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Second High level China-Eurasia Conference Took Place at Yerevan State University

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Yerevan State University, Yerevan, Armenia— The Second edition of the “Eurasian Research on Modern China and Eurasia” Conference was held on November 1-2, 2019. The conference was organized by “‘China-Eurasia’ Council for Political and Strategic Research” and Yerevan State University.

Mrs. Lena Nazaryan, Vice President of the National Assembly of Armenia, in her opening speech, has stated that Armenia gives an importance for strengthening its cooperation with China. She also mentioned that agreement on trade and economic cooperation between the Eurasian Economic Union and the PRC will provide an added impetus to develop economic relations in both bilateral and multilateral levels.

Ambassador Extraordinary and Plenipotentiary of the PRC to Armenia Mr. Tian Erlong noted; “I am very pleased to attend the “Eurasian Research on Modern China and Eurasia Conference” dedicated to the 70th anniversary of the founding of the PRC, which is organized by Yerevan State University and ‘China-Eurasia’ Council for Political and Strategic Research.” He added, that China and the World are experiencing unprecedented changes of the international pattern for the past 100 years. In response to various global issues and challenges and continuous improvement of global governance capabilities, China is willing to make efforts with countries all over the world, including the Eurasian region, adhering to the path of peaceful development, multilateralism, and to the strategy of mutual benefit, win-win and openness, against the hegemonism and power politics, to contribute in building a new type of international relations and community of human destiny.

In turn, Vice-Rector for International Cooperation and Public Relations of the Yerevan State University, Dr. Artur H. Israyelyan, said that deepening relations with China is one of the foreign policy priorities of Armenia. Yerevan aims to strengthen Armenia’s role in the Eurasian region by expanding relations also with China. He hoped that “Eurasian Research on Modern China and Eurasia” Conference will help in this work.

Director of “China-Eurasia” Council for Political and Strategic Research and founder of the “Eurasian Research on Modern China and Eurasia” Conference, mentioned that during the conference, which was organized by Yerevan State University and “China-Eurasia” Council for Political and Strategic Research the geopolitical, economic and security changes taking place in the Eurasian continent would be discussed. He added that the main aim of the conference is to focus on China’s pivot towards Eurasian continent through its Belt and Road initiative, the US pivot to the Asia-Pacific region, EAEU and EU integration projects in Eurasia etc. He stated that the Asia-pacific region stood the main center of economic developments of the world, it is already fact and all states must think about their own political and economic involvement with this region and of course, China, as a young superpower has its very important role here.

The following panels of the Conference followed the opening ceremony:

The first panel was “China, Eurasia and the New World Order”, where Prof. Dr. Heinz Gärtner(International Institute for Peace and University of Vienna, Chair of the Advisory Committee for Strategy and Security Policy of the Scientific Commission at the Austrian Armed Forces, Austria) delivered keynote speech on“Eurasia between Multipolarity and Multilateralism”. Prof. Dr. Süha Atatüre (Head of the Department of International Relations, Istanbul Gedik University, Turkey) joined the conference with the help of video call. His keynote speech was about “The Globalization, Our World and China Today”.Dr. Zheng Yuntian (Deputy Director of the World Socialism Institute, Renmin University of China, PRC)during his keynote speech told about the importance of building a Community with a shared future for mankind and the new international vision of the Chinese development model.Dr. Mher D. Sahakyan (Director, “China-Eurasia” Council for Political and Strategic Research) introduced his research on China’s national security and Belt and Road Initiative.

The second panel was named “China and the Global Leadership”, where Dr. Anahit Parzyan (“China-Eurasia” Council for Political and Strategic Research) spoke about China’s cyber policy and introduced Beijing’s capabilities for Global cyber leadership. In turn, Dr. Sudhir Kumar Singh (University of Delhi, India) delivered a speech on challenges and opportunities between triangle relations of ASEAN-China. Alexander Korolev (Deputy Head, Eurasian Sector, National Research University Higher School of Economics, Russia) introduced his research, which was called “EAEU-China: Connecting Eurasia”.This panel was chaired by Prof. Dr. Heinz Gärtner.

The third panel was focused on China’s Belt and Road initiative and the world. This Russian language panel started witha keynote speech by Prof. Dr. Konstantin Kurylev (RUDN University, Russia), which was about the features of implementation and development prospects of the Belt and Road Initiative.Konstantin Tasits (Russian Institute for Strategic Studies, Russia) continued the topic and spoke about China’s Policy in South Caucasus in the context of Belt and Road Initiative. Evelina Moravska (PhD Candidate, Jagiellonian University in Krakow, Poland) introduced her research on China’s policy in the region of Caspian Sea.This panel was chaired by Dr. Artur H. Israyelyan.

The fourth panel was dedicated to China’s policy in Western Balkans, during which Prof. Dr. Boris Vukićević (Vice-Rector, University of Montenegro, Montenegro) introduced China’s policy in the Western Balkans as anew player in the strategic game.The panel was chaired by Dr. Zheng Yuntian.

The second day of the “Eurasian Research on Modern China and Eurasia” conference started with the “China and Eurasia” panel.

Dr. Yu Tao (University of Western Australia, Australia) introduced his research on religions and China’s diplomatic endeavors in Eurasia (1979-2019). In turn, Yeghia Tashjian from American University of Beirut, Lebanon, dedicated his speech to China’s policy on Iranian nuclear issue and China’s Energy Security.Dr. Larisa Smirnova shared her thoughts about some differences between Russian and Chinese understanding of the meaning of “developing” and “developed” states during this panel.This panel was chaired by Dr. Varuzhan Geghamyan (Assistant Professor, Yerevan State University/ Director, ARDI Institute, Armenia). During this panel speakers, chair and attendees discussed alsothe meaning of “Eurasia” term from the different schools’ perspectives.

The next panel was called “China, Policy, Subcultures and Information”. This Russian language panel started with a keynote speech byDr. Hovhannes Sargsyan (Head, Department of Political Science, Russian-Armenian University, Armenia). His paper was dedicated to cultural and civilizational foundations of Chinese strategic culture. In turn, Dr. Nadezhda Kotelnikova (Volgograd State Pedagogical University, Russia) delivered speech on Chinese city subcultures in the context of urban communication studies. The next speaker was Michal Marek (PhD Candidate, Jagiellonian University in Krakow, Poland). He introduced his research on factors and events that shape the image of China in the Polish information space.Dr. Anton Evstratov (Russian-Armenian University, Armenia) spoke about China’s policy in the Central Asia. Andranik Hovhannisyan’s (Russian-Armenian University, Armenia) paper was titled “Russia and China ‘A New Big Game’ in the Central Asia”.Ruzanna Airapetova (PhD Student, Russian-Armenian University, Armenia) delivered a speech on public diplomacy of China and Armenia.This panel was chaired by Dr. Hovhannes Sargsyan.

The seven panel was dedicated to China’s role in Shanghai Cooperation organization and its relations with NATO. During this panel Slobodan Popovic (PhD Candidate, University of Belgrade, Serbia) spoke about geopolitical role of the Shanghai Cooperation Organization within the Belt and Road Initiative.Dr. Anna Zalinyan (Public Administration Academy of RA, Armenia) introduced her research on NATO-China Council relationship in political-military dimensions.Dr. Saren Abgaryan (Shanghai Jiatong University, PRC) changed the direction of the panel and introduced the new Foreign investment law of China from the viewpoint of foreign companies in China.The aforementioned panel was chaired by Dr. Anahit Parzyan.In the last panel thanks to technologies, by the help of video call Giulia Sciorati (University of Trento) raised and answered to the following question:“Is the Belt and Road Initiative under Siege?” In turn, Elisa Gambino (PhD Candidate, University of Edinburgh, Scotland, UK) introduced her research on Chinese participation in Kenyan Transport Infrastructure Projects.

During the conference an exhibition titled “Beautiful China” was also organized by the support of Embassy of the People’s Republic of China in Armenia. Speakers also visited the history museum of Yerevan State University.

Among honorable guests of the conference were senior councilor of the Embassy of Russian Federation in Armenia, Mr. Aleksander Ananev, Councilor of the PRC Embassy in Armenia Mr. Zhou Hongyou, Councilor of the Embassy of Kazakhstan in Armenia Miss. Asel Isimova, Ambassador Dr. Arman Navasardyan, Dr. Robert Ghazaryan (Vice Director, IOS, NAS), attachéof the Embassy of Russian Federation in Armenia, Mr. Dmitri Demkin  and other diplomats and scholars.

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Finance

4 Crucial Factors That Helps in Selecting the Ideal FX Expert Advisor

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The forex market is increasingly expanding at a rapid pace with millions of active traders executing trades daily. The use of advanced technology is also preferred among traders who are involved in active trading. As automation is slowly taking over most industries and businesses, the forex market is also noticing a rise in the use of FX expert advisors to execute a trade on behalf of an investor.

But even with the tons of perks that these FX EAs are capable of, you must consider certain factors before investing in one.

But before we jump into discussing the factors that indicate an EA’s reliability, let us get a clear understanding of what forex EAs are and how they work.

Explaining FX Expert Advisors

An EA is a software program that offers the benefit of automated trading to investors worldwide. A forex EA is responsible for identifying the best possible timings for opening a position with the help of certain in-built algorithms and indicators. As the market is active for 24-hours straight, using an EA will certainly be useful; it is immune to any emotional factors and can facilitate you to make high-profitable trades by identifying the ideal entry points.

Developed in MQL, an EA can operate on MetaTrader 4 or 5 and comes up with complex strategies of trading based on a certain mathematical pattern. The ways expert advisors tend to outperform manual trading practices involve their high-accuracy results along with faster data-processing technology which aids in better analysis.

Although being quite similar and often mistaken as the same, a forex EA slightly differs from a forex robot in terms of its functions. While forex robots can take care of executing a trade on behalf of you, and EA will simply advise you when to initiate a trade allowing you to have full control over initiating a trade.

Points to consider before investing in an EA

Investing in an expert advisor requires certain factors to keep in mind that will help you to maximize your success rate with the benefit of automation.

  1. Performing a thorough background check

The security factor should be on your priority list while opting for an expert advisor. Thorough research along with a complete background assessment is necessary to determine the authenticity of the EA. You can rely on reviews and testimonials of other users as well as checking the credentials of the vendor. Some factors that decide the genuineness of the EA include secure payment options, refund guarantees in case of false claims, transparent business practices, and development by trustworthy programmers.

  1. Conduct satisfactory research

It is common to come across many catchy claims of instant and guaranteed profit while opting for an EA. But these commercials fail to mention that expertise is the most critical asset you will need to succeed in this industry. You can immediately notice risk factors when anyone makes exaggerated and unreasonable statements if you have a good understanding of how the foreign exchange market works. While many appropriate automated trading systems are useful in leveraging your trading career, you may also come across many fraudulent scenarios in this industry. Thus only proper learning will provide you with the information you need to prevent being a target of these frauds.

  1. Get familiar with basic EA stats

Reliable expert advisors are generally introduced to the market after a long process of backtesting performed by the developers. While selecting an EA you will most likely come on certain statistics including the profit factor, drawdown and expected payoff that demonstrate its performanceAs an investor, you need to be knowledgeable about these stats, what they mean and how they can impact your trading style before finalizing an EA.

  1. Perform independent testing

The final step will always be to verify the capabilities of an expert advisor along with checking the backtested results. You can rely on a demo account or a trial version of that EA easily before making the final call.

Selecting the ideal forex EA can be challenging irrespective of the level of experience you have in this. However, following these tips as well as your experience can make this process easier and worthwhile.

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Environment

No pathway to reach the Paris Agreement’s 1.5˚C goal without the G20

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“The world urgently needs a clear and unambiguous commitment to the 1.5 degree goal of the Paris Agreement from all G20 nations”, António Guterres said on Sunday after the Group failed to agree on the wording of key climate change commitments during their recent Ministerial Meeting on Environment, Climate and Energy.

“There is no pathway to this goal without the leadership of the G20. This signal is desperately needed by the billions of people already on the frontlines of the climate crisis and by markets, investors and industry who require certainty that a net zero climate resilient future is inevitable”, the Secretary General urged in a statement.

The UN chief reminded that science indicates that to meet that ‘ambitious, yet achievable goal’, the world must achieve carbon neutrality before 2050 and cut dangerous greenhouse gas emissions by 45 % by 2030 from 2010 levels. “But we are way off track”, he warned.

The world needs the G20 to deliver

With less than 100 days left before the 2021 United Nations Climate Conference COP 26, a pivotal meeting that will be held in Glasgow at the end of October, António Guterres urged all G20 and other leaders to commit to net zero by mid-century, present more ambitious 2030 national climate plans and deliver on concrete policies and actions aligned with a net zero future.

These include no new coal after 2021, phasing out fossil fuel subsidies and agreeing to a minimum international carbon pricing floor as proposed by the International Monetary Fund (IMF).

“The G7 and other developed countries must also deliver on a credible solidarity package of support for developing countries including meeting the US$100 billion goal, increasing adaptation and resilience support to at least 50% of total climate finance and getting public and multilateral development banks to significantly align their climate portfolios to meet the needs of developing countries”, he highlighted.

The UN Chief informed that he intends to use the opportunity of the upcoming UN General Assembly high-level session to bring leaders together to reach a political understanding on these critical elements of the ‘package’ needed for Glasgow.

A setback for Glasgow

The G20 ministers, which met in Naples, Italy on July 23-25, couldn’t agree to a common language on two disputed issues related to phasing out coal and the 1.5-degree goal, which now will have to be discussed at the G20 summit in Rome in October, just one day before the COP 26 starts.

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Development

Economic Recovery Plans Essential to Delivering Inclusive and Green Growth

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EU member states must ensure careful and efficient implementation of economic recovery plans that support inclusion and growth to bounce back from the worst impacts of the COVID-19 pandemic, says a new World Bank report.  

The World Bank’s latest EU Regular Economic Report – entitledInclusive Growth at a Crossroads – finds that the unprecedented and exceptional policy response of governments and EU institutions has cushioned the worst impacts on employment and income. However, the pandemic has exposed and exacerbated deep-seated inequalities, halting progress in multiple areas including gender equality and income convergence across the EU member states. A further three to five million people in the EU today are estimated to be ‘at risk of poverty,’ based on national thresholds benchmarked before the crisis.

The report highlights that effective recovery programs can reinforce progress on the green and digital transitions underway across the region. With the crisis continuing to unfold, government support schemes and the rollout of vaccines in a timely manner will remain essential to bolstering the resilience of firms, workers, and households. Given the longevity of the crisis and the impact on the most vulnerable, many governments have opted to extend the duration of support throughout 2021.

“A green, digital and inclusive transition is possible if economic policy is increasingly geared towards reforms and investment in education, health and sustainable infrastructure,” said Gallina A. Vincelette, Director for the European Union Countries at the World Bank.

With an output contraction of 6.1 percent in 2020, the COVID-19 pandemic has triggered the sharpest peacetime recession in the EU. Governments will need to ensure targeted and active labor market policies are in place to support an inclusive recovery. The report highlights that special attention should be given to already vulnerable workers such as youth, the self-employed, and those in informal employment. These groups are more likely to face employment adjustments during the crisis and may face longer spells of unemployment or periods outside the labor force.

Women have been disproportionately impacted by work disruptions during the pandemic, particularly in the sectors facing the worst effects of the crisis. This was also highlighted in the 2020 Regular Economic Report produced by the World Bank, which found that at least one in five women will face difficulty returning to work compared to one in ten men. It has been harder for women to resume work due to the sectors and occupations that they are working in and because of the additional care burdens that have fallen disproportionately on their shoulders – a manifestation of increasing inequities in home environments.

“As recovery takes hold, it will be important for carefully targeted and coordinated policy support to continue to mitigate the impact of the crisis, with measures increasingly targeted towards vulnerable households and viable firms. Policy makers will also need to strike a balance between helping those that need it most, while enhancing the productivity of the economy and keeping debt at manageable levels,” added Vincelette.

World Bank’s Regional Action in Europe and Central Asia

To date, the World Bank has committed more than $1.7 billion to help emerging economies in Europe and Central Asia mitigate the impacts of COVID-19. Since April 2020, around $866 million has been approved through new emergency response (MPA/Vaccines) projects. In addition, up to $904 million is being reallocated, used, or made available from existing projects and lending, including additional financing, to help countries with their COVID-19 response.

The World Bank’s Global Economic Prospects suggests that growth will be strong but uneven in 2021. The global economy is set to expand 5.6 percent—its strongest post-recession pace in 80 years. The recovery largely reflects sharp rebounds in some major economies.

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