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While the West has become critical of China’s efforts in promoting the green energy sector, there is also a growing awareness that it needs to take action and invest more money and resources in clean energy.
If the 21st Century Peace through Strength Act, which would empower the US executive branch to seize and transfer frozen Russian assets held in the country to Ukraine, ultimately becomes law and goes into effect, it will set a disastrous precedent against the existing international financial order.
With German Chancellor Olaf Scholz about to embark on his second official visit to China, renewed excitement has been sparked for the potential of enhanced economic and trade collaboration between China and Germany.
While Yellen again explicitly stated that the US doesn’t seek to decouple from China, the tough message she conveyed during the visit inevitably raised global concerns over a potential green trade war.
For generations, weddings in China, as in many cultures around the world, have been lavish affairs. They served not only as a celebration of union but also as a display of family status and prosperity.