Reuters (September 25)
“Hopes that the People’s Republic would step up to be the leader in battling global warming… appeared to take a hit when Xi said the country would cut its emissions by a measly 7% to 10%. But this looks like a clear case of consciously underpromising in order to overdeliver.” China is likely to “breeze past its target. Hitting Xi’s 2035 goal of 3,600 gigawatts of solar and wind capacity would, for example, mean adding just 200 GW a year. That’s 44% lower than the 360 GW installed in 2024.” The publicly stated “climate goal also downplays the role electric and hybrid vehicles already play” with plans “that new energy vehicles would be mainstream in a decade, yet they already make up around half of all new car sales.”
Tags: 2035 goal, China, Climate goal, Downplays, Emissions, Global warming, HEVs, Hopes, Leader, Mainstream, Overdeliver, Solar, Target, Underpromising, Wind, Xi
Bloomberg (May 12)
“Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader…. The Trump administration’s retreat from sky-high tariffs wouldn’t have occurred if China hadn’t responded so forcefully, not only with retaliatory duties but also export controls and other steps.”
Tags: China, Decision, Duties, Export controls, Forcefully, Leader, Responded, Retaliatory, Retreat, Sky-high tariffs, Trump, U.S., Xi
Wall Street Journal (March 5)
“It is the end of the Chinese growth miracle as we know it, and Chinese leader Xi Jinping seems fine with that. The question now is whether he can steer the country onto a new course— and keep the rest of China on board.”
The Guardian (October 23)
“As the leader enters his third term, there are increasing signs that the country is turning inwards, replacing the outside world with cyber ‘reality.’” It looks like “the China of the 2020s may be considerably less open than the one we have known for some four decades from the 1980s to 2020.”
Tags: 2020s, China, Cyber ‘reality’, Inwards, Leader, Open, Outside world, Signs
Financial Times (September 5)
Prime Minister Yoshihide Suga has “lacked distinctive policies of his own or an independent political base. Going forward, “Japan needs a different kind of leader.” The next leader “requires communication skills and a compelling programme.”
Tags: Communication, Different, Distinctive, Independent, Japan, Leader, Policies, Political base, Prime minister, Skills, Suga
New York Times (August 28)
“Under Xi Jinping, the Communist Party’s most powerful leader since Mao, China has taken a hard ideological turn against unfettered private enterprise. It has set out a series of strictures against “disorderly” corporate expansion. No longer will titans of industry be permitted to march out of step with the party’s priorities and dictates.”
Tags: China, Communist, Corporate expansion, Dictates, Disorderly, Ideological, Industry, Leader, Mao, Powerful, Private enterprise, Strictures, Unfettered, Xi
The Economist (August 14)
Japan’s “financial heft in South-East Asia” is vastly understated. It still ranks as the biggest “investor in the region’s infrastructure projects.” While “China’s financial reach overseas attracts enormous attention, when it comes to infrastructure in South-East Asia, Japan is still very much the leader…. In total, it has $259bn invested in unfinished projects in Indonesia, Malaysia, the Philippines, Thailand and Vietnam…compared with China’s $157bn.”
Tags: China, Financial heft, Indonesia, Infrastructure projects, Investor, Japan, Leader, Malaysia, Overseas, South-east Asia, Thailand, the Philippines, Vietnam
Bloomberg (May 29)
The Asia-Pacific region “has gone from leader to laggard.” Until recently, APAC fared remarkably well at averting the worst of the pandemic. Now, in contrast, as “New York and London reopen, Singapore and Taipei are in semi-lockdown. Melbourne joined them this week. On May 24, the U.S. State Department added Japan to its ‘Level 4: Do Not Travel’ advisory list.” The “failure to get shots into arms fast enough has in some cases triggered swift and unexpected reversals of fortune that carry significant economic implications.”
Tags: APAC, Economic implications, Japan, Laggard, Leader, Lockdown, London, Melbourne, New York, Pandemic, Reopen, Reversals, Singapore, Taipei, U.S.
Financial Times (April 19)
“India’s currency has swung from emerging market leader to laggard as the country battles a ferocious wave of coronavirus infections, prompting concerns among global investors that a nascent economic recovery will crumble.” During Q1, the rupee was “the only emerging market currency to gain ground on the dollar.” Since April, it has plummeted 3%, “the worst performance” of its peers.
Tags: Coronavirus, Currency, Dollar, Economic recovery, Emerging market, Ferocious, India, Infections, Investors, Laggard, Leader, Nascent, Rupee, Worst
Financial Times (January 19)
From the beginning, Donald Trump was clearly a “grave threat…. He lacked any of the qualities required in the leader of a great republic. But, it turned out, he had the redeeming flaw of gross incompetence.” America has survived this wrenching, “near-death experience,” but “Donald Trump was just a symptom and the US is still in danger from those who peddle lies in place of truth.”
Tags: Danger, Grave threat, Incompetence, Leader, Lies, Near-death, Republic, Symptom, Trump, Truth, U.S., Wrenching
