Contrary to doomsday predictions, the US-China trade and tech relationship is actually rather sturdy. After all, it was their economic and trade complementarity that brought them finally to agree on a phase one trade deal, and against all odds, US direct investments into China grew by 6% (from a year earlier) in the first half of the year. Geopolitics and volatile brinkmanship in the name of power relations could instead be the greater threat. But between Trump and Biden, which is the lesser evil?
China-US trade war
Politics
US academic Han Dongping says that electoral politics in the US seems to have deviated from its original intent, which was to elect a leader that represents public opinion. The quest for power is now a game of thrust and parry by the elites and the wealthy, and is rarely in line with what the man on the street needs or wants. Is the “Trump or Biden” toss-up then just a false choice?
Politics
China’s new Unreliable Entity List seems to be an echo of US actions. But while the list looks like a potentially lethal tool, it has to be wielded prudently in order not to hurt China’s economy or cause anxiety. Zaobao correspondent Yang Danxu examines the factors involved.
Economy
Despite US efforts to reduce reliance on China and decouple from it, the process will not be easy, given China’s enormous economic influence. Even with countries such as Vietnam trying to take China’s place as the “world’s factory”, their capacity is limited. However, this does not mean that China’s position is assured, as other countries are noticing China’s penchant for using its economic might as a bargaining chip.
Politics
For all of President Trump’s failings, says US academic Han Dongping, he did persist in his belief that the US has over-extended itself abroad and sought ways to pull it back. Whoever becomes the US president next will have to recognise that the US’s global role has changed irrevocably since 1945.
Politics
After a brief softening of its stance towards the US, China seems to be hardening its rhetoric again. Zaobao correspondent Yang Danxu says this has much to do with President Xi Jinping’s clear message not to trifle with the Chinese Communist Party’s bottom line — relations between the party and the people are sacrosanct.
Politics
After days of delay, the US and China reviewed their phase one trade agreement in a telephone call on 25 August. Both sides sidestepped the question of recent US actions against Chinese companies, but there is no guarantee that this uneasy truce will hold up as the 2020 US presidential race intensifies.
Politics
The US seems to think that China is the old Soviet Union, and worse, that it has been disingenuous and is only showing its true colours now. Given testy relations, China is waiting it out until the US presidential election in November. But even if there is a new president from the Democratic Party in the White House, will China’s woes recede?
Politics
With its “China DNA” and despite its popularity, TikTok may end up being blocked in the US and eventually elsewhere in the world. Will its discussions with Microsoft work out? Or will it have to pull out of the US? And beyond TikTok, what does this episode mean for Chinese companies in the process of internationalising their businesses?