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Wall Street Journal (January 3)

2024/ 01/ 04 by jd in Global News

“Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars…. The Chinese rival’s ascent in the global pecking order has put new pressure on Tesla at a time when the U.S. electric-car maker is already leaning on steep price cuts to juice its sales.”

 

Wall Street Journal (September 20)

2023/ 09/ 21 by jd in Global News

“China’s economic and technological strength dwarfs that of the Soviet Union during the Cold War. Since 1885 the U.S. has never faced a competitor or group of competitors with a gross domestic product greater than 40% of our own. China’s economy is likely at least 75% of ours. It also has a larger navy (even more so in its home waters) and a shipbuilding capability that far exceeds ours.”

 

BBC (July 5)

2023/ 07/ 06 by jd in Global News

“The world’s average temperature reached a new high on Monday 3 July, topping 17 degrees Celsius for the first time.” This marks “the highest in any instrumental record dating back to the end of the 19th century.” Scientists attribute the record high to “El Niño and mankind’s ongoing emissions of carbon dioxide.” With El Niño about to enter its hottest phase, “scientists believe that more records will be shattered as the summer goes on and El Niño gains strength.”

 

Financial Times (March 18)

2021/ 03/ 19 by jd in Global News

“A long-awaited showdown between Toshiba and its two largest investors has ended in embarrassment for the conglomerate and an unprecedented show of shareholder strength in Japan. The landmark vote in favour of a probe into Toshiba’s conduct follows five years of increasingly confident shareholder activism against the conservative bastion of corporate Japan.”

 

Reuters (July 17)

2018/ 07/ 18 by jd in Global News

Following the 1986 Iceland Summit between Ronald Reagan and Mikhail Gorbachev, the U.S. ultimately proved the victor. Three decades later, things look different. “Washington had another unparalleled opportunity,” but “the American president was outfoxed by a wily Russian leader playing from a position of unquestioned strength, toying with a deeply damaged counterpart.”

 

The Guardian (December 2)

2017/ 12/ 03 by jd in Global News

Though Prime Minister “Theresa May is reviled for her weakness,” no other “British prime minister has found the strength to condemn an American president as she condemned Donald Trump since the Anglo-American alliance began in the Second World War.” Nothing the previous Prime Minister’s “said matches the forcefulness of May’s out, loud and proud denunciation of Trump for sharing the ‘hateful narratives’ of British fascists.”

 

Forbes (February 10, 2014)

2014/ 02/ 10 by jd in Global News

“Beijing is becoming more dependent on the U.S. and the rest of the world for its strength and prosperity.” Though it may be the largest holder of U.S. Treasuries, this is not a sign of strength. “The idea that a government gains strength by piling up dollars or other foreign currencies is a mercantilist holdover from the 16th to 18th centuries, when France, Spain and others thought amassing gold and silver was how a country became wealthy. Trade, not hoarding, makes for a powerful economy.”

 

Euromoney (August Issue)

2013/ 08/ 13 by jd in Global News

“The value of mergers and acquisitions by Japanese companies of those in southeast Asia has reached $8.2 billion over this year to date, according to Dealogic, further demonstrating Japan’s relative strength on a regional and global basis. That makes Japan the highest single-country bidder for any southeast Asian companies.”

 

Economist (May 26)

2012/ 05/ 28 by jd in Global News

“Despite a recent slowdown, the world’s second-biggest economy is more resilient than its critics think.” China is not dependent on foreign borrowing, enjoys a high saving rate (51% of GDP), has highly liquid banks, and very low central government debt (25% of GDP). “China plainly has enough fiscal space to recapitalise any bank threatened with insolvency. That space also gives the government room to stimulate growth again, should exports to Europe fall off a cliff.”

 

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