China to lead international trade in Asia Pacific
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28-03-2017, 11:12 AM
China to lead international trade in Asia Pacific
Premier Li Keqiang shows China means to pick up baton the United States has dropped

Quote:The inward focus of "America First", not just in economic policy but in alliance commitments and military bases, opens the possibility for China to become the dominant power in the Asia-Pacific hemisphere. It knows its reception in the smaller economies of the region could be greatly enhanced if it picks up the baton dropped by the US and lends its weight to a comprehensive set of fair rules governing international commerce and investment.

Quote:China, in association with Asean, is already negotiating a 'Regional Comprehensive Economic Partnership' that would be open for others to join. Bill English hedged his view of the RCEP after his talks with Premier Li, saying it would be "a bit of a challenge" to get a deal of the quality New Zealand wanted. But the TPP has set the benchmark for what can be reasonably be expected and all future trade agreements will be measured against it.

As expected, USA pulling out of TPP, isn't the end of International trade, China will step up and replace USA, will gain the mutual benefits free trade offers while USA cowers in their little protectionist corner of the world.
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28-03-2017, 11:26 AM
RE: China to lead international trade in Asia Pacific
(28-03-2017 11:12 AM)Stevil Wrote:  Premier Li Keqiang shows China means to pick up baton the United States has dropped

Quote:The inward focus of "America First", not just in economic policy but in alliance commitments and military bases, opens the possibility for China to become the dominant power in the Asia-Pacific hemisphere. It knows its reception in the smaller economies of the region could be greatly enhanced if it picks up the baton dropped by the US and lends its weight to a comprehensive set of fair rules governing international commerce and investment.

Quote:China, in association with Asean, is already negotiating a 'Regional Comprehensive Economic Partnership' that would be open for others to join. Bill English hedged his view of the RCEP after his talks with Premier Li, saying it would be "a bit of a challenge" to get a deal of the quality New Zealand wanted. But the TPP has set the benchmark for what can be reasonably be expected and all future trade agreements will be measured against it.

As expected, USA pulling out of TPP, isn't the end of International trade, China will step up and replace USA, will gain the mutual benefits free trade offers while USA cowers in their little protectionist corner of the world.

We are fucking stupid. Xi didn't have to even lift a finger and China's laughing all the way to the bank.

There is only one really serious philosophical question, and that is suicide. -Camus
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28-03-2017, 01:51 PM
RE: China to lead international trade in Asia Pacific
Wrote about this possibility back in January when talks for Chinese involvement were starting to be floated, and apparently since, new expanded trade has been a more realistic fact of international relations.

I for one welcome our new trade partners.

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28-03-2017, 03:29 PM
RE: China to lead international trade in Asia Pacific
And then there is the possibility of China taking the lead in combating Global Climate Change.
It seems the baton of world leadership is soon changing hands from USA to China.
A few years of USA's economic policies (under Trump) and perhaps the Chinese economy will overtake that of the US.

Trump's climate policies put China in charge of our future

Quote:The dying of the Great Barrier Reef; the crippling, ongoing drought in East Africa; the thawing of Arctic ice. All of these should make us more determined to tackle the problem at the source by reducing our worldwide carbon emissions.
But we don't live in a rational world. Tracking the rapid rise in global temperatures has been an equally fast increase in the politically motivated denial of the basic science of climate change.

Quote:Before his election, Donald Trump tweeted that he believed climate was invented by the Chinese to undermine US manufacturing. This absurd conspiracy theory would be laughable if it had not come from someone who is now the world's most powerful man.

Quote:Obama's most important climate legacy was the US agreement with the Chinese leader Xi Jinping that in return for American carbon reductions, China would seek to peak its greenhouse gas emissions by 2030.
Whether or not China continues to aim for this goal -- now that the United States has made clear its intention to fail in its side of the bargain -- is uncertain.

Quote:After years of stalling, China now finds itself in the unenviable position of being world leader on climate change, thanks to Trump's willfully blind irresponsibility.
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28-03-2017, 03:41 PM
RE: China to lead international trade in Asia Pacific
US to China

..............Global lead on Trade and CO2 Emissions
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28-03-2017, 04:24 PM
RE: China to lead international trade in Asia Pacific
(28-03-2017 11:12 AM)Stevil Wrote:  ...
As expected, USA pulling out of TPP, isn't the end of International trade, China will step up and replace USA, will gain the mutual benefits free trade offers while USA cowers in their little protectionist corner of the world.

... and the mutual costs and risks?

It's fair trade, rather than free trade, or lack of, that's going to be the thing to watch.

Which governance models will prevail, is what I'm wondering.

Dunno whether to retire or to set up an office in China.

I'm leaning towards the former.

Sleepy

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28-03-2017, 04:45 PM
RE: China to lead international trade in Asia Pacific
(28-03-2017 04:24 PM)DLJ Wrote:  
(28-03-2017 11:12 AM)Stevil Wrote:  ...
As expected, USA pulling out of TPP, isn't the end of International trade, China will step up and replace USA, will gain the mutual benefits free trade offers while USA cowers in their little protectionist corner of the world.

... and the mutual costs and risks?

It's fair trade, rather than free trade, or lack of, that's going to be the thing to watch.

Which governance models will prevail, is what I'm wondering.

Dunno whether to retire or to set up an office in China.

I'm leaning towards the former.

Sleepy
Business with China is difficult. Their lack of policing Intellectual Property, their corrupt practices and other oddities are a challenge, more so that doing business with USA, But USA won't play ball, so we need to make the best of other opportunities. In the long run this may give ultimate power to China, help them to economically overtake USA and whatever that means on the global scale regarding human rights, Intellectual Property, freedom of speech, IDK,

USA is giving up their global influence and leadership, China sees this as a golden opportunity, and quite rightly so. NZ being such a small country, we need these partnerships.
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