The Mexican standoff over tariffs and immigration may have been resolved, but the global trading system remains very much in a state of anxiety as China and the United States continue to circle each other in the ring.
A second engine did finally come on line, but it turned out to be a refreshed and retooled China looking to a buoyant future that would help raise all boats.
China has become much more aggressive in its intellectual property rights acquisition, making technology transfer a condition for investment by foreign entities.
Slower growth, combined with growing financial imbalances have caused housing bubbles in China and misallocation of finances at home and abroad. Those projects abroad - notably the far-reaching "Belt and road" initiative - have been met with skepticism among some recipient countries concerned with unsustainable and mounting debt, whose purpose seemed to be to help China manage its financial imbalances.
China's transgressions, both home and abroad, suggest a country experiencing a growing list of weaknesses and mounting troubles.
In the United States, China is seen as nothing short of a colossal, perhaps existential, threat that combines means and intent to subjugate the United States.
Christopher R. Hill was U.S. ambassador in South Korea from 2004-2005, and served as assistant secretary to East Asia, working extensively with China on the North Korea issue.
https://thehill.com/opinion/international/448098-chinas-own-weaknesses-and-troubles-are-lurking-behind-its-trade-war
A second engine did finally come on line, but it turned out to be a refreshed and retooled China looking to a buoyant future that would help raise all boats.
China has become much more aggressive in its intellectual property rights acquisition, making technology transfer a condition for investment by foreign entities.
Slower growth, combined with growing financial imbalances have caused housing bubbles in China and misallocation of finances at home and abroad. Those projects abroad - notably the far-reaching "Belt and road" initiative - have been met with skepticism among some recipient countries concerned with unsustainable and mounting debt, whose purpose seemed to be to help China manage its financial imbalances.
China's transgressions, both home and abroad, suggest a country experiencing a growing list of weaknesses and mounting troubles.
In the United States, China is seen as nothing short of a colossal, perhaps existential, threat that combines means and intent to subjugate the United States.
Christopher R. Hill was U.S. ambassador in South Korea from 2004-2005, and served as assistant secretary to East Asia, working extensively with China on the North Korea issue.
https://thehill.com/opinion/international/448098-chinas-own-weaknesses-and-troubles-are-lurking-behind-its-trade-war
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