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Is China powerful enough to change the world order?


As the US president Donald Trump got his trade deal lately with the European Union president Jean-Claude Juncker, it seems that all those recent tensions between the world’s largest economy and the EU has come to an end. To China, the tactic of establishing commercial and economic ties to hedge the risks of waging a … Continue reading

China, Germany step up as U.S. retires from world leadership


The U.S. traditionally takes point in the search for common approaches to the big global issues of the day at G-20 summits. Not this time. When world leaders meet in Hamburg on Friday, China and Germany will move in to usurp the U.S.’s role. The U.S. traditionally takes point in the search for common approaches … Continue reading

Germany warns that liberal world order would end if US cedes leadership to China and Russia


Germany’s veteran finance minister, Wolfgang Schaeuble, urged the U.S. to limit Russian and Chinese influence or risk bringing about “the end of our liberal world order.” The comments by Schaeuble, a member of Chancellor Angela Merkel’s cabinet since she took office in 2005, are one of the strongest expressions of concern among European policy makers … Continue reading

EU upsets China with new steel price investigation


The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe’s steel problems are due to the region’s own economic weakness. The European Commission has determined that a complaint brought by EU steel makers’ association Eurofer regarding certain corrosion resistant … Continue reading

China slams EU Commissioner’s ‘slitty eyes’ comment


China expressed disdain Wednesday over European Commissioner Guenther Oettinger’s use of the term “slitty eyes” to describe Chinese people in a leaked recording of a speech to business leaders. In the comments, secretly filmed at a Hamburg event earlier this month, Oettinger — the commissioner for digital economy who was last week named to the … Continue reading

Could Hong Kong, after a merger with Shenzhen, help China’s One Belt One Road thrive?


According to the International Monetary Fund (IMF) June 2016 research report “Neoliberalism: Oversold?” which was described as “a political bombshell … that caused a near-panic among advocates of free market policies” by the Foreign Policy analyst Rick Rowden [Note 1] , what ‘capital account liberalisation’ brings to developing countries is “the pervasiveness of booms and … Continue reading

China must be stopped from blocking supply in the South China Sea


Australia and other countries are currently pushing for freedom of navigation patrols in the South China Sea, in response to China’s aggression and illegal claims in the region. For the immediate future, these countries should have a permanent presence in this area to ensure freedom of navigation for international trade vessels and local fishermen. The … Continue reading

International investors are pulling out of China in favour of India because of China’s interference in stock market


The tumult in China’s stock markets has turned into a blessing for Indian shareholders. International investors are pulling out of China, fuelling record outflows through the Shanghai-Hong Kong exchange link, amid a $2.8 trillion plunge in mainland equity values since June 12. They’ve ploughed $705 million into India over the same period, sparking a world-beating … Continue reading

India to beat China again as fastest-growing economy in 2016 says IMF


India will be the world’s fastest growing economy for the second consecutive year in 2016 at 7.5 per cent, IMF today said, even as it lowered its current year global economy growth forecast to 3.3 per cent. In its World Economic Outlook Update released here, IMF retained India’s growth projection for current year at 7.5 … Continue reading

China leads in research for ‘coat of invisibility’ and other ‘super materials’


People are impressed by the coat of invisibility in the fiction movie Harry Potter, but you perhaps do not know that researchers in various countries are making great efforts to develop various super materials including the material to make such coats of invisibility. Mil.huanqiu.com says in its recent report that there are also quite a … Continue reading

Asia’s dominance in manufacturing will endure – that will make development harder for others


By making things and selling them to foreigners, China has transformed itself—and the world economy with it. In 1990 it produced less than 3% of global manufacturing output by value; its share now is nearly a quarter. China produces about 80% of the world’s air-conditioners, 70% of its mobile phones and 60% of its shoes. … Continue reading

EU cannot maintain protection against Chinese imports, as rules change in China’s favour


European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU’s own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beijing. In a draft letter seen by Reuters, the head of the European Commission’s Legal Service, … Continue reading

‘Made in China’ tops the EU’s most unsafe list


Every parent assumes the plush doll they bought for their child at the mall is safe, but if it has a “Made in China” label, you should think twice. A European Watchdog agency issued 2,435 notifications of unsafe products in 2014, which range from children’s toys, clothing, and even appliances. Sixty-four percent of the unsafe products were … Continue reading

Japan, US, ASEAN direct investment in China drops dramatically, as China considered less attractive


Japan‘s direct investment in China in 2014 dropped 38.8 percent from the previous year to $4.33 billion, the Commerce Ministry said Thursday. The plunge, which compares with a decline of about 4 percent in 2013, reflects soured bilateral relations over territorial and wartime historical issues, as well as rising labour costs in China. In addition, … Continue reading

China’s says its New Silk Road will be America’s ultimate nightmare


The following is a translation from Chinese media. The website of a Spanish media outlet reported on October 9 that while the US “New Century” is rapidly aging, the Beijing–Moscow-Berlin strategic trade alliance may be a reality in the future. The website said: Beijing and Moscow leaders attach great importance to the alliance, in which … Continue reading

Philippines to propose no action to raise tension with China in sea disputes


The Philippines will propose a freeze on all activity that raises tension in disputed waters in the South China Sea as part of a three-part plan at a regional security meeting next month, Manila‘s foreign minister said on Tuesday. Southeast Asian foreign ministers will hold security talks with various counterparts including those from the United … Continue reading

China’s exports gain steam but imports fall, signalling weaker domestic demand


China‘s exports gained steam in May thanks to firmer global demand, data showed on Sunday, but an unexpected fall in imports signaled weaker domestic demand that could continue to weigh on the world’s second-largest economy. Exports rose 7 percent in May from a year earlier, quickening from April’s 0.9 percent rise, while imports fell 1.6 … Continue reading

China February exports plunge by 18%


China‘s exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world’s second-largest economy despite the Lunar New Year holidays being blamed for the slide. The sharp drop in exports follows a series of factory surveys since the start of 2014 that point to weakness … Continue reading

EU-China investment pact of limited but global significance


In the debate about the transatlantic free trade agreement one issue has remained below the radar: the European Union (EU) is shortly to also commence negotiations with China. On October 18, 2013 the EU member states are set to pass the mandate for the negotiation of an international investment agreement with China. Beijing hopes that … Continue reading

China state sector a honey pot for corrupt officials


In March last year, after getting government approval to go ahead with a $900 million refinery expansion in China’s southeastern Fujian province, state-run oil giant Sinopec Corp warned the team handling the project against taking bribes. “Project engineering and construction has been a main area for corruption at Sinopec,” the Fujian unit of Asia’s largest … Continue reading

China’s role in the French Pivot


During his recent visit to Jakarta for a bilateral with Foreign Minister Marty Natalegawa, France’s top diplomat, Minister Laurent Fabius, dropped by the Asean Secretariat and there announced to a regional audience that his country had made a “pivot” to Asia. Smart move. The French foreign minister: explained “France wants to be present where tomorrow’s … Continue reading

China’s growth affects future of Europe


The EU of social welfare or of generational warfare, the continent of debt-bound economies or of knowledge-based community? Is the predatory generation in power? Why the only organised counter-narrative comes as a lukewarm Mouse Mickey – between Anonymous and Pirate party, from the Wiki-leaky to Snowden-picky. Europe’s redemption lies in the re-affirmation of the Lisbon … Continue reading

EU competing with China in Latin America


German Chancellor Angela Merkel and other EU leaders have become increasingly concerned that China’s continued rise in Latin America could squeeze out European business. China has not only increased the quantity of its exports to Latin America, but also used its economic resources to expand into the high-tech market, long considered German industry’s strong suit. … Continue reading

Longer wait for China residency permits irk foreign firms


Foreign executives in China are upset at a new rule that allows authorities to hold passports for up to 15 working days when processing and renewing residency permits, saying it could disrupt essential business travel within China and abroad. The changes are evidence to those who argue China is becoming a harder place to do business, especially … Continue reading

China launches trial carbon trading scheme


It is well-known that when rolling out a new and significant policy, Chinese officials are extraordinary cautious. Those who expect radical shifts over night are always left disappointed. So it should come as no surprise that the latest development in Chinese climate policy is small-scale. Nonetheless we shouldn’t underestimate the significance and potential of the … Continue reading

China destroys Belgian chocolates as trade spat intensifies


Belgians are justly proud of their nation’s reputation as one of the world’s finest chocolate producers. So when Chinese authorities announced this week that they had destroyed an unspecified amount of their chocolates because they contained toxic substances, alarm bells rang. The Belgian media was swift to point out echoes of 2008, when Beijing declared a shipment of Belgian chocolate … Continue reading

Wine: China hitting the bottle!


Looks like France is waking up with a hangover and will be in need of some hair of the dog to get through China’s statement that there will be an anti-dumping probe carried out by the latter on wine exports from the EU. France’s Trade Ministry is worried and has made a public call for … Continue reading

China’s reverse imperialism – West contains China’s East, China moves West


The US still has not learned that China does not move in a linear, predictable, pattern. As the US and its allies gain geopolitical ground in the Pacific and power balancing shapes a semi-circle in China’s East, China projects its influence out West. Critics may call it reverse imperialism. This is not just a “backdoor” … Continue reading

European companies complain about China’s regulatory discrimination


An unlevel playing field in China costs European companies € 17.5 billion in missed revenues annually, according to a survey of the European Union Chamber of Commerce in China. The findings – which also highlight alleged regulatory discrimination as a key concern for these businesses – come amid rising trade tensions between China and the EU which, if intensified, … Continue reading

While Belarus borrows, China makes money


China is building an entire city in the forests near the Belorussian capital Minsk to create a manufacturing springboard between the European Union and Russia. Belarusian President Aleksandr Lukashenko allotted an area 40 percent larger than Manhattan around Minsk’s international airport for the $5 billion development, which will include enough housing to accommodate 155,000 people, … Continue reading

China, Switzerland sign MOU on concluding Free Trade talks


In relations with China, symbols often have a greater importance than details of contracts. During the stay of Chinese Premier Li Keqiang in the Alpine country which he visited in 2010 as vice premier, Li has met political, business leaders and inked a series of important agreements. Li Keqiang held his first speech on European in … Continue reading

Australia’s relationship with China is beset with misperceptions


For all its vision and clarity, Australia‘s defence white paper belies a harsh truth: our relationship with China is beset with misperceptions, write Kerry Brown and Bates Gill. China is beset The Australian Defence White Paper released this month takes a strongly positive position on China. “Australia welcomes China’s rise”, it states, and “does not … Continue reading

Will China buy up Greece’s best assets?


Greek Prime Minister Antonis Samaras headed to China, amid hopes that the world`s second largest economy can revive one of the euro zone`s most debt laden countries. Greece is hoping that the five-day trade mission, which includes a delegation of around 70 businessmen, can attract investment as the country continues with the privatisation of state-owned … Continue reading

In China, the license plates can cost more than the car


Shanghai’s busy streets teem with Buicks, Fords, Volkswagens, and Toyotas. More than 9 out of 10 cars in the world’s most populous city are made by foreign companies, and it’s not just a reflection of mainlanders’ preference for Western design. Some local automakers say the city’s license plate auctions are responsible for their weak sales. Shanghai is … Continue reading

Russia plans $25-$30 billion oil-for-loans deal with China


Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, … Continue reading

China style wealth as a role model for Cambodians


Prime Minister Hun Sen encouraged Cambodians to strive for Chinese-style millionaire status as he inaugurated a sugar refinery located inside two controversial plantations belonging to CPP Senator Ly Yong Phat and his wife in Kompong Speu province, Cambodia. “I have one clear policy on strengthening local investors, and that is making Cambodians become rich,” Mr. Hun Sen … Continue reading

US National Intelligence Council says China’s global power more than EU and USA combined by 2030


Today the Global Trends 2030: Alternative Worlds report was released by the U.S. National Intelligence Council. It is grabbing headlines around the world after saying that by 2030 China will have more global clout than the United States of America and European Union combined. This change will mean a fundamental shift in how the world … Continue reading

China needs to put its house in order


There has been much talk about America’s decline in recent years, with the corollary that China will take its place. But, while the United States does indeed face problems that urgently need to be addressed, if China is to rise further, to say nothing of supplanting the US internationally, it must first put its own … Continue reading

China ‘stockpiling rare earths for strategic reserves’


China has already started the purchase – using state funds – and storage of rare earths for strategic reserves, the China Securities Journal said, but did not say exactly when the initiative was launched. The country produces more than 90pc of the world’s rare earths, which are used in hi-tech equipment ranging from iPods to … Continue reading

China could impound European planes


China will take swift counter-measures that could include impounding European aircraft if the European Union punishes Chinese airlines for non-compliance with a scheme to curb carbon emissions, the China Air Transport Association (CATA) said on Tuesday. Chinese airlines, which have been told by Beijing not to comply with the EU’s Emissions Trading Scheme, refused to … Continue reading

The new cold war: the democracy camp


In the new cold war, it could be seen that there are two groups: the autocracy camp, centring around China, Russia and the SCO, and the democracy camp, centring around most western democracies in Europe, the United States, Canada, Australia, Japan and South Korea. This article will focus on the democracy camp. It is much … Continue reading

Can China feed itself again?


The short answer is yes, but… In an earlier article I explained how China built the Three Gorges dam, and flooded enough land to reduce its production by a substantial amount, forcing China to import an ever increasing amount from the EU.  I also suggested that China could increase production at home by following the … Continue reading

China clears Google, Motorola merger: Deal to close ‘within days’


Chinese antitrust and competition regulators have cleared Google’s move to acquire Motorola Mobility for $12.5 billion, completing the worldwide regulatory review process. A Google representative confirmed that the Chinese government had given the merger the green light. The deal is set to close early in this coming week. The deal had to be approved by … Continue reading

China January-April FDI inflow at $37.9 billion, outlook dark


China‘s foreign direct investment inflows dropped 2.4 percent in the first four months of 2012 versus last year, the longest period of declining inflows since the depths of the global financial crisis and a sign of external economic headwinds. The Commerce Ministry said on Tuesday that the country drew $37.9 billion in foreign direct investment … Continue reading

Li Keqiang primed to succeed Wen Jiabao as Premier of China


The state media’s unusually extensive coverage of Li Keqiang‘s European tour showed the vicepremier remains well positioned to succeed Wen Jiabao as premier despite rumours to the contrary, analysts said. State broadcaster CCTV featured several lengthy and detailed reports on Li’s nine-day trip during its prime-time news programmes, while the overseas edition of People’s Daily … Continue reading

China gas reforms spark investment boom


China’s big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital – and making gas the hottest prospect for energy investment in the world’s top energy consumer. The prospects for expansion and acquisitions also have China’s natural gas distributors trading like growth stocks, instead … Continue reading

U.S., allies urge sanctions for North Korea firms; China resists


The United States, European Union, South Korea and Japan have submitted a list of about 40 North Korean companies to the U.N. Security Council‘s sanctions committee for possible blacklisting due to Pyongyang’s recent rocket launch, envoys said on Tuesday. The committee, which includes all 15 Security Council members, received an initial response from China that … Continue reading

Japan, Kazakhstan to develop rare earth metals


Japan and Kazakhstan plan to sign an agreement to jointly develop rare earth metals critical to electronics and auto makers, aiming to lower dependence on China, the Asahi Shimbun daily said on Sunday. Japan’s Trade Minister Yukio Edano will meet Kazakh government officials, including President Nursultan Nazarbayev, to sign the agreement in early May, making … Continue reading

China buys Boeing 777s, delays Airbus deal


China Eastern Airlines is set to place a $6 billion order for up to 20 Boeing 777 jets, while simultaneously emerging at the centre of an aviation row between China and the European Union by stalling a recent Airbus deal, people familiar with the matter said. The order for wide-body 777s follows a fierce but discreet … Continue reading

China hopes U.S. Myanmar moves not aimed at Beijing


A senior Chinese diplomat said on Wednesday he hoped moves by the United States to re-engage with Myanmar were not aimed at Beijing, underscoring China‘s concerns about influence in its strategically located neighbour and close economic partner. Chinese state-run media and academics have expressed concern Washington’s renewed interest in slowly democratising Myanmar, formerly known as … Continue reading

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