News from World

tag: decoupling

22 March 2023

Taiwan’s Economy Is Breaking Away From China’s

According to Taiwan’s Investment Commission, Taiwanese realized investment in China has plummeted, from U.S. $9 billion in 2017 to just U.S. $1.7 billion in 2022. As a consequence, China’s importance in Taiwan’s total outward foreign direct investment has diminished whereas other countries’ weight has increased.

02 March 2023

“I want to be clear that even as we pursue actions that…, the U.S. are not interested in decoupling our economy from the PRC”

The U.S. government has approved about 69.9% of some 40,000 export license applications involving China in the 2022 fiscal year, according to written testimony ahead of a hearing before the U.S. House Foreign Affairs Committee Tuesday. “I want to be clear that even as we pursue actions that protect U.S. national security and foreign policy interests, we are not interested in decoupling our economy from the PRC,”

10 February 2023

US-China relations spiral over balloon: US-China trade grows amid unease

The fallout from the U.S.-China balloon dispute is driving worsening ties between the two countries [China Sends Spy Balloons Over Military Sites Worldwide, U.S. ...- nytimes.com]. However, new figures show that bilateral trade hit a record high in 2022, overcoming restrictions imposed during both the Trump and Biden administrations. [US-China trade hits record high despite rising tensions - BBC]

23 June 2022

International trade will shrink in the transition from globalization to Friend (and Allied)-shoring

U.S. Treasury Secretary Janet Yellen has proposed friend-shoring as a means of isolating global supply chains from external disruptions or economic coercion. It is the decoupling that is likely to lead to short-term supply shocks and higher prices, developments not unlike those produced by the turbulence of recent years. In the long run, the outcome is likely to be lower economic growth due to loss of efficiency, higher costs and supply bottlenecks. [What 'Friend-Shoring' Means for Trade in a Less ... - The Washington Post]

13 June 2022

"Decoupling" supply chains could lead to a 5% decrease in global GDP, according to the WTO

The WTO chief warns against the economic cold war: Ngozi Okonjo-Iweala tells POLITICO that now is not the time to withdraw from global trade and warns that the division of supply chains for political reasons would be detrimental to the world economy. A recent study shows that dividing the world into two separate economic blocs could "lead to a 5% decrease in global real GDP in the long term," she said. "This is a really staggering number."

11 April 2022

Shanghai Lockdown Tests China's Zero Covid Policy

Aspen Security Forum Executive Director Anja Manuel joins Emily Chang to discuss the impact of China's lockdowns on its population, its economy, and its tech competitiveness, and how U.S./China relations will evolve as the war in Ukraine rages on. [Shanghai Lockdown Tests China's Zero Covid Policy -Bloomberg]

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