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looking beyond borders

foreign policy and global economy

Archive for the tag “trade”

China’s Third-Quarter Growth Rate Slows More Than Expected As Economy Feels Trade War Impact

China’s economy grew at a slower quarterly pace than expected, expanding 6.5 per cent in the three months ended September, as the country’s trade war with the US exacted a toll on exporters and manufacturers. The quarterly growth pace lagged the 6.6 per cent expected in a Bloomberg poll of economists, and was slower than the 6.7 per cent clip in the second quarter, according to data released by the National Bureau of Statistics in Beijing.

Read Here – South China Morning Post

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If The U.S. Doesn’t Control Corporate Power, China Will

As the consensus in D.C. shifts toward taking on an increasingly aggressive China, ideas about how corporations relate to the state will also have to change—or else undermine their new stated national framework.

Read Here – Foreign Policy

Mike Pompeo Trip A Chance To Ease Tensions As China-US Ties ‘Near Rock Bottom’

US Secretary of State Mike Pompeo’s visit to Beijing next week will be a chance to de-escalate tensions between the two sides that have spilled over from trade to security, and North Korea will also be a priority, according to analysts. Pompeo will go to Beijing on Monday after he travels to Tokyo, Pyongyang and Seoul.

Read Here – South China Morning Post

Asia’s Strongmen And Their Weak Economies

Many people seem to believe that authoritarian rulers deliver better economic results. And yet, with the possible exception of China’s Xi Jinping, Asia’s autocrats, from India to the Philippines, are presiding over increasingly fragile states and even more vulnerable economies.

Read Here – Project Syndicate

After The Trade War, US-China Relations Will Not Be The Same Again

“A glass is easily broken, but difficult to repair,” Chinese Foreign Minister Wang Yi said last week in New York, in reference to the current state of China-US relations. But, even if present differences can ultimately be resolved, there’s no going back to how things were. The glass may not yet have shattered, but it is cracked. 

Read Here – South China Morning Post

The China Backlash

The fact is that China has grown strong and rich by flouting international trade rules. But now its chickens are coming home to roost, with a growing number of countries imposing antidumping or punitive duties on Chinese goods. And as countries worry about China bending them to its will by luring them into debt traps, it is no longer smooth sailing for the BRI.

Read Here – Project Syndicate

The Restructuring Of The World

The global economy is undergoing a far-reaching transformation. Change is being driven by shifts in countries’ populations, productivity, wealth, power, and ambitions, and accelerated by US President Donald Trump’s moves to reshape supply-chain structures, alter cross-border investment incentives, and limit the movement of people and technology across borders.

Read Here – Project Syndicate

Donald Trump Issues A Scathing Rejection Of ‘Globalism’

“We reject the ideology of globalism” in favor of the “ideology of patriotism.” So spoke the American president from the pulpit, in the high church of the first ideology, before a congregation nominally convened in a spirit of global cooperation. Ahead of his address at the annual gathering of the United Nations General Assembly, the buzz around the building was not about whether the world would witness a confrontational Donald Trump, but rather about who specifically the president would single out for attack.

Read Here – The Atlantic

Also Read: The World Just Laughed at Donald Trump

China And America May Be Forging A New Economic Order

As the U.S.-China competition expands across multiple domains, there are even worries that trade tensions could, over the long term, make the prospect of a military confrontation between the two more likely. Which raises the urgent question: How does this end?

Read Here – The Atlantic

The Global Trade System Could Break Down

Because the World Trade Organization tends to operate beneath the surface of the global rules-based trading system, it is easy for people to forget the indispensable role that it plays. But now that the Trump administration is waging a quiet war on the institution, the international community must stop taking it for granted.

Read Here – Project Syndicate

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