The ongoing Boao Forum in Hainan never attracted as much attention as this year, as China’s global aspirations expand, and US president Donald Trump is heading for a trade war, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post.
Category Archives: Donald Trump
Import duties – increased during a trade war – focus on goods, not services. Nevertheless, the Big Four accounting firms can still suffer from a trade war, writes Beida accounting professor Paul Gillis on his weblog. But those subtleties might not be spent on China when they are drawn into a full-scale trade war.
Unlike the bully-like approach of Donald Trump, China has sent a carefully calibrated messages, trying to avoid a devastating trade war, says renowned economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post and the Washington Post. China has more cards up its sleeves, he suggests.
The US announcement of tariffs on steel and aluminum was supposed to be a fit shot in the US-China trade war but left many US allies behind in disarray. Former US official Harry Broadman tries to make sense out of the mess Donald Trump has created, for Forbes.
The world was once again flabbergasted by the US trade measures since it did hurt designated trade enemy China less than potential US allies again China, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®. Behind those measures are efforts to design a whole new playbook, to change global economy, he tells both Livemint and Bloomberg.
May last year Robert Lighthizer was sworn in as US trade representative. He is the key person to watch when a trade war between China and the US is developing, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, in the South China Morning Post.
The world had one year to get used to Donald Trump’s approach to trade deals: bilateral trade deals rather than plurilateral regional trade deals. Former World Bank official Harry Broadman explains for Forbes why Trump’s approach for international deals is going to fail.
Is China going to replace the US as the global superpower in the near future? No, says China watcher Kaiser Kuo in SupChina. “Even if China and the U.S. continue to grow at roughly their current rates, China’s per capita GDP won’t have overtaken that of the U.S.”
Shaun Rein’s long-awaited new book The War for China’s Wallet: Profiting from the New World Order is now available at Amazon and possible a bookstore near you. “This book covers more geopolitics than my previous two books and looks at how China is cementing its power through economic carrots/ initiatives like One Belt One Road and by punishing countries like Norway and companies like Lotte that do not follow its wants politically. The book looks at how China is dealing with Southeast Asia, the Korean Peninsula, the Middle East, and how the US needs to respond,” he writes at the publisher’s website.
The efforts by the Public Company Accounting Oversight Board (PCAOB) to get access to Chinese data from US-listed Chinese firms went into a new phase as it banned a Hong Kong accounting firm, reports Beida accounting professor Paul Gillis on his weblog. It could be a new item on Trump’s China agenda, he suggests.