Boeing would be on the front lines of a trade war with China - March 15, 2018

Media Report

March 15 , 2018

CNN：Boeing would be on the front lines of a trade war with China
CNN reports: "Plenty of American companies would be at risk in a trade war between the United States and China. But Boeing might be the most vulnerable. Boeing (BA) is the nation's single largest exporter, and China is a critical market for the company. The Chinese government has signaled that it would consider ordering Airbus planes instead of Boeing jets if the United States steps out of line on trade... Shares in the aviation giant fell 2.5% on Wednesday. Reuters reported on Tuesday that President Donald Trump was considering putting tariffs on up to $60 billion of Chinese imports to punish China over intellectual property theft. Last week, Trump put steep tariffs on steel and aluminum imports. Boeing has been clear about how vital China is to its continued success."
CBS News：Chinese investment in the U.S. could grind to a halt
CBS News reports: "The unspoken compact that has anchored the relationship between China's government and its people - stay out of politics and we'll help you prosper - is being tested like never before by President Xi Jinping's move to extend his power. The decision this week to abolish presidential term limits, setting the stage for Xi to rule indefinitely, has engendered widespread unease and jolted a generation that was brought up largely apathetic about politics. It also laid bare a corollary to the state-society bargain: that many in China believed that their government would gradually become more liberal and open, not swerve back toward authoritarianism or even to strongman rule, according to analysts."
The Economist：The battle for digital supremacy
The Economist comments: "Earlier this year Congress introduced a bill to stop the government doing business with two Chinese telecoms firms, Huawei and ZTE. Eric Schmidt, the former chairman of Alphabet, Google's parent, has warned that China will overtake America in artificial intelligence (AI) by 2025... China's technological rise requires a strategic answer, not a knee-jerk one. To understand what America's strategy should be, first define the problem. it is one thing for a country to dominate televisions and toys, another the core information technologies. They are the basis for the manufacture, networking and destructive power of advanced weapons systems. More generally, they are often subject to extreme network effects, in which one winner establishes an unassailable position in each market. This means that a country may be squeezed out of vital technologies by foreign rivals pumped up by state support."

Calendar

2018-03-14 Chinese investment in the U.S. could grind to a halt
2018-03-13 China sets up new foreign aid agency to better project influence abroad
2018-03-12 South Korea moves to ease Chinese jitters over US-North Korea talks
2018-03-11 US protectionism could set off a digital trade war
2018-03-09 Trump's next trade target: China's IP theft
2018-03-08 U.S. Asks China for Plan to Reduce Trade Deficit by $100 Billion
2018-03-07 The U.S. Wants to Take On China With Trade. The Rest of the World Will Be Caught in the Middle.
2018-03-06 A stronger China is giving the world ‘more and more security’, Communist Party newspaper says
2018-03-05 Chinese Premier’s Economy Speech Offers Plenty for Critics to Dislike
2018-03-04 China looks to avoid US trade war as Trump steps up rhetoric

News

Commentary

The Economist The battle for digital supremacy
The New York Times Paul Krugman Explains Trade and Tariffs
The Hill Trump team bashes China but offers no alternative in African nations
MarketWatch The 10 ways China could retaliate against U.S. import tariffs
The Economist Why China is swooping on Georgia's airline industry
Forbes China Is Developing Ships To Cover The Globe Without Captains
Forbes Bad For Business? China's Corruption Isn't Getting Any Better Despite Government Crackdowns