China American Cold War

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.

6

China builds Iranian oil gusher

Via the Petroleum Economist: Iran’s foreign minister Mohammad Zarif paid a visit to his Chinese counterpart Wang Li at the end of August to present a road map for the China-Iran comprehensive strategic partnership, signed in 2016. The updated agreement echoes many of the points contained in previous China-Iran accords, and already in the public

7

Trump: Trade deal “much tougher” after election

Via Bloomberg: President Donald Trump sought to prod China into doing a trade deal before the U.S. presidential election in November 2020, or face even more difficult negotiations during his potential second term. “Think what happens to China when I win,” Trump said in a tweet on Tuesday. “Deal would get MUCH TOUGHER!” Trump said

23

The unsettling parallels to WWII

Via Michael Every at RaboBank: As mentioned on Friday, welcome to both La Grande rentrée and weltschmerz: and combining the two, this week we are ‘back with a bang’. That seems appropriate given yesterday marked 80 years since the start of WW2, which one would have thought would have received far more media coverage than it did: instead, far

46

Hong Kong “catastrophe” unfolds

Via Domain: Embattled Hong Kong leader Carrie Lam said she has caused “unforgivable havoc” by igniting the political crisis engulfing the city and would quit if she had a choice, according to an audio recording of remarks she made last week to a group of businesspeople. At the closed-door meeting, Lam told the group that

48

Hong Kong violence grows

After marches and water cannon Saturday things got worse as darkness fell. Via Hong Kong Free Press: Violent scenes erupted across Hong Kong on Saturday night, as the MTR closed five lines and police fired two live rounds in Causeway Bay. Local media reported that the warning shots were fired as police were conducting arrests

26

Uh oh. China cuts capital flows to international students, realty

Oh dear. Via Nikkei: As China allows the yuan to depreciate to a level not seen in 11 years, financial authorities have rolled out measures to stem capital outflows from the mainland. The new rules include stricter oversight of banks in times of capital flight and restrictions on real estate developers’ access to foreign currency

2

Attention Australia, China is going ex-growth

Ratings agencies don’t get much right but this report is spot on and ahead of the curve, via S&P: – After four golden decades, China faces an inescapable slowdown due to demographics, deleveraging, rebalancing, and convergence. This is natural and mostly healthy. – Productivity will set the pace of China’s slowdown and will depend on

50

Steve Bannon on Huawei, Hong Kong and “Claws of the Red Dragon”

Steve Bannon on Huawei, Hong Kong, trade war, etc: Wrap below. Huawei is the greatest national security threat that America has ever faced—even greater than the threat of nuclear war—according to former White House chief strategist Stephen Bannon. The Chinese company Huawei, the world’s largest telecommunications equipment maker, has close ties to the Chinese Communist Party (CCP) and

23

Angry China slams Australia over diplomatic hostage

Via The Australian: China has told Australia to “stop hyping up” the case of arrested Chinese-Australian writer Yang Hengjun as concern grows in Australia over his detention and treatment in Beijing. “We urge the Australian side to respect China’s judicial sovereignty, stop hyping up the issue and pressuring China and stop interfering in any way

20

Doing business in China? Better check your “social credit score”

Via the FT comes the Chinese Communist Party hastening its own exit from the global economy: Foreign companies operating in China are unprepared for tougher sanctions under a corporate “social credit” system imposed by Beijing, a European business group has warned. Chinese regulators from tax officials to customs agents are increasingly rating companies according to

9

With friends like Kevin Rudd who needs enemies?

So, let’s get through the daily Angry China update. First up, the Communist Party is roaring at the G7, via News: China has fired back at G7 leaders following a joint declaration in Biarritz, accusing them of “meddling” and “harbouring evil intentions” over protests in Hong Kong. Foreign Ministry spokesman Geng Shuang made the comments

23

CPC softens up world media for Tianenman 2.0

Via CNA: The Chinese-ruled city is grappling with its biggest political crisis since its handover to Beijing in 1997 and Communist Party authorities have sent a clear warning that forceful intervention is possible to quell the violence. Hong Kong’s Beijing-backed leader said she was confident the city’s government could handle the unrest by itself and

23

Quivering NGV crystallises Australia’s Hong Kong cowardice

Via Domain come a pack of &[email protected]#$^ cowards: Pop star and activist Denise Ho has accused the National Gallery of Victoria of censorship after an event about the Hong Kong pro-democracy protests was cancelled. Organisers say the venue cited security concerns as the reason for not allowing the event to go ahead, and that it was

18

UQ joins UTS and Curtin aiding Uighur annihilation

First it was UTS and Curtin: Two Australian universities are reviewing funding and research approval procedures due to concerns over links to technology that is being used to carry out mass human rights abuses by the Chinese Government in Xinjiang province. Last night, Four Corners revealed that the University of Technology Sydney (UTS) is conducting

12

Australia pivots from China as NSW Labor fastens to it

It’s MSM China madness today and about time. Crikey leads off with a new push to support hawkishness from John Fitzgerald, Emeritus Professor in the Centre for Social Impact at Swinburne: Senior Australian political figures can curse the American president as often as they please without fearing Trump will halt shipments of Australian beef or tell

34

Pig iron Scott. Aussie iron ore building Chinese naval threat

This is where we don’t want trade wars to go. Via Herald Sun: Australian iron ore is suspected of being used to help build China’s next-generation nuclear-powered and ballistic-missile attack submarines, according to security and industry experts. Consignments from Australia’s booming iron ore exports to China are likely being diverted by Beijing into the steel

53

Jericho: Trump “ignorant” for fighting world’s greatest tyranny

From Greg Jericho today: On Tuesday Trump suggested that “I am doing this whether it’s good or bad for your statement about, ‘Oh, will we fall into a recession for two months?’ The fact is, somebody had to take China on. Whether it’s good for our country or bad for our country, short term, it had to be

9

Please China, turn the trade war guns on Australia!

Via Goldman: “…things could change pretty quickly, particularly against the backdrop of China’s frustrations about Australia’s decisions to ban Huawei, target China with recent foreign interference laws, and allude to China as responsible for recent cyberattacks on the Australian government.” A “very significant” and “targeted pullback” could see Chinese tourism volume fall 60 per cent