The trade war damages both US and China’s economy, and global trade. Financial and political analyst Victor Shih, Ho Miu Lam Chair associate professor of political economy at UC San Diego and author of the forthcoming “Economic Shocks and Authoritarian Stability,” gives an overview of the damage in the Los Angeles Times.
Category Archives: trade
Consumers are changing their purchasing behavior because of the effects of the ongoing trade war between China and the US. Business analyst Shaun Rein tells the CityWireSelection who are the winners and losers of this war.
One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.
By blacklisting Huawei, the US started a new phase in the trade war, and China’s intention to blacklist US companies in retaliation does not really come as a surprise, says former US negotiator Harry Broadman to CNN Business.
Devaluating the Yuan and dumping US treasuries regular pop up as ‘nuclear options’ China has in its trade war with the US. Financial and political analyst Victor Shih explains why that might be a wrong idea. “These options are not credible, because they conflict with other important policy objectives of China,” he writes at the China File.
China has been checking its weaponry for the ongoing trade war and stopping the export of rare earths has been one of them. But China will have to be very selective in using this weapon, otherwise it might hurt itself more than the US, says economist Arthur Kroeber, according to CBS.
China’s leadership is still trying to figure out how to deal with US president Donald Trump. Making sense out of Trump has been harder than expected, says political analyst Victor Shih, author of Factions and Finance in China. in an extensive interview in the New Yorker.
China’s Belt&Road Initiative (BRI) has been praised and criticized extensively, as the massive investment program moves on. The main problem of BRI is that it fell short of the Chinese characteristics that other foreign investment initiatives characterized, says investment analyst Harry Broadman in a column in the Financial Times.