THE US-CHINA TRADE IMPASSE The deadlock is not about to be resolved any time soon. We have not heard all that much from the Chinese government directly but editorials from Chinese media are now giving us a sense of the way Beijing is viewing the current impasse. The People’s Daily wrote that “at no time will China forfeit the country's respect” while The Global Times said “the perception that China cannot bear it (a trade war) is a fantasy and misjudgment”. So what? That the debate is now being framed, not in purely economic terms, but in terms of respect and dignity will make a deal that much harder to reach. There is very little room when one is negotiating with dignity on the line. Trade talks have come back from the brink before, but given the perception of Beijing in Washington is worsening, and vice versa, few are predicting a rapid end to the trade war. What if talks fail: Expect a significant fallout that will impact the global economy. The … [Read more...] about Asian Insider May 13: What if trade talks fail?
Myanmar china trade
MAGWAY, Mayanmar: A herd of endangered deer wait under the shade of one of the sparse trees in this parched central Myanmar landscape, watching as rangers dispatch drinking water - a life-saving resource funded by wellwishers across the country.Shwe Settaw nature reserve in Magway Division is home to the endemic species of Eld's or golden deer. But their habitat lies in the country's central dry zone, a low-lying plain astride the Irrawaddy River where water shortages are rife in the hot season.This year temperatures have soared to a record 47 degrees centigrade.The sanctuary's 20-odd lakes and ponds - a lifeline for the deer, wild boar, jackals, peacocks and other creatures - have all dried up.In one lake bed, a water depth-measuring rod stands marooned in the middle of a mosaic of cracked, arid earth.Many of the park's estimated 1,000 deer started venturing dangerously close to villages outside the reserve, putting themselves at risk of poaching, rangers say.At the end of … [Read more...] about Crowdfunding brings life-saving water to Myanmar’s deer
By Steven Lee Myers The New York Times Sat., May 4, 2019 China has made your iPhone, your Nikes and, chances are, the lights on your Christmas tree. Now, it wants to grow your cannabis. Two of China’s 34 regions are quietly leading a boom in cultivating cannabis to produce cannabidiol, or CBD, the nonintoxicating compound that has become a consumer health and beauty craze in the United States and beyond. They are doing so even though cannabidiol has not been authorized for consumption in China, a country with some of the strictest drug-enforcement policies in the world. “It has huge potential,” said Tan Xin, the chairman of Hanma Investment Group, which in 2017 became the first company to receive permission to extract cannabidiol here in southern China. The chemical is marketed abroad — in oils, sprays and balms as treatment for insomnia, acne and even diseases like diabetes and multiple sclerosis. (The science, so far, is not conclusive.) The … [Read more...] about China cashes in on the cannabis boom
The State Counsellor arrived late Monday in Nay Pyi Taw from Cambodia, the last leg of her trip. During her three-day Cambodian stay, which started on April 29, she met with Prime Minister Hun Sen and other senior officials in a bid to boost trade ties between the two countries. The two leaders held talks focussed on increasing economic cooperation as well as boosting cultural, tourism, religious and educational ties, according to a statement from the Cambodian leader’s aide. Daw Aung San Suu Kyi also paid a courtesy call on Cambodian King Norodom Sihamon and visited the famous Angkor Wat in Siem Reap province. It was her first visit to Cambodia since she became de facto leader of Myanmar in 2016. On April 26, Daw Aung San Suu Kyi witnessed the signing of three agreements in Beijing, which included US$148 million worth of projects for Myanmar. They included an agreement on economic and technical cooperation, a memorandum of understanding on the China-Myanmar … [Read more...] about State Counsellor returns from China, Cambodia trip
The most important of these is that our competitors claim to support free trade, but are often “gaming the system” by extolling a level playing field that is actually tilted in their favour. Myanmar has not been good at recognising that in some sectors it is playing by one set of rules whilst its competitors are playing by rules that conveniently suit them and disadvantage Myanmar. One of the clearest examples is the steel industry. Steel is a vital product, especially for a country like Myanmar whose construction and infrastructure sectors need to expand rapidly if its economy is going to take off. Steel is a vital strategic industry, not an optional extra. And this is why countries around the world do not let the normal rules of free trade apply to their steel industries. In ignoring this reality, Myanmar is not joining the world community, but standing apart from it. Our decision to expose ourselves fully whilst demanding no reciprocity of openness … [Read more...] about How policy, not price or quality, is destroying Myanmar’s steel industry