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
Bloomberg (December 21)
With China’s economy seemingly destined to become the world’s biggest, government missteps look increasingly likely to derail the benefits that would otherwise accrue. “Chief among these self-inflicted wounds would be closing the country to foreign investment, extending state control of the economy and adopting an adversarial relationship with neighboring nations. Ominously, the country seems to doing all of these now, to one extent on another.”
Tags: Adversarial, China, Derail, Economy, Foreign investment, Government, Missteps, World's biggest
The Economist (September 23)
“Tensions over China’s industrial might now threaten the architecture of the global economy. America’s trade representative this week called China an ‘unprecedented’ threat that cannot be tamed by existing trade rules. The European Union, worried by a spate of Chinese acquisitions, is drafting stricter rules on foreign investment. And, all the while, China’s strategy for modernising its economy is adding further strain.”
Tags: Acquisitions, China, EU, Foreign investment, Global economy, Strain, Tension, Threat, Trade rules, U.S.
Reuters (April 14)
“While individual companies are hesitant to criticize China for fear of backlash, critics from U.S. business groups accuse Beijing of unfairly subsidizing domestic firms and restricting foreign investment into much of the world’s second-biggest economy.” Meanwhile, U.S. business leaders may also be wary of offending President Trump even thought they are concerned given the “skin-deep results from Trump-Xi trade talks.”
Tags: Backlash, China, Critics, Economy, Foreign investment, Subsidies, Trade, Trump, U.S., Unfair, Xi
