Carnegie Endowment for International Peace
The demonstrations in Hong Kong are a delayed consequence of the Joint Declaration in 1984.
Today’s U.S. trade deficits are driven mainly by capital flow imbalances. Tariffs are less efficient and only work by distorting the real economy and rearranging bilateral imbalances.
5G brings with it unprecedented possibilities of applications, including healthcare, education, autonomous vehicles, augmented reality, industrial production, public services. But it does come with risks.
While foreign investment usually benefits developing economies and creates local economic benefits in advanced economies, it generally does not benefit advanced economies on the whole except in very limited cases. On the contrary, foreign investment in advanced economies is more likely to lead to higher unemployment or rising debt.
The new round of tariffs has put U.S.-China trade negotiations on hold. Just a month ago, a deal to end the trade war was deemed likely. So why did this process unravel so quickly and what is the way going forward?
Washington and Beijing are not in a new cold war yet, but there is definitely a cold-war mentality at work that may diminish both sides’ capacity to manage crises effectively.
Whether President Trump is misguided in pursuing tariffs and using them as leverage with the Chinese government, America’s continued drive to levy penalties is less about fixing a trade problem than about changing China’s investment rules.
The EU has recently delivered a series of wake-up calls to China.
The steady emergence of the Chinese navy as a strong Asian and, increasingly, a global force naturally raises the important question of the future strategy Beijing will employ to guide that force in both the near and far seas.
What are China’s interests and influence in bringing about a durable settlement of the North Korean nuclear crisis and how can Washington shape the future of North Korea vis-a-vis China?