Additions to Australia’s recently formed Cabinet have attempted to mend a somewhat fractious relationship between Canberra and Beijing, and economically, there is no relationship more important to Australia. But has the efforts of these ministers been a success, or will the negative actions taken towards China by Australia’s former government caused irreparable damage? Australia’s sixth […]
According to a recent article by Charles Wallace, posted on the Daily Finance (Currency Wars: How Ben Bernanke Outsmarted China), the U.S. has already taken the first ‘shot’ of the U.S.-China – often proclaimed, never materializing – trade war. Mr. Wallace reported that Fed Chairman Ben Bernanke’s program of quantitative easing is targeting the Chinese […]
Paraphrase of NYTs Helene Cooper’s 26 Nov 2010 article: A fundamental tenet of foreign affairs doctrine holds that sovereign nations will always define and act in their own national interests, and will rarely against their own interests. Somebody needs to tell that to the United States when it comes to China, many foreign policy experts say. A key part of America’s relationship with China now turns on a question that is, at its heart, an interminable conundrum: How to get Beijing to do what its leaders don’t believe are good for their country, but will benefit ours? From economics to climate change to currency to Iran and finally culminating with North Korea last week, America has sought to push, prod and cajole China, to little or no avail.
One day after China’s top climate official, Li Gao, requested that his country’s export sector be exempt from greenhouse gas emissions reductions, U.S. Energy Secretary Steven Chu announced the possibility of levying a carbon tariff on countries that do not match US greenhouse gas emissions restrictions. Chu told a House science panel that such border […]
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