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Trade & Investment

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Donald Trump should cancel China trade deal and raise tariffs


President Trump said last week that it may be better to wait until after his reelection to complete a trade deal with China. As a scheduled increase in tariffs on China approaches on December 15, Trump should stick with this instinct: he doesn’t need a deal and shouldn’t throw a lifeline to the Chinese Communist … Continue reading

Is it possible Trump is on the right track with China?


“Trump’s trade war is losing, not gaining, support,” Paul Krugman wrote this week in his column “Why Is Trump a Tariff Man?” So why does the president avoid making the deals that might end this perpetual state of economic uncertainty? In a word, freedom. “Tariffs let him exercise unconstrained power, rewarding his friends and punishing … Continue reading

Engage China, or confront it? What’s the right approach now?


Stephen K. Bannon, the former White House adviser, calls the United States’ relationship with China’s Communist Party an economic and information “war,” while Eric Schmidt, a Google founder, says American interests are entangled with China, our biggest competitor in the race for global technological dominance. The next phase of the relationship between the two countries … Continue reading

Trump says U.S. hasn’t yet agreed to roll back tariffs, despite China’s insistence that he has


President Donald Trump dealt a blow Friday to investors who were hoping the United States and China were inching closer toward a partial trade deal that would roll back billions in tariffs. Speaking to reporters, Trump said the US has yet to agree to wiping tariffs, undercutting a statement from China’s Commerce Ministry indicating openness … Continue reading

China casts doubt on reaching long-term trade deal with U.S. under Trump


Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement. In private conversations with visitors to Beijing and other interlocutors in recent weeks, Chinese officials have warned they won’t budge on the thorniest issues, according to people … Continue reading

‘I will not accept a bad deal’: Trump’s China trade rhetoric turns harsh at UN


U.S. President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations. Four days after deputy U.S. and Chinese negotiators held inconclusive talks in Washington, Trump’s remarks were anything but conciliatory and emphasized the need … Continue reading

China has already lost the trade war


China already lost in the trade war with the U.S. Although you will never hear Chinese authorities, especially President Xi Jinping, admit it as such, the evidence is everywhere and only becoming more compelling by the day. Reuters recently reported that based on the Chinese government’s own data, China’s economic slowdown has worsened in August, with “growth in industrial production is at … Continue reading

China cancels plans to visit with US farmers next week


China officials on Friday canceled plans to visit American farmers next week and were expected to cut short their trip to the US. Officials said they had to return to China earlier than planned and would no longer visit agricultural producers in the Midwest next week, according to the Montana Farm Bureau Federation and the … Continue reading

China’s economy is getting worse. That makes a trade deal more likely


China’s economic slowdown keeps getting worse. That could give the country incentive to repair its trading relationship with the United States and take more steps to stimulate its economy. The country released data Monday that showed industrial production — an important indicator for China’s economy — increased by just 4.4% in August compared to a … Continue reading

China excludes soybeans and pork from additional tariffs in a huge win for US in trade war


China just announced that it would not be adding additional tariffs to US agricultural goods such as soybeans and pork, marking a huge win for American farmers. The superpower said via the state-owned Xinhua news agency that it would be encouraging Chinese companies to purchase more American agricultural goods after Trump delayed tariffs by two … Continue reading

The Trump administration has reportedly discussed a China trade deal that would lift some tariffs


The Trump administration has reportedly discussed a plan to offer China a deal that would include a rollback of some tariffs, potentially defusing tensions in a more than yearlong trade war that has rattled the world’s largest economies. Bloomberg reported Thursday that under the agreement, the US would remove some of its punishing tariffs on … Continue reading

US companies leave China at a faster pace because of trade war


The American Chamber of Commerce in Shanghai said Wednesday U.S. companies are steering business away from China at an increasing rate amid the escalating trade war between Washington and Beijing. More than a quarter (26.5 percent) of the 333 respondents to AmCham’s annual survey said they have redirected investment away from China over the past year, … Continue reading

China has opened its market doors because they are desperate for overseas cash – be wary


China’s latest welcome to foreigners smells of desperation. Global funds no longer need quotas to buy Chinese stocks and bonds, the State Administration of Foreign Exchange said in a statement Tuesday. That removes a hurdle to foreign investment that’s been in place for almost two decades, since the nation first allowed access to its capital markets. Scrapping the … Continue reading

China has piled up nearly 100 tons of gold reserves to help buffer against the blows of Trump’s trade war


Gold has risen 18% since the start of the year, in part because China has been adding vast amounts of the metal to its reserves. Bloomberg, citing the People’s Bank of China, reported that the Asian superpower added over 94 tons of gold to its reserves since December, consistent with gold’s rise since the end … Continue reading

Chinese exports to the US tanked by 16% in August as Trump’s trade-war tariffs hit demand


China’s exports to America tanked 16% to $44.4 billion in August — a sharp acceleration from their 6.5% drop in July, Reuters said — as Donald Trump’s tariffs sapped demand for Chinese goods in their biggest foreign market. However, Chinese imports of US goods dropped by about 22% to $10.3 billion, official customs data showed. … Continue reading

China’s future in Africa


China has great goodwill in Zimbabwe, South Africa and other African countries. However, a spokesperson for the Chinese Foreign Minister may have jeopardised that by offering praise for the recently deceased Robert Mugabe. Mugabe had become as hated in Zimbabwe as Castro was in Cuba. Chinese investors in Zimbabwe or South Africa rely heavily on … Continue reading

A big mistake China’s political elite makes in fighting the trade war with U.S.


In fighting the US-China trade war, China’s political elite makes a big mistake: it assumes that China has achieved “power parity” with the US. That’s according to a recent article published in the September issue of Current History. It argues that the growing economic interdependence between the world’s two largest economies has given China the … Continue reading

Aides admit Trump was lying about those “phone calls” with China


At last week’s G7 summit in Biarritz, Donald Trump gave an entire network of world leaders whiplash when he declared, contrary to weeks of threats, that not only did the Chinese seem amenable to a trade deal, but that he’d actually heard from Beijing’s top officials that very week. “China called last night our top … Continue reading

Trump says China has blinked in trade war – talks on again


President Donald Trump said Monday that China called to say it wants to go back to the bargaining table and restart trade talks with the United States. Trump says Chinese officials called Washington to urge a return to negotiations after an impasse provoked stock market chaos last week, USA Today reported Monday. The president was … Continue reading

Everything that happened over the weekend with the US-China trade war


On Friday, before the U.S. stock markets opened, China’s Ministry of Finance announced on its website that it will apply new tariffs of between 5% and 10% on $75 billion worth of imported goods from the United States. U.S. President Donald Trump responded by raising rates on nearly all Chinese imports. Tensions stemming from the … Continue reading

Trump and Europe must make up and work together to confront China


The clear imperative for the Western world to come together and confront China’s rising internal repression and external economic aggression should have been enough to overshadow any differences between strained allies at this weekend’s Group of 7 meetings. But no such luck. The members of the G-7 — which includes the United States, France, Britain, … Continue reading

Trump stands firm on China trade war as G7 talks commence (video)


Manufacturing is moving out of China to avoid tariffs


Home Depot’s suppliers are trying to head off some of the increased costs from rising tariffs by moving at least some of their production out of China, executives told investors Tuesday. “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president … Continue reading

Southeast Asia overtook US as China’s 2nd major trade partner, and why it matters


“The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia…” reported by Nikkei Asian Review on July 13. “… Trade with the Association of Southeast Asian Nations grew … Continue reading

Africa News explains why Africa will choose Huawei


Africanews’ June 6 article “Why Africa will choose Beijing in ongoing US-China trade war” provides valuable information to support my May 22 comment here that Africans have a decisive role in shaping Huawei’s global future. “… Much of the continent’s telecommunications backbone has been built and is still being built by Huawei. Should Huawei get … Continue reading

China’s top negotiator underperformed his job in the China-US trade talk


Liu He, China’s Vice Premier and the top negotiator for the current China-US trade talk, did not do his job good enough as he either said too much yes during the face-to-face talks, or significantly underestimated the ultimate terms, including the last-minute requests, demanded by the Trump administration. As I said last year, Trump could … Continue reading

Ukraine’s Stepan Kubiv proposes a China-EU corridor via Ukraine


Stepan Kubiv, the First Deputy PM of Ukraine, while attending the Belt and Road Initiative forum in Beijing on April 25, “offered” to build a logistics corridor to link China and the EU through Ukraine. Just 4 days before this official ‘offer’, an actor (comedian) Volodymry Zelensky was elected as the next president of Ukraine. … Continue reading

Sino-American trade war – the dust has not yet settled


The headlines are full of news of a trade war between the United States and China. Every day you read or watch some news in order to fill the blanks in or to have some knowledge about current affairs. And you’ve probably heard by now that China and U.S have announced tariffs on many of … Continue reading

China is losing the trade war in nearly every way


China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable. The arrest of Huawei CFO Meng Wanzhou in Canada last month for breaking U.S. sanctions law, followed by the firing of … Continue reading

Harvard’s cry wolf: ‘The worrisome Saudi-China deal’


The Petrodollar is said to be under threat. The ‘Harvard Political Review’ published an article on Dec 18, saying that “China has taken steps to negotiate a potential economic deal that could harm United States’ economic, social, and political supremacy. The deal regards increased Chinese influence over oil and the petrodollar …” “…Recent conversations between … Continue reading

Egyptian oranges and the US-China trade war


A US Department of Agriculture’s Dec 15 report (EG/18031) states that ‘FAS Cairo forecasts a 5.1 percent increase in area planted and 9.6 percent increase in production based on growing demand for Egyptian oranges. Russia, Saudi Arabia, Netherlands and China will likely remain the top import destinations for Egyptian oranges …” Since 2-3 years ago, … Continue reading

The Soybean Trade Triangle: Argentina, China and U.S.


Do not get dizzy with this triangular trading game. Bloomberg reported on Nov 27 that “Argentina replaces China as (the) biggest US soybean buyer”, compared with “none in the same year-ago period, USDA data show …” On the other hand, “Argentina’s soybean exports will grow 15.4 million tonnes in the 2018-9 harvest season … That … Continue reading

Clause 32 of the USMCA is another big victory over China for Trump


The ‘Clause 32’ in the latest USMCA (US-Mexico-Canada Agreement) masterminded by President Trump, according to Neil MacDonald (a Canadian analyst), specifies that “… if Canada wants a trade deal with China, it has to notify the Americans about any negotiations, and tell them the substance of those negotiations, and submit the text of any deal, … Continue reading

China to build Kra Canal across Thailand to bypass Malacca Strait


According to The Diplomat’s article “Thailand’s Kra Canal: China’s Way Around the Malacca Strait” on April 6, the 200-year-old dream about the canal might finally become a reality under China’s Belt and Road. The article says, “Most recently, the Thai-Chinese Cultural and Economic Association and the European Association for Business and Commerce participated in a … Continue reading

Why riding camel on Mid-Autumn Festival holiday?


Today is the ‘Full Moon Day’ Aug 15 in the Chinese Lunar Calendar which is traditionally the Mid-Autumn Festival day. After dinner at night, people go outdoor walking around with lanterns, eat moon cakes while sitting on the grass, and most importantly enjoy the scenic full moon. In an agricultural society, it is the right … Continue reading

EU upsets China with new steel price investigation


The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe’s steel problems are due to the region’s own economic weakness. The European Commission has determined that a complaint brought by EU steel makers’ association Eurofer regarding certain corrosion resistant … Continue reading

China must get better on human rights before Canada will sign a trade deal


Canadian Prime Minister Justin Trudeau wants to establish closer relations with China but, citing human rights and governance concerns, won’t rush into a free trade agreement with the superpower. Trudeau, in an exclusive interview in Vancouver, struck a cautious tone when asked how he will proceed with one of his most delicate foreign policy challenges. … Continue reading

China pledges $60 billion in funding support to Africa


Chinese President Xi Jinping announced Friday that the country will pledge a new round of funding support to Africa‘s development, worth $60 billion. Analysts had wondered if the pace of Chinese investment in Africa would slow, particularly in infrastructure projects, because of the slowing growth of the Chinese economy. The announcement, however, seems to indicate … Continue reading

China keen to promote its idea for Asia-Pacific trade pact at Apec in Manila


Beijing will report back on a study for Free Trade Area of the Asia-Pacific just days after the release of details of a US-led agreement China will seek to push its own vision of an Asia-Pacific trade pact at a regional summit next week, senior officials said yesterday, just weeks after the release of a … Continue reading

China says it should join TPP, even though it wasn’t invited


China should join at an appropriate time the U.S.-backed regional trade accord the Trans-Pacific Partnership (TPP) as its broad aims are in line with China’s own economic reform agenda, an influential Communist Party newspaper said on Sunday. China is not among the 12 Pacific Rim countries who earlier this month agreed the trade pact, the … Continue reading

China’s ‘Silk Road’ initiative is at risk of failure


The Silk Road Initiative is the major project for Chinese President Xi Jinping. On every state visit and within every diplomatic forum, he has promoted his idea of “One Belt, One Road” (OBOR). Beijing wants to create China-centred infrastructure networks in order to expand its own economic and political influence in Eurasia. But the time … Continue reading

Chinese companies face culture shock in countries that aren’t like China


Faced with slower growth at home and rising labour costs, Chinese entrepreneurs are seeking foreign markets as never before. But as they rush abroad, they are grappling for the first time with unruly trade unions, independent courts and meddlesome journalists. And for many, navigating the unfamiliar waters of multiparty politics and confronting the power of … Continue reading

China concerned that India shows no clear interest in the New Silk Road initiative


The following is based on a translation of a report on a Chinese news site: A report on news.sohu.com expresses China‘s concern that India, the largest country in South Asia, still fails to show any clear interest in China’s Silk Road economic Belt and 21st century maritime Silk Road, despite China’s repeated invitations. The projects, … Continue reading

Why western companies fail in China


Many western companies try to expand their business to China’s nearly 700 million internet users. Some companies succeed and get tremendously rewarded, but many more fail. I previously wrote an article about what, as I see it, Chinese startups should change to perform better in Western markets. In this article, I will show the other … Continue reading

China announces strategically important Kra Isthmus Canal in Thailand


The following is based on a translation from Chinese media: A memorandum of cooperation among various enterprises on the construction of Kra Canal in Thailand has been signed in Guangzhou China. The canal, located at Kra Isthmus, will enable ships to bypass the Malacca Strait so as to shorten their voyage by 1,200 km. It … Continue reading

Construction of Pan-Asian railway in SE Asia restarts due to China’s Silk Road initiative


The following is based on a translation from Chinese media: CCTV says in its report today that there has been renewed effort by the Chinese government to restart the 10-year idle Pan-Asia Railway Network Agreement, thanks to China’s One Belt, One Road initiative. One Belt, One Road is a Chinese framework for organising multinational economic … Continue reading

Pakistan commits 10,000 military to protect Chinese workers, as China seeks to build direct path to Indian Ocean


The following is based on a translation of a report in Chinese media: Pakistan is regarded as a violent, lawless and run-down place with great risk of infiltration by Islamic extremists. It is in economic difficulties as few are willing to take a risk by investing in it. However, according to quanzhan.com’s report on April … Continue reading

EU cannot maintain protection against Chinese imports, as rules change in China’s favour


European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU’s own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beijing. In a draft letter seen by Reuters, the head of the European Commission’s Legal Service, … Continue reading

China and Africa forge new trade alliances on ancient routes


Africa Brings New Trade and Challenges to World Economies. China and India’s new-found interest in trade and investment with Africa—home to 300 million of the globe’s poorest people and the world’s most formidable development challenge—presents a significant opportunity for growth and integration of the Sub-Saharan continent into the global economy. These two emerging economic “giants” … Continue reading

China’s emerging cities offer a land of opportunities for foreign investors


While looking at the opportunities in the Chinese markets, many companies and observers are lately focusing on the so called “second-tier cities” that offer huge business chances compared to the traditional urban centres that drove the development in the last decades. 2014 was a great year for the Chinese economy: a slower but solid 7.4% … Continue reading

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