Published January 26, 2021, 8:00 AM
Global foreign direct investment (FDI) plunged by 42 percent in 2020 while China bucked the trend by becoming the world’s top recipient of investment flows.
“A return to positive gross domestic product growth and the government’s targeted investment facilitation program helped stabilize investment after the early lockdown,” said James Zhan, UNCTAD’s director of investment and enterprise.
A child views a light show at the Bund in Shanghai, east China, Nov. 4, 2020.
(Xinhua / Zhang Yuwei)
GENEVA, Jan. 24 (Xinhua) Global foreign direct investment (FDI) plunged by 42 percent in 2020, a new report by the United Nations Conference on Trade and Development (UNCTAD) showed on Sunday, while China bucked the trend becoming the world’s top recipient of investment flows.
OPINION / VIEWPOINT By Li Haidong Published: Jan 26, 2021 11:18 PM
An illustration shows vials of a COVID-19 vaccine and syringes with the logos of US pharmaceutical company Pfizer and German partner BioNTech. Photo: AFPThe COVID-19 pandemic continues to rage in Europe. European countries expect the large-scale vaccinations will help them curb the disease.
However, the US pharmaceutical firm Pfizer, the major provider of vaccine doses to the EU, recently announced it would slow down its deliveries to EU countries. Many leaders of EU countries have expressed their discontent toward Pfizer s delay.
According to Reuters, the Italian government on Monday sent a letter of formal notice to Pfizer calling on the drug company to respect its contractual commitments over its COVID-19 vaccine deliveries, the government special commissioner said.
Xi champions multilateralism at Davos, takes aim at US policies
Wang Cong Published: Jan 25, 2021 11:51 PM
Highlights of President Xi s speech at Davos Infographic: Xu Zihe/GT
Addressing the World Economic Forum on Monday night, Chinese President Xi Jinping delivered a stern repudiation of bullying tactics, ideological prejudice and hatred as well as economic decoupling and sanctions, which he warned could push the world into division and confrontation, and offered an inclusive multilateral approach that would guide the world out of darkness. Through the speech, China is also sounding the alarm and offering constructive suggestions for future China-US relations, Chinese observers noted.
The Chinese People s Liberation Army (PLA) on Saturday reportedly dispatched 13 warplanes including eight H-6K bombers to locations in the middle of the island of Taiwan and the Dongsha Islands in the South China Sea, as the US aircraft carrier USS Theodore Roosevelt entered the South China Sea from the south of Taiwan on the same day for
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On January 6, hundreds of protesters who had been at a rally of tens of thousands with then-President Donald Trump violently broke into the U.S. Capitol in Washington, D.C. Two died by violence, and three from medical emergencies. Since then, official Chinese media has been predictable in making false equivalencies between the U.S. incident and the storming of the Legislative Council (LegCo), Hong Kong’s legislature, on July 1, 2019.
Among the Chinese media outlets covering the event was the Global Times (GT). GT is a daily English-language tabloid newspaper under the management of the People’s Daily, the Chinese Communist Party’s (CCP) official Chinese-language mouthpiece. As such, in reading GT’s reporting as well as analysis, tone is as important as content. In the case of GT’s coverage of the January 6 incident, as well as its coverage since, which now includes the inauguration of Joe Biden as the United States’ 46th president, the tone is tinged wi