Door will only open wider to foreign companies: FM (Global Times)

China’s Foreign Ministry on Monday denied allegations that the Chinese government has threatened to retaliate against companies from the US and the UK over their decisions to cut supplies to Chinese telecom company Huawei, saying that China’s door will open only wider to foreign businesses.

Banning Huawei may jeopardize Africa’s digital future (Global Times)

A ban on buying telecoms equipment from Chinese firms would add about $62 billion to the cost of 5G networks in Europe, according to a Reuters report. For the US and European countries, launching a technological cold war and blacklisting Huawei may only hurt profits, but for Africa, such a move may impoverish the continent for a much longer time.

By Li Qingqing

China’s future rests in its people’s resolve (Global Times)

I am a very ordinary Chinese. Although I am the editor-in-chief of a market-oriented newspaper, I am not an “official,” but a workman who writes articles and produces a bunch of audio-video products every day. Colleagues know that I am a typical manual worker who often struggles to read the manuscript when tired after doing the last audio in the middle of the night.

By Hu Xijin

Trade war will deepen mainland-HK economic link (Global Times)

Vietnam is likely to be the biggest winner from the shift in supply chains caused by the trade war between China and the US. The reorganization of the Asian industrial chain provides Hong Kong with an opportunity to renew its role as a middleman to the Chinese mainland’s economy.

By Hu Weijia

US may escalate trade war in six ways (Global Times)

First, let’s take a look at the “superficial” reasons behind China’s trade war with the US. There was no mention of “superficial” when I talked about the trade war last year, but it now seems necessary to put it into context. There are three superficial reasons why the US is launching a trade war with China. First, China has a large trade surplus with the US. Second, China hasn’t honored its WTO commitments. Third, China has gained US technologies through unfair means. These are major complaints filed by the US.

Envoy says US set to paralyze INSTEX to thwart European diplomacy (IRNA)

Iranian ambassador to the UK Hamid Baeidinejad warned on Tuesday that US will paralyze the Instrument in Support of Trade Exchanges (INSTEX) by adopting counter-measures in a bid to thwart the EU diplomacy.


Envoy: Over 500 Iran exports goods to Eurasia enjoying preferential tariff (IRNA)

Iranian Ambassador to Moscow referred to ratification of agreement on creating free trade zone between Iran and Eurasian Economic Union in Iran parliament, saying over 500 exports goods to Eurasia are enjoying preferential or zero tariff.