Hillary Clinton Says China’s Foreign Power Grab ‘a New Global Battle’
on May 8, 2018
China’s attempt to gain political power and influence in foreign countries is “a new global battle”, Hillary Clinton has warned.
Chinese Missiles Are Transforming the Balance of Power in the Skies
on May 8, 2018
For a quarter century, the U.S. and its allies owned the skies, fighting wars secure in the knowledge that no opponent could compete in the air. As tensions with Russia and China surge, that’s no longer the case.
China Plans $47 Billion Fund to Boost Its Semiconductor Industry
on May 8, 2018
In a move that could further heighten tensions with the U.S., China is poised to announce a new fund of about 300 billion yuan—$47.4 billion—to spur development of its semiconductor industry as it seeks to close the technology gap with the U.S. and other rivals, according to people familiar with the matter.
No Matter What Trump Says on Iran, China Will Probably Ignore Him
on May 8, 2018
In a matter of hours, President Donald Trump is set to announce his decision on the Iran nuclear deal.
One-Time Potential Rival to China’s Xi Draws Life Sentence
on May 8, 2018
A former top Communist Party official once seen as a potential successor and rival to Chinese President Xi Jinping received a life sentence on corruption charges—a punishment state media portrayed as lenient.
Kim Pays a Second Surprise Visit to China, Heightening Diplomatic Drama
on May 8, 2018
The leaders of China and North Korea met for the second time in two months on Tuesday, staying overnight in this Chinese port city as China worked to regain control in the fast-moving diplomacy over the North’s nuclear program.
Can China Afford to Play Hardball with the U.S.?
A ChinaFile Conversation
on May 7, 2018
In the midst of roiling trade tensions between the United States and China, last week Treasury Secretary Steve Mnuchin led a delegation of Donald Trump’s top economic advisors to Beijing. Demands were made in both directions and talks were inconclusive. Beijing said “relatively big” differences remain. Unmet were the Trump administration’s requests of a reduction of up to U.S.$200 billion in the United States’ trade deficit with China of U.S.$375 billion, and for China to lower tariffs on U.S. products to levels the U.S. imposes on Chinese products. China hopes to improve production of advanced technologies such as semiconductors, artificial intelligence, and electric cars. Can it do this without U.S. trade? Can China afford to play hardball with the U.S.? Or will Beijing relent in order to protect China’s economy?
William Foster
on May 7, 2018
William (Bill) Foster is a Vice President-Senior Credit Officer in Moody’s Sovereign Risk Group in New York, where he serves as lead analyst on the United States, Canada, India, Kazakhstan, Sri Lanka, and World Bank Group credits.
Foster joined Moody’s in August 2016, following 10 years at the U.S. Department of the Treasury. He most recently served as Senior Advisor for International Financial Markets based in New York, where he was the Office of International Affairs’ first dedicated liaison to New York’s international financial community. From August 2012 to March 2015, he served as the U.S. Financial Attaché to India at the U.S. Embassy in New Delhi, where he represented the U.S. Government as its primary economic expert and financial diplomat in India. Foster joined Treasury’s Office of International Affairs as an international economist in 2006, and covered a wide range of geographies during his tenure, including Latin America and South and East Asia. Prior to joining Treasury, he worked as a management consultant at Accenture.
Foster holds a Master of International Affairs degree in International Financial and Economic Policy from Columbia University’s School of International and Public Affairs (SIPA) and a B.A. from Wesleyan University. He is a member of The Economic Club of New York and an Industry Advisory Board Member for Columbia Business School’s India Business Initiative.
Ou Chen’s Good Run
A Kenyan Sports Agent Wins in China
on May 7, 2018
The number of Chinese racers has risen dramatically—a phenomenon that Chinese media call a “marathon fever.” Obed Tiony, a Kenyan studying at Shanghai University, works as an agent for some 300 runners from Kenya and its neighbor Ethiopia. Tiony’s is a profession that exists everywhere in the world where Kenyan runners want to compete for lucrative prizes, but China’s road-racing market, with its explosive, sudden growth, is, Tiony says, an especially strong draw for runners who hope to make a living winning prize money.
Topics:
Society
U.S.-China Trade Talks End with Strong Demands, but Few Signs of a Deal
on May 4, 2018
The Beijing talks were unlikely to result in a comprehensive deal, but experts said they could still be a first step toward reaching some sort of accord.