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Capitalism: Begun the Trade War has
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    • US-CHINA 'PHASE ONE' TRADE AGREEMENT MAY NOT BE SIGNED AT CHILE APEC MEETING IN NOVEMBER, BUT PROGRESS IS BEING MADE -U.S. ADMINISTRATION OFFICIAL
    • IF A DEAL IS NOT SIGNED IN CHILE, THAT DOES NOT MEAN US-CHINA TALKS HAVE FALLEN APART, JUST THAT MORE TIME IS NEEDED -U.S. ADMINISTRATION OFFICIAL IF A DEAL IS NOT SIGNED IN CHILE, THAT DOES NOT MEAN US-CHINA TALKS HAVE FALLEN APART, JUST THAT MORE TIME IS NEEDED -U.S. ADMINISTRATION OFFICIA

    Surprise.

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  • The international summit where Trump and Xi were planning to sign a trade deal has been suddenly canceled

    Chile said it’s calling off the Asia-Pacific Economic Cooperation summit in Santiago in mid-November. President Donald Trump and Chinese leader Xi Jinping were scheduled to meet at the gathering to discuss a possible “phase one” deal that the two countries are close to finalizing.

    https://www.cnbc.com/2019/10/30/chile-president-cancels-apec-summit-next-month-where-trump-xi-were-expected-to-meet.html

    maybe someone doesn't want these APEC summits to happen, in New Zealand. the convention center built for APEC, a major fire may delay construction for a few years!

    Fire still burning at New Zealand convention center, APEC hosting in doubt

    Auckland’s mayor Phil Goff told the New Zealand Herald newspaper the center would now likely not be ready in time to host major world leaders and events for the Asia-Pacific Economic Cooperation (APEC) meeting in 2021.

    https://news.mb.com.ph/2019/10/23/fire-still-burning-at-new-zealand-convention-center-apec-hosting-in-doubt/

  • Something tells me that US love to patents and intellectual property won't last long

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    Expect soon twitter in usual place with something like:

    "Copyright and patents are for morons! Great America does not need them! I plan to propose new emergency decree declaring all copyright lovers as enemies of the state and we need to start treating them as dangerous terrorists!"

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  • Germany companies feelings:

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  • Neighbourly love-in Japan Inc has thrived in China of late

    In 1977, five years after China and Japan re-established diplomatic relations, Miyakoshi, an electronics manufacturer, became the first Japanese firm to receive a business permit from the Communist Party, to make cassette-tape recorders. In 2017 around 32,000 Japanese companies had investments worth $117bn on the mainland, one of the biggest foreign corporate footprints. Last year they poured close to $11bn into China, up by half since 2010 and not far off America’s long-stagnating tally. Big listed Japanese firms derived 17% of their overseas profits from China, according to calculations by Jesper Koll, a fund manager in Tokyo.

    The rapport between the world’s second- and third-biggest economies has never been better. Last year Chinese officials paid a visit to Panasonic, Canon and Toyota in Japan to meet executives and lure their firms to new free-trade zones. A year ago Shinzo Abe, Japan’s prime minister, travelled to China, to a forum attended by 1,000 businesspeople. During the trip the two countries announced 500 deals worth more than $18bn. Yet for all the bonhomie, it is also an unusually delicate time for Japanese businesses in the People’s Republic.

    Between the eagle and the dragon

    Then there is the spectre of Sino-American rivalry. Japanese firms have long benefited from geopolitical proximity to America and geographical closeness to China. The two are the most important markets for many Japanese companies, whose supply chains criss-cross both. As the superpowers jostle over everything from trade to technology, this blessing looks ever more like a curse. Because Japan’s firms are more exposed to China than American ones are—China is Japan’s largest trading partner—they would find it harder to give up on the Chinese market. It would be “a nightmare” to have to choose between Japan’s biggest neighbour and its chief strategic ally, says Ichiro Hara of Keidanren, a Japanese business lobby. As geopolitics impinges on globalised commerce, the choice may become inevitable.■

    https://www.economist.com/business/2019/11/09/japan-inc-has-thrived-in-china-of-late

  • Get ready for two decades of a US-China trade war and the peak of globalization, Jack Ma, the co-founder and former chairman of Alibaba Group, told Bloomberg TV Thursday evening in an exclusive interview.

    Ma warned that Sino-American relations could experience 20-years of "turbulence" if trade disputes aren't solved in a timely fashion.

    "We have to be very, very careful," Ma said. "We have to solve problems, and we should not create more problems."

    Ma is still idealist, thing is not about "solving problems" thing is in the fundamental conflicting interests.

  • Mood is Beijing about trade deal is pessimistic, government source tells me. China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.

    If Trump gets wind of the fact that China is ignoring him, or even has the perception Beijing is working against him politically, it must surely raise the risk of higher US tariffs -at least on 15 December -rather than the risk-on imminent decrease so many have said so loudly for oh-so long.

  • The Federal Communications Commission (FCC) has voted 5-0 on a new rule that would ban service providers from using government subsidies to buy China's Huawei and ZTE equipment.

    Clear sign of nearby agreement :-)

  • Chinese bosses are close to make fatal errors

    China said on Sunday it would seek to improve protections for intellectual property rights, including raising the upper limits for compensation for rights infringements.

    An opinion document released by the State Council and Communist Party’s Central Office on Sunday evening called for a strengthening of protections through both the civil and criminal justice systems and an effective enforcement of penalties.

    The document said that by 2022, China should be making progress in issues that have affected intellectual property rights enforcement, such as low compensation, high costs, and the difficulty of proof. By 2025, there should be a better system of protection in place.

    Proper way to make NO system and NO protection for any "intellectual property rights" right now.

    But having real capitalist corporations make such already impossible without blood.

  • US vows 100% tariffs on French Champagne, cheese, handbags over digital tax

    The US Trade Representative’s office said its “Section 301” investigation found that the French tax was “inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected US companies,” including Alphabet Inc’s Google, Facebook Inc, Apple Inc and Amazon.com Inc.

    US Trade Representative Robert Lighthizer said the government was exploring whether to open similar investigations into the digital services taxes of Austria, Italy and Turkey.

    The USTR is focused on countering the growing protectionism of EU member states, which unfairly targets US companies,” Lighthizer said. His statement made no mention of proposed digital taxes in Canada or Britain.

    Improvements all around.