Foreign Affairs (March 25)
“Washington may have forged the open, liberal rules-based order, but China has defined its next phase: protectionism, subsidization, restrictions on foreign investment, and industrial policy. To argue that the United States must reassert its leadership to preserve the rules-based system it established is to miss the point. China’s nationalist state capitalism now dominates the international economic order. Washington is already living in Beijing’s world.”
Tags: China, Economic order, Foreign investment, Industrial policy. U.S., Leadership, Liberal, Nationalist, Open, Protectionism, Restrictions, Rules-based order, State capitalism, Subsidization, Washington
Time (March 24)
“The unveiling of DeepSeek R1, China’s most advanced AI model to date, signals a dangerous inflection point in the global AI race.” It should be “a wake-up call for American leadership. What’s at stake isn’t merely economic competitiveness but also the most geopolitically precarious technology since the nuclear age.”
Tags: Advanced, AI model, China, Dangerous, DeepSeek R1, Economic competitiveness, Global AI race, Inflection point, Leadership, Nuclear age, Precarious, Technology, U.S., Unveiling, Wake-up call
Wall Street Journal (March 21)
“At this point you have to ask: Is China’s economy real anymore?” While recent “economic news out of Beijing sounds so good,” it is driven by non-sustainable “subsidies for upgrades of business and household equipment.” Mr. Xi has fallen “back on the export dependence that so irritates trading partners while leaving China’s economy as vulnerable as ever to foreign protectionism.”
Tags: Beijing, Business, China, Economy, Equipment, Export dependence, Household, Irritates, Protectionism, Subsidies, Sustainable, Trading partners, Upgrades, Vulnerable, Xi
Reuters (March 10)
“Wall Street futures sank and the safe-haven yen and Swiss franc strengthened early on Monday as building deflationary pressures in China added to growth worries from a fading U.S. economy and an escalating global trade war.”
Tags: China, Deflationary pressures, Economy, Escalating, Fading, Futures, Global trade war, Growth, Safe haven, Strengthened, Swiss franc, U.S., Wall Street, Worries, Yen
Financial Times (March 4)
“Washington’s greatest miscalculation may not be underestimating China’s chipmaking capabilities, but rather overlooking the forces that drive technological progress. History has shown that every industrial power that has tried to suppress a rival’s technological rise has, at best, delayed it — and at worst, accelerated it. Chips are no exception. The chip war is far from over, but in the long run, the US may have ensured that it is a war China cannot lose.”
Tags: Accelerated, Capabilities, China, Chip war, Chipmaking, Delayed, History, Industrial power, Miscalculation, Overlooking, Rival, Suppress, Technological progress, Underestimating, Washington
Bloomberg (March 4)
A roller coaster day left the S&P 500 Index ”at its lowest level since Nov. 4, the day before Trump was elected…. The dizzying ride provided a preview of the difficulties facing investors, who now must figure out how to price American assets in what essentially amounts to a new world order created by Trump’s tariffs on China, Canada and Mexico.” The volatility and steep decline are “a comeuppance for those on Wall Street who bet big on Donald Trump’s election win, trades that powered the equity market higher along with the dollar and Treasury yields. The bet that Trump wouldn’t do anything to disturb the stock market rally has, for now, been lost.”
Tags: Assets, Canada, China, Comeuppance, Dizzying, Dollar, Investors, Mexico, New world order, S&P 500, Stock market, Tariffs, Treasury yields, Trump, Volatility, Wall Street
South China Morning Post (February 24)
“South Korea is lagging behind or matching China in ‘basic competency’ in five areas of semiconductor technology, including memory chips and artificial intelligence (AI) chips, according to a report released last week by the Korea Institute of Science & Technology Evaluation and Planning.” China has now “surpassed South Korea to rank second in memory chip technologies” and “is now only behind the US in this field.” All of this comes despite “US restrictions on the country’s access to advanced chips and chipmaking technologies.”
Tags: Access, Advanced, AI, China, Chips, Competency, Lagging, Memory, Restrictions, Semiconductor technology, South Korea, Surpassed, U.S.
South China Morning Post (February 11)
“China has long held ambitions of turning global aviation into an ‘ABC’ market: breaking the duopoly of Airbus and Boeing with the entry of world-class Chinese jets. That strategy is already well under way, with the state-owned Commercial Aircraft Corporation of China (Comac) having already received orders for hundreds of its regional and narrowbody planes.” Its ambitions to develop a world-class jumbo jet, however, “may hinge on cooperation from Western regulators and suppliers.”
Tags: ‘ABC’ market, Airbus, Ambitions, Aviation, Boeing, China, Comac, Global, Jets, Jumbo jet, Narrowbody, Planes, Regional, Regulators, Suppliers
Barron’s (February 6)
“Of all Trump’s potential trade war targets, Mexico is by far the most vulnerable, with exports to the U.S. close to a quarter of gross domestic product. China’s figure is less than 3%.” But Mexican President Claudia Sheinbaum, a relative political novice, “taught a master class on how to play a weak hand.” She “deftly handled Donald Trump” while maintaining approval (at nearly 80%) at home.
Tags: Approval, China, Deftly, Exports, GDP, Mexico, Novice, Sheinbaum, Trade war, Trump, U.S., Vulnerable
Reuters (February 4)
“Japan’s exports of agricultural, forestry and fishery products rose 3.7% to a record high in 2024, despite China’s ban on seafood imports following Tokyo Electric Power’s discharge from the Fukushima nuclear power plant.” These exports reached 1.507 trillion yen ($9.7 billion) last year, up nearly from 1.5 trillion yen from 2023. “Exports to China plunged 29.1% to 168.1 billion yen in 2024, but exports to the United States rose 17.8% to 242.9 billion yen, making the U.S. Japan’s top export destination for the first time in 20 years.”
Tags: 2024, 3.7%, Agricultural, Ban, China, Exports, Fishery, Forestry, Fukushima, Imports, Japan, Record high, Seafood, Tepco, U.S.
