Chinese President Xi Jinping announced plans on Tuesday to open up the Chinese economy, including lowering tariffs for autos and other products and enforcing the legal intellectual property of foreign firms. Xi’s comments come amid escalating trade tensions between China and the U.S. as the world’s two largest economies take turns announcing punitive trade measures against each other. Read Here – CNBC
As Cui, China’s man in Washington, suggests, Xi’s team is now “looking at all options.” While Trump doing his worst with tariffs is worrying, the idea of Xi pulling the plug on the dollar is positively terrifying. Trump must remember that even though he runs the biggest economy, Xi holds the deed. Read Here – […]
Over the past five decades or so, Asia’s economies have relied largely on an export-oriented development model to support rapid economic transformation and growth. But with US President Donald Trump fulfilling his promise to adopt a more protectionist approach to trade — an effort that could spur retaliatory measures by other countries — that model is […]
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 […]
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 […]
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 […]
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
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 […]
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. […]
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 […]
looking beyond borders 