If China returned to genuine neutrality on the Kashmir question between India and Pakistan, it could make it a lot easier for New Delhi to set aside its sovereignty argument on the China-Pakistan Economic Corridor.
A recent article by Joseph Stiglitz suggests that the United States runs a current account deficit because its people save too little to fund domestic investment. In fact, he may have it backwards: Americans may save too little precisely because the United States runs a current account deficit.
Some analysts say a major and direct cause of the imbalance in bilateral trade is the high level of expenditure by American consumers.
The threat of trade conflict with Americans could be good for the Chinese economy if it encourages the government to accelerate the domestic rebalancing that has been occurring since 2012.
Europe has concerns about China’s trade policies. But the two countries may want to unite for a more rules based global trade system.
Some White House advisors see trade deficits as a threat to growth and security. But no one wins in a trade war, certainly not U.S. and Chinese consumers who will have to pay higher prices.
India is the world’s largest democracy, with more than one billion people and an economy expanding faster than China’s.
Most of the discussions among economists about the impacts of tariffs and trade intervention are more ideological than logical. While tariffs may cause households to pay more for tradable goods, there are many other ways households, and the overall economy, are affected, positively and negatively. What matters are the conditions under which trade intervention policies are made.
China’s “Made in China 2025” policy plays a central role in the ongoing U.S.-China trade tensions. Paul Haenle sat down with Paul Triolo to discuss how the initiative impacts the U.S. and global economies.
The U.S. strategy in the Indo-Pacific is still evolving. By engaging now, European countries would have the opportunity to shape it.