After the US and Europe, Asia may embrace protectionist policies against Chinese imports in the face of China's industrial overcapacity, writes our Asia ex-Japan chief economist Sonal Varma for Nikkei Asia https://lnkd.in/g-Yy54Wa
Nomura’s Post
More Relevant Posts
-
The widening surplus is not only about rising exports. China has reduced or stopped buying many manufactured goods from the West as part of a series of national security and economic development measures over the past two decades. China’s surpluses in manufactured goods are now roughly twice as big, relative to the global economy, as the biggest surpluses achieved by Japan during the 1980s or Germany right before the global financial crisis, according to calculations by Brad Setser and Michael Weilandt, economists at the Council on Foreign Relations in New York.
China’s Exports Are Surging. Get Ready for the Global Backlash.
https://www.nytimes.com
To view or add a comment, sign in
-
The widening surplus is not only about rising exports. China has reduced or stopped buying many manufactured goods from the West as part of a series of national security and economic development measures over the past two decades. China’s surpluses in manufactured goods are now roughly twice as big, relative to the global economy, as the biggest surpluses achieved by Japan during the 1980s or Germany right before the global financial crisis, according to calculations by Brad Setser and Michael Weilandt, economists at the Council on Foreign Relations in New York.
China’s Exports Are Surging. Get Ready for the Global Backlash.
https://www.nytimes.com
To view or add a comment, sign in
-
The Phase One Trade Agreement is an agreement between China and the United States that increases the export of certain US goods and services to China. Some of the goods and services that China committed to purchase are manufacturing, agricultural, and energy products in the amount of 200 billion dollars. Some positive outcomes of this occurred, such as increased imports and exports, improved structural reforms in China's intellectual property laws, made access to US agricultural exports easier, and improved market entry for US financial service firms. Despite the benefits, the Phase One Deal is not seen as a success. China only fulfilled about 60% of the specified goods trade amount, partially due to trade flow issues from Covid. Export losses caused by the trade war cost US taxpayers tens of billions of dollars in agricultural subsidies. #ChangeMakers #AllianceforCitizenEngagement #ACE #YouthEngagement #PolicyPerspectives #InformedGeneration #NonpartisanResearch #EmpoweringYouth #DemocraticallyEngaged #PoliticalAwareness #ResearchMatters #TradeWar #GlobalEconomy #ForeignPolicy #Internationaltrade #nonpartisanresearch #ChinaUSrelations Link: https://lnkd.in/eREiYEEb
Failures and Successes of the Phase One Trade Agreement with China
https://ace-usa.org
To view or add a comment, sign in
-
Follow the Money... A Closer Look at China's Top Trade Partners China shapes the international trade arena as the world's largest goods exporter and second largest economy in the world. Love it or hate it, with an intricate web of trade ties encompassing 200+ nations, China is the a force that can't be denied. Analyzing 2022 trade data from China's Customs Administration, Genuine Impact and Visual Capitalist dissect prime trade partners, detailing China's imports and exports by destination. Here's what they found: In 2022, China's exports surged to $3.57 trillion, coupled with imports of $2.71 trillion, yielding an astounding trade surplus of $857 billion. And who were the major players in this game? 💲 United States: Imports $177.7B, Exports $578.8B, Balance +$401.1B 💲Hong Kong: Imports $7.8B, Exports $295.2B, Balance +$287.4B 💲 Netherlands: Imports $12.5B, Exports $117.4B, Balance +$104.9B China boasted trade surpluses with 174 of 234 nations listed, notably with giants like the U.S. ($401.1B surplus) and India ($100.3B surplus). China's trade partnerships aren't solely financial but stem from historical and geopolitical factors as well. For example, Taiwan's semiconductor stronghold positions it as both ally and adversary, mirroring broader tensions. In addition, China's investments in global infrastructure foreshadow evolving trade relations with developing nations. As China's economic landscape evolves, the intricacies of its global ties – both cooperative and contentious – are poised to deepen. #China #GlobalBusiness #USA #InternationalTrade #Imports #Exports
To view or add a comment, sign in
-
-
Follow the Money... A Closer Look at China's Top Trade Partners China shapes the international trade arena as the world's largest goods exporter and second largest economy in the world. Love it or hate it, with an intricate web of trade ties encompassing 200+ nations, China is the a force that can't be denied. Analyzing 2022 trade data from China's Customs Administration, Genuine Impact and Visual Capitalist dissect prime trade partners, detailing China's imports and exports by destination. Here's what they found: In 2022, China's exports surged to $3.57 trillion, coupled with imports of $2.71 trillion, yielding an astounding trade surplus of $857 billion. And who were the major players in this game? 💲 United States: Imports $177.7B, Exports $578.8B, Balance +$401.1B 💲Hong Kong: Imports $7.8B, Exports $295.2B, Balance +$287.4B 💲 Netherlands: Imports $12.5B, Exports $117.4B, Balance +$104.9B China boasted trade surpluses with 174 of 234 nations listed, notably with giants like the U.S. ($401.1B surplus) and India ($100.3B surplus). China's trade partnerships aren't solely financial but stem from historical and geopolitical factors as well. For example, Taiwan's semiconductor stronghold positions it as both ally and adversary, mirroring broader tensions. In addition, China's investments in global infrastructure foreshadow evolving trade relations with developing nations. As China's economic landscape evolves, the intricacies of its global ties – both cooperative and contentious – are poised to deepen. #China #GlobalBusiness #USA #InternationalTrade #Imports #Exports
To view or add a comment, sign in
-
-
Follow the Money... A Closer Look at China's Top Trade Partners China shapes the international trade arena as the world's largest goods exporter and second largest economy in the world. Love it or hate it, with an intricate web of trade ties encompassing 200+ nations, China is the a force that can't be denied. Analyzing 2022 trade data from China's Customs Administration, Genuine Impact and Visual Capitalist dissect prime trade partners, detailing China's imports and exports by destination. Here's what they found: In 2022, China's exports surged to $3.57 trillion, coupled with imports of $2.71 trillion, yielding an astounding trade surplus of $857 billion. And who were the major players in this game? 💲 United States: Imports $177.7B, Exports $578.8B, Balance +$401.1B 💲Hong Kong: Imports $7.8B, Exports $295.2B, Balance +$287.4B 💲 Netherlands: Imports $12.5B, Exports $117.4B, Balance +$104.9B China boasted trade surpluses with 174 of 234 nations listed, notably with giants like the U.S. ($401.1B surplus) and India ($100.3B surplus). China's trade partnerships aren't solely financial but stem from historical and geopolitical factors as well. For example, Taiwan's semiconductor stronghold positions it as both ally and adversary, mirroring broader tensions. In addition, China's investments in global infrastructure foreshadow evolving trade relations with developing nations. As China's economic landscape evolves, the intricacies of its global ties – both cooperative and contentious – are poised to deepen. #China #GlobalBusiness #USA #InternationalTrade #Imports #Exports
To view or add a comment, sign in
-
-
China Trade is shaping world commerce
Follow the Money... A Closer Look at China's Top Trade Partners China shapes the international trade arena as the world's largest goods exporter and second largest economy in the world. Love it or hate it, with an intricate web of trade ties encompassing 200+ nations, China is the a force that can't be denied. Analyzing 2022 trade data from China's Customs Administration, Genuine Impact and Visual Capitalist dissect prime trade partners, detailing China's imports and exports by destination. Here's what they found: In 2022, China's exports surged to $3.57 trillion, coupled with imports of $2.71 trillion, yielding an astounding trade surplus of $857 billion. And who were the major players in this game? 💲 United States: Imports $177.7B, Exports $578.8B, Balance +$401.1B 💲Hong Kong: Imports $7.8B, Exports $295.2B, Balance +$287.4B 💲 Netherlands: Imports $12.5B, Exports $117.4B, Balance +$104.9B China boasted trade surpluses with 174 of 234 nations listed, notably with giants like the U.S. ($401.1B surplus) and India ($100.3B surplus). China's trade partnerships aren't solely financial but stem from historical and geopolitical factors as well. For example, Taiwan's semiconductor stronghold positions it as both ally and adversary, mirroring broader tensions. In addition, China's investments in global infrastructure foreshadow evolving trade relations with developing nations. As China's economic landscape evolves, the intricacies of its global ties – both cooperative and contentious – are poised to deepen. #China #GlobalBusiness #USA #InternationalTrade #Imports #Exports
To view or add a comment, sign in
-
-
Follow the Money... A Closer Look at China's Top Trade Partners China shapes the international trade arena as the world's largest goods exporter and second largest economy in the world. Love it or hate it, with an intricate web of trade ties encompassing 200+ nations, China is the a force that can't be denied. Analyzing 2022 trade data from China's Customs Administration, Genuine Impact and Visual Capitalist dissect prime trade partners, detailing China's imports and exports by destination. Here's what they found: In 2022, China's exports surged to $3.57 trillion, coupled with imports of $2.71 trillion, yielding an astounding trade surplus of $857 billion. And who were the major players in this game? 💲 United States: Imports $177.7B, Exports $578.8B, Balance +$401.1B 💲Hong Kong: Imports $7.8B, Exports $295.2B, Balance +$287.4B 💲 Netherlands: Imports $12.5B, Exports $117.4B, Balance +$104.9B China boasted trade surpluses with 174 of 234 nations listed, notably with giants like the U.S. ($401.1B surplus) and India ($100.3B surplus). China's trade partnerships aren't solely financial but stem from historical and geopolitical factors as well. For example, Taiwan's semiconductor stronghold positions it as both ally and adversary, mirroring broader tensions. In addition, China's investments in global infrastructure foreshadow evolving trade relations with developing nations. As China's economic landscape evolves, the intricacies of its global ties – both cooperative and contentious – are poised to deepen. #China #GlobalBusiness #USA #InternationalTrade #Imports #Exports
To view or add a comment, sign in
-
-
Sourcing from China getting worse this year? ...what do you think? 🇺🇸 ➡ 🇨🇳 Tariff reductions, improved market access, etc. - are some of optimistic outcomes. While the US is resuming talks with China, it is a lengthy process that might be curved by the presidential elections later this year. 🇪🇺 ⬅ 🇨🇳 The current trend of European companies sourcing from China might change as well, with the proposed Carbon Border Tax. The other possibility - consumers would bear the increased costs for goods imported from China. What are the most common goods sourced from China in USA and Europe at the moment, and how are they impacted by this? Check out this article with data about China exports for last year. #chinatrade #chinasupplier #chinasourcing #tradenews
Export to China: trends and facts - Silver Lining – Silverbird
silverbird.com
To view or add a comment, sign in
-
China is ramping up economic pressure on Taiwan, targeting bilateral trade between the two countries. Most recently, China's commerce ministry announced it was mulling whether to drop tariff reductions on Taiwanese imports on an "early harvest" list under the cross-strait framework agreement known as ECFA. That would add to the 12 Taiwanese chemical products it removed tariff relief from at the beginning of January. How might these actions impact Taiwan's economy and its upcoming elections? The always insightful Gary Ng and I discuss the potential fallout.
Analysis: China's Trade Pressure on Taiwan
taiwanplus.com
To view or add a comment, sign in