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”
The New York Times has a solid article about the Chinese internal consumption potential, with some rural areas already surpassing the great urban areas as annual growth.
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.
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.
Two strong ideas from dr. Yukong Huang from Carnegie Endowment : first, China is a different economic actor (neither capitalist, neither socialist) to which many of the usual assessment tools do not apply (on debt, bubbles, etc). So, the West does not really understand the Chinese economy and its policy toward China is based on…… Continue reading “A very practical solution” : corruption
The Germans are afraid that their wonderful mid-sized industrial companies will not be able to make the transition to Industrie 4.0, the digitization of the industry, and that the Americans, if not the Chinese, will establish the new standards.