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Posts Tagged ‘international trade’

Trump Administration Reaches out to China to Affirm “One-China” Policy

February 9th, 2017 No comments

So there we have it: the Trump administration has reached out to China to affirm America’s “One-China” policy.  According to this Washington Post report: Read more…

America at a Crossroad: Rethinking Trade, Geopolitics, and Economic Well-Being

April 8th, 2016 6 comments

China U.S. Free Trade[An edited copy of this article under the title “America should not blame trade – or its trading partners – for its ills ” is initially published at the South China Morning Post (pdf archive here)]

Bernie Sanders and Donald Trump are leading a new American awakening on global trade.  According to the new emerging consensus, America has been the victim of bad trade deals – including the yet-to-be-ratified Trans-Pacific Partnership (TPP) – for decades.  These deals have shipped millions of good-paying American jobs abroad and in the process hollowed out the American middle class.

When Sanders and Trump recently began questioning the merits of trade with allies such as Japan as well, however, many believed them to have crossed a line. It is one thing to attack China for “stealing” jobs but quite another to sell short a close and faithful ally.

Americans have long harbored schizophrenic attitudes on trade, however. Read more…

Nations Agree on the Trans-Pacific Partnership … and My First Take of Its Significance

October 6th, 2015 4 comments
U.S. vs. China?

U.S. vs. China?

Yesterday, the U.S. and the eleven other nations announced that they had finally – after rounds and rounds of delays – an agreement.  The Trans-Pacific Partnership (TPP) have been controversial and widely criticized, with secret negotiations taking place behind closed doors.

Even the ultra liberal and Western brain-washed readers of the New York Times see little to like about the agreement.  For example, within a day of the announcement of the agreement, the top 10 comments (as voted by the readers) in the piece in which the NYT reported read: Read more…

Glaxo CEO Witty on Competiveness and Innovation in China

March 5th, 2012 3 comments

In this short interview, CEO Witty of Glaxo – British multinational pharmaceutical, biologics, vaccines and consumer healthcare company – said that while Chinese government will continue to have a tension between building its domestic industry and fomenting an open competitive market in which foreign companies participates, it does a good job of making its market fair. Most importantly, Witty notes that it’s important to take a long-term view when it comes to China.  Glaxo intends to embed its Chinese operations into an integral part of the company. You won’t be that successful if you just take a “tourist” of China, he said. Witty says Glaxo intends to profit as well as to innovate in China.

WTO’s Recent Ruling Against China over Export Controls of Certain Raw Materials: A Critical Juncture for the WTO and a Chance for Chinese Leadership?

February 6th, 2012 8 comments

Last week, the WTO handed China a setback in its ruling over its appeal over export controls  (herein the Ruling) covering “[c]rtain forms of bauxite, coke, fluorspar, magnesium, manganese, silicon carbide, silicon metal, yellow phosphorous, and zinc.”

The Global Times has a strong response:

Time to reassess unfair WTO entry terms

Global Times | February 01, 2012 00:48

A WTO appeals panel has upheld a ruling against China restricting exports of nine types of raw materials. The ruling, completely unreasonable to Chinese, will threaten China’s resource preservation and environmental protection efforts.

China has generally been following WTO regulations and rulings. But it should find the best balance between applying WTO rules and protecting its national interests. Getting approval from the West is not our top concern.

Admittedly, joining the WTO has boosted China’s rise. However, entry was granted at the cost of China accepting some unfair terms, from which the aftereffects have gradually emerged, including this ruling. They may become a hidden problem for China’s economy. Read more…

Huawei Asks to be Investigated

February 27th, 2011 16 comments

Recently I wrote about the unfair suspicion and distrust and bad mouthing systemically heaped upon China and Chinese companies by many in the U.S. Well, finally, one company – Huawei – has decided to fight back. Read more…

Fighting for Jobs in a Globalized World

October 7th, 2010 6 comments

Last week, the U.S. Congress passed a bill that authorized the Obama administration to raise tariffs against Chinese goods in response to China’s alleged manipulation of its currency, purportedly to gain an unfair trade advantage. According to this article , while the Obama administration “has not taken a position on the bill … [t]he vote ‘shows lawmakers have serious concerns about this issue…’.” Leaders of the European Union appear also to join the chorus in bashing the Yuan, claiming that the Yuan may hurt prospects of overall European economic recovery. Read more…