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Wall Street Journal (September 19)

2018/ 09/ 20 by jd in Global News

“If Mr. Trump wants to change Chinese behavior, he should first finish a new Nafta, drop his blunderbuss steel tariffs on allies, forget new auto tariffs, negotiate a zero tariff deal with Europe, and re-enter the Trans-Pacific Partnership.” Then he could “lead a coalition to confront Xi Jinping from a position of strength with targeted trade enforcement rather than scattershot tariffs. The real worry is that Mr. Trump supports tariffs for their own sake, and he may not want a China deal. With Donald Trump and trade, you never know.”

 

Straits Times (September 18)

2018/ 09/ 19 by jd in Global News

On Monday,  Donald Trump “effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another US$200 billion in US imports of Chinese goods.” Combined with previous tariffs, “this means roughly half of everything Americans buy from China…is now subject to punitive import duties. Whole industrial sectors stand to feel the effects, including agriculture, manufacturing, textiles and retail.”

 

LA Times (September 17)

2018/ 09/ 18 by jd in Global News

“A U.S.-China tariff war is sure to produce very real economic consequences, and political fallout, in both nations…. Whatever else one might think of President Trump’s actions, he is confronting China about its unfair trade practices and theft of American intellectual property when too many others shy away from the truth for fear of Chinese reprisal.”

 

The Economist (September 15)

2018/ 09/ 17 by jd in Global News

“Debt stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the countries in sub-Saharan Africa. The risk of a crisis is growing.”

 

Bloomberg (September 14)

2018/ 09/ 16 by jd in Global News

“A government campaign to slash the influence of China’s celebrities” will also hinder the industry’s ability to compete with Hollywood. “China’s filmmakers, already struggling, will have trouble competing at home, let alone abroad, if they’re forced to use dull, ideologically pure actors and storylines. If China really wants to challenge Hollywood on a global stage, it’s going to have to let its biggest stars shine.”

 

Reuters (September 11)

2018/ 09/ 12 by jd in Global News

Perhaps without realizing it, Donald Trump is playing a very “dangerous Asian game” His “clear tilt toward India will hardly halt Pakistan’s continued drift toward neighboring China and Russia…. Trump must recognize that getting his way across the subcontinent could bring down a fragile edifice, one that has been propped up by delicate presidential balancing acts since the days of the Truman administration.”

 

CBS News (September 7)

2018/ 09/ 08 by jd in Global News

“The Trump administration’s trade battles with China, Canada, Mexico and other countries around the world can feel like a bewildering descent into the obscure. But you don’t have to be an expert to grasp that, in the era of globalization, a trade war upends the way countries have operated for decades.”

 

Wired (August 26)

2018/ 08/ 28 by jd in Global News

In a remote location, China built the Five-Hundred-Meter Aperture Spherical Radio Telescope (FAST), the world’s largest. To reduce radio-frequency interference (RFI), China “forcibly relocated thousands of villagers who lived nearby, so their modern trappings wouldn’t interfere with the new prized instrument.” Once FAST was completed, the government then built up a tourist mecca “just a few miles from the displaced villagers’ demolished houses” and now “plans to increase the permanent population by hundreds of thousands…. potentially undercutting its own science in an attempt to promote it.”

 

Washington Post (August 21)

2018/ 08/ 23 by jd in Global News

“For foreign countries that have made big bets on Donald Trump’s presidency — such as Russia, China, North Korea and Saudi Arabia — the U.S. midterm elections pose a significant problem: Trump’s maneuvering room may be sharply limited if Democrats win control of the House.” The Republicans hold on power looks “so precarious, that foreign commentators are debating what GOP losses in November could mean.”

 

Bloomberg (August 10)

2018/ 08/ 12 by jd in Global News

“The slide in China’s currency paused this week after jawboning by the central bank,” but the rout may not be over. “The ripples of the yuan’s 4.7 percent drop this year may be just starting to spread to the country’s neighbors” such as Vietnam, where the “dong has been moving steadily closer to the edge of its 3 percent daily trading band against the dollar over the past two weeks, as traders bet on faster depreciation.” Moreover, Vietnam is only half caught up with the drop in China’s currency, “suggesting further depreciation is possible – particularly if the yuan resumes its decline.”

 

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