Hope so. Though not very convinced by the higher wage hence higher inflation explanation. Wouldn’t be related to this ? Advertisements
The US seems to use the Chinese island as a bargaining chip by voting the Taiwan Travel Act, while the Popular Republic is said to plan a reunification for 2020.
There’s a lot of buzz about the book on Trump’s White House. But the most interesting and potentially far-reaching piece of information of last is the supposed halt (or at least slowing) of Chinese placements in US Treasury Bonds. Of course, no direct link can be established with the Huawei / ATT and Ant Financial /…… Continue reading Chinese Payback
US blocked again Huawei’s entry into its market through the association with ATT. And after Moneygram’s failed acquisition by Ant Financial (Alibaba Group), it begins to look like a recurrent pattern. The US is more or less reciprocating the Chinese treatment of foreign firms in the internal market, and so long to the free trade phantom.
From On the Brink. Inside the Race to Stop the Collapse of the Global Financial System (2010), by Henry L.Paulson, US Treasury Secretary between 2006 and 2008. [The moment is Sunday afternoon, September 14, 2008, just before the opening of the Asian markets, when he eventually realizes that Lehman will not be rescued by the UK’s Barclays…… Continue reading “To reflect God, infinite Mind”
European States had no problem letting the Chinese telecom giant supply equipments for mobile networks, while the US refused its access from the very beginning. In the meantime, some start questioning the European approach and the supposed neutrality of Huawei in relation to the Chinese State.
At the WTO’s Buenos Aires Ministerial, US, Japan and EU teamed up against the Chinese mercantilist practices : intellectual property theft, state-owned enterprises, overcapacity, etc. Moreover, USTR Lightizer attacked the World Trade Organization as an institution and “said the WTO was focused too much on refereeing legal complaints, which distracted from its core mission of…… Continue reading “A litigation-focused organization”