Most experts note that countries that seek to localize production are faced with the question of how realistic it is to separate from the “world factory” of China.
China on Tuesday held the first International Seminar on Global Digital Governance in Beijing and proposed the "Global Initiative on Data Security" during the seminar, Xinhua reported.
Amid unfavorable economic and geopolitical factors (decline in global trade and investment, turbulence in the global financial market, de-globalization trends, growing protectionism, deterioration of relations with the United States), China has high hopes for domestic consumption to maintain stable growth national economy. Chinese President Xi Jinping said that domestic consumption will become "the alpha and omega of economic development in the future."
On 5 September, in Beijing, within the framework of the China International Trade Fair for Trade in Services 2020, the World Conference on Cooperation and Tourism Development, organized by the World Federation of Tourism Cities, will be held.
Life in many parts of China has become normal in recent weeks, Xinhua reported quoting U.S. media.
China has approved human trials for a new COVID-19 vaccine candidate, which was produced by the use of insect cells, Xinhua reported.
The Internet version of the leading Chinese newspaper People’s Daily reported that in the first seven months of 2020, the volume of non-financial direct investments of China in the countries participating in the Belt and Road Initiative (BRI) made up US$10,27 billion, which is 28.9 percent more compared to the same period of last year, Dunyo news agency reported.
The People’s Bank of China has published an annual report on the level of internationalization of the yuan (RMB) in the global monetary system. Noting the "steady" growth in the use of Chinese currency in international trade (despite the damage caused by the pandemic), the authors of the report provide the following details:
On 18 August, UN Secretary-General Antonio Guterres issued a warning, in which he indicated that the aggravation of the conflict between China and the United States is likely to divide the world into two parts.