Dave Farber
2018-11-20 18:57:08 UTC
Date: November 21, 2018 at 2:22:24 AM GMT+9
Subject: IS: China Is Paying for Most of Trump's Trade War, Research Says (&) Chinaâs Biggest Problem Isnât Trump. Itâs China.
China Is Paying for Most of Trump's Trade War, Research Says
https://www.bloomberg.com/news/articles/2018-11-19/china-is-paying-for-most-of-trump-s-trade-war-research-says
President Donald Trump is succeeding in making China pay most of the cost of his trade war.
Thatâs the conclusion of a new paper from EconPol Europe, a network of researchers in the European Union. U.S. companies and consumers will only pay 4.5 percent more after the nation imposed 25 percent tariffs on $250 billion of Chinese goods, and the other 20.5 percent toll will fall on Chinese producers, according to authors Benedikt Zoller-Rydzek and Gabriel Felbermayr...
[...]
Chinaâs Biggest Problem Isnât Trump. Itâs China.
Long before the trade war heated up, Beijing started cooling off its own economy.
https://www.bloomberg.com/opinion/articles/2018-11-19/china-slowed-its-economy-long-before-trump-s-trade-war
EXCERPT
Chinaâs Self-Harm
For all the tariffs and threats President Donald Trump hurls at China, theyâre not nearly as harmful as what China throws at itself.
The countryâs economic growth, once the envy of the world, has languished lately, and itâs easy to blame the trade war Trump has been ratcheting up all year. But China was slowing its economy down long before Trump got involved, in an effort to end some boom-era excesses, including overly risky borrowing. After its efforts worked maybe a little too well, it has tried to goose the economy here and there with tax cuts and liquidity injections. But Andrew Polk points out it still hasnât rescinded its earlier belt-tightening mandates. And no, the trade war doesnât help. The result is uncertainty and confusion that will keep Chinaâs economy sluggish for the next year or more, slowing down the rest of the world.
Another, more specific, way China hurts itself is in genetic research. China has a big population with a lot of genetic data â a gold mine to public and corporate researchers. As it tends to do with such resources, China is hoarding this gold mine a little too aggressively, notes Adam Minter. He writes this is not only a huge loss for medical research â which would benefit China â but also means Chinaâs own companies and scientists are cut off from the rest of the world.
Further China Reading: Chinaâs suffocating surveillance state is being adopted around the world, and the U.S. must do a better job of setting a competing example...
[...]
--
living as The Truth is True
http://geoff.livejournal.com
-------------------------------------------Subject: IS: China Is Paying for Most of Trump's Trade War, Research Says (&) Chinaâs Biggest Problem Isnât Trump. Itâs China.
China Is Paying for Most of Trump's Trade War, Research Says
https://www.bloomberg.com/news/articles/2018-11-19/china-is-paying-for-most-of-trump-s-trade-war-research-says
President Donald Trump is succeeding in making China pay most of the cost of his trade war.
Thatâs the conclusion of a new paper from EconPol Europe, a network of researchers in the European Union. U.S. companies and consumers will only pay 4.5 percent more after the nation imposed 25 percent tariffs on $250 billion of Chinese goods, and the other 20.5 percent toll will fall on Chinese producers, according to authors Benedikt Zoller-Rydzek and Gabriel Felbermayr...
[...]
Chinaâs Biggest Problem Isnât Trump. Itâs China.
Long before the trade war heated up, Beijing started cooling off its own economy.
https://www.bloomberg.com/opinion/articles/2018-11-19/china-slowed-its-economy-long-before-trump-s-trade-war
EXCERPT
Chinaâs Self-Harm
For all the tariffs and threats President Donald Trump hurls at China, theyâre not nearly as harmful as what China throws at itself.
The countryâs economic growth, once the envy of the world, has languished lately, and itâs easy to blame the trade war Trump has been ratcheting up all year. But China was slowing its economy down long before Trump got involved, in an effort to end some boom-era excesses, including overly risky borrowing. After its efforts worked maybe a little too well, it has tried to goose the economy here and there with tax cuts and liquidity injections. But Andrew Polk points out it still hasnât rescinded its earlier belt-tightening mandates. And no, the trade war doesnât help. The result is uncertainty and confusion that will keep Chinaâs economy sluggish for the next year or more, slowing down the rest of the world.
Another, more specific, way China hurts itself is in genetic research. China has a big population with a lot of genetic data â a gold mine to public and corporate researchers. As it tends to do with such resources, China is hoarding this gold mine a little too aggressively, notes Adam Minter. He writes this is not only a huge loss for medical research â which would benefit China â but also means Chinaâs own companies and scientists are cut off from the rest of the world.
Further China Reading: Chinaâs suffocating surveillance state is being adopted around the world, and the U.S. must do a better job of setting a competing example...
[...]
--
living as The Truth is True
http://geoff.livejournal.com
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