This article presents a critical analysis of navigating headwinds and seizing opportunities in China’s economic crossroads, based on Yaroslav Lissovolik’s blog.
China Forges Ahead Amid Challenges and Shifting Global Dynamics
Tag: electric-vehicle batteries
China vs. the US: shipbuilding, subsidies, and the Jones Act
Hypocrisy thrives where double standards prevail.
Earlier, I stupidly tweeted out an article about the Jones Act and shipbuilding and Colin Grabow, from the Cato Institute, liked it (he was quoted in the article). I looked him up and decided to listen to this video on the shipbuilding competition between China and the US, where he and a lawyer for United Steelworkers were on the panel. China is eating their lunch, and it’s the ruling elites’ own fault, yet they scapegoat China for it. The double standards over China’s “unfair economic practices” AKA the subsidizing of their shipbuilding industry irritates me (liars irritate me even more). States give subsidies, grants, and tax breaks to corporations, all the time. Fincantieri Marinette Marine is just one example, but Wisconsin had done the same for Foxconn. Foxconn received tax breaks and $3B in subsidies, which was “the largest ever subsidy provided by a state to a foreign company”, despite not living up to their promises.
Colin Grabow wants to end the Jones Act. I’ve made at least three video clips regarding the Jones Act, two with Sal Mercogliano from What’s Going On With Shipping and one from the government-funded CSIS (I’ve posted them, below). Spoiler alert: Sal says that the problem isn’t the Jones Act. Meanwhile, both CSIS and the Cato Institute (part of the Atlas Network) blame the Jones Act. Deregulation is a wet dream of big corporations (which fund both the Cato Institute and CSIS).
Read More »Philippines’ ‘assertive transparency’ strategy is causing them to miss out economically
The Philippines is going all in with the United States and bracing itself against lost Chinese largesse. President Ferdinand Marcos Jnr will fly to Washington next month to attend the US-Japan-Philippines trilateral leaders’ summit. It will be his fourth visit to the US since taking office as president less than two years ago.
South China Sea: Philippines must softly manage disputes or miss out economically
Previously:
PH: Compared To China, US Trade, Investment Offers Laughable + More
China’s Belt and Road mining investment hits record
A new report from Griffith Asia Institute, a unit of Australia’s Griffith University, shows 10 years after the launch of China’s Belt & Road Initiative (BRI) cumulative engagement tops $1 trillion with about $634 billion in construction contracts and $419 billion in non-financial investments.
China’s Belt and Road mining investment hits record
Indonesia’s feared ex-general Prabowo claims victory in presidential election + Notes
Indonesia’s feared ex-general Prabowo claims victory in presidential election
But the likely victory of Prabowo — an ex-general who was kicked out from the army and subjected to a two-decade ban from the U.S. over human rights violations — raises fears of the world’s third-largest democracy sliding backward into authoritarian rule.
Related:
3 things you should know about Indonesia’s presidential elections
Continuity and its risks
Prabowo is expected to largely continue the policies of President Widodo, or “Jokowi,” as Indonesians call him. President Widodo is not up for reelection as he’s serving his final term.Through his two five-year terms, Indonesia’s economy — Southeast Asia’s largest — has grown at about 5% a year. His infrastructure building, cash and food assistance to the poor and health and education policies have been popular.
Indonesia is the world’s largest producer of nickel, used in making electric vehicle batteries, and Jokowi has barred the export of raw nickel, to help Indonesia move up the value chain from mining to manufacturing.
…
Prabowo is Suharto’s son-in-law. He received training in the 1980s from the U.S. military at Fort Benning, Ga. (now Fort Moore) and Fort Bragg, N.C. (now Fort Liberty).
Indonesia’s presidential election emerges as key battleground in US-China rivalry
Read More »The UAW Strike Saved Their Shuttered Plant, But the Fight Is Just Beginning
The revival of the Stellantis plant is a stunning reversal of fortunes for Belvidere, Ill. But workers say they won’t rest until they see the concrete being poured.
The UAW Strike Saved Their Shuttered Plant, But the Fight Is Just Beginning
What else does Russia export, beyond oil and gas?
What else does Russia export, beyond oil and gas?
Russia is a key supplier of not just oil and gas, but also wheat, metals and fertilizers.
China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up
China is prohibiting the export of some technologies to process rare earth elements to protect its national security as the race for critical minerals supply intensifies.
China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
Related:
With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum
Stellantis commits nearly $5B to Belvidere with new UAW contract
Eight months ago, the idling of the Belvidere Assembly Plant had local United Auto Workers questioning their next steps.
Stellantis commits nearly $5B to Belvidere with new UAW contract
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