The Japanese government’s illegal purchase of China’s Diaoyu Islands is hurting trade between the two countries. A poll shows a large number of Japanese companies are paying the price. And the row is also hitting Japanese stock markets. Read Here – China Times
China and Japan’s worst diplomatic crisis since 2005 is putting at risk a trade relationship that’s tripled in the past decade to more than $340 billion. Toyota Motor Corp. (7203), Honda Motor Co. (7267) and Panasonic Corp. (6752) reported damage to their operations in China as thousands marched in more than a dozen cities yesterday after Japan last week said […]
The United States on Monday filed a broad trade case against China at the World Trade Organization, alleging unfair subsidies for exports of cars and auto parts. The case comes at a critical time in the United States presidential campaign, as auto manufacturing states in the upper Midwest like Michigan, Wisconsin and particularly Ohio have turned into crucial battlegrounds. But […]
JOHN DARWIN has spent his whole career thinking about Pax Britannica. Three years after his magisterial study, “The Empire Project: The Rise and Fall of the British World-System, 1830-1970”, the Oxford historian has returned yet again to the subject. This time, though, his focus is different and the period he covers is longer. His new book […]
A new free-trade agreement is under negotiation in the Asia-Pacific. If the talks are successful, the Trans-Pacific Strategic Economic Partnership Agreement (TPP) will bring closer together at least 11 economies in East Asia and the Americas. But it faces many hurdles, and raises broader geopolitical issues. For example, China, the world’s second-largest economy, is not part of […]
The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding decade unemployment had averaged 7.8 percent, as Australia struggled to develop tourism […]
…the rapidly developing China-DPRK economic relations have certain problems that need to be solved. Pyongyang has a trade deficit with Beijing and does not have enough foreign exchange reserves. Besides, its economy is anemic and has entered a vicious circle. The imbalance in China-DPRK trade is not only an impediment to DPRK’s development, but also has […]
“GOING OUT” is the name China calls its strategy to increase outward foreign direct investment (ODI—ie, not the FDI coming in), first proposed in 1999 and implemented in earnest five years later. From 2004 to 2011, China’s ODI grew from $5.5 billion to over $65 billion a year, and it is expected to reach $150 billion by […]
TRADE and growth go hand in hand. When the economic crisis first hit in 2008, world trade and growth collapsed together. In 2009 both recovered, and did reasonably well until this year, when both slipped again. Cutting tariffs and red tape would boost trade, and support the faltering recovery. This should spur efforts to replace […]
China tends to like Republicans in the White House because it’s clear what they want: free trade, low taxes and strong national security. Democrats are more capricious and delve into messy issues like human rights and the environment. In the case of Republican presidential nominee Mitt Romney, though, you would be forgiven for thinking officials in Beijing […]
