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foreign policy and global economy

Archive for the tag “trade”

Don’t Push Us, China Says To Trump’s Demand For US$100 Billion Cut In The Sino-US Trade Gap

Beijing underscored its determination to protect its interests after Washington demanded a US$100 billion cut in China’s trade surplus with the United States.  Chinese foreign ministry spokesman Lu Kang said that the two countries should resolve their disputes through talks, since a trade war would not benefit either country. China would protect its legitimate rights if “something happens we don’t want to see”, he said.

Read Here – South China Morning Post


How China Interferes In Australia

Australia is the canary in the coal mine of Chinese Communist Party interference. Over the past 18 months, the country has been shaken by allegations of the Chinese party-state working to covertly manipulate the Australian political system and curate the wider political landscape. There are claims of Beijing-linked political donors buying access and influence, universities being co-opted as “propaganda vehicles,” and Australian-funded scientific research being diverted to aid the modernisation of the People’s Liberation Army (PLA).

Read Here – Foreign Affairs

A Trade War On The Poor

Last week, President Donald Trump’s announcement that he would be slapping steep tariffs on imported steel and aluminium set off fears of a global trade war. But in reality, the international trading system has been unraveling for some time. After taking a quick glance at the World Trade Organization today, one might be excused for believing that it is a dead man walking.

Read Here – Foreign Affairs

Is America Getting Ready To Rejoin The TPP?

The United States has thrown a spanner into the works of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor multilateral trade agreement to the once US-backed TPP. The liberalising pact is expected to be formally signed this week without America.

Read Here – The National Interest

Globalisation Has Created A Chinese Monster

Confidence in globalisation saw massive amounts of Western capital and intellectual property flow to emerging markets, above all to China. But few in the West registered the geopolitical significance of this at the time. Instead, they praised the economic growth story. And not without good reason: the integration of China into global markets lifted a billion people out of poverty. It remains a testament to the material benefits of removing geopolitical obstructions from the development of global business.

Read Here – Foreign Policy

Xi Jinping May Turn To Top Ally To Handle US Pressure

Perhaps the clearest indication that the CCP is troubled by a confrontational United States is the imminent appointment of a veteran troubleshooter to a new post. Wang Qishan, the top ally of Chinese President Xi Jinping and former anti-corruption chief, looks set to become China’s next vice president and the point person for Sino-U.S. relations. Wang could also end up as a deputy leader in the CCP’s National Security Commission.

Read Here – The Diplomat

Emerging Asia Risks Never Growing Rich

This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly. Yet even putting this week’s global stock market wobble to one side, such bullish projections do not tell the whole story.

Read Here – Nikkei Asian Review

How Djibouti Became China’s Gateway To Africa

Djibouti, one of Africa’s smallest countries, has become China’s “strategic partner.” The Chinese have built a military base and a port, and is currently constructing a free trade zone, fast establishing it as Beijing’s gateway to the continent.

Read Here – Der Spiegel

Here Is The International Economic Policy Trump Wants

As so often with the Trump administration, it’s easy to get bogged down in the contradictory, unusual or flat-out salacious headlines. Solar panels! Washington machines! Den of the globalizers! No female CEOs! But Trump’s first trade week of 2018, which began with the imposition of retaliatory tariffs and ended with him giving a speech in Davos, did yield the outline of an international economic policy. It has two elements which have appeared consistently across Administration policy actions, even as they may seem to be in tension with each other. One is don’t spook the [Wall Street] horses; the other, pivot away from multilateral economic governance.

Read Here – The National Interest

What A US-China Trade War Would Look Like

What’s clear is that almost overnight the US has transformed from a pre-eminent advocate of free trade into a protectionist villain in the eyes of both friends and foes. The bigger threat, however, is trade war turning into hot war, as the nationalist fervour extinguishes the fruits of globalisation.

Read Here – Al Jazeera

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