Tag Archives: China

‘Make Trade, Not War’ is China’s daring plan in the Middle East

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“From the United States’ point of view, the National Security Strategy document highlighted how China and Russia are trying to shape a new geopolitical environment in the region, which contrasts sharply from Washington’s aims and interests.  It pointed out that while Russia is trying to advance its position as the leading political and military power broker, China is pushing ahead with a ‘win, win’ economic policy.”

Read more: http://www.atimes.com/article/make-trade-not-war-chinas-daring-plan-middle-east/

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Pentagon Unveils Pivot From War On Terror To New Cold War

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“The strategy, the first such document to be issued by the Pentagon in roughly a decade, represented an historic shift from the ostensible justification for US global militarism for nearly two decades: the so-called war on terrorism.  ‘Great power competition—not terrorism—is now the primary focus of US national security,’ Mattis said in his speech, which accompanied the release of an 11-page declassified document outlining the National Defense Strategy in broad terms. A lengthier classified version was submitted to the US Congress, which includes the Pentagon’s detailed proposals for a massive increase in military spending.”

Read more: http://russia-insider.com/en/pentagon-unveils-strategy-military-confrontation-russia-and-china/ri22274

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China promises bank rescue in next crisis

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“China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.  Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism.”

Read more: http://www.telegraph.co.uk/business/2018/01/23/china-promises-bank-rescue-next-crisis-market-prophets-warn/

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Trump slaps tariffs on foreign solar panels and washing machines

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“The announcement marks President Trump’s first major trade action of 2018 and follows his campaign promise to get tough on America’s trading partners.  A tariff, or tax, of 30% will be applied to imported solar panels, most of which come from China. Tariffs will begin at 20% on large residential washing machines, according to the announcement Monday from U.S. Trade Representative Robert Lighthizer.”

Read more: http://money.cnn.com/2018/01/22/news/economy/us-tariff-washing-machines-solar-cells/index.html

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Alfred McCoy: Tweeting While Rome Burns

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“In just one extraordinary year, Trump has destabilized the delicate duality that has long been the foundation for U.S. foreign policy: favoring war over diplomacy, the Pentagon over the State Department, and narrow national interest over international leadership. But in a globalizing world interconnected by trade, the Internet, and the rapid proliferation of nuclear-armed missiles, walls won’t work. There can be no Fortress America.”

Read more: http://www.tomdispatch.com/post/176373/tomgram%3A_alfred_mccoy%2C_tweeting_while_rome_burns/

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Tencent licenced to sell mutual funds to WeChat’s 1 billion users in China

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“China’s market for reliable wealth management products is expected to explode in coming years, through the sales of funds and banking products, and traditional finance houses are now being seriously challenged in the market by emerging internet financial companies.  Tencent has already teamed up with Howbuy, an online distributor of mutual funds, and a number of fund houses to line up nearly 100 mutual funds products via WeChat.”

Read more: http://www.scmp.com/business/companies/article/2126876/tencent-granted-licence-sell-mutual-funds

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Chinese Workers Abandon Silicon Valley for Riches Back Home

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“Its tech giants hold three drawcards: faster growth in salaries, opportunity and a sense of home.  China’s internet space is enjoying bubbly times, with compensation sometimes exceeding American peers’. One startup was said to have hired an AI engineer for cash and shares worth as much as $30 million over four years.”

Read more: https://www.bloomberg.com/news/articles/2018-01-10/chinese-workers-abandon-silicon-valley-for-riches-back-home

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Pakistan ditches dollar for yuan in trade with China after Trump tweet

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“A day after the U.S. leader slammed Islamabad for harboring terrorists in a New Year’s Day tweet, Pakistan’s central bank announced that it will be replacing the dollar with the yuan for bilateral trade and investment with Beijing.  With a steady stream of Chinese capital under its belt, Pakistan may no longer be receptive to American threats, the most recent of which involves Washington cutting off security assistance.”

Read more: https://www.cnbc.com/2018/01/03/pakistan-china-ties-strengthen-after-president-donald-trumps-rant.html

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Sabotaging Peace in Korea

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“It just might be that the two Koreas are figuring out a way to avoid war, much to the anger and chagrin of President Trump and the U.S. national-security establishment, who are obviously increasingly viewing war as inevitable and even in the best interests of the United States.”

Read more: https://www.fff.org/2018/01/03/sabotaging-peace-korea/

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China to offer tax breaks to foreign companies after GOP tax bill

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“The New York Times reported that China will temporarily allow foreign companies to not pay tax on their earnings.  The exemption will ‘promote the growth of foreign investment, improve the quality of foreign investment and encourage overseas investors to continuously expand their investment in China,’ China’s Finance Ministry said in a statement Thursday.  However, those companies must invest those earnings from the exemption in areas being promoted by the Chinese government, like technology and mining. The exemption is retroactive to Jan. 1, 2017.”

Read more: http://thehill.com/policy/international/china/366752-china-to-offer-tax-breaks-to-foreign-companies-after-gop-tax-bill

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