Historical photo collector Hsu Chung-mao recounts the details of the Doolittle Raid, named after US Lieutenant Colonel James Doolittle, which saw US and Chinese soldiers fighting together against the Japanese in their first and biggest joint action in WWII.
For over a century, China and the US have been in a tug-of-war of sorts, involving economics, geopolitics, culture and values. Historical photo collector Hsu Chung-mao sums up 100 years of friendship and rivalry between arguably the two most powerful countries in the world at the moment.
In a preliminary agreement, US officials will get their long-sought access to vet accounting companies based in mainland China and Hong Kong and review audit documents related to Chinese businesses. Will this stem the tide of Chinese companies being delisted from US stock exchanges?
Researcher Ding Ke believes that the Chinese government is making efforts in using innovation to drive further development of the country and avoid the middle-income trap. But this would prove difficult amid heightened China-US tensions and the trend of economic decoupling.
China-US cooperation in the finance sector is making headway after the announcement of the recent signing of an audit oversight cooperation agreement. While the general public opinion in China bears optimism for this development, some are still wary of the risks to national security. Zaobao correspondent Yu Zeyuan looks into the implications of the agreement.
Chinese academic Sun Peisong notes that renowned financier George Soros has always been critical of China’s social system. While "the man who broke the Bank of England" has a keen eye for finance, Sun feels that Soros’s criticism of China’s “closed society” sheds light on his penchant for globalisation and dated means of making the wealthy wealthier.
Before World War II, an unlikely alliance and friendship sprang up between China and Germany. As diplomatic ties warmed, Germany provided China with arms and equipment against the Japanese invasion. However, because China and the Soviet Union were military allies, Hitler drew closer to Japan, resulting in the subsequent deterioration of China-Germany relations, and the division of camps in WWII.
Mind games among the US, China, Russia and India may influence Sino-Indian engagement in the new year and beyond. China could move even closer to Russia in dealing with India, and the US could further call on India as a “major defence partner” in its intense competition with China. External factors aside, a peaceful and cooperative China-India future requires synchronised political will in their bilateral and global diplomacy. Key is unequal power and core interests as China and India each employ the diplomacy of smart power. Will an uneasy status quo be maintained in their long-unresolved boundary dispute, and will they find the impetus for collaboration in a post-Covid-19 order?
Chen Gang sees that rather than an end in itself, climate change can be a springboard for China and the US to deepen cooperation in other areas. This is by virtue of the fact that climate change is often intertwined with issues relating to the economy, trade and foreign policy. Facets of climate change cooperation will have spillover effects that could lead to tariff reductions, investments and greater technology collaborations.