Ann Arbor (Informed Comment) – China’s new futures market in Shanghai is trading in the Chinese currency, the Yuan, rather than dollars. One reason for dumping the dollar in this regard is that the Department of the Treasury Office of Foreign Asset Control is trying to stop countries from buying Iranian petroleum. The Dept of […]
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East Asia
As Trump dismantles American Power, China bids to Become Sole Superpower
(Tomdispatch.com) – As the second year of Donald Trump’s presidency and sixth of Xi Jinping’s draws to a close, the world seems to be witnessing one of those epochal clashes that can change the contours of global power. Just as conflicts between American President Woodrow Wilson and British Prime Minister Lloyd George produced a failed […]
China will Defy Trump, Trade with Iran, Rejecting “Unilateral Sanctions”
China will continue its cooperation and relations with Iran, state news agency Xinhua reported on Friday, citing a statement from Chinese State Councillor Wang Yi. The Joint Comprehensive Plan of Action (JCPOA), the 2015 deal in which Tehran agreed to curb its nuclear work in return for the lifting of most Western sanctions, is in […]
Trump has Launched a Trade War with China: Why he will Lose
When I first reported from China in 1980, bicycles outnumbered cars on Beijing’s major streets, and the tallest building in town was a 25-story hotel. I visited a small village that had one black and white TV, which everyone watched at night. Today China’s major cities are jammed with modern factories, skyscrapers, and large public […]
Tripolarity: Are Trump, Putin & Xi Divvying up the World?
The pundits and politicians generally take it for granted that President Trump lacks a coherent foreign policy. They believe that he acts solely out of spite, caprice, and political opportunism — lashing out at U.S. allies like Germany’s Angela Merkel and England’s Theresa May only to embrace authoritarian rulers like Russia’s Vladimir Putin and North […]
Emerging Superpower China Offers Arab States $20 bn. in Development Loans
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab officials Tuesday
Trump Trade War: China Refiner dumps US Crude, seeks Iranian Oil
China’s Dongming Petrochemical Group is dropping imports of US crude for its refineries and replacing them with oil from Iran
As Pentagon Encircles China, Does Military Conflict With Beijing Loom?
From Beijing, the strategic outlook articulated by Secretary of Defense James Mattis is clearly viewed as threatening
Is China Stealing a March on Trump in Pakistan amid New Trade War?
The outbreak of tit-for-tat tariffs means the US-Sino confrontation now embraces both the military sphere in the South China Sea and over Taiwan
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