Via Sinocism today: The phase one trade deal speculation is over, but the criticism is just beginning. On Monday Taoran Notes, written by someone I hear travels with Liu He during his trade talks with the US, published for the first time in over two months. The post, a defense of the deal clearly targeting
In mid-2018, the US declared the China American Cold War a go. It comprised a series of ratcheting trade tariffs by the Trump Administration directed at China. these were directed largely at shifting global manufacturing supply chains, especially in technology, away from China. The measures were directed specifically at China’s stated aim of dominating global technology, artificial intelligence and robotics by 2025.
Other dimensions of the growing Great Power conflict included freedom of navigation through the South China Sea where China had constructed series of far-flung militarised atolls that armed the distant approaches to its mainland and effectively claimed that ocean as sovereign Chinese.
The Cold War was also concentrated around Chinese ‘sharp power’ which had made significant inroads in influencing policy outcomes within the US alliance network in and around the Asia Pacific via bribes, debt diplomacy and corruption of media.
The China American Cold War showed all of the characteristics of an historic, ideological struggle between liberal democracy and statist growth that had defined the 20th century battle between the US and the Soviet Union.
More trade deal panic today: Australian energy and agricultural exporters face a hit to their multi-billion-dollar Chinese market from the trade deal signed between the US and Beijing that sparked a worldwide share rally and pushed the Australian bourse to a record. …Commonwealth Bank commodity analyst Vivek Dhar predicted up to 10 per cent of
Let’s start with the round up at Sinocism: Trump, China Sign Phase One Trade Deal – Bloomberg The Trump administration says what separates its deal most from others is the enforcement mechanism it establishes… But even Lighthizer acknowledges how effective that mechanism will be depends on Beijing. “This deal will work if China wants it
Via ABC: Beijing’s “crushing” oppression at home and its moves to spread its censorship to the rest of the world are threatening decades of progress made on global human rights, according to a new Human Rights Watch (HRW) report. HRW executive director Kenneth Roth was due to launch the World Report 2020 at the Foreign Correspondents’
Via Sinocism today: Treasury Secretary Mnuchin is ‘confident’ trade deal will be signed – CNBC Treasury Secretary Steven Mnuchin said Thursday he has no doubt that U.S. and Chinese trade negotiators will sign their “phase one” trade deal in early January. Asked by CNBC’s David Faber how certain he is the trade deal will be
The scale of China’s trade pledge task is daunting: Clyde Russell has some musings on what it will mean Downunder: Beijing has agreed to increase purchases from the United States by $200 billion over the next two years over and above the level of imports in 2017, according to U.S. Trade Representative Robert Lighthizer. …While
Via SCMP: China’s first home-built aircraft carrier was officially commissioned by President Xi Jinping on Tuesday as Beijing flexed its military muscles. The new warship will be called the Shandong and its formal entry into service is a significant milestone in the country’s efforts to build up its naval power. This drive has been viewed
Every year, once per year, Australians are treated to an exposion of pomposity at the Orica annual general meeting, via Domain: Influential businessman and Orica chairman Malcolm Broomhead has lamented the rise of a culture of “self-righteousness” and a mindset where people are “intolerant” of others. In a speech to Orica shareholders, Mr Broomhead said
From Domain: Chinese television pulled coverage of Arsenal’s Premier League match against Manchester City after Mesut Ozil, a forward for the London club, criticised Beijing’s brutal mass crackdown on ethnic Muslims in the country. Ozil added to condemnation of the detention of more than 1 million Uighurs and other minorities in so-called re-education camps in China’s
At last some sanity from an Australian economic institution on China (perhaps it was hacked by the CIA?). A terrific article in the RBA Bulletin from Ivan Roberts and Brendan Russell: Abstract Slowing trend growth in China, and the risks around this trajectory, are relevant to the future economic prospects of its major trading partners,
I can only go what Bloomie is saying: President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter. The deal presented to Trump
Via Michael Sainsbury at Crikey: Kevin Rudd, once a firm China sceptic, has become Australia’s first (former) prime minister to openly consort with the ruling Communist Party’s United Front Work Department (UFWD). The UFWD is responsible for spreading Chinese government interests in offshore nations — including Australia. UFWD groups are disguised with dull and prosaic
At the New Daily at least the Americans want to defend Australian freedom: The United States has suggested China is harassing members of the minority Uighur community in Australia. American ambassador to Australia Arthur Culvahouse said he was outraged by the levels of intimidation and argued there should be serious consequences. “What is happening, and
Via Reuters: U.S. President Donald Trump is expected to meet with top advisers on Thursday about planned Dec. 15 tariffs on nearly $160 billion in Chinese consumer goods, three sources familiar with the plans said. U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and White House advisers Larry Kudlow and Peter Navarro will participate
Via Brad Setser at Follow the Money: One central question facing the global economy is how much of the slowdown in global trade can be attributed to Trump’s tariffs, and how much, well, is a function of a global economy that doesn’t always revolve around Trump—And my guess is that the slowdown in trade stems
Via The Guardian today: A “frontline” Hong Kong democracy protester who recently fled the territory in fear of his safety says he was ambushed and chased in an Australian city by a group of masked Chinese men. “They were nearby my house and waiting for me,” Jack* told Guardian Australia. “They knew my address, they knew where
Andrew Hastie at Domain defines his pushback plan against Chinese Communist Party encroachments:: …First, we need to recognise, understand, and articulate the challenge facing the West. …Second, we must enlist the full weight of democratic institutions in this effort, including the giving of major speeches, initiating parliamentary inquiries and passing legislative measures, and educating the
Via the AFR: The key figure in fraud charges brought by the Chinese government against defector Wang Liqiang is linked to a mystery $50,000 Labor Party donation flagged as suspicious by the NSW corruption watchdog. Sydney businessman Xin “Filip” Shu confirmed he made the complaint against Mr Wang in April this year, which is now
Via the FT: Beijing has ordered all government offices and public institutions to remove foreign computer equipment and software within three years, in a potential blow to the likes of HP, Dell and Microsoft. The directive is the first publicly known instruction with specific targets given to Chinese buyers to switch to domestic technology vendors,
A new probe, via Reuters: Australia on Thursday established an investigation into potential foreign political interference through social media platforms such as Facebook, Twitter and WeChat. The review comes amid heightened Australian concerns that China is seeking to interfere in Canberra’s affairs, and after U.S. intelligence analysts found Russia had used social media to try
Trying to get blood from a stone, at Domain: Embattled Liberal MP Gladys Liu has requested her party pay back at least $100,000 she donated to her campaign to win the marginal Melbourne seat of Chisholm. Ms Liu contributed the money to her own election campaign in the lead-up to the May 18 poll after
Via ASPI comes Amy King is a senior lecturer at the Strategic and Defence Studies Centre at the Australian National University: For more than a century, close economic ties between China and Japan have developed in the absence of cooperative political and security relations, suggesting that the first is not a necessary precondition for the
So says Domain, in news that will shock nobody: Liberal MP Gladys Liu secured access to the federal government for a company and Liberal Party donor endorsed by the Chinese Communist Party and later implicated in a major organised crime probe into $1 million in suspected drug money. Brighsun New Energy is the Australian subsidiary
How else to explain this propaganda: …Rather than a cause for a renewed security panic, the dairy deals suggests how economic engagement, trade, and investment can permit Australia to have a strong but not subservient relationship relationship with China. …The deeper the economic ties Australia has with China, the more secure it becomes from strategic
This morning we find an Aussie being tortured in China, via The Guardian: The detained Australian writer Dr Yang Hengjun is being subjected to daily interrogations with his arms and legs shackled, as Chinese security officials try to “break” him, his lawyers say, pushing for him to confess to unspecified allegations of espionage that potentially
Via AXIOS: A week ago, U.S. sources close to the China talks indicated they were on the precipice of a “Phase One” deal. But that optimism now seems premature, if not misplaced. Congress sent legislation to Trump’s desk that angered Beijing, interrupted the trade talks, and telegraphed support for democracy and human rights in Hong
Via GaveKal: Regular readers will know that among the key influences on global markets is what I call “international liquidity,” which I have long monitored using an item on the US Federal Reserve’s balance sheet labeled “securities held in custody for foreign official and international accounts.” This barbaric wording refers to the US dollar foreign
The Global Times obtained an exclusive video of self-proclaimed Chinese spy #WangLiqiang being tried for fraud at a Chinese court in 2016. https://t.co/arjVebRxes pic.twitter.com/PpWcrSWGGG — Global Times (@globaltimesnews) November 27, 2019 Make of that what you will. All I will add is that say the CCP has a long history of using our own media