It’s a Chinese saying about Japan and a great piece in the Guardian about the future relationship between the two East Asian giants. In its view, Trump is but a symptom of the inevitable US disengagement from Asia, and from that point on, Tokyo has only the option of going nuclear.
Two numbers speak by themselves : 42 per cent less Chinese outbound acquisitions in the last twelve months, as the State is clearly opposed to buying football clubs and other extravagant foreign shopping by the likes of Fosun, Wanda or Suning; but full steam for mergers and acquisitions related to Belt and Road projects, with…… Continue reading Chinese Policy-driven acquisitions
The West does not really know China, but has to understand it based on this incomplete knowledge. Of course, the Popular Republic prefers to hide its game, but the others neither do not make a great effort to raise their game.
France, like the rest of Europe, enjoys a certain reprisal of the economic activity. Their problem is that imports contribute more and more to growth, up to a third of the internal consumption. It stayed to around 15 per cent until the end of the sixties, and then grew constantly, no doubt as a result of the…… Continue reading Made in France, but less and less
It is not yet entirely clear for me if the US new sanctions on Russia, the Nord Stream 2 project, and all the ensuing spats between Europeans and Americans, are about gas, defense & foreign policy, or about a larger autonomy of the Europeans, not entirely approved by the US. Somehow paradoxically, the Western Europeans…… Continue reading The Foreign Policy of Gas
Even if a symbolic step, it is important as such to have the military moving easier from one country to another. By the way, how is it to put an entry visa on the passport of an US general in an EU country ? Or does the customs clearance have its word to say !?
The New York Times draws a picture of incoherence about Trump’s trade policy : much trumpeting, little action; when action is nonetheless taken, it’s like barking at the wrong tree. steel no more a priority : so much fuss about the Section 232’s national security exception for nothing !? surtaxes on Canadian lumber, with residential…… Continue reading A Confused US Trade Policy