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Showing posts from April 23, 2018

‘Belt and Road’ countries will benefit most in the event of any China-US trade war

http://m.scmp.com/news/hong-kong/education/article/2142965/belt-and-road-countries-will-benefit-most-event-any-china EDUCATION Beijing’s global trade initiative seen as a form of insurance policy should transPacific trade ties get worse John Cremer UPDATED : Tuesday, 24 Apr 2018, 11:28AM Escalating trade tensions between China and the United States have sent a shudder through markets, causing analysts with a flair for the dramatic to dust off their “trade war” scenarios and start predicting all kinds of trouble ahead. They may turn out to be right. But with official figures showing China’s economy grew 6.8 per cent in the first quarter compared with the same period last year, it makes no sense to panic yet. Instead, it pays to take account of the more detached, longer-term views of leading academics not caught up in the day-to-day roller coaster of commodity prices and market moves. “I would rather call this a unilateral protectionist action by the US,” says Edwin Lai, professor

Why China should care about its image in the West

http://m.scmp.com/comment/insight-opinion/article/2142874/why-china-should-care-about-its-image-west Why China should care about its image in the West Tom Plate says the anti-China syndrome in the US runs deep. While America’s approach to the bilateral relationship needs to be based on more realistic expectations, not to mention some humility, Beijing must also consider what it can do to ease… Tom Plate UPDATED : Monday, 23 Apr 2018, 8:41PM  48 The American general and statesman Colin Powell, at his secretary of state confirmation hearing years ago, bluntly told Congress: “China is not an enemy, and our challenge is to keep it that way.” But America always needed China’s help – and now it needs it more than ever. Things below the bilateral surface look ominous and many of us are bracing ourselves for a big chill in the next jarring yo-yo in relations. The problem from the American side is that, while it is true that not everyone wishes China well, even those who do are now worrie

West Coast ports could be another victim of trade war with China

https://www.washingtonexaminer.com/policy/economy/west-coast-ports-could-be-another-victim-of-trade-war-with-china West Coast ports could be another victim of trade war with China by  Diana Stancy Correll  | April 24, 2018 12:01 AM Print this article The Port of Long Beach says half of U.S. maritime trade with China goes through it and the Port of Los Angeles. That number increases to 55 percent if the Port of Oakland in northern California is included. (AP photo) American farmers won't be the only ones harmed if the U.S. enters a trade war with China. Ports and their surrounding communities, especially those on the West Coast, could face sagging revenue and layoffs if tariffs continue or if China imposes additional tariffs on U.S. goods, experts say. “The West Coast ports are the most exposed,” said Christine McDaniel, a senior research fellow at the Mercatus Center. The Port of Long Beach says half of U.S. maritime trade with China goes through it and the Port of Los Ange

China Strengthens Its Navy by Stealing Submarine Technology to the US

http://www.maritimeherald.com/2018/china-strengthens-its-navy-by-stealing-submarine-technology-to-the-us/ China Strengthens Its Navy by Stealing Submarine Technology to the US 0 Maritime Business April 23, 201 China has made remarkable progress in its submarine warfare capabilities and is  using stolen technology from the United States  to boost that progress, said the head of the US Fleet Forces Command. for the Pacific, Admiral Philip S. Davidson. In a letter to the Senate Armed Services Committee , Davidson warned him that while the US has a “significant asymmetric advantage in underwater warfare”, the Chinese Navy “is making progress” in this regard, since Beijing has made it a priority to increase its own capabilities in this underwater warfare in order to challenge the Americans, as reported yesterday on Sunday. several international media. China has invested considerable resources in its submarine fleet, since 2002, it has built 10 nuclear submarines: six Shang I and II n

Will China listen to EU on infrastructure plan’s perceived pitfalls in free trade and competition?

http://m.scmp.com/news/china/diplomacy-defence/article/2142723/will-china-listen-eu-infrastructure-plans-perceived Will China listen to EU on infrastructure plan’s perceived pitfalls in free trade and competition? Mathieu Duchatel writes that as China reviews its EU policy under a new foreign policy team, it remains to be seen to what extent European belt and road concerns will be taken seriously Mathieu Duchatel UPDATED : Sunday, 22 Apr 2018, 9:50PM  7 China is awakening to widespread scepticism in Europe regarding the Belt and Road Initiative. Last week, it was leaked that 27 EU ambassadors to Beijing (except for the ambassador from Hungary, a country that behaves within the EU like Cambodia within the Association of Southeast Asian Nations) co-signed an internal report criticising the belt and road as creating an unfair global trade environment by giving Chinese public conglomerates an advantage at competitors’ expense.  For observers of European debates, this did not come as

COUNTERING CHINA’S MILITARIZATION OF THE INDO-PACIFIC

https://warontherocks.com/2018/04/countering-chinas-militarization-of-the-indo-pacific/ COUNTERING CHINA’S MILITARIZATION OF THE INDO-PACIFIC MICHAEL J. GREEN  AND  ANDREW SHEARER APRIL 23, 2018 COMMENTARY Two weeks ago, Australians were startled by  media reports  that China intended to establish a military base in Vanuatu. This small island nation sits less than 1,500 miles from Australia’s northeastern coast in an area of the Pacific long thought free from great power rivalry. Prime Minister Malcolm Turnbull responded to the news unambiguously,  declaring that his country  “would view with great concern the establishment of any foreign military bases in those Pacific Island countries and neighbors of ours.” Just as it was a surprise for Australia to hear that the People’s Liberation Army was exploring military facilities in its strategic backyard, it was a surprise for India to learn about  potential Chinese bases in Pakistan  and it was a surprise for the United States to fin

China deepens militarization of One Belt, One Road initiative

https://www.axios.com/china-deepens-militarization-of-one-belt-one-road-initiative-889c773b-cd8b-4af4-95e7-ce0142c3a427.html China deepens militarization of One Belt, One Road initiative China's Defense Minister Wei Fenghe. Photo: Sefa Karacan/Anadolu Agency via Getty Images In a meeting with Pakistan’s Chief of Naval Staff in Beijing on Friday, Chinese Defense Minister Wei Fenghe  announced  that China was “ready to provide security guarantees for the One Belt, One Road project” (OBOR). Why it matters:  Beijing has long pitched OBOR — a  $4 trillion–$8 trillion  integrated energy, transport and mega infrastructure project envisioned as  a modern Silk Road  — in economic terms. But this latest statement contrasts with Beijing’s earlier rhetoric, suggesting that the project has more important defense-related motives. Show less A recent study found that Chinese officials are privately more interested in the strategic and political benefits  of OBOR than its economic advantages

Blue China: Navigating the Maritime Silk Road to Europe

http://www.ecfr.eu/publications/summary/blue_china_navigating_the_maritime_silk_road_to_europe Blue China: Navigating the Maritime Silk Road to Europe Policy Brief Mathieu Duchâtel and Alexandre Sheldon Duplaix 23rd April, 2018 Pixabay/Distel2610   - CC0 1.0 SUMMARY China’s Maritime Silk Road is about power and international influence, but Europeans should not overlook the importance for China of further developing its blue economy, which already represents 10 percent of China’s GDP.The Maritime Silk Road already affects Europe in five main areas: maritime trade, shipbuilding, emerging growth niches in the blue economy, the global presence of the Chinese navy, and the competition for international influence.On balance, the Maritime Silk Road creates more competition in Europe-China relations, but it also creates space for cooperation in the blue economy and for specific maritime security missions.Europe should emulate China’s blue economy as an engine of growth and wealth, and e