Tag: China

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David French of National Review and Greg Corombos of Radio America discuss Hong Kong hitting pause on an extradition agreement with the Chinese government following massive protests. They also examine the Supreme Court’s approach to Christian vendors vs. the LGBT agenda. They consider what comes next after Iran’s decision to exceed the low-grade uranium limit […]

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Jim Geraghty of National Review and Greg Corombos of Radio America discuss what readers can expect in Jim’s new book, Between Two Scorpions. Joe Biden flip-flops on trade and calls President Trump “an existential threat” to the United States. Meanwhile, Democrats in Iowa grow more uncertain as to who they will support from the busload […]

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We recently had a great conversation with trade expert, Clark Packard of R Street Institute. We discuss the lifting of the steel and aluminum tariffs on Mexican and Canadian imports, the prospects for ratifying USMCA, and the tools available to address Chinese trade abuses. Packard lays out his case that the US has more tools […]

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What’s Missing from Trump’s China Policy

 

The Dow plunged 450 points on the opening bell May 6 in response to this presidential tweet: “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No! The 10% will go up to 25% on Friday.” Economists eye this brinkmanship fearfully. Bank of America/Merrill Lynch’s global research team, among many others, has warned that a trade war could cause a global recession. Desmond Lachman of AEI notes that there are splash back effects of imposing harsh tariffs. They may succeed in weakening China, but “Any marked slowing in the Chinese economy is bound to have spillover effects on those economies with strong trade links to that country.”

Among those countries with “strong trade links” to China would be ours. Lachman is warning that Trump’s policies may be undermining the strong economy, and that this should worry him looking at 2020. But before we get there, spare a moment to savor the irony of what Trump’s policies have so far achieved on one of his favorite 2016 hobbyhorses — the trade deficit. In 2016, the goods and services trade deficit with China stood at $309 billion (which Trump frequently exaggerated to $500 billion). As of March, 2019, the trade deficit with China was $379 billion — a 23 percent increase.

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How Is This Tech Cold War with China Supposed to Work, Exactly?

 

Let’s assume the Trump White House blacklisting of Huawei in effect marks the beginning of a full-fledged Tech Cold War between America and China, complete with a Digital Iron Curtain. The full metaphor. How then does the conflict end in an American victory? And what does that even look like? Have the tech cold warriors, both within the White House and externally, given serious thought to any of this?

We know how the more comprehensive Cold War 1.0 concluded, with the dissolution of the Soviet Empire in 1991. It was a collapse that some predicted was inevitable. But at the time many others thought the scenario so unlikely as to be unworthy of speculation. The whole idea of 1970s detente was based on the perceived durability of the USSR. And this view held nearly to the very end. For example: The 1984 film “2010: The Year We Make Contact” was a sequel to the 1968 Stanley Kubrick-directed film “2001: A Space Odyssey” and concerns a joint US-USSR deep space mission.

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China Has a Master Economic Plan. Is It Better Than America’s?

 

Former Trump White House adviser Steve Bannon told CNBC viewers today that China has “a master plan to become an economic hegemon.” I mean, yeah. Sure. A quarter millennium ago, China was the world’s largest economy and it is no doubt eager to regain that position if possible. And not just in terms of nominal GDP, but also as an economy on the technological frontier. Thus its efforts to leap forward in advanced manufacturing and AI.

The former, GDP, is easier to measure than relative tech prowess. Well, not that easy. My AEI colleague Derek Scissors has argued that “claims that China’s economy is already the world’s largest may be exaggerated by up to 30%.” And a comparison of national wealth shows “the American lead expanding.” But clearly the Chinese economy is pretty big and getting bigger and is technologically sophisticated in a way that the Soviet Union never was.

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Welcome to the Harvard Lunch Club Political Podcast for May 15, 2019 it is the FREE LUNCH (Yesss!) edition of the show, number 224 (omgggg) with you charmingly lunchable hosts radio guy Todd Feinburg and AI guy Mike Stopa. This week, we begin with an assessment of the Dems race to the bottom. Who can […]

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was the title of a campy sci-fi/horror film of the the 1960s. Of course, Mars is a frozen, airless rock spinning in infinity and needs nothing. China, on the other hand is a nation on Earth. In 1979, the Chinese Government adopted a policy of allowing, subject to certain exemptions, each family to have only […]

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Jim Geraghty of National Review and Greg Corombos of Radio America pour three crazy martinis. They marvel at the pathetic attacks on Attorney General Bill Barr from Senate Democrats – from ad hominem attacks to slamming legal positions they held strongly until the past few weeks. They also groan as Hillary Clinton continues to insist […]

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Joel Kotkin joins Seth Barron to discuss China’s urbanization, class tensions in Chinese cities, and the country’s increasingly sophisticated population surveillance. Rapid migration from China’s countryside to its cities began in 1980. Many of the rural migrants arrived without hukou, or residential permits, making it harder to secure access to education, health care, and other services. The result: the […]

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I don’t work in IT, but I read an Axios article that argued that Huawei now controls 50% of the Fifth Generation market. It argued that this would allow China to access and control much of the world’s data, and if they beat the US to the Sixth Generation they would pull away from the […]

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Is America Worrying Too Much About China’s Rise?

 

Recall the 2010 “Chinese Professor” television commercial from Citizens Against Government Waste. It depicted a futuristic Beijing classroom where students hear a triumphalist lecture on American decline. Despite (or maybe because of) its questionable economic substance, the ad really struck a nerve. (It currently has some 3 million YouTube views).

At the time, writer James Fallows called it the “first spot from this campaign season you can imagine people actually remembering a decade from now.” And I think he was right about that, probably because “Chinese Professor” tapped into both pre-Trumpian concerns America was no longer great and that fast-growing China was ready to surpass the United States as global hegemon just at the US surpassed Great Britain. Indeed, that angst probably gave added resonance to President Trump’s MAGA message, one that when he delivered it in the 1980s focused on Japan as the rising Asian threat.

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It’s Still Unclear What the US-China Trade War Is Really All About

 

“Jaw, jaw is better than war, war” is one of those well known Winston Churchill quotes that Churchill apparently never said. (Or at least not exactly like that.) But it’s still a pretty catchy phrase and not a bad first instinct. So from that perspective, perhaps, the results from the US-China trade negotiations in Buenos Aires are to be welcomed. Talks resulting in an agreement for more talks over the next three months is a pretty good alternative to a severe intensification in the ongoing trade conflict between the nations.

So here we are: The American tariff rate on $200 billion in imports from China will stay at 10 percent rather than rising to 25 percent. And China, according to the Trump administration, will “purchase a very substantial amount of agricultural, industrial and energy, products.”

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Every year around this time I start looking at lists of recent movies that have garnered acclaim overseas and at film festivals to see if there’s anything that I should be aware of that might not have gotten any attention or release in the U.S. Over on the movie rating website Letterboxd I came across […]

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For this week’s Big Ideas with Ben Weingarten podcast, my guest was Rich Higgins. Higgins, an expert in unconventional warfare and combatting terrorism with over 20 years experience at senior levels of the Defense Department, and early supporter of President Trump, served as director for strategic planning in President Trump’s National Security Council (NSC). More

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From Rorate Caeli: Der Spiegel is the most important center-left weekly in Europe. Created in post-war Germany, it provides every week the “acceptable view” for liberal minds in the Federal Republic and, therefore, in all of Europe. It is the essential “Gutmensch” media source. More

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If the Old US-China Game Is Over, What Comes Next?

 

Phrase it whatever way you prefer. As my CNBC colleague said today on “Squawk on the Street,” “I think the president is saying, ‘Hey, listen guys, you are not going to make as much money in China as you used to. That game is over.’”

Or as my AEI colleague Derek Scissors writes in a new blog post, “…the Sino-American economic relationship is going to shrink, sooner or later.”

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I just came across this interview by The Epoch Times with Rosemary Gibson, co-author of the book China Rx: Exposing the Risks of America’s Dependence on China for Medicine, which outlines yet another very discouraging and horrifying example of our complete insanity on being dependent on China for our basic, critical needs: Interview: ‘China RX’ Author […]

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Did the ‘Deep State’ Deep Six Pentagon’s Lovinger Over Discovery of Shady Defense Department Contracts to FBI Trump Informant Stefan Halper?

 

For this week’s Big Ideas with Ben Weingarten podcast, I had Sean Bigley, a national security attorney who prosecutes intelligence community whistleblower retaliation cases, on to discuss the chilling alleged effort to destroy his client, Adam Lovinger, following his discovery of shady Defense Department contracts made out to among others, Trump campaign FBI informant Stefan Halper.

Lovinger, a highly regarded Pentagon analyst, has found his career ruined, allegedly due to whistleblower retaliation for raising the Halper issue and several others — first losing a prominent position in the Trump National Security Council (NSC), then having his security clearance revoked and finally being suspended without pay altogether while trying to litigate four separate cases against the officials who targeted him.

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The East Is Red

 

With more than $1 billion in debt to China, last year Sri Lanka handed over a port along with 15,000 acres of land to companies owned by the Chinese government. China is stepping up its public diplomacy efforts to win friends and influence people in the Asia-Pacific region. According to a new study released recently by AidData from the College of William and Mary, from 2000 to 2016, China spent more than $48 billion in the region, 95 percent of which went to infrastructure investments.

The study found that China has tailored its strategy for different receiving countries based on local factors such as internet penetration, the size of the Chinese diaspora, and popular discontent. The target audience for China’s public diplomacy efforts in a receiving country includes public officials, civil society and private sector leaders, journalists, academics, students, and other relevant socioeconomic or political sub-groups.

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