The Big Ideas

The Poem that Cost Billions

The billion dollar losses that came from quoting an 1,100-year-old poem, toWhy foreign companies in China have Stockholm Syndrome
May 12, 2021
CHINADebate
Malcolm Riddell
Founder of CHINADebate
Malcolm Riddell
Founder of CHINADebate

'A 1,100-Year-Old Poem Cost Meituan’s Outspoken CEO US $2.5 Billions'

‘On Monday, because of an 1,100-year old poem about events 2,200 years ago posted by the founder of food delivery giant Meituan, investors panicked, and sank the company’s market cap by $15.6 billion. And Meituan CEO Wang Xing, who posted the poem, lost $2.5 billion of his wealth.’
May 10, 2021
Bloomberg

'The Housing Bubble That Just Won’t Pop'

‘China’s cities are plagued by a diverging trend: high demand and exorbitant prices for residential properties in tier 1 cities and yet an oversupply in smaller, lower-tiered cities.’
May 9, 2021
The Wire China
Hannah Reale

'Western companies in China succumb to Stockholm syndrome'

‘Senator Marco Rubio of Florida has a point when he calls Delta Air Lines “the height of hypocrisy” for opposing voter legislation in the US state of Georgia while partnering with a government he accuses of being “actively engaged in genocide” in Xinjiang.’
May 5, 2021
Financial Times
Jamil Anderlini | Financial Times

'The Surprising Strength of Chinese-Japanese Ties'

At their summit in April, ‘after years of veiled messaging Japanese Prime Minister Yoshihide Suga U.S. President Joe Biden, ‘formally acknowledged that they are working together to deter China’s military power in Asia and compete with China economically.’
May 4, 2021
Foreign Affairs
Tobias Harris | Center for American Progress

'How Will the Digital Renminbi Change China?'

‘China's new digital renminbi by itself will not help the currency to challenge the US dollar’s global dominance.’ ‘Its true significance instead lies in its potential to shift the competitive balance of power between the country’s technology giants and traditional banks.’
May 3, 2021
Project Syndicate
Shang-Jin Wei
Professor, Columbia University & former Chief Economist, Asian Development Bank
Shang-Jin Wei
Professor, Columbia University & former Chief Economist, Asian Development Bank

'Fanning the Flames of War'

I recently received an email from a former U.S. ambassador and influential senior foreign policy expert taking me to task for publishing so many hawkish posts about U.S. policy toward China in the ‘China Macro Reporter.’ These are, he said, ‘in some ways fanning the flames of a potential war. Please back down, at least a bit.’ ‘This is not the Malcolm I remember or know,’ he ended.
May 2, 2021
CHINADebate
Malcolm Riddell
Founder of CHINADebate
Malcolm Riddell
Founder of CHINADebate

‘A trend for hostility toward China, inflamed under Trump, is a recipe for American failure’

‘A trend for hostility toward China, inflamed under Trump, is a recipe for American failure.’ ‘Hostility toward China, much of it misinformed historically and strategically, has deepened in the United States in recent years, with a consensus hardening among both Republicans and Democrats that China is at root an adversary that must be thwarted.’ ‘Four years under President Donald Trump have enlarged and inflamed that trend, but it is a recipe for American failure.’ ‘The Joe Biden administration needs to seriously rethink Washington’s approach to Beijing.’
May 2, 2021
Global Asia
Kishore Mahbubani | National University of Singapore & author of 'Has China Won?'

'World Economic Outlook, April 2021: Managing Divergent Recoveries'

‘The upgrades in global growth for 2021 and 2022 are mainly due to upgrades for advanced economies, particularly to a sizeable upgrade for the United States (1.3 percentage points) that is expected to grow at 6.4 percent this year.
Apr 30, 2021
IMF
Gita Gopinath | Economic Counsellor & Director of the Research Department, IMF

'China Inside Out: A Conversation with Susan Shirk & Tony Saich'

‘The centralization of power, quite predictably, leads to this kind of echo chamber effect, which is really quite dangerous. And it's something that we should be factoring in when we think about how to deal with China now.’
Apr 26, 2021
Harvard Kennedy School
Tony Saich
Professor, Harvard Kennedy School of Government
Susan Shirk | UC San Diego
Tony Saich
Professor, Harvard Kennedy School of Government

'The New Age of Autarky'

‘The United States, China, and India are each now engaged in what seems like a paradoxical enterprise: the quest to increase their global status while also turning inward to become more self-sufficient.’
Apr 26, 2021
Foreign Affairs
Scott Malcomson | Strategic Insight Group and Futuremap

'Xinhua News Agency on the "Strategic Competition Act of 2021" in the U.S.' | 新华社评美“2021年战略竞争法案”

‘The bill is full of Cold War mentality and ideological prejudice, wantonly misinterpreting, slandering and discrediting China's development strategy and domestic and foreign policies, and grossly interfering in China's internal affairs.’
Apr 24, 2021
Xinhua News Agency
Editorial

'Xi at the Climate Summit: Domestic Obstacles to Carbon Neutrality'

‘Xi’s reticence at the summit could be driven by domestic considerations. He needs to balance divergent interests between domestic industrial groups and international expectations, the need to show China’s green image and also not be seen as caving to U.S. diplomatic pressure.’
Apr 23, 2021
The Washington Post
Garry Shih

'A new era of bipartisanship on China in Congress?

‘The Strategic Competition Act codifies a bipartisan U.S. position on a range of China-related issues and telegraphs to U.S. allies the federal government is unified.’
Apr 23, 2021
AXIOS
Bethany Allen-Ebrahimian

'Threat of Chinese sanctions tests Japan's resolve on Taiwan'

"We advise Japan to stay away from the Taiwan question. The deeper it is embroiled in, the bigger the price it will pay." Communist Party-backed Global Times' editorial.
Apr 21, 2021
Nikkei Asian Review

'Beijing won total control of Hong Kong. Now, the "brainwashing" begins.'

April 15 was not a normal Thursday in Hong Kong. That occasion, the first “National Security Education Day” since China imposed a tough security law in June, was the most visible display of Hong Kong’s fall from a relatively free, boisterous territory to an ­Orwellian place that resembles the repressive mainland.’
Apr 20, 2021
The Washington Post

'Xi calls for new world order (again)'

‘We must not let the rules set by one or a few countries be imposed on others, or allow unilateralism pursued by certain countries [read America] to set the pace for the whole world.’
Apr 20, 2021
Financial Times

‘The US-Japan Joint Statement grossly interferes in China's domestic affairs'

‘The US-Japan Joint Leaders' Statement grossly interferes in China's domestic affairs and severely violates basic norms governing international relations. China deplores and rejects it.’
Apr 19, 2021
Ministry of Foreign Affairs, PRC
Wang Wenbin | Ministry of Foreign Affairs

'Taiwan in US-Japan statement: show of resolve or diplomatic calculus?'

"The statement shunned more specific language like 'defend Taiwan' to avoid unnecessarily provoking China."
Apr 18, 2021
Nikkei Asian Review

'Margaret Ng's Statement at Conclusion of Today's Trial'

‘There is no right so precious to the people of Hong Kong as the freedom of expression and the freedom of peaceful assembly.’
Apr 17, 2021
Jerry's Blog
Jerry Cohen

'Is growth in China soaring or slowing?: The answer depends on how you calculate growth'

‘It was China’s fastest growth on record, underlining the strength of its recovery. Yet it also illustrates the oddities in how GDP is reported.’
Apr 17, 2021
The Economist

'Breaking China’s Stranglehold on the U.S. Rare Earth Elements Supply Chain'

‘China’s control of the supply of usable, refined rare earth elements undermines U.S. security and that of its allies.’
Apr 16, 2021
American Foreign Policy Council
Larry M. Wortzel & Kate Selley

'Hong Kong Newspaper Tycoon Jimmy Lai Jailed Over Role in Peaceful Protests'

“The wrongful prosecution, conviction and sentencing of these activists underlines the Hong Kong government’s intention to eliminate all political opposition in the city,”
Apr 16, 2021
The Wall Street Journal | The New York Times | The Guardian

'China’s economy springs back from pandemic hit with record growth'

“The headline year-on-year data really doesn’t tell us the story of how the economy has performed in the first quarter . . . in fact that performance was a bit disappointing. The silver lining is that March was better than the first two months.”
Apr 16, 2021
Financial Times

U.S.-Japan Joint Leaders’ Statement: “U.S. - JAPAN GLOBAL PARTNERSHIP FOR A NEW ERA”

‘President Biden and Prime Minister Suga exchanged views on the impact of China’s actions on peace and prosperity in the Indo-Pacific region and the world, and shared their concerns over Chinese activities that are inconsistent with the international rules-based order, including the use of economic and other forms of coercion.’
Apr 16, 2021
The White House

'TSMC faces pressure to choose a side in US-China tech war'

‘Taiwan Semiconductor Manufacturing Company (TSMC) has maintained its historic position of neutrality, reflected in the company’s strategy of “being everyone’s foundry”.’
Apr 15, 2021
Financial Times

'Biden’s Afghanistan Withdrawal Is a Blow for China'

‘President Joe Biden’s decision to withdraw U.S. and NATO troops from Afghanistan at the end of summer is likely to confound Chinese calculations, both economic and geopolitical.’
Apr 15, 2021
Bloomberg

'2021 Annual Threat Assessment of the U.S. Intelligence Community'

‘China increasingly is a near-peer competitor, challenging the United States in multiple arenas—especially economically, militarily, and technologically—and is pushing to change global norms.’
Apr 13, 2021
Office of the Director of National Intelligence

China in Jamie Dimon's Letter to Shareholders

‘China does not have a straight road to becoming the dominant economic power’.
Apr 11, 2021
JPMorgan Chase: Annual Report 2020 | Chairman & CEO Letter to Shareholders
Jamie Diamon | JPMorgan Chase

'Why manufacturing matters to economic superpowers'

‘Whether such reshoring matters for national economies depends very much on the industry.’
Apr 11, 2021
Financial Times
Rana Foroohar | Financial Times

'Alibaba’s rivals on alert after China’s regulators hand out record fine'

“Everyone with a clear mind won't self-regulate, you just pretend that you do. Who will pay for the loss if you lost your competitive advantage because you self-regulated and others didn't?”
Apr 11, 2021
Financial Times

Alibaba: 'Promote the healthy and sustainable development of the platform economy'

‘From the perspective of the long-term and healthy development of the platform economy, regulation by law and support for development are not contradictory, but are complementary and mutually reinforcing.'
Apr 10, 2021
The People’s Daily
Wu Qiuyu & Lin Lili

'Buy American!': Pushing U.S. Companies to Onshore Supply Chains

The debate about how to deal with China commercially ‘has moved in two directions: running faster—improving our innovation capabilities in critical technologies to better compete with China—and slowing China down by restricting its access to U.S. technology.’
Apr 6, 2021
Center for Strategic & International Studies (CSIS)
Bill Reinsch
Senior Adviser and Scholl Chair in International Business
Bill Reinsch | CSIS
Bill Reinsch
Senior Adviser and Scholl Chair in International Business

'Train Wreck: Ultimately companies have to choose.’

MUST READ: Bill Reinsch succinctly but brilliantly summarizes the situations in China and the U.S. and between the two.
Apr 6, 2021
Center for Strategic & International Studies
Bill Reinsch
Senior Adviser and Scholl Chair in International Business
Bill Reinsch
Senior Adviser and Scholl Chair in International Business

'Why Defending Taiwan is in the U.S. National Interest'

‘As long as Washington assesses that American security is best served by defending forward—an approach that has served the United States well over the past 70 years—Taiwan’s de facto independence will remain a key US interest and driver of American policy in Asia.’
Apr 4, 2021
Journal of Indo-Pacific Affairs | U.S. Air Force
Michael Mazza

'Why China Is Going All "Wolf Warrior," All the Time'

‘All this is to say that, living in Beijing as I do, I think the current approach is predictable and consistent with everything else we are seeing in China in the New Era.’
Apr 4, 2021
CHINADebate
Malcolm Riddell
Founder of CHINADebate
Malcolm Riddell
Founder of CHINADebate

'With Swarms of Ships, Beijing Tightens Its Grip on South China Sea'

‘Not long ago, China asserted its claims on the South China Sea by building and fortifying artificial islands in waters also claimed by Vietnam, the Philippines and Malaysia.’
Apr 3, 2021
The New York Times
Steven Lee Myers & Jason Gutierrez | The New York Times

'US to make it easier for diplomats to meet Taiwanese officials'

'Plan to loosen restrictions on contacts with Taipei threatens to provoke China.'
Apr 2, 2021
Financial Times

USTR | '2021 National Trade Estimate Report on FOREIGN TRADE BARRIERS'

‘Made in China 2025 seeks to build up Chinese companies in the ten targeted, strategic sectors at the expense of, and to the detriment of, foreign industries and their technologies through a multi-step process over ten years.’
Apr 2, 2021
United States Trade Representative

'Japan’s Suga to Be the First Foreign Leader to Meet With Biden'

‘Japan walks a narrow line as it seeks to maintain close ties with its only military ally, the U.S., while avoiding damage to economic ties with its biggest trade partner, China.
Apr 2, 2021
Bloomberg

'China’s Dangerous Double Game in North Korea'

‘Beijing’s North Korea policy is primarily motivated by a desire to counter U.S. power in the Asia-Pacific region and increase Chinese influence on the Korean Peninsula.
Apr 2, 2021
Foreign Affairs
Oriana Maestro | Stanford University

'Genesis Celebrates Launch In China With Dazzling, World Record-breaking Drone Show Over Shanghai's Iconic Skyline'

'The spectacular visuals were coordinated to present the world of Genesis, delivering an audacious storytelling concept while also breaking the Guinness World Records for "The Most Unmanned Aerial Vehicles (UAVs) airborne simultaneously".’
Apr 2, 2021
Genesis | Hyundai

'Convicted in Hong Kong'

‘Everyone in the former British colony understands the message being sent from Hong Kong’s new masters in Beijing:’
Apr 1, 2021
The Wall Street Journal
The Editorial Board

'U.S. dollar at risk as China races ahead on digital yuan'

‘So why should America care about any of this?’
Apr 1, 2021
Politico
Emily Parker | CoinDesk

PRC Foreign Ministry Response to the USTR's 'National Trade Estimate Report'

‘The accusations and slanders made by the US against China's industrial policies are groundless.’
Apr 1, 2021
Ministry of Foreign Affairs, PRC
Hua Chunying | Foreign Ministry spokeswoman

'China Is Missing from the Great Inflation Debate'

‘Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies.’
Mar 31, 2021
Project Syndicate
James K. Galbraith | University of Texas at Austin

'Biden administration maintains Trump policy on Hong Kong'

'State department concludes territory should not receive preferential treatment under US law.'
Mar 31, 2021
Financial Times

'An Alliance of Autocracies? China Wants to Lead a New World Order.'

‘The world is increasingly dividing into distinct if not purely ideological camps, with both China and the United States hoping to lure supporters.’
Mar 30, 2021
The New York Times

'Global Cycle Notes: U-Turn': China

‘A U-shaped recovery in the services sector beckons, but it’s still difficult to describe just what it will look like. No event in economic history compares, and the range of outcomes for wages, prices, employment, and financial markets is large.’
Mar 29, 2021
CreditSuisse

‘At a Crossroads: The Next Chapter for FinTech in China’

‘As financial innovation has gained traction and the firms driving it have grown into sizeable players, the dynamic between innovators and regulators has begun to shift. Regulatory agencies have started to be more proactive in supervising the activities of technology firms after realizing that the size of many technology firms and FinTechs means they could threaten financial stability and peace in society if their innovation efforts and business practices were overly aggressive.’
Mar 28, 2021
World Economic Forum
World Economic Forum & Shanghai Advanced Institute of Finance

China is not just shackling Hong Kong, it is remaking it

After the National People’s Congress, ‘election reform’ in Hong Kong, the dustup between the U.S. and China in Anchorage, and China’s going all ‘Wolf Warrior’ on the EU, that’s not such a bad thing.
Mar 28, 2021
CHINADebate
Malcolm Riddell
Founder of CHINADebate
Malcolm Riddell
Founder of CHINADebate

'The Illiberal Tide'

But even more problematic is that the reporting on any given action by another country may look so benign to the non-Chinese reader that he or she dismisses it as something China, even when it reacts forcefully, couldn’t be serious about. That is a mistake. Too often what looks ‘benign’ to the rest of the world is as serious as a train wreck to Xi Jinping.
Mar 26, 2021
Foreign Affairs

'There Will Not Be a New Cold War' Thomas Christensen

‘China’s vital position in the global production chain and the lack of struggle for ideological supremacy between authoritarianism and liberal democracy mean that the rise of a new Cold War is unlikely.’
Mar 24, 2021
Foreign Affairs
Thomas J. Christensen | Columbia University

'A Taiwan Crisis May End the American Empire' Niall Ferguson

‘No matter what other issues Kissinger raised — Vietnam, Korea, the Soviets — Zhou steered the conversation back to Taiwan, “the only question between us two.” ’
Mar 21, 2021
Bloomberg
Niall Ferguson | Stanford University

'After the protests - China is not just shackling Hong Kong, it is remaking it'

‘The old Hong Kong is gone. Judge Mr Xi’s China by what it builds in its place.’
Mar 20, 2021
The Economist
National People's Congress
1

'The five-year plan's big target - A confident China seeks to insulate itself from the world'

The National People’s Congress concluded on Friday, March 11. As I’ve mentioned before, analyses of the impact of the plans and policies on China and the world will start to come out in a week or two. In the meantime and to keep you immediately informed, today’s issue covers the NPC’s outcomes more generally, beginning with a full summary from The Economist.
Mar 13, 2021
The Economist

‘Enter the Trump Buddha'

“Trump, the Buddha of Knowing of the Western Paradise.”
Mar 12, 2021
The New York Times
Steven Lee Myers | The New York Times

'Hard lesson for HK opposition: Extreme political confrontation is not in the designs of China'

'The radical forces in Hong Kong thought they were strong!’
Mar 11, 2021
Global Times
Hu Xijin | Editor-in-Chief, Global Times

'Why Biden Should Ditch Trump’s China Tariffs'

‘President Joe Biden has to decide whether to rescind his predecessor’s China tariffs.’
Mar 11, 2021
Project Syndicate
Shang-Jin Wei
Professor, Columbia University & former Chief Economist, Asian Development Bank
Shang-Jin Wei
Professor, Columbia University & former Chief Economist, Asian Development Bank
National People's Congress
4

'China All but Ends Hong Kong Democracy With "Patriots Only" Rule'

‘The National People’s Congress on Thursday approved a drastic overhaul of election rules for Hong Kong that would most likely bar many pro-democracy politicians from competing in elections, cementing Beijing’s grip over the territory.'
Mar 11, 2021
The Wall Street Journal & The New York Times

'China Turns to Elon Musk as Technology Dreams Sour'

‘China is having its techlash moment. The country’s internet giants, once celebrated as engines of economic vitality, are now scorned for exploiting user data, abusing workers and squelching innovation. Jack Ma, co-founder of the e-commerce titan Alibaba, is a fallen idol, with his companies under government scrutiny for the ways they have secured their grip over the world’s second-largest economy.’
Mar 11, 2021
The New York Times
Raymond Zhong | The New York Times

'Beijing replicates its South China Sea tactics in the Himalayas'

‘Emboldened by its cost-free expansion in the South China Sea, Chinese President Xi Jinping’s regime has stepped up efforts to replicate that model in the Himalayas.'
Mar 10, 2021
The Strategist | Australian Strategic Policy Institute
Brahma Chellaney | Centre for Policy Research, New Delhi
National People's Congress
2

Xi’s Gambit: China Plans for a World Without American Technology

‘China’s new five-year plan, made public on Friday, at the National People’s Congress (NPC), called tech development a matter of national security, not just economic development, a break from the previous plan.’
Mar 10, 2021
The New York Times
Paul Mozur & Steven Lee Myers | The New York Times

'China Crackdown on Hong Kong'

‘The scale of the protests really shook Beijing. All the previous protest movements had lasted a few months, at most. This time, there was huge support, and it wasn’t dying down on its own.’
Mar 10, 2021
The New York Times
Vivian Wang & David Leonhardt | The New York Times

'Neither China nor the US fits neatly into any one box’ Yuen Yuen Ang

‘Binary narratives lie behind the common misconception that China’s economic success has vindicated autocracy. (The simplistic logic is that if China is not a democracy, it must be an autocracy, and when it prospers, that prosperity must be because of its autocracy). For liberal democracies, this raises the fear that the “China model” poses an ideological challenge to democracy.’
Mar 9, 2021
Project Syndicate
Yuen Yuen Ang | University of Michigan

With growth on track, China starts to unwind stimulus

‘China was the first country to open its lending and spending taps in the face of the coronavirus downturn. Now, it is the first to start to close them, giving others a partial preview at the National People’s Congressof what the end of stimulus will look like. The most notable aspect is its gradualism.’
Mar 7, 2021
The Economist

Part 2 | 'How Biden Can Learn From History in Real Time' Copy

‘ “International relations scholars,” the political scientist Daniel Drezner has written, “are certain about two facts:'
Mar 7, 2021
Foreign Affairs
Gideon Rose | Foreign Affairs

How the WTO Changed China

'WTO membership, the new consensus goes, has allowed China access to the American and other global economies without forcing it to truly change its behavior, with disastrous consequences for workers and wages around the world.’
Mar 7, 2021
Foreign Affairs
Yeling Tan | University of Oregon

'Taper test - With growth on track, China starts to unwind stimulus'

‘China was the first country to open its lending and spending taps in the face of the coronavirus downturn. Now, it is the first to start to close them, giving others a partial preview at the National People’s Congressof what the end of stimulus will look like. The most notable aspect is its gradualism.’
Mar 6, 2021
The Economist
National People's Congress
3

'Understanding China’s 2021 Defense Budget'

'Like previous years, the first day of the new National People’s Congress session was highlighted by the widely anticipated announcement of China’s 2021 defense budget. This year it is set at 1.36 trillion yuan ($209.16 billion), a 6.8 percent increase from the 1.27 trillion yuan budget set last year.’
Mar 5, 2021
Center for Strategic and International Studies (CSIS)

Nursing China’s Debt Hangover

‘China official target of 6% annual economic growth, announced Friday, is so modest it’s clear something else is going on. A plausible theory is that this is part of a strategy to rein in debt.’
Mar 5, 2021
The Wall Street Journal
The Editorial Board

'NATO's Shifting Focus to China'

‘Consider, for example, a war escalating over the defense of Taiwan. “We should not forget that the main member state in NATO, the United States, is not only a transatlantic nation, but also a Pacific nation. And the question is, if at a certain stage, the U.S. were to be threatened by China, would that invoke Article 5 in the treaty?"'
Mar 4, 2021
Politico China Direct | Politico EU
Stuart Lau | Politico EU

Missing: Has anyone seen Europe’s China plan?

‘Caught between Washington and Beijing, European capitals find themselves in lack of a strategic China policy.’
Mar 3, 2021
Politico EU

Why Beijing was right to rein in Jack Ma's rogue Ant Group IPO

‘In July 2020, just before their IPO application, Ant Financial not only abandoned the word "financial" and renamed themselves Ant Group, they attempted to list not on the Shanghai or Shenzhen exchanges, where financial institutions list, but rather on the Shanghai STAR Market, which was created as an exchange for high-tech innovators.’
Feb 28, 2021
Nikkei Asian Review
Nan Li | Shanghai Jiao Tong University

The rivalry between America and China will hinge on South-East Asia

‘In the rivalry between China and America, there will be a main zone of contention: South-East Asia. Of the two competitors, China looks the more likely prize-winner.'
Feb 27, 2021
The Economist

'Inside Xinjiang’s Prison State'

‘After years of first denying the facilities’ existence, then claiming that they had closed, Chinese officials now say the camps are “vocational education and training centers,” necessary to rooting out “extreme thoughts” and no different from correctional facilities in the United States or deradicalization centers in France.’
Feb 26, 2021
The New Yorker
Written by Ben Mauk & Artwork by Matt Huynh

Japan Is the New Leader of Asia’s Liberal Order

‘In an era of Chinese bellicosity, North Korean provocations, and a raging pandemic, Japan’s inconspicuous ascent to regional leadership has gone mostly unnoticed.’
Feb 24, 2021
Foreign Affairs
Chang Che | Foreign Affairs

‘Patriots’ Only: Beijing Plans Overhaul of Hong Kong’s Elections

‘China plans to impose restrictions on Hong Kong’s electoral system to root out candidates the Communist Party deems disloyal, a move that could block democracy advocates in the city from running for any elected office.’
Feb 23, 2021
The New York Times

Germany Is a Flashpoint in the U.S.-China Cold War

'As goes Germany, so goes Europe — and that’s a real challenge for the U.S. Berlin leads a European bloc that could cast a geopolitical swing vote in the U.S.-China rivalry.’
Feb 23, 2021
Bloomberg

HSBC offers lesson in corporate realpolitik

‘HSBC’s Asia pivot is a lesson in corporate realpolitik. It is just as much a recognition of the new political reality facing every western company that is dependent on doing business with China. Businesses will have to choose between western markets and access to China, and between liberal and authoritarian value systems.’
Feb 23, 2021
Financial Times
The Editorial Board

How American Free Trade Can Outdo China

‘When it comes to trade, a critical dimension of the U.S. and China competition, America is ceding the field. At the same time, China has expanded its trade footprint. When it comes to trade and investment agreements, China isn’t isolated. The U.S. increasingly is. Now we have to make up for lost ground. America can out-compete China, but first it needs to get back in the game.’
Feb 22, 2021
The Wall Street Journal
Hank Paulson | The Wall Street Journal

Remaking “Made in China”: Beijing’s Industrial Internet Ambitions

‘The Chinese government is placing large bureaucratic and financial bets on upgrading and digitizing its already dominant manufacturing base. Such efforts have coalesced around one key term: the “industrial internet” (工业互联网). The successful application of it across Chinese industry would prolong and elevate the “Made in China” era.’
Feb 22, 2021
Macro Polo
Matt Sheehan | Macro Polo

China’s ‘two sessions’: why this year’s event is so important for Xi Jinping’s vision for the future

‘The ‘Two Sessions,’ the annual meeting of the National People’s Congress, the country’s legislature, and the top political advisory body, the Chinese People’s Political Consultative Conference, begins on March 5 and runs for about two weeks.’
Feb 21, 2021
South China Morning Post

‘UNDERSTANDING DECOUPLING: Macro Trends and Industry Impacts’

‘Comprehensive decoupling is no longer viewed as impossible: if the current trajectory of U.S. decoupling policies continues, a complete rupture would in fact be the most likely outcome. This prospect remains entirely plausible under the Biden administration.’
Feb 20, 2021
The U.S. Chamber of Commerce

‘Europe can’t stay neutral in US-China standoff’

‘China aims to create a world that is not safe for Europe — strategically, economically or ideologically. Xi is actively striving to undermine the stature of democracies in the global order. The more power China amasses, the less tolerant it will become with any government that won’t toe its line. China also represents a long-term economic threat to Europe — not merely because it is an advancing competitor in a global market economy, but because Beijing’s policies are designed to use and abuse that open world economy to eventually dominate it.
Feb 20, 2021
Politico EU
Michael Schuman | author, Superpower Interrupted: The Chinese History of the World

‘The Future of China’s Past: Rising China’s Next Act'

‘By the Party’s own acknowledgment, Deng’s initial arrangement has run its course. It is therefore time to develop a new understanding that will do for the Party in the next 30 years what Deng’s program did in the previous era.'
Feb 20, 2021
The Brown Journal of International Affairs
Charles Horner & Eric Brown | Hudson Institute

‘Beat China: Targeted Decoupling and the Economic Long War'

‘The economy is the primary theater of our conflict with China. It is now clear that the U.S. and Chinese economies are too entangled, particularly in critical sectors such as medicine, defense, and technology.'
Feb 20, 2021
Office of Senator Tom Cotton
Tom Cotton | U.S. Senator

‘No, China is not the EU’s top trading partner'

‘This week the media seized on a report by Eurostat, the European Union’s statistical agency, to declare that China surpassed the United States in 2020 to become the EU’s main trade partner. This is simply not true.’
Feb 19, 2021
Politico EU
Daniel S. Hamilton | Woodrow Wilson Center

'An Unsentimental China Policy'

'Jake Sullivan, wrote in Foreign Affairs in 2019, “The era of engagement with China has come to an unceremonious close.”Yet it is worth remembering what engaging China was all about.’ For most of the past half century, efforts to improve ties with the country were not about transforming it. Judged by its own standards, U.S. engagement with China succeeded. It was only after the Cold War that a desire to change China became a prominent objective of U.S. policy.’
Feb 18, 2021
Foreign Affairs

‘China faces fateful choices, especially involving Taiwan’

'Should Mr Xi order the People’s Liberation Army to take Taiwan, his decision will be shaped by one judgment above all: whether America can stop him. If China ever believes it can complete the task at a bearable cost, it will act.’ ‘
Feb 18, 2021
The Economist

'Like It Or Not, America Is Still A Superpower'

‘The twentieth century was littered with the carcasses of foreign leaders and governments that misjudged the United States, from Germany (twice) and Japan to the Soviet Union to Serbia to Iraq. Perhaps the Chinese, careful students of history that they are, will not make the mistake that others have made in misjudging the United States.’
Feb 18, 2021
Foreign Affairs
Robert Kagan | Brookings

‘China Blocked Jack Ma’s Ant IPO After Investigation Revealed Likely Beneficiaries’

‘Behind layers of opaque investment vehicles that own stakes in Ant Financial are a coterie of well-connected Chinese power players, including some with links to political families that represent a potential challenge to President Xi and his inner circle. Those individuals, along with Mr. Ma and the company’s top managers, stood to pocket billions of dollars from a listing that would have valued the company at more than $300 billion.’
Feb 16, 2021
The Wall Street Journal
Lingling Wei | The Wall Street Journal

How to Keep U.S.-Chinese Confrontation From Ending in Calamity

'The two countries need to consider something akin to the procedures and mechanisms that the United States and the Soviet Union put in place to govern their relations after the Cuban missile crisis—but in this case, without first going through the near-death experience of a barely avoided war.'
Feb 14, 2021
Foreign Affairs
Kevin Rudd | President, Asia Society & former Australian Prime Minister

The United States, China, and Taiwan: A Strategy to Prevent War

‘We believe that a crisis is building over Taiwan and that it is becoming the most dangerous flashpoint in the world for a possible war that involved the United States of America, China, and probably other major powers.'
Feb 14, 2021
Council on Foreign Relations

Why China Will Go Green - Really

‘To Communist Party leaders, greenery increasingly aligns with their economic and political interests. China, a populous country that is cruelly lacking in clean water and arable farmland, and which hates having to rely so heavily on imported energy, has a selfish interest in embracing what President Xi Jinping calls “ecological civilisation”.’
Feb 13, 2021
The Economist

‘What the ‘Hong Kong Narrative’ gets wrong'

‘For a significant cohort of the [“pro-democracy”] protesters, the more accurate label would be “anti-China activists.” The one thing that seems to unite them is not a love of democracy, but a hatred of China.'
Feb 10, 2021
Fortune
Alan Smith, former CEO & chairman, Jardine Fleming, Hong Kong

Why the Anglosphere sees eye to eye on China

‘Some of America’s European allies are very wary of what they fear will be a new cold war with China. By contrast, the US is getting more support from the UK, Australia and Canada.’
Feb 8, 2021
Financial Times
Gideon Rachman | Financial Times

Why Beijing Is Bringing Big Tech to Heel

‘Beijing’s recent antitrust efforts are motivated less by worries about the tyrannical nature of monopoly power than by the belief that China’s tech giants are insufficiently committed to promoting the goal advanced by the Chinese Communist Party (CCP) of transformative technological innovation—and thus may be undermining the effectiveness of Chinese industrial policy.’
Feb 4, 2021
Foreign Affairs
Josh Freedman

‘Beijing Won’t Let America “Compartmentalize” Climate Change'

‘‘You want China to take action on climate change?" asks Xi Jinping. "Let’s talk about what you’re going to give to get it.’’
Feb 3, 2021
The Wall Street Journal
John Bolton | former National Security Advisor

The struggle over chips enters a new phase

In the 20th century the world’s biggest economic choke-point involved oil being shipped through the Strait of Hormuz. Soon it will be silicon etched in a few technology parks in South Korea and Taiwan.’
Jan 23, 2021
The Economist
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