by Summary:
Officials at the Office of the US Trade Representative were quoted as saying the proposal identified products which “benefit from Chinese industrial policies, including Made in China 2025.” According to research from investment bank Natixis, released Wednesday, more than two thirds of the items targeted by the tariffs are listed in the Made in China 2025 strategy, which outlines how China intends to move up the economic value chain by investing in strategic technologies. China’s plan to become a dominant player in industries such as semiconductor manufacturing and artificial intelligence goes to the heart of the vision leaders in Beijing have laid out. That is why, economist Alicia Garcia Herrero and Gary Ng write in the Natixis report, Beijing is willing to strike hard, even at the
Topics:
Mike Norman considers the following as important: economic warfare, trade war
This could be interesting, too:
Officials at the Office of the US Trade Representative were quoted as saying the proposal identified products which “benefit from Chinese industrial policies, including Made in China 2025.” According to research from investment bank Natixis, released Wednesday, more than two thirds of the items targeted by the tariffs are listed in the Made in China 2025 strategy, which outlines how China intends to move up the economic value chain by investing in strategic technologies. China’s plan to become a dominant player in industries such as semiconductor manufacturing and artificial intelligence goes to the heart of the vision leaders in Beijing have laid out. That is why, economist Alicia Garcia Herrero and Gary Ng write in the Natixis report, Beijing is willing to strike hard, even at the
Topics:
Mike Norman considers the following as important: economic warfare, trade war
This could be interesting, too:
Stavros Mavroudeas writes S.Mavroudeas’ interview in News of PRESS TV (11-7-2020) on the trade war
Mike Norman writes Sputnik — Senior White House Officials Agree to Cut Huawei From Global Chip Supply – Report
Mike Norman writes CNN — Fiona Hill Says Putin Has America ‘Exactly Where He Wants Us’
Mike Norman writes There Was No Housing Bubble and Everyone Agrees We Have to Crack Down On China’s Practices on Intellectual Property — Dean Baker
Officials at the Office of the US Trade Representative were quoted as saying the proposal identified products which “benefit from Chinese industrial policies, including Made in China 2025.” According to research from investment bank Natixis, released Wednesday, more than two thirds of the items targeted by the tariffs are listed in the Made in China 2025 strategy, which outlines how China intends to move up the economic value chain by investing in strategic technologies. China’s plan to become a dominant player in industries such as semiconductor manufacturing and artificial intelligence goes to the heart of the vision leaders in Beijing have laid out.
That is why, economist Alicia Garcia Herrero and Gary Ng write in the Natixis report, Beijing is willing to strike hard, even at the risk of collateral damage at home.
“The second round of retaliation shows that China has switched to measures that could hurt itself or both sides. The reason probably is that too much is at stake, namely, China’s ability to compete with the US as it moves up the technological ladder,” the economists write....
The real reason behind US trade policy toward China. Economic warfare to maintain and extend American global hegemony. Same as sanctions on Russia. The Empire views itself as threatened.
The first shots of WWIII have already been fired. Future historians will debate whether the beginning was the US bombing of Serbia under Bill Clinton or the US reaction to 9/11. Jimmy Carter's arming of the jihadis in Afghanistan in order to sabotage the USSR as Brzezinski advised will also be included as a factor.
In any case, this war is already in progress and go hot at any moment.
Asia Times
Stakes sky high as US tries to keep China from moving up the ladder
Chris Scott