The Chinese yuan has breached a key seven-per-U.S. dollar exchange rate on Aug. 5, for the first time in 11 years. The seven-per-dollar benchmark is significant because the Chinese regime has said that rate would be the bottom threshold that ensures that foreign investors wouldn’t move out of China. A higher exchange rate would allow Beijing to
China’s falling savings rate coupled with increasing government directed investment rate threatens a balance of payments crisis that could crash currency and asset values. China became the “factory to the world” and built incredible infrastructure over the last three decades based on the strength of individual savers who remembered the hard times of the Great
Commentary The Sino-U.S. trade war morphing into a technology war is giving Hong Kong the opportunity to regain some lost leverage over the Chinese Communist Party. Beijing historically kept a low profile in Hong Kong to facilitate the city as a conduit for the flow of foreign technology and investment into the mainland Chinese economy.
Staffers at Chinese telecom giant Huawei have previously worked for Chinese intelligence or military agencies, according to an analysis of employment records from thousands of employees that have been leaked online, raising further questions about the company’s ties to the Beijing regime. A recent study by Christopher Balding, an associate professor at Fulbright University Vietnam, conducted with the UK-based think tank Henry Jackson Society,
China President Xi Jinping came to the G-20 summit meeting in Japan with Trump as a supplicant and left having narrowly escaped disaster. Xi faced a flagging economy at home and a popular uprising in Hong Kong. In fact, the political crisis that his hardline policies towards the former British colony have caused is so sensitive
Three South Korean companies have recently shut down some of their production facilities in China, after taking a cue from South Korean tech giant Samsung Electronics. Automakers Hyundai Motor and Kia Motors, and tech giant LG Electronics decided to execute a long-overdue decision to shift production out of China, after seeing Samsung announce such a
Commentary Not that long ago, so it seems, my politically enlightened friends complained about the United States’ trade policy with China. Why, they would ask, do we give “most favored nation” status to a country that suppresses free speech, stifles dissent, brutalizes its citizens, ignores intellectual property law, and uses slave or prisoner labor? On
WASHINGTON—The current U.S.–China trade dispute could shave 0.5 percent off the global economy, International Monetary Fund (IMF) chief Christine Lagarde said on June 5. Speaking at the American Enterprise Institute, Lagarde defined trade as a “major growth engine” for the world economy. And any brakes on trade, she said, such as tariffs and nontariff barriers, would put a brake
Commentary When people believed the 14-month U.S.-China trade negotiations were finally drawing to a satisfactory close, Beijing made a surprising move to backtrack on all major agreements, to the great annoyance of Washington. In addition to the ensuing tariff increase, the overall U.S.-China bilateral relationship is also heading towards a danger zone. According to Forbes,
Editor’s Note: This is an abridged translation of an article by Wang Shangyi, which was originally published in SecretChina on May 27. The additional 25 percent tariff imposed by the United States on $200 billion worth of Chinese goods will trigger a new round of factory closures in China, driving economic collapse. After more factories close, foreign exchange
During the Cold War, around half of the world ran on the technologies, machinery, and political ideologies developed by the Soviet Union. The other half—the free world—adopted those of the United States and its allies. As trade war tensions between the United States and China escalate, could we be on the cusp of a new
For years now, the US Chamber of Commerce, which has sponsored the ASEAN Business Outlook Survey, has identified corruption as a major challenge to doing business in the ASEAN region. In January 2016, Transparency International (TI), an anti-corruption organisation based in Berlin, released its Corruption Perceptions Index. “Based on expert opinion from around the world,”
The much anticipated debate between Fox Business Network’s news anchor Trish Regan and Chinese state media CGTN’s host Liu Xin about the ongoing US–China trade dispute was finally on air the morning of May 29. It all started after Ms Regan said on her show ‘Trish Regan Primetime’ on May 14 that the United States
WASHINGTON—The U.S.–China trade dispute has escalated recently with both sides slapping new tariffs on each other. While tariffs have a meaningful effect on the world’s two largest economies, restrictions on investment and the flow of technology will be much more disruptive, experts claim. Many Chinese businesses and the regime’s leadership grasp that this isn’t just a tariff war, according
The real “trade war” between the United States and the Chinese regime is just starting. Right now, the playing field is merely being laid out in a way that allows companies to compete on fairer grounds, with honest businesses able to win through rule of law. The United States has begun to fight back against
China’s biggest chipmaker announced it would delist from the New York Stock Exchange (NYSE), amid intensifying tensions between the United States and China following recent U.S. sanctions against Huawei. Semiconductor Manufacturing International Corp. (SMIC), in a statement on its website on May 24, said it notified the NYSE of its intention to delist its American depositary receipts
In the studio of Typesettingsg situated at Pearl’s Hill Terrace, composing sticks, trays of metal types, printing presses and inks – remnants of a forgotten traditional art – are found lying on the table, stacked on shelves or kept in the drawers. There is a certain beauty and elegance to this traditional art that reflects
Fashion Makerspace I have an unused electric sewing machine hidden under my bed. I bought it from an electrical fair, and left it there for years as I simply wasn’t very sure how to operate a sewing machine. I certainly love to make my own clothes. On top of that, it is every little girl’s
WASHINGTON—The recent U.S.–China trade dispute has prompted the biggest capital outflow from Chinese equities in nearly four years. More than $6 billion of capital has fled China’s stock market since May 6, according to data compiled by the Institute of International Finance (IIF). Tensions escalated between the United States and China when Trump wrote in
Several Japanese companies are moving some of their production lines out of China, in a move to avoid paying for current U.S. tariffs on Chinese-manufactured goods, as well as possible future tariffs—as there is no sign of an imminent trade deal between Beijing and Washington. Southeast Asian countries such as Thailand, Cambodia, and Vietnam have already
