Rebecca Grant: Coronavirus forces China reboot – rethink relationship, from trade to Olympics

Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. After Americans flatten the curve of coronavirus, it’s time to push back another spike: our increasing economic dependence on China, where the ruling Communist Party cares only about staying in power. The facts are clear. China is not our friend or ally or even a responsible business partner. Right now, between 30 percent and 40 percent of world national economic output is affected by the coronavirus shutdowns, calculated the Organization for Economic Cooperation and Development…

Trade, Security Issues to Dominate Vietnam’s ASEAN Tenure | Voice of America

Vietnam chairs the Association of Southeast Asian Nations, or ASEAN, this year, with trade and security expected to top the agenda. Analysts say that as Vietnam builds on its success at hosting international gatherings, like the U.S.-North Korea summit in 2019, its success may be tempered by challenges like the coronavirus outbreak and the need for consensus in ASEAN. Of several announced priorities for Hanoi’s ASEAN chairmanship, the two areas where observers expect the bloc to make the most progress are on economic and defense cooperation. Other objectives include increasing…

How to navigate the US-China trade war

In the years since China’s accession to the World Trade Organization in 2001, the country’s economy has grown to become second only to the United States in purchasing power parity terms. In the past decade, its global trade influence has also spread, and China has gradually usurped the US as the major supplier of goods to Europe, Asia, Africa and South America.  As long as it operated as a cheap factory, China’s growth was welcomed by the US, and its emergence as a new market for consumer goods was eagerly…

Political advantage through aid or trade: India’s knee jerk on Malaysia and Turkey

For years, China, Brunei, Taiwan, Malaysia, Philippines, and Vietnam have contested overlapping claims to hundreds of coral reefs, features, and islets in the South China Sea. China’s man-made islands fortified with airstrips, anti cruise missiles, control towers, naval bases has allowed it to assert its sovereignty vigorously and poised it to seize greater control of the sea. As it’s economic and military position bolstered, it resorted to bullying its small neighbors by illicitly entering their territorial waters or by hindering their oil and gas explorations in the disputed waters. China…

Australia, Indonesia move to implement trade deal as Jokowi visits, Australia/NZ News & Top Stories

SYDNEY (AFP) – Australia and Indonesia announced a 100-day plan on Monday (Feb 10) to implement a long-awaited trade deal, as the two countries hailed a “new beginning” for their sometimes troubled relationship. The two G-20 economies hope to deepen trade currently worth a modest US$12 billion (S$17 billion) a year, in a region increasingly dominated by China’s economic and military might. Addressing Australia’s Parliament on a landmark state visit, President Joko Widodo cast the two nations as would-be “Avengers” – “forces of good” uniting to defeat a “common enemy”…

The U.S.-China Trade War Has Vietnam in the Crosshairs | 2020-02-04

Quach Ngoc Thien should be basking in good times. His fabric-dyeing company is woven tightly into the global garment supply chain. Located in bustling Ho Chi Minh City, Hong Le Trading Co. is emblematic of the promise of a rising Vietnam, which enjoys one of the world’s fastest-growing economies. And now it’s expanding, creating a unit to produce fabric to be turned into T-shirts and dresses for Walmart, Nordstrom, and other U.S. retailers. Yet Thien sleeps fitfully. Every morning he reaches for his iPhone to scan news from faraway capitals…