Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

25 April 2018

Why China Won't Yield to Trump

Jeffrey Frankel

China may give Donald Trump some face-saving way out from the trade war he has started, but it won't offer any substantive concessions. In other words, Trump's tariffs will do nothing to improve America’s external balance, output, employment, or real wages. Last month, US President Donald Trump enacted steel and aluminum tariffs aimed squarely at China. On April 2, China retaliated with tariffs on 128 American products. Trump then announced 25% tariffs on another 1,300 Chinese products, representing some $50 billion of exports. In response, China threatened 25% tariffs on 106 US exports (including soybeans, cars, and airplanes), to go into effect whenever the US tariffs do.

Room for Maneuver: China and Russia Strengthen Their Relations

By Brian G Carlson for Center for Security Studies (CSS)

Brian Carlson believes that for both the US and Europe, the extent of China-Russia coordination deserves close watching. As a result, Carlson here explores 1) China-Russia bilateral ties, particularly in terms of economics, energy and arms; 2) the two countries’ ‘friendly neutrality’ regarding the other’s regional affairs; and 3) how China-Russia relations have been gaining momentum at the global level. He also highlights how shared concerns about US power and resistance to liberal norms provide a strong basis for a continued close relationship, albeit one increasingly tilted in China’s favor.

The Tibetan Factor in 1962: The importance of stable operation base


As the 19th Congress approaches, the Chinese authorities have banned foreigners to travel to the Tibetan plateau from October 18 to 28. During this period, the Congress, which is expected to the nominate a new leadership, will be held in Beijing. On September 22, Radio Free Asia (RFA) asserted: “The ban was announced by telephone about ten days ago”. A Tibetan working in a travel agency in Xining (in Qinghai province) told the radio’s Tibetan Service: “During this period, it is not just foreigners but also Tibetans living in the Amdo region of Qinghai who are not allowed to travel in the Tibet Autonomous Region (TAR).”
Usually, foreign visitors and Tibetans living in the Chinese western provinces are not allowed to visit Tibet in March, at the time of the Two Meetings and the anniversary of the 1959 Tibetan uprising on March 10.

24 April 2018

The Brahmaputra Diversion and the Tsinghai Clique


Some fifteen years ago, a Chinese engineer Li Ling and a retired PLA General Gao Kai, seriously worked on a scheme for the diversion of the Yarlung Tsangpo/Brahmaputra. Li Ling published a book called Tibet's Waters will Save China in which he detailed the diversion project, also known as Shuomatan Canal (from Suma Tan in Central Tibet to Tanjing in China). At that time, 'experts' denounced the plans of Li Ling and Gao Kai. Beijing also decided to cool down India’s legitimate worries.In 2006, the Chinese Water Resources Minister Wang Shucheng, a hydraulic engineer, affirmed that the proposal was "unnecessary, unfeasible and unscientific. There is no need for such dramatic and unscientific projects."

China develops the Indian border


Che Dalha (alias Qizhala), the head of the Tibetan Autonomous Region’s (TAR) Government (and TAR’s Senior Deputy Secretary) visited Chayul area in the vicinity of Yume village adopted by Xi Jinjing. Che, who is also director of the district border defense committee, inspected a Hero Memorial Park in Chayul area. He told the villagers that the masses should deeply cherish the memory of the revolutionary martyrs. He laid a wreath for 447 Revolutionary Martyrs' War Memorial. Why and where these ‘martyrs’ died?

When the snows melt


Every year during the months of May and June, the high passes of Himalayas witness activity as the Chinese cross over and intrude on Indian territory. The Himalayan snows will soon start melting. Every year during the months of May and June, the high passes witness activities not in consonance with the majestic peace-conducive surrounding peaks. This year again, the Chinese will cross over and intrude on the Indian territory, or to put it nicely like the spokesperson of the ministry of external affairs does, “in what we perceived our side of the border”.

EU Ambassadors Condemn China’s Belt and Road Initiative

By Ravi Prasad

On Wednesday, it was reported by Handelsblatt that 27 out of 28 EU ambassadors to China signed a report criticizing China’s Belt and Road Initiative (BRI). The Hungarian ambassador was the only exception. It is unclear when the report will get published, and whether Handelsblatt saw a draft of the report or a finished version. However, if Handelsblatt’s claims turn out to be true, it will mark one of the biggest setbacks the BRI has seen to date.

CPEC's Environmental Toll

By Shah Meer Baloch

Pakistan’s virgin beaches are located in District Gwadar, which is the major coastal town of Balochistan, and also said to be the epicenter of the China-Pakistan Economic Corridor (CPEC). But the beaches are in danger of being badly affected by a newly planned 300MW coal power plant in Gwadar. Besides the beaches, there will be a significant impact on human lives and the environment. Pakistan is already on suffering from climate change. Will the environment and people remain safe as Pakistan carries out plans to invest billions of dollars in imported coal power plants through various projects under CPEC?

China’s Belt and Road, and implications for ASEAN connectivity

By ANUSHKA KAPAHI

The ASEAN Master Plan for Connectivity (AMPC) and China’s Belt and Road Initiative have major commonalities. Both envisage transport connectivity as a way of bringing countries closer to one another, facilitating better access to trade, investment, tourism and people-to-people exchanges. Similar to the BRI project, AMPC calls for a system of roads and railways to link contiguous members of the Association of Southeast Asian Nations with one another, as well as a system of ports for vessels and short shipping routes to link Southeast Asian countries with one another.

23 April 2018

China’s currency displacing the dollar in global oil trade? Don’t count on it.

David Dollar and Samantha Gross

On March 26, China launched crude oil futures contracts priced in renminbi (RMB) on the Shanghai International Energy Exchange. These contracts are the first RMB-denominated futures that foreigners can directly buy and sell. China is also taking steps to begin paying for some crude oil in RMB rather than in U.S. dollars. These moves are raising questions about whether China intends to challenge the dollar’s role as the default currency for oil pricing and trading worldwide.


Beware the Xi Jinping reform trade, it may end up getting ‘trumped’

William Pesek

Chinese President Xi Jinping. It’s fair to wonder how far Xi can get in the next five years, protecting the root of all financial evil: a 6.5% growth target. In the space of 15 months, the “Donald Trump trade” went from bullish euphoria to complete puzzlement. Might market excitement over Xi Jinping follow a similar arc? The buzz in investment circles is how a newly supersized Chinese president—perhaps even holding power for life—will get a handle on Beijing’s excesses. Xi, the bulls say, just built a new economic dream team to rein in duelling bubbles in credit, debt, property, pollution and corruption.

CHINA—NOT TRUMP—COULD LOSE MOST IN A TRADE WAR WITH U.S.

BY BILL POWELL

While U.S. President Donald Trump stewed about Beijing on Twitter, Chinese President Xi Jinping played the role of the grown-up and struck a softer tone. On April 10, Xi said his country was committed to becoming a more “open” market. As evidence, he offered to reduce tariffs, particularly the 25 percent levy China slaps on imported automobiles, as well as the limits on foreign ownership of auto plants. The American president liked what he heard. “Very thankful for President Xi’s kind words on tariffs and auto restrictions,” Trump tweeted. After weeks of declines, U.S. stock prices soared in relief.

22 April 2018

The U.S. government is vulnerable to Chinese espionage or cyberattack because of its dependence on electronics and software made in China

David J. Lynch

The U.S. government is dangerously vulnerable to Chinese espionage or cyberattack because of its dependence on electronics and software made in China, a risk that threatens to grow as Beijing seeks global technological dominance, according to a study for a congressionally chartered advisory commission. Information technology products made by enterprises owned or influenced by China could be modified to work poorly, conduct espionage or otherwise interfere with government operations, said the report for the U.S.-China Economic and Security Review Commission, which is scheduled to be released Thursday. Much of the government’s annual $90 billion in spending on information technology is devoted to Chinese products, offering Chinese officials an opportunity to seed U.S. government offices with spyware and electronic back doors that could be exploited for cyberattacks, said Jennifer Bisceglie, chief executive of Interos Solutions, which conducted the study.

How China became a global power of espionage

Erica Pandey

As China’s influence spreads to every corner of the globe under President Xi Jinping, so do its spies. Why it matters: China has the money and the ambition to build a vast foreign intelligence network, including inside the United States. Meanwhile, American intelligence-gathering on China is falling short, Chris Johnson, a former senior China analyst for the CIA who’s now at the Center for Strategic and International Studies, tells Axios: “We have to at least live up to [China’s] expectations. And we aren’t doing that.”

The playbook

A Tariff-Free American Containment Strategy for China

James Roberts

To wage the hot peace of the twenty-first century against a newly expansionist Communist China, the United States must develop another tariff-free menu of options.The wise American policy architects of the Cold War who successfully walled-in the expansionist Communist Soviet Union behind its Iron Curtain didn’t need any tariffs in their tool kit. The only thing the USSR exported in any quantity was tyranny. Like their other products, it was an inferior good—dangerous and destabilizing.To maintain and promote a stable and prosperous postwar world, America contained and pushed back against Moscow by leading the West in building and maintaining a robust international institutional infrastructure for policy coordination and dispute resolution.

China’s Belt And Road Initiative: Ambition And Opportunity – Analysis

By Vincent Lofaso

For centuries, the Silk Road’s web of trading routes connected major civilizations in East Asia with the Middle East and the European continent. It facilitated not only commerce, but also the exchange of communication and thereby determined the development of the ancient world. In 2013, Chinese President Xi Jingping proposed to revive the Silk Road by developing a transportation network that would link China to the rest of the world. This flagship project called the Belt and Road Initiative (BRI) combines two main roadmaps. The first component is the Silk Road Economic Belt which is a land-based travel route that runs through six corridors and covers most of the nations in Asia and Europe.

21 April 2018

China and Russia are 'aggressively pursuing' hypersonic weapons, and the US can't defend against them, top nuclear commander says

Amanda Macias 

America's top nuclear commander said the U.S. doesn't have defenses against hypersonic weapons. "Both Russia and China are aggressively pursuing hypersonic capabilities," said Gen. John Hyten, commander of U.S. Strategic Command. Earlier this month, Russia announced a slew of new nuclear weapons as well as hypersonic missiles. America's top nuclear commander described a grim scenario for U.S. forces facing off against a new breed of high-speed weapons that Russia and China are developing. "We don't have any defense that could deny the employment of such a weapon against us," Air Force Gen. John Hyten, commander of U.S. Strategic Command, told the Senate Armed Services Committee on Tuesday. This means that, as of now, the U.S. has to rely on deterrence against these so-called hypersonic weapons, he said.

U.S. politicians get China in Africa all wrong


By Deborah Bräutigam 

Loans from China helped Uganda build a speedy new road to its main airport. But critics say the country is now too deep in debt to Beijing. Deborah Bräutigam is the Bernard L. Schwartz Professor of International Political Economy and director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies. Her latest book is Will Africa Feed China? In Washington, Republicans and Democrats generally look at China as a new imperial power in Africa: bad news for Africans. But is this really the case? Just before his visit to Africa last month, former secretary of state Rex Tillerson accused China of using “predatory loan practices,” undermining growth and creating “few if any jobs” on the continent. In Ethiopia, Tillerson charged the Chinese with providing “opaque” project loans that boost debt without providing significant training. As secretary of state, Hillary Clinton sang the same tune, warning Africans to beware of this “new colonialism.” China, we are often told, is bringing in all its own workers or “grabbing” African land to grow food to send back to feed China. 

Should the West suspect Chinese tech?

Karishma Vaswani

Both the US and UK have issued warnings about the Chinese technology and telecoms giant ZTE. The decision by the US Commerce Department to ban American firms from selling equipment to ZTE for the next seven years dates back to a case from a few years ago, when ZTE was accused by the US government of violating sanctions against Iran. At the time, the US said if ZTE refused to comply, there would be consequences. This week, the US made good on those threats and is hitting ZTE where it hurts. A shortage of US components is likely to cause ZTE to miss shipment deadlines and lose orders, according to investment firm Jefferies. It has cut its estimates for ZTE sales by 13.5% in 2018 and 7.6% in 2019.

Chinese Influence Activities with U.S. Allies and Partners in Southeast Asia


This report originally appeared as testimony before the U.S.-China Economic and Security Review Commission. Thank you to the Commissioners for convening this hearing today and inviting me to testify. The Commission has asked me to focus on assessing China’s relations with U.S. allies and partners in Southeast Asia—specifically, Thailand, the Philippines, Vietnam, and Singapore. I was also asked to address the various tools with which China seeks to influence these countries and their relations with the United States, and to provide related recommendations to the United States Congress.