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2021-04-09 02:35:31 GMT2021-04-09 10:35:31(Beijing Time) Xinhua English by Xinhua writers Yang Shilong, Hu Yousong WASHINGTON, April 9 (Xinhua) The United States and China need to continue to play ping pong with each other and invest more in the foundation of their consequential bilateral relationship, a leading U.S. expert on China has said. Talking about the Ping-Pong Diplomacy that helped break the ice between China and the United States, and referring to it as one of the powerful breakthroughs in the early 1970s, Daniel B. Wright, founder, president and CEO of GreenPoint Group said in a recent interview with Xinhua that both sides have benefited from that vision as a way to pierce through the wall by playing ping pong together. ....
U.S., China need to continue to 'play ping pong' with each other: expert ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.
What Does a Rising China Mean for the U.S. and the World? dartmouth.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dartmouth.edu Daily Mail and Mail on Sunday newspapers.
China s official app for digital yuan is seen on a mobile phone placed in front of an image of the Chinese flag, in this illustration picture taken October 16, 2020. REUTERS/Florence Lo/Illustration Chinese officials have made it no secret that their greatly accelerated efforts at introducing and distributing the digital yuan are an opening move in their long-term strategy to undermine the dollar’s global supremacy and expand their influence. Despite that, leading US financial officials have rolled their eyes at any suggestion that deeper dangers lurk for the dollar, and thus also for US national security, in the global digital currency race. Even as China marches forward and bitcoin’s market value reaches one trillion dollars, the US Federal Reserve had been in no hurry to be a contestant. ....
The Mount Washington Hotel in Bretton Woods, New Hampshire. (Reuters/Brian Snyder) Throughout history, international orders have been constructed, contested, upended and dismantled. The current international order goes back to the end of World War II. The period before between the two world wars and including the Great Depression that resulted after the 1929 stock market crash had already proven that a multilateral scheme based on a gold exchange standard was not optimal (or even possible, given that gold reserves were primarily held in the central banks of a few states), and, ultimately, it was unfit to respond to a global financial crisis. ....