RIGHT BG
Thursday's open trial of Sun Zhengcai on bribery charges demonstrates the resolve of the Communist Party of China (CPC), said an editorial to be carried by the People's Daily Friday.
Any trade war between the United States and China is worrisome, but if it escalated and tariffs imposed, "it will hit Washington particularly hard," said a former business leader in the U.S. west Pacific state of Washington on Wednesday.
Trade frictions between the United States and China will damage confidence in the multilateral trading system and the non-economic part of the bilateral relationship, said Lee Hsien Loong, Prime Minister of Singapore.
Chinese President Xi Jinping's latest pledge of further opening-up made at Asia's top economic forum has offered a much-needed boost to global confidence in building an open, all-win world economy.
U.S. President Donald Trump's administration lacks a "coherent strategy" in tackling trade differences with its largest trading partner China, a former senior U.S. official has said.
Chinese President Xi Jinping's speech at the Boao Forum for Asia confirming the country will open up further indicates the country will bring more dividends to the world via this policy, according to a post on the National Bureau of Statistics website Thursday.
The world is seeing a tug-of-war between openness and protectionism, as countries like the United States build high trade "walls" of steep tariffs.
The liberalization of China's financial service industry and capital market will draw more investment from overseas institutional investors and will help boost the global profile of the Chinese currency, international financial experts said on Wednesday.
Liu Xiaoming, the Chinese ambassador to the United Kingdom, on Wednesday published a signed article in a major British newspaper, saying that "the United States has announced successive protectionist tariffs pursuant to its domestic law, forcing China to take counter-measures."
When Beijing decided in 1978 to open its doors to the wider world, perhaps few both in and outside the country then had the foresight to envision China's phenomenal economic rise.
