Posted by Matt in October 6th, 2007 |
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Huawei, founded by a Chinese military officer in 1988, got its start building military communications networks. “Huawei is up to its eyeballs with the Chinese military,” a Pentagon official told Bill Gertz of The Washington Times. A second Pentagon official said the deal is taking place at a time when the Pentagon has mounted an [...]
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Posted by Matt in October 5th, 2007 |
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While Islamist terrorism is a constant reality in our lives, it is not the only danger to the United States’ security in the world today. China is developing a massive military and economic capability that may one day challenge American security worldwide.
Yet the American government appears unwilling to confront the reality of an ascendant [...]
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Posted by Matt in September 2nd, 2007 |
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For nearly three decades, Chinese peasants have left their villages for crowded dormitories and sweaty assembly lines, churning out goods for world markets. Now, China is turning the tables.
Here in the Australian Outback, Shane Padley toils in the scorching heat, 2,000 miles from his home, to build an extension to a liquefied natural gas plant [...]
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Posted by Matt in August 7th, 2007 |
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The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - [...]
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Posted by Matt in July 12th, 2007 |
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Is it possible to go for a whole year without buying any products made in China? One woman in Baton Rouge, Louisiana, wanted to find out. FP spoke with author Sara Bongiorni about her new book, the hidden role China plays in our everyday lives, and what it’s like to be a mother of two [...]
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Posted by Matt in June 16th, 2007 |
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WASHINGTON (Reuters) - The United States is imposing new export controls on high-tech goods ranging from aircraft to space communication systems that could be used by China’s rapidly expanding military, the U.S. Commerce Department said on Friday.
The new regulation, which takes effect on Tuesday, also creates a “trusted customer” program that will allow approved companies [...]
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Posted by Matt in June 12th, 2007 |
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BRUSSELS: Toughening his stance, the chief European trade negotiator said Monday that the burgeoning European Union trade deficit with China was intolerable and warned that he could take retaliatory measures if Beijing failed to restrain low-cost exports.
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Posted by Matt in June 11th, 2007 |
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When it comes to China and trade policy these days, there are few on Capitol Hill who would, to use an old Chinese maxim, “send coal during a snowy winter.” Everywhere, bipartisan critics abound. Economic nationalists want to punish China for running a $200 billion-plus annual trade surplus with the United States, while defense hawks, [...]
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Posted by Matt in June 10th, 2007 |
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ST PETERSBURG, Russia (Reuters) - Russian President Vladimir Putin on Sunday called for practical steps to redraw the world economic order to reflect the growing role of fast-growing emerging nations.
He told an economic forum in St Petersburg many global trade and financial institutions tailored to meet the interests of a few key economies were ineffective [...]
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Posted by Matt in June 5th, 2007 |
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This week’s Group of Eight summit in Germany may be the last, or almost the last of its kind. When this process began in the mid-1970s, the five founding members of the United States, Japan, Germany, France and Britain were without question the world’s richest and most important industrial democracies.
Italy and Canada were then brought [...]
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Posted by Matt in May 27th, 2007 |
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U.S. market flooded with foods unfit for humans, tainted with carcinogens, pesticides, bacteria, drugs
WASHINGTON – While Americans are still recovering from a scandal over poison pet foods imported from China, FDA inspectors report tainted food imports intended for American humans are being rejected with increasing frequency because they are filthy, are contaminated with pesticides and [...]
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Posted by Matt in May 22nd, 2007 |
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Published in
Trade,
Trade
SO IT DOES INDEED end with a whimper rather than a bang. Free trade, I mean. Thanks to a president too weak politically to withstand the protectionist surge of a Democratic Congress, the era of ever-freer trade has come to an end. It expired quietly, with few mourners, and some of those who have done [...]
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Posted by Matt in May 21st, 2007 |
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The global trading system has a built-in mechanism, of course, to deal with a country whose trade accounts get seriously out of whack with the rest of the world: currencies adjust in value against each other. China, with its surpluses, should see the renminbi go up over time, while the U.S. (with its enormous deficits) [...]
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Posted by Matt in May 2nd, 2007 |
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Even a housing slump and the subprime debt mess can’t seem to hobble a resilient U.S. economy.
But a trade war with China could.
More than two dozen anti-China bills were floated in the last session of Congress. The most incendiary, sponsored by Sens. Chuck Schumer (D-N.Y.) and Lindsey Graham (R-S.C.), would have penalized all Chinese imports [...]
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Posted by Matt in April 23rd, 2007 |
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The US State Department announced sanctions Monday against 14 entities, including three Chinese firms and Syria’s air force and navy, as part of a stepped up drive to halt banned military dealings with Iran and Syria.
The measures also hit Lebanon’s Hezbollah movement — already targetted by numerous US sanctions as a designated terrorist group — [...]
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Posted by Matt in March 21st, 2007 |
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Should Doha fail, the consequences would be broadly felt, especially in the developing world. Stalled efforts at multilateral trade deals could well prompt developed countries to strike bilateral deals with other developed countries and to ignore less efficient budding economies from which they don’t have as much to gain. This report from the Carnegie Endowment [...]
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