Nearly two years ago on January 15, 2020, China signed what is termed “phase-one” agreement with the US in the hope of ending the 22-month-old US-initiated trade deadlock, defusing a costly trade war, giving relief to businesses and reassuring the global economy. Over the past two years, while China has been facing all kinds of headwinds […]
How China is preparing its economy for a future where the U.S. isn’t the center of global demand
China will likely become the world’s largest economy in a few years and it is preparing itself for major shifts in international trade. In a world rocked by the coronavirus pandemic and tensions with the U.S., the Chinese government has come out with yet another batch of policy terms to bolster its own economy, this time under the […]
Global CFOs now have a more positive economic outlook for China than the U.S., survey shows
Today the world’s leading chief financial officers have a more positive outlook for China’s economy than they do for the economy of the United States. The Q3 CNBC Global CFO Council Survey revealed on Friday. That is the first time in the survey’s history that this elite corps of executives were more upbeat on China. In […]
China boosts macroeconomic cooperation in ‘constructive’ trade talks with US
China said its lead negotiator raised stepping up coordination on macroeconomic policies with the US in a phone conversation between the two sides, as both said they were committed to making progress on their phase one trade deal. Chinese Vice-Premier Liu He spoke with US Trade… To read more: https://www.scmp.com/news/china/diplomacy/article/3098682/us-china-trade-talks-resume-phone-after-trump-ordered-delay SOURCE: SCMP
What to expect as China-US trade talks resume
The two economic superpowers have been embroiled in a trade war since 2018 that has damaged the world economy. In January both countries agreed to ease restrictions imposed on imported goods from each another. To read more: https://www.bbc.com/news/business-53761333 SOURCE: BBC
What does the US-China rift mean for the world?
Pic courtesy of Russia Today The rhetoric between the world’s two largest political powers — the United States (US) and China — has heated up. The trend began several years ago, during Barack Obama’s presidency. But it grew under Donald Trump’s tenure, and intensified following in the wake of the coronavirus pandemic. Chinese diplomats have […]
By needling 3 great powers simultaneously, China probably just punctured its own future
Great empires and countries often fall victim to hubris. The realisation that you are on top of things can sometimes make you act recklessly in conflict. The mighty Americans experienced this in Vietnam and a few decades before that Nazi Germany, tried to grab everything in Europe only to suffer the most humiliating of defeats. […]
Philippine President Rodrigo Duterte is pivoting away from US influence and towards China
When Japanese Prime Minister Shinzo Abe visited Rodrigo Duterte’s family home in Davao City last month, it was more than just the shared durian that suggested the Philippine president’s radical new “independent foreign policy” was bearing fruit. While the pair indulged in a day of dressed-down diplomacy – Abe in a white short-sleeved polo shirt, […]
India freaks out over U.S. plans to change high-skilled visas
Amid the hue and cry over President Trump’s travel ban, news of another potential change to American immigration rules has set off a panic attack in India’s tech industry. Major Indian tech shares took a nosedive on Tuesday on reports that Trump is planning to make changes to the H-1B visa program that allows skilled […]
