Harry Wu, journalist for Southern Finance Omnimedia Corp (SFC)
At a time when the world economy is facing the challenge of protectionism, the openness and resilience of China's economy have injected a boost into the world.
“In terms of China's own position in the global economy, it's essential and absolutely critical,” Tim Wilkinson, ambassador at large and special envoy office of the President Patriotic Union of Kurdistan, Republic of Iraq, said in a Dialogue with SFC recently.
“China is a huge player in the global economy,” he added. “I would urge it to continue to do so, not to close the doors, continue to be open and seek opportunities in the international arena.”
When it comes to the U.S., Tim Wilkinson is concerned about the U.S. fiscal deficit. He said “America has a huge deficit. Trump needs to take on that challenge. Whether he's successful or not, time will tell.”
According to the U.S. Treasury Department, the U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, including a $307 billion February deficit for U.S. President Donald Trump's first full month in office that was up 4% from a year earlier.
