Less than a week after the first mention of a Section 301 investigation on China and intellectual property appeared, Charlene Barshefsky responds by saying that, yes, China does not play by the rules and that doing business in China is more complicated by the day, that their reaction will be “very aggressive”, that Obama did…… Continue reading Section 301’s gathering … clouds
The book by Bergsten and Gagnon is most probably the intellectual foundation for the new US unilateralism. The solutions proposed are from the macro & currency realm, especially the “Currency Counter-Initiative”, but the most probable measures, even if as second-best, are again from the trade policy arsenal.
Could “controlled chaos” be UK’s Brexit real strategy !? Not probable. Not impossible.
A kind of conundrum in the way of Chinese privatizations: After more than three decades of trials and experimenting, Beijing is still looking for the best way to turn state-run firms into modern, profitable and efficient businesses that will at the same time stay loyal to the ruling Communist Party. For the moment, only minority…… Continue reading China : how to privatise without losing control
Donald Tusk may be subjective in the end about Poland toward the exit. But demanding reparation from Germany for WW2, as the Polish Parliament just did it, is a very objective posturing and it does not bode well for the future.
There are also Germans who think the trade surplus is a real problem. Here, Thiess Petersen. How ? Through (1) fiscal measures (VAT lowering, hence higher internal consumption), (2) higher wages (ok, what about export competitiveness then), (3) infrastructure projects (green energy, new technologies, etc). Otherwise, Economics 101 tells us that a big surplus can…… Continue reading German Surplus : how to import more
So, all the fuss about China trade will end (or rather continue) with an investigation under the once-famous Section 301, its first invocation since 1995 and the WTO. The main point of attack is apparently … the intellectual property and the forced transfer of technology in the joint-ventures under the Chinese legislation, which is in…… Continue reading Section 301 revives against China