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Archive for the category “Global Economy”

Stuck In Trade War, US And China Face Uncertain Path To Deal

As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace. The United States insists that China abandon the brass-knuckles tactics it’s used to try to supplant America’s technological dominance. Yet Beijing isn’t about to drop its zeal to acquire the technology it sees as crucial to its prosperity.

Read Here | China Times

US Must Scrap Tariffs, End Restrictions On Chinese Tech, Wang Yi Says

Chinese Foreign Minister Wang Yi urged the United States to scrap tariffs on Chinese imports and remove restrictions on the tech sector, laying out conditions for restoring damaged China-US relations. Wang told a forum in Beijing that relations were at a critical point and the US must review its policy if ties were to be repaired after the damage of the former Donald Trump administration.

Read Here – South China Morning Post

Coming Soon: The Demise Of The U.S. Dollar?

There are many reasons to worry about the U.S. dollar’s underlying economic fundamentals. However, before despairing that America is well on the way to a dollar crisis a person might want to ask two questions. First, does the dollar have any serious rival to displace it as the world’s international reserve currency? Second, would the dollar not fare well in the event that today’s global everything asset and credit market bubble were to burst? 

Read Here | The National Interest

The Global Reach Of China’s Venture Capital

Chinese VC investment has been excluded from India but is growing in South and Southeast Asia. How is that remaking foreign startup ecosystems? …If the India case is any indication, emerging markets fuelled with China’s initial startup cash may soon develop the base to raise their own funds from U.S. or domestic investors who come knocking.

Read Here | The Diplomat

The Year Of The Renminbi?

After years of poor policy and political tumult in the United States, it is not unreasonable to ask whether China’s currency will soon be in a position to challenge the greenback. While neither country has been doing itself any favours in the currency pageant, it is worth remembering that history is not on America’s side.

Read Here | Project Syndicate

Why Europe and China Are Creating A Comprehensive Agreement On Investment

If ratified, then the CAI will be a de facto recognition that it is acceptable to conduct a wide range of business activity with a totalitarian communist government that has proven itself capable of violating human rights with exacting precision and no apology.

Read Here | The National Interest

Four Ways Biden Can Boost The Global Economy

The US is nowhere near as economically dominant as it was even a decade ago. Yet President-elect Joe Biden can take several relatively simple steps that would have far-reaching benefits for the US economy, the American people, and the rest of the world.

Read Here | Project Syndicate

China Kicks Off Antitrust Probes Into Alibaba Over Alleged Monopolistic Practices

China’s antitrust regulator has officially started investigations into Alibaba Group Holding over alleged monopolistic business practices including a requirement for e-commerce merchants to pick only one platform as their exclusive distribution channel.

Read Here | South China Morning Post

Reclaiming Our World Post-2020

As 2020 draws to a close, many of us cannot wait for this annus horribilis to end. And for good reason: this year has seen more than a million and a half COVID-19 deaths; an economic collapse far greater than that of the 2008 financial crisis; a boiling-over of resentment against decades of racial and social injustice; record numbers of wildfires decimating millions of acres of pristine forests; and locust plagues of Biblical proportions.

Read Here | IMF Blog

Global Markets Are Partying Like It Is 2008 (But A Crash Is Coming)

After the 2008 U.S. housing and credit market crisis, Chuck Prince, the former Citibank CEO, explained his bank’s speculative activity during the bubble by noting that when the music is playing you have to dance. Today, with the world’s major central banks continuing to supply the markets with ample liquidity, there can be little doubt that the music is blaring and the markets are dancing.

Read Here | The National Interest

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