Editor's note: Tom Fowdy, graduated from Oxford University's China Studies Program and majored in politics at Durham University, writes about international relations focusing on China and the Democratic People's Republic of Korea. The article reflects the author's opinions, and not necessarily the views of CGTN. The next few days will be a heated time for US-China trade talks. New US tariffs are scheduled to go into place on December 15th, which would impose levies on the remaining 300 billion US dollars of Chinese imports to the United States. As this deadline approaches, talks between the two countries are going on with representatives from both nations being cautiously, but not definitively optimistic of progress. On December 6, Beijing reportedly eased tariffs on soybean and pork imports from the U.S as an optimistic gesture to drive talks forwards, whilst American officials such as Larry Kudlow saying a trade deal is close but affirmed the President would "walk away from it" if … [Read more...] about An unpredictable week of trade talks
Trade deals china
If you want to go fast, walk alone; if you want to go farther, walk together. This well-known piece of advice should be heeded by the United States and applied to the Iranian nuclear deal. Aside from the US, which has unilaterally withdrawn from the 2015 Joint Comprehensive Plan of Action, better known as the Iranian nuclear deal, all the other parties to the deal still support its effective and full implementation, as shown by the joint commission meeting held in Vienna, Austria, on Friday, which was attended by representatives from China, France, Germany, Russia, the United Kingdom and Iran. During the meeting, the relevant parties pledged their determination to pursue all efforts to preserve the agreement, which sends an unmistakable message to the international community that the nuclear deal still plays an important role in the nuclear nonproliferation regime. That message should also prompt the US to reflect on its withdrawal from the deal, as that decision has not only dented … [Read more...] about Iranian nuclear deal only viable solution: China Daily editorial
When it comes to the outlook for emerging markets in 2020, the bottom line is maddeningly simple: "It's complicated." There are a number of reasons for this. For starters, we are living in extraordinary times, owing to the unpredictable personality of the US President Donald Trump. One can only begin to imagine what steps he will take to improve his re-election chances next year. Will he engage in even more saber rattling, threatening, say, additional tariffs against China or military action against Iran? Or will he focus on keeping financial conditions accommodative in order to ward off a slowdown or recession just before the election? There are no obvious answers to such questions. Indeed, a friend recently told me that he is closing down his macro hedge fund because the ratio of noise to signal in the Trump era is just too high. Even if one adjusts for the frequency of Trump's outbursts and repeated contradictions, it is impossible to predict where he will land on any given day. … [Read more...] about What can emerging markets expect next?
At the meeting between President Xi Jinping and US President Donald Trump on the sidelines of the just concluded G20 Summit in Osaka, the two sides agreed to restart the trade talks. While the trade disputes are slowing China's growth, the US economy also is beginning to suffer collateral damage. Furthermore, Trump said US companies can supply components to Chinese telecommunications equipment provider Huawei, which the US Department of Commerce blacklisted in May and which Washington has tried to lobby other countries against. Nevertheless, the negotiators face challenging obstacles despite another temporary timeout. But what's the economic impact of the new trade truce? The most recent US tariff hikes on $200 billion of Chinese goods is expected to penalize about 0.1 percent of China's GDP growth in the coming year. That is enough to create significant concern, but not enough to cause substantial damage－yet. Even if the US were to impose 25 percent tariffs on all Chinese … [Read more...] about Despite truce, US should be wary of damage
There are three major highlights of Xi Jinping: The Governance of China. First, China is a predictable country. In a dangerous world, the unpredictability of its protagonists is a big risk factor. "A good friend is a predictable friend," the saying goes in China, and that is true of international relations too, as predictability is a factor of peace. President Xi Jinping's key speeches clearly set out China's commitments to the international community. No country has developed such a degree of awareness of the notion of long term, as proved by the Two Centenary Goals to complete building a moderately prosperous society in all respects by the Communist Party of China's centenary in 2021, and to turn China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful by the time of the centenary of the People's Republic of China in 2049. No government, except China, sets the year 2049 as the horizon of its action. Second, … [Read more...] about A Long-Haul Roadmap