Category: China

Trump’s China Torture Act Backfires

FORBES William Pesek It’s time to call Donald Trump’s trade war what it is: an experiment in economic torture. Only, the U.S. president is dabbling in both roles. On the one hand, his tariffs are giving China quite a wallop, delivering sadistic pain and humiliation to Asia’s biggest economy. On the other, the pain is
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Why Fed policy is made in Beijing

NIKKEI ASIAN REVIEW US central bank knows it cannot risk triggering shocks in China William Pesek China, as everyone knows, has empowered its economy by becoming the global factory. But is it also now manufacturing Federal Reserve policy? It is hard not to conclude as much, given the Fed’s about-face on U.S. interest rates. Chairman
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Caterpillar — China spell is broken

NIKKEI ASIAN REVIEW Global construction faces uncertainty if Beijing can no longer wave the magic wand William Pesek Bad things come in threes — a superstition given new resonance for world markets as Caterpillar, Intel and Nvidia suddenly flash corporate warning signs. China, which just recorded its slowest annual growth since 1990, is at the
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China is about to stress test the world

Beijing is already in damage-control mode, rolling out tax cuts, new business loans and infrastructure projects to keep growth from plunging below 6% By WILLIAM PESEK DECEMBER 18, 2018 12:41 PM (UTC+8) The Trump administration is about to grapple with the “Pottery Barn rule” as China’s economy hits a wall. The “you break it, you bought it” principle applies
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