Page 27 - Chen Xia News Today

The probability of the US economy slipping into a recession in the next 12 months has hit 100 percent, according to the new Bloomberg Economics model projections released on Monday. The forecast is a sharp jump from the 65 percent probability in the previous update.

From laying off workers to expecting hundreds of millions of dollars in losses, global chipmakers, including those in the US, are starting to bear the brunt of the chaos caused by what has been described as the “harshest” US ban on chip technology to China.

As the war between Russia and Ukraine continues to escalate, the demon of nuclear weapons seems to be still hovering around the white house in Reykjavik as the 1986 summit, making strange noises.

It can’t be emphasized enough just how dangerous this makes the evolving dynamics in each half of Eurasia, brought about by the US’ unprovoked aggression against Russia and China.

Unless Washington changes its original intention and turns it into a real cooperation mechanism, it is impossible for other countries to take part in it.

The US and its Western allies will keep trying to draw India over to their side. Nevertheless, on many issues including the Russia-Ukraine conflict, India is sending a signal – if the US and the West continue to cast a cold eye to other countries’ national interests while asking them to take sides, they will end up in disappointment.

Leaders of the Group of Seven (G7) convened a virtual meeting on Tuesday on supporting Ukraine following the escalation of the Russia-Ukraine conflict. Chinese observers believe that the West, eyeing a prolonged proxy war to exhaust Russia, would continue to fan the flames by providing Ukraine with more weapons and should be blamed for the current rising tensions.

When a presidents repeated and consistent declared bellicose policies are deemed unofficial and the designation of

With winter approaching, the question of how to curb Europes soaring energy costs and set a price cap on gas imports to the region has been under the spotlight during a recent informal summit of EU leaders in Prague, an indication of the widening rift in terms of global gas prices between the US and the EU.

When Washington continued to escalate its suppression against China under the pretext of reviving its own semiconductor industry, instead of acquiring benefit, the US semiconductor industry had a nightmarish experience as some US high-tech companies share prices nearly halved. In the long run, Washingtons extreme export control toward China will be difficult to sustain because of the backlash against itself. We hope that such facts will wake up more Americans from frenzy from China and become ca...