The European Union is eventually recognizing China as a market economy, which is a big leap forward for the Middle Kingdom, both as international status and for the antidumping investigations. But in the same time, the EU will have recourse to a special formula for calculating anti-dumping duties against countries whose markets are deemed to…… Continue reading Is Europe going Chinese on trade ?
The US tax cuts would imperil the Chinese competitivity !? The new territorial system (taxation dependent on the economic activity on US soil) should entice big US corporations repatriate their activity (and revenues) from China, but should we expect the Chinese companies move their activity to the US because of the tax advantages ? It…… Continue reading Fiscal race-to-the-bottom
Stiglitz on globalisation. Between keep-on-going with more of the same and the protectionist closing, he advocates the Nordic model: There is a third approach: social protection without protectionism, the kind of approach that the small Nordic countries took. They knew that as small countries they had to remain open. But they also knew that remaining…… Continue reading Social protection without protectionism
Last year, there were still doubts if China was making life more difficult to the foreign companies. Today, such questioning seems already senseless : German companies are complaining about the obligation to insert a Communist Party member in the leading structure of every foreign company and they even threaten to quit the country. Could they…… Continue reading The Political Great Wall
It looks like the US has finished its strategic patience related to China. At one time, a “Washington consensus” had assumed closer economic integration with China would encourage Beijing to open its markets and provide greater opportunities for foreign companies. That agreement has now changed. Many policymakers in the US capital today say carrots are…… Continue reading US China Trade : Strategic Anxiety ?
China is eventually not having an easy access in Central and Eastern Europe, which leaves some hope about Continent’s unity and coherence, and the Middle Kingdom’s not-so-ineluctable triumphal march. But this week should see the start of the high-speed railway between Belgrade and Budapest, while the EU is still looking for an adequate response.
For some, the APEC meeting was a great step forward in order to conclude the TPP-11 (without the US), but for others it was rather a step back because of Justin Trudeau. Where’s the truth ?