August. Against the backdrop of generally rising tensions in bilateral relations, such an event is truly significant for both countries. We decided to highlight this event because it is a symbol of the existence of a reasonable approach to maintaining business relations despite their constant escalation…
China’s Careful Navigation in the Middle East
For the past several years, the Middle East has been China’s key trading hub, not least because of more than 70 per cent of the oil that Beijing imports from here. Between 2017 and 2022, China’s bilateral trade with this region jumped from US$262 billion to US$507 billion. In 2022 alone, the region saw its trade with China jumping by more than 27 per cent. This was the largest increase in China’s trade compared with other regions, such as the ASEAN.
Inequality is a time bomb
According to the assessment of the OXFAM International Foundation, which deals with the social contradictions between rich and poor, the biggest and most dangerous topic for all mankind is the explosive growth of inequality. Evidence shows that today’s labour struggles in a wide range of countries, whatever their slogans, are ultimately attributable primarily to the widening income gap between rich and poor.
