Tag Archives: Sino-American rivalry

The standard account of China’s economic rise focuses on its state capitalism, whereby the government, endowed with huge assets, can pursue a wide-ranging industrial policy and intervene to mitigate risks. This explanation is wrong.… Project SyndicateThe Real Reason for China’s Rise Zhang Jun | Dean of the School of Economics at Fudan University and Director of the China Center for Economic Studies, a Shanghai-based think-tank

Basically, what he’s trying to do is blame China and blame foreigners for the fact that a lot of Americans are really hurting. They’re not doing better. They’re not earning enough to break even. They’re going further into debt. But Trump is really saying that it’s not our fault. It’s China’s fault. Don’t blame the financial mismanagement. Don’t blame the corporations. Blame China. He pretends that they’ll pay instead of Americans. But when you levy a tariff, import prices are going to go...

China remains committed to its 40-year-old process of reform and opening up. But following through on this commitment will require China's leaders to find ways to manage escalating tensions with the US and avoid a costly – and potentially devastating – reconfiguration of the global economy.... Project SyndicateThe Next Phase of Trump’s Trade War with ChinaYu Yongding | former president of the China Society of World Economics and director of the Institute of World Economics and Politics at...

The trade imbalance part is relatively easy to tackle if China adopts an ‘open wallet’ approach to buy more from the US and resort to the ‘soybean strategy’ (commitment to purchase US agricultural products.) But then, how far this helps the US to tackle its multilateral trade problem is a different matter. (The US ran trade deficit with 102 countries in 2018.) Fundamentally, the problem lies in the US economy’s widening federal deficit over the next decade. In sum, tariff war with China can...

In an interview, European Trade Commissioner Cecilia Malmström discusses what the tariff dispute between the United States and China means for European companies and consumers and why President Trump's strategy could end with the "law of the jungle."... Spiegel OnlineEU Commissioner on the U.S.-China Trade War: 'Our List of Countermeasures Is Ready' Peter Müller and Christian Reiermann interview European Trade Commissioner Cecilia Malmström See alsoTASSGerman companies plan to invest...

More geopolitics and geostrategy, and how it impacts finance and economics. The danger here is that POTUS and US hardliners see this as a zero-sum game. This greatly increases the chance that it will lead to kinetic warfare on a grander scale. The US is already deep into deploying economic, information, and cyberwarfare against a number of countries, and positioning for kinetic warfare. The situation now is increasingly hair-trigger.Zero HedgeRabobank: Trump-Xi Meeting Is Not About...

No way this is comparable to Japan. It amounts to adding apples and oranges. The differences outweigh the similarities.  China is not Japan, just as Iran is not Afghanistan, Iraq, Syria, or Libya. There's a big difference in opening a can of worms and opening Pandora's box. The result so far has been to drive China and Russia closer together, which is a strategic nightmare for the US since this is the only existential military threat the US faces. That was a strategic blunder that...

By attempting to "get tough" with China, US President Donald Trump's administration is highlighting the extent to which America's star has fallen this century. If the US ever wants to reclaim the standing it once had in the world, it must become the country it would have been if Al Gore had won the 2000 presidential election.... GOP smackdown. Project SyndicateWhat to Do About China?Brad DeLong | Professor of Economics, UCAL Berkeley

David P. Goldman puts some numbers on it.Asia TimesWashington is wrong about China’s economy David P. Goldman puts some numbers on it.See alsoGold, Goats 'n GunsWhat’s the Plan Mr. Tariff Man? Tom Luongo See also Tom DispatchTomgram: Michael Klare, Fighting the Next War, Not the LastSee alsoNEONew US Ambassador to Uzbekistan – You Just don’t Wanna Know Martin BergerSee alsoThe Vineyard of the SakerSpecial China SITREP & Analysis Larchmonter445See alsoFortuneChina Is Creating A...

Is the Trump administration's policy toward China having the opposite effect and strengthening the hardline opposition and increasing populist nationalism, as well as preventing a mutually satisfactory solution in that any solution acceptable to the US would be seen in China as an unthinkable humiliation and loss of face? How not to negotiate 101? Which is unfortunately why it is now seems hard to be optimistic about the politics on either side. What seems to be happening is not only a...