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Showing 1-10 of 10 results
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Why Xi won't cave to Trump at G-20 meet
News, Michael Schuman, Published on 30/11/2018
» Hopes are already fading that China's President Xi Jinping and his US counterpart Donald Trump will achieve a breakthrough in their trade war during this weekend's Group of 20 summit in Argentina. Even Mr Trump poured cold water on the idea, saying only days before the conference that it was "highly unlikely" he'd hold off on a planned boost to tariffs.
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Xi, not Trump is the true cold warrior
News, Michael Schuman, Published on 15/11/2018
» The US-China trade war is looking more and more like a cold war. President Donald Trump's tariffs, crackdown on alleged Chinese theft of American technology, and rhetoric have overturned decades of US foreign policy that had prioritised cooperation. Meanwhile, his counterpart Xi Jinping hasn't budged on any concessions. China experts worry that relations between the world's two most important countries have reached a turning point.
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US-China rift is an awfully messy affair
News, Michael Schuman, Published on 13/08/2018
» A financial adviser I know, Frank Astorino, says nothing destroys wealth like divorce. That's a warning China and the US should keep in mind as they intensify their trade war.
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It's time to give China a taste of its own bad medicine
News, Michael Schuman, Published on 29/06/2018
» One of my mottos is: Don't criticise something unless you have a better idea. I've decried President Donald Trump's tariff tactics, so it's only fair I offer my own strategy for fighting a trade war with China -- one with a bigger chance of success and smaller downside risk.
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Turning communists into capitalists
News, Michael Schuman, Published on 03/10/2017
» As it heads into a major leadership transition, China is attempting a strange breed of corporate reform. Rather than privatising state-owned enterprises outright, the government is testing whether selling minority stakes to private investors may improve their performance.
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South Korea has some lessons Trump should heed
News, Michael Schuman, Published on 13/09/2017
» Advisers seem to have convinced US President Donald Trump not to trash the country's free-trade agreement with South Korea -- for now. Mr Trump himself still seems intent on extracting concessions from the Koreans and could yet withdraw from the deal. The irony is that, more than any other, South Korea's own story shows how foolish that would be.
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South Korea's president tries to rescue liberalism
News, Michael Schuman, Published on 27/09/2017
» While much of the world's attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter how governments tackle the most challenging problems of our day.
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South Korea's next leader must focus on growth
News, Michael Schuman, Published on 10/05/2017
» So much attention is being lavished on the nuclear-edged tantrums of Kim Jong-un in North Korea that the presidential election on the southern half of the Korean peninsula has gone practically unnoticed. But the outcome may be nearly as critical for the region's future as the fate of Mr Kim's weapons programme.
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Anti-trade policies would make the poor poorer
News, Michael Schuman, Published on 25/01/2017
» Without question, the most exciting economic story of the past half century has been the dramatic, and probably unprecedented, decline in global poverty. In a recent study, the World Bank estimated that in 2015, just over 700 million people remained trapped in desperate poverty, or 9.6% of the world's population. Those sound like big numbers until you compare them to 1990, when nearly two billion people languished in poverty -- a staggering 37% of the global populace. Such progress has raised the real possibility that extreme poverty can be eradicated in the not-too-distant future.
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Confucius' guide to foreign trade
News, Michael Schuman, Published on 12/08/2016
» Confucius was once asked if there was a single word that could act as a guide throughout one's life. "Reciprocity", the sage responded. He then preached a form of the Golden Rule: "What you do not want done to yourself, do not do to others."
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