The geo-political rivalry between the US and China has expanded into the geo-technological realm. The race for AI dominance and digital economic sovereignty has the potential to dramatically reshape the global balance of power.
Following the astonishing display of violence in Paris on the third weekend of the hitherto peaceful gilets jaunes (yellow vest) protests in France, the movement has suddenly been transformed into a major crisis for the presidency of Emmanuel Macron.
It is more than 21 years since Hong Kong became a Special Administrative Region of China. Much has happened that is positive since 1997. At the same time there have been recurring political incidents and stand-offs. Could the HKSAR see a positive future within China?
In October 2018, the MoU on the feasibility study of the Muse-Mandalay railway, a part of the USD 20 billion Sino-Myanmar railway, was signed. This led to the speculation that the canceled Sino-Myanmar railway might be resumed.
One of the important dimensions of the China-US relationship are the sub-national linkages between Chinese provinces and US states. Links between Chinese and US cities, and Chinese provinces as well as US states, have played a role in giving a fillip to economic relations.
The EU has started the process to withdraw Cambodia’s trade benefits under the “Everything But Arms arrangement, or EBA, which guarantees completely tariff-free access to the European market for all exports except for weapons and ammunition.”
While the debt issue is definitely a major obstacle to some projects, it is not detrimental to the Belt and Road Initiative. In order to address this problem, China has strengthened cooperation and policy coordination with the BRI states and made some progress on it.
Thanks to Trump’s trade war on China, the US is about to experience a massive sample of just what a new, very large consumption tax will taste like. The result is sure to be a significant tax-based lifting of sticker prices across a huge range of goods.