2021-02-03 03:27:18 GMT2021-02-03 11:27:18(Beijing Time) Xinhua English
BEIJING, Feb. 2 (Xinhua) China is leading the global civil aviation industry in recovering from the impact of COVID-19. The nation s economic resilience and growth momentum continues to inspire confidence among multinationals in the aviation industry.
The COVID-19 pandemic hit the global economy hard in 2020. Thanks to effective control methods, China s economy has rebounded and it has quickly re-established domestic air travel. For multinational firms within the sector, this means continuity of business along the whole industrial chain, including plane manufacturers, parts suppliers and air-freight carriers.
All in all, multinationals operating in the sector are confident of China s response to the pandemic and the prospects for continued growth here.
settle the Boeing-Airbus dispute.
Daniel S. Hamilton is an Austrian Marshall Plan Foundation Distinguished Fellow and the director of the Global Europe programme at the Woodrow Wilson Center in Washington, DC.
This sixteen-year fight between the United States and Europe over subsidies to their respective domestic aerospace industries is jeopardizing thousands of jobs on both sides of the Atlantic at a time when the pandemic is wreaking havoc on the airline industry.
Duelling tariffs on additional industries are penalizing communities that have little to do with the aerospace industry. It is distracting Washington and European capitals from China’s far larger subsidy challenge.
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While the Trump Administration ended with a continuing flurry of activity affecting U.S. sanctions and export controls, with several actions affecting parties in China and Hong Kong, the Biden Administration is taking a slower approach to changes regarding a range of export control and economic sanctions measures.
Changes Introduced in the Waning Days of the Trump Administration
Among the last activities of the Trump Administration affecting economic sanctions and export controls were several additional designations of parties in China and Hong Kong. Six additional Hong Kong and Chinese officials were designated as Specially Designated Nationals and Blocked Persons (“SDNs”) on 15 January 2021 pursuant to Executive Order (“EO”) 13936. In addition, the U.S. Department of Commerce added China National Offshore Oil Corporation (CNOOC) to the Entity List and Chinese company Skyrizon to the Military End-User (MEU
The long-range wide-body aircraft, CR929, to be jointly developed by China and Russia, will kick off its manufacturing in 2021, said Yang Zhigang, general engineer of Commercial Aircraft Corporation of China Ltd (COMAC).
Xiaomi Blacklisted by the US Government
Recently, the US government announced that it has blacklisted Chinese electronics company Xiaomi. Why has the US government taken this action, what does this mean for Xiaomi, and how will it affect the electronics world?
US Government Blacklists Xiaomi
Recently, the US government under President Donald Trump announced that it has blacklisted the consumer electronics company Xiaomi. Like Huawei, Xiaomi will no longer be allowed access to US technologies, or the stock market, and all those who have stocks, shares, and securities in Xiaomi will need to divest these investments by November 2021.
Xiaomi is not the only company to have been blacklisted by the US government. Huawei has been blacklisted due to its potential ties with the military as well as China’s third-largest oil company and the state-owned Commercial Aircraft Corporation of China.