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
In fact, despite all the Chinese muscle lately shown, the country is still economically “dependent” on the US. Justin Yifu Lin : In China, per capita income is about one-fourth that of the US in PPP terms, and about one-seventh nominally, while average labor productivity is low. This makes it less likely that the US and China…… Continue reading China Putting “America First”
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 ?
Well, “Indo-Pacific” was not a slip of the tongue, a new maritime Quad (US, Japan, India, Australia) has the potential of a future Asian NATO, China-centric of course.
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 ?
So, they prepared it for several months, but all they got is a little more than thin air : GM and Boeing contracts are about normal business, while the Alaska LNG has a long way to go before getting to China.