Well, not so unexpected in the end : the brexit referendum was a lot about foreign workers in Britain and their supposedly unfair advantages. Advertisements
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
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
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 ?