US - China relations

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Business related.

China's shipbuilding sector takes over 70 pct of global orders​

Sep 10, 2024

On Shanghai's Changxing Island, a massive container ship is being readied for delivery.
As the world leader in the shipbuilding industry, China secured almost 75 percent of new global shipbuilding orders in H1 this year, with container and liquefied natural gas carriers topping the list.
According to the Ministry of Industry and Information Technology, Chinese shipbuilders completed projects totaling 25 million deadweight tons in the first half of the year, a more than 18 percent increase from last year.
New orders were up more than 43 percent, while backlogged orders grew by more than 38 percent.
Data from market research firm Market Research Intellect predicts the market size of China's shipbuilding industry will continue its expansion to top nine billion U.S. dollars by the year 2031.

1:30
 

A Trump 2.0 wrinkle for U.S.-China relations: sanctions on U.S. officials​

WASHINGTON, Sept 12 (Reuters) - As he campaigns for a second term, former president Donald Trump has made a tough stance toward China central to his pitch on foreign policy.

But if Trump is elected on Nov. 5, both he and China's leaders would confront an awkward reality: many of the top candidates for foreign policy jobs in a Trump administration are sanctioned by China and barred from the country.

Soon after President Joe Biden took office in 2021, China took the unprecedented step of sanctioning 28 former Trump administration officials for their roles in what Beijing saw as anti-China policies, in a gamble that the former president's days in the White House were over.

More:

 

US House passes bill targeting China that would limit EV tax credits​

WASHINGTON, Sept 12 (Reuters) - The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits.

The House voted 217 to 192 to approve the bill, which has not been taken up by the Senate, to tighten the definition of Chinese components that make vehicles ineligible for U.S. EV tax credits.

The Alliance for Automotive Innovation, which represents General Motors (GM.N), opens new tab, Toyota Motor (7203.T), opens new tab, Volkswagen (VOWG_p.DE), opens new tab, Hyundai (005380.KS), opens new tab and other car companies, said the bill would result in fewer vehicles qualifying and would mean aggressive rules on vehicle emissions and EV targets would need to be rolled back.

More:

 

Exclusive: US locks in steep China tariff hikes, many to start Sept. 27​

  • USTR maintains tariffs of 100% on Chinese EVs, 50% on semiconductors, 25% on batteries, steel
  • USTR doubles tariffs on Chinese face masks, surgical gloves syringes
  • US adds China tariff exclusions on five machinery categories
  • White House adviser says tariffs counteract 'unfair' China EV cost advantage
Sept 13 (Reuters) - The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China's state-driven excess production capacity.

The U.S. Trade Representative's office told Reuters that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would go into effect on Sept. 27.

More:

 
USNI podcast. Nothing to see, can listen in one tab, play around the forum in a different tab. It's basically an opinion piece so take it fwiw and dyodd.

No One Should Think the War Will Be Short By Commander Justin Cobb, U.S. Navy​

Sep 18, 2024 Proceedings Podcast

Convincing China that a war for Taiwan will certainly become protracted would be a strong deterrent.

37:24

If you prefer to read.................

 

Exploding pagers might give China an idea​

Israeli intelligence services have delivered a devastating and highly impressive blow against Hezbollah, the Iranian terrorist proxy based in southern Lebanon.

On Tuesday, Israeli security forces detonated small numbers of explosives they had planted inside Hezbollah pagers when they were being made in Western Europe months ago. The terrorists use this old technology to make them less vulnerable to attack. Splendid irony!

Then, on Wednesday, Israel blew up explosives hidden in portable radios. Nearly 20 Hezbollah operatives were killed over the two days, and thousands more were wounded. The operation softens up the Islamist killers in preparation for Israel to mount military action to end Hezbollah's rocket attacks on northern Israel, which have rendered 60,000 Israelis homeless for the past year.

Inflicting serious damage on a terrorist organization should be celebrated. But the Israeli method has the additional benefit of being a warning that the United States should be wary of continuing to rely on Chinese supply chains for critical goods in our economy.

Much has been reported on China's effort to secure dominance over minerals in our supply chain. But Hezbollah's plight underlines the specific risk of sabotage of technical devices.

More:

 
They take the money they earned and buy weapons to defeat us...oh well.
 
DM/GF podcast. Nothing to see, can listen in one tab, play around the forum in a different tab.

Podcast: China Part 2 - Belt & Road and military ambitions

David Murrin decodes major historical events to forecast global change in today's world. David is interviewed by his son on the current state of the world politically, economically and militarily (while having a few generational debates along the way). The State Of It covers financial markets...
www.davidmurrin.co.uk
 
WOTR podcast, nothing to see. Can listen in one tab, play around the forum in a different tab.

The Political Thought of Xi Jinping - War on the Rocks

On Sept. 19, Dr. Olivia Cheung, Research Fellow at the China Institute at SOAS University of London, spoke about her book, The Political Thought of Xi
warontherocks.com
 
fwiw (dyodd)

The Effectiveness of U.S. Economic Policies Regarding China Pursued from 2017 to 2024​

Although U.S.-China trade tensions have waxed and waned for decades, they have remained persistently high since 2017. In this report, the authors assess the effectiveness of more-restrictive U.S. economic policies adopted toward China and pursued between 2017 and 2024. These policies include those aimed at addressing the U.S. dependence on imports from China, preventing U.S. technologies from being transferred to China, and supporting investment and production in domestic industries that are deemed critical for U.S. national security and technological leadership.

The authors identify two main goals of these recent policies: promoting fairer trade and defending U.S. economic interests. In their policy review, they find that U.S. economic policies achieved limited progress in promoting fairer trade but a higher degree of success in defending U.S. economic-related interests. Finally, the authors present several policy recommendations to better achieve these two goals related to trade, industry, controls on technology, economic diplomacy, foreign investment, and diversification of supply chains away from China.

More:

 

Report to Congress on Chinese Hacks of U.S. Telecoms​

October 30, 2024 10:58 AM

The following is the Oct. 29, 2024, Congressional Research Service In Focus report. Salt Typhoon Hacks of Telecommunications Companies and Federal Response Implications.

From the report​

In early October 2024, media outlets reported that People’s Republic of China (PRC) state-sponsored hackers infiltrated United States telecommunications companies (including internet service providers). The U.S. government has since confirmed both the PRC’s actions and the existence of an ongoing investigation into the hacks. This is not the first time that the PRC has attacked the U.S. communications sector—and reflects a pattern of targeting the sector for both its role in enabling other sectors, and also the value of the systems and data contained within the sector itself.

More:

 
Podcast, nothing to see, can listen in one tab, play around the forum in a different tab.

How China Uses Economic Sanctions - War on the Rocks

Kerry Anderson, TNSR Production Editor, talks with Ketian Zhang about her article for TNSR, "Just Do It: Explaining the Characteristics and Rationale of
warontherocks.com
 

The Chinese Threat to America’s Food Supply: Kip Tom​

Premiered 17 hours ago

This is the 30 minute TV version of Jan Jekielek’s interview with Kip Tom. The longer-form version was released on Epoch TV on October 19, 2024.
Watch the extended version of this episode: https://ept.ms/Y1019KipTom

“Food security is our national security. Any nation that’s not food secure is only three meals from chaos. And I think Xi Jinping knows that very well,” says Kip Tom, a 7th generation farmer in Indiana and a former U.S. ambassador to the U.N. agencies for food and agriculture.

America is a lot less food secure than we may think, says Tom. Over half of all American agrochemical imports come from China. Chinese firms now own Syngenta, an agrochemical and seed giant, and Virginia-based Smithfield Foods, which was the world’s largest pork producer when it was acquired in 2013.

There are also concerns that the Chinese communist regime could launch cyberattacks on U.S. agricultural infrastructure and data systems—with major consequences for America’s food supply chain.

Tom argues that America needs a “national agricultural strategy” to safeguard American food security and protect agricultural innovation in the United States.

22:39

CHAPTER HEADERS
0:00:01 - The Importance of Food Security
0:00:15 - China's Influence in Global Food Organizations
0:02:07 - China's Acquisition of Smithfield and Syngenta
0:07:11 - Implications of Chinese-Controlled Companies in the US
0:11:41 - China's Tactics for Exploiting US Agricultural IP
0:16:15 - Kip Tom's Family Farming Legacy
0:20:14 - The Extent of China's Hold Over US Agriculture
0:21:36 - The Need for a National Agricultural Strategy
 

Congressional committee advises revoking China’s trade status​

An influential bipartisan commission that advises Congress on China has called for some of the most aggressive legislative actions yet to counter the growing economic and security risks posed by Beijing.

The U.S.-China Economic and Security Review Commission advised revoking China’s normal trade status, shuttering duty-free loopholes on Chinese e-commerce goods and launching a “Manhattan Project-style” program to outpace Beijing in the development of advanced artificial intelligence.

In its annual report released Tuesday, the commission urged lawmakers to address China’s military technology advancements, trade practices and human rights abuses while keeping Beijing’s economic threat in focus ahead of the upcoming government transition.

For the first time, the commission unanimously recommended revoking permanent normal trade relations (PNTR) status for China — a cornerstone of U.S.-China trade since Beijing’s entry into the World Trade Organization in 2001. The advice, if taken by Congress, would dramatically reshape economic relations between the two nations and probably subject Chinese imports to significantly higher tariffs.

More:

 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…