China's competitiveness globally in new industrialization “is very high, otherwise, countries that can't compete wouldn't be erecting trade barriers that are basically admissions of defeat.” Harvey Dzodin of Center for China and Globalization and formerly an adviser to the Carter Administration told me.

😆trade barriers as admission of defeat. Tariff is for the loser in global competition.

China has colossally greater resouces to invest in innovation while U.S. takes priorities in inefficient health services and military spendings, 🤔 with Mr. John Ross, senior fellow of Chongyang Institute for Financial Studies at Renmin Univ. RDCY John Ross RenminUniversity

Watch: Following the #3rdplenum of 20th CPC Central Committee, explore the broad macroeconomic implications of China's #DeepeningReform policies for both China and the world, as well as the microeconomic effects on businesses engaging with China. x.com/i/broadcasts/1…

Foreign companies simply need to be there（in China） and be part of the game, or else you probably don't play a role in the industry going forward,🤔 Denis Depoux, global managing director of German Consultancy Roland Berger told me in an interview.

Visiting Italian PM Meloni 's decision to exit the #BRI created an 'earthquake,' and now she is trying to rebuild by 'building a small house', 😓 Prof Michele Geraci, fmr Undersecretary of State Former Under Secretary of State at the Italian Ministry of Economic Dev't told me in our show today.

The economic logic usually wins out in the end, as it has done for Italy🇮🇹 regarding China🇨🇳. But this is unlikely to be the case for the🇺🇸US, since its 'economics' depends on its domination of the world economy, and China is seen as a barrier to that.

Former minister Michele Geraci's on Meloni'a China trip: 1)She is trying to repair damage she herself created, having left #ViaDellaSeta a project dear to #Xi 2) The Italy-China relationship has gone back twenty years, as admitted by Meloni and the Farnesina themselves who only

#Italy, with its position in the #EU, can be a vital gateway for China to better explain its policies and foster a comprehensive environment between the two continents, said Italian energy giant ENI's EVP Mr. Giovanni on our show, commenting on Meloni's visit to China.

US Debt officially passed $35T. "Due to the explosion of fictitious capital markets over the past four decades, rising public and private credit has contributed to the hollowing out of American industry and the concentration of wealth and power," Warwick Powell | 鲍韶山 writes. Read:

Chinese athletes have been targeted for drug testing almost four times more than their rivals from other countries in the run-up to the Paris Olympics, reported by SCMP. Can't handle losing?

Why US Propaganda hates Foreign Travel Bloggers?

#E7 (the 7 emerging economies) have already surpassed the #G7 in terms of GDP, Sir Martin Sorrell, the founder and former CEO of WPP, told me. He added even without #China and the United States, the E6 is still larger than the G6. "We are seeing a major shift of trade pattern."

What's the point of conducting so many tests? Is it really scientific? It almost feels like a presumption of guilt, asking you to prove you are innocent endlessly.

It seems some U.S. politicians have truly lost their minds. When they can't win in the swimming pool, they try to muddy the waters instead. According to NPR, certain American lawmakers are pushing for a bill to cut the $3.7 million in funding to the World Anti-Doping Agency

CHINADA has issued a detailed critique of the U.S. Anti-Doping Agency (USADA) and it revealed a lot of interesting information. The statement follows reports about U.S. Olympic sprinter Erriyon Knighton testing positive for the steroid Trenbolone during an out-of-competition

JPMorgan now sees a 35 per cent chance that the US economy tips into a recession by the end of this year, up from 25 per cent as of the start of last month. The team kept the odds of a recession by the second half of 2025 at 45 per cent, reported by Bloomberg.

Honored to moderate the ADB's East Asia Forum 2024. Looking forward to continued collaboration between China and ADB in climate action, technological innovation, and knowledge sharing! Asian Development Bank