China’s Land Reclamation Processes Cause Angst

Published on Author martint16

China is apparently building a “great wall of sand,” according to a top U.S. official. Its attempt at land reclamation is raising concerns over the country’s real intentions since the process is occurring in contested waters of the South China Sea. The U.S. Pacific Fleet Commander Admiral Harry Harris accused China of building the wall… Continue reading China’s Land Reclamation Processes Cause Angst

China Agrees to Delay Recent Bank Technology Rules

Published on Author martint16

Monday was a small win for technology companies in the United States. A senior U.S. Treasury official explained China has agreed to delay implementation of some bank technology rules, igniting heavy lobbying by the U.S. government and tech companies due to protectionist concerns. However, it is unclear how long China will delay the rules and… Continue reading China Agrees to Delay Recent Bank Technology Rules

AIIB Update: Japan Joins U.S. Against Chinese-Backed Lender

Published on Author martint16

My last blog post mentioned that several European banks have signed up for China’s new development bank, despite U.S. opposition. As of yesterday, the Wall Street Journal published another article relating to the Asian Infrastructure Investment Bank (AIIB).   China’s plans for a new development bank to fund infrastructure in Asia poses a challenge to Japan,… Continue reading AIIB Update: Japan Joins U.S. Against Chinese-Backed Lender

China’s Property Market Falls

Published on Author martint16

China’s property market continues to slide, despite several rounds of monetary easing, an article from the Wall Street Journal explains. Data released Wednesday showed property prices fell more than 5% in February compared to the year earlier. Declines are widespread, with 47 out of 70 cities experiencing price drops more than the national average. One… Continue reading China’s Property Market Falls

Euro Countries Join Chinese Bank Despite US Criticism

Published on Author martint16

The U.S.’ efforts to keep leading western countries out of the new China-led international development bank have been dealt a blow. Last week, Britain announced it would join the $50 billion Asian Infrastructure Investment Bank (AIIB), a likely rival to the World Bank based in Washington. Now France, Germany, and Italy have agreed to follow… Continue reading Euro Countries Join Chinese Bank Despite US Criticism

China Calls U.S.’ Claim Groundless

Published on Author martint16

The U.S. recently filed a complaint to the World Trade Organization accusing China of unfairly subsidizing a number of industries. China’s minister of commerce, Gao Hucheng, called the complaint groundless, suggesting the action was part of a rising tide of protectionism, an article from the Wall Street Journal explains. The latest complaint follows from a… Continue reading China Calls U.S.’ Claim Groundless

China’s Space Plans a Threat to U.S.

Published on Author martint16

Congress recently issued a report explaining that China is developing space technologies to block U.S. military communications. According to the Bloomberg article, the program is part of China’s President Xi Jingping’s “China Dream” strategy of strengthening national power and reshaping the Asia-Pacific political environment into one in which its interest are given greater attention. China’s… Continue reading China’s Space Plans a Threat to U.S.

China’s Imports Slide

Published on Author martint16

China’s economy continues to show weakness as trade performance sagged last month. While analysts expected some dip, export and import levels fell 3.3 percent and 19.9 percent respectively, far worse than earlier predictions. Experts anticipated exports to gain 6.3 percent, and the slowdown in imports to slow to 3 percent. An import slide of this… Continue reading China’s Imports Slide