True, Treasury Secretary Steve Mnuchin effectively declared an end to the 24-year-old strong dollar policy in January 2018. The White House quickly backtracked as markets quaked. In 2019, expect a new currency push. One motivation: US growth is losing momentum. Trump is anxious to keep the key source of his legitimacy humming along. The bigger objective, though, is […]
Coming to the end of 2018, the atmosphere in the People’s Republic has become increasingly dominated by Xi’s presence and image. During the Forum for China African Cooperation in September, an already infamous cover of the official People’s Daily had Xi’s name in headlines almost 20 times on the front page. Read Here – WarOnTheRocks
President Donald Trump and Chinese President Xi Jinping agreed to a temporary trade ceasefire to allow time for more negotiations. The move means that U.S. tariffs on $200 billion worth of goods will not rise to 25 percent on Jan. 1, from 10 percent currently. As part of the deal, China agreed to buy “a very […]
After years of economic symbiosis in which the US purchased low-cost Chinese imports and China purchased US Treasuries, China has begun to pursue the prerogatives of a superpower, and the US has responded in kind. As a result, both countries are becoming more alike, particularly in their belief that there can be only one winner. […]
Trump, by standing firm in Argentina this weekend, can accelerate the trend of disengagement of the American and Chinese companies. Yet it is not only the American president who is pushing factories out of China. Xi Jinping is also helping the cause of disengagement by punishing American companies in China, turning Fortune 500 behemoths into […]
During its 40 years of reform, China has mastered learning by doing, engaged in bold policy experimentation, and become steadily more integrated into global economy. It will need to bring all of this experience to bear, as it attempts to avoid the pitfalls that could derail its effort to achieve high-income status. Read Here – […]
Chinese and American officials may have spent weeks preparing for the high-stakes summit between Xi Jinping and Donald Trump this weekend, but any hopes of resolving the current trade war may ultimately hinge on their personal chemistry. Their encounter in Buenos Aires on the sidelines of the G20 summit will be the first face-to-face meeting […]
Facing escalating geopolitical competition with the US, China is scrambling to win friends in East Asia. But while China’s neighbours will undoubtedly welcome any respite from Chinese belligerence, they will not be fooled by sweet talk – or even sweet trade deals. Read Here – Project Syndicate
The annual Asia-Pacific Economic Cooperation summit ended without agreement on a joint communique for the first time in its history as the escalating rivalry between the United States and China dominated proceedings. The impasse emerged a day after Chinese President Xi Jinping and the US Vice-President Mike Pence had blamed their rivals in the ongoing […]
Since Deng launched the opening-up policy in 1978, China has transformed itself from a backward, agrarian economy and politically isolated state into the world’s second-largest economy and an important player with global interests and influence. For instance, in the 30 years from 1949 to 1978, only 200,000 Chinese people travelled abroad. Last year alone, they […]
looking beyond borders 