Not in China’s interest to inflict massive U.S. trade pain, says Carr
By Bloomberg
19 August 2018 |
4:30 pm
Miranda Carr, chief macro strategist at Haitong International, discusses China's approach to trade ahead of talks with the United States.
In this article
Related
20 Nov
Although the virtual meeting between the US and Chinese leaders did not lead to any big breakthroughs, both sides expressed willingness to cooperate on "guardrails" to prevent competition from turning into catastrophe.
20 Nov
"Spiritual opium" is how the Chinese brand video games. After a tightening of the noose around the industry and rules at the start of the school year that limit screen time for teens to three hours a week, Fortnite has announced that it is folding. Three years on and one billion dollars spent, the popular survival game never got regulatory approval, despite the financial backing of Chinese tech giant Tencent. So what is the matter with Fortnite?
19 Nov
Two Philippine boats carrying food supplies for soldiers to the disputed Second Thomas shoal were blocked by the Chinese coast guard, who allegedly fired water cannons on them. No injuries were reported in the incident.
23 Nov
China said it took the punitive step after self-ruled Taiwan opened a de facto embassy in Lithuania.
22 Nov
Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for failing to report corporate acquisitions over the past eight years.
24 Nov
President Joe Biden has invited 109 countries to the virtual summit which will take place on December 9 and 10. China said adding Taiwan to the guest list was a "mistake."
1 Dec
China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods slows?
5 Dec
East Africa has been ramping up efforts to expose its citizens to Chinese culture - particularly through language. In Kenya Mandarin is offered as a selective language in the national curriculum, while in Uganda it’s now a compulsory subject in some schools. But is this simply an exchange of cultures, or is there more to it?
5 Dec
Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.
2 Dec
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
4 Dec
The governing body of women's tennis took the decision after Peng made an allegation of sexual abuse against a Chinese official. WTA chairman Steve Simon said he worried about player safety at tournaments in China.
5 Dec
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
Latest
1 hour ago
Known as the burial place of Achilles, the barren Black Sea rock has become the site of fierce combat between Ukraine and Russia. Snake Island has strategic and symbolic importance dating to the Soviet era.
1 hour ago
Mali's military junta has announced it will be exiting a multi-national military force tackling an insurgency in West Africa's Sahel region.
1 hour ago
People in Germany consume an average eleven kilos of chocolate each per year. But few think about the conditions under which cocoa beans are farmed. Child labor has been a problem for decades. But why? And what can be done about it?
3 hours ago
World number one Novak Djokovic claimed his first title in over six months after beating Stefanos Tsitsipas 6-0 7-6(5) to win the Italian Open on Sunday. Djokovic did not drop a set en route to the final in Rome, having picked up his 1,000th tour-level victory by beating Casper Ruud in the semi-final to book a clash with Tsitsipas - a repeat of last year's French Open final, which the Serb won.
3 hours ago
New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to damage from a heatwave. Finally, we see how tourists are returning to Barcelona. The development is good news for local businesses but could revive tensions over mass tourism.
3 hours ago
A weekly news show produced with photos, videos and personal accounts from FRANCE 24 Observers around the world – all checked by our staff here in Paris.