Clyde Prestowitz
@clydeprestowitzLeading author, analyst and commentator. I write about #foreignaffairs, #trade, #china, #economics and #globalization.
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Talk about chutzpah. Not yet even an applicant for CPTPP membership, Beijing says it will reject Taiwan’s application.
A lot of talk recently about Europe “weaning itself off US defense.” Believe it when you start reading about a new EU defense budget.
The @FinancialTimes says Goldman’s steady advance in #China hits “snags.” How about reality. Hank Paulson and his heirs fooled themselves for a long and for them personally profitable time. Now it’s time to pay the Piper.
One hears much about countries and corporations not wanting to be #forcedToChoose between #China and the #US. Former #HongKong leaders #DennisKwok and #JohnnyPaterson are so right to explain that “one can operate either within China’s orbit or outside it.” Straddling not possible
Many say #Beijing and #Washington must fight climate change together. #WillNotHappen. #US must do its utmost and hope #China does the same.
Beijing's #wolfWarriors are now reaping what they sowed in #Australia. By cutting their Aussie imports they they thought #Canberra would come to heel. Bad bet. Now Aussie #nuclearSubs will be patrolling the South China Sea.
The #USChinaBusinessCouncil should be compelled to register as a #foreign lobbyist. It has no influence in #Beijing and exists solely to lobby the U.S. government to make life easy for the #CCP.
The future of American power – Paul Kennedy on whether China’s rise means America’s fall economist.com/by-invitation/… Kennedy fails to note that China's population will halve and age dramatically while America's will grow. China's water will run dry. Coastal cities under water.
Why does the #FinancialTimes, a champion of #freespeech, carry inserts of the #ChinaDaily, a champion of tyranny, folded into its pages? It never carried #Pravda or Hitler's #DerSturmer, why #ChineseCommunistParty propaganda?
Joe Sternberg has aptly coined a new phrase regarding #XiJinping. He wants #capital but not #capitalism says Joe. The big question is whether capitalists like #LarryFink want to keep donating the capital of their clients.
American friends: please get vaccinated, and help others get vaccinated too.
In the 1930s, the #GermanEconomy outperformed most others. Would Jewish #LarryFink have invested in #Hitler's economy? Sure, #Jews were being robbed and killed as #Uyghurs in China are today, but hey, the returns were great. Too bad #Fink isn't a #Uyghur.
You have to love #GeorgeSoros calling out #LarryFink and the whole #WallStreetGang on getting #China wrong. Investing in China now is not only going to lose the money of Fink's clients, but it undermines #US national interests. So there is at least one #honest guy on Wall Street.
#USChinaBusinessCounci, #BusinessRoundtable, #USChamberOfCommerce are asking Biden to remove tariffs on imports from #China claiming tariffs make imports too expensive. #SoDishonest. #China devalued its #RMB after the tariffs were imposed. #RealCost of imports is #not high.
Disgusting. US Chamber and U.S.-China Business Council are immoral and oblivious to national security. nytimes.com/2021/09/01/bus…
#Beijing is telling #JohnKerry that #America needs to speak more gently to #China if it wants cooperation on #globalWarming. Never mind that the #USEmbassy air quality meter in Beijing shows China's air to be worse than America's. The #CCP boys would rather choke than talk nice.
Interesting that in response to nasty glances from Uncle #XiJinping, #JackMa just handed out about $15 billion to the #peopleofChina. By Contrast, Apple CEO #TimCook just cashed in about $1billion of his options. Maybe #Biden needs to talk more like #Xi.
I am actually beginning to like this guy #Xi. I mean having him talk to #LarryFink, #RayDalio, et al as he has recently been speaking to #JackMa might not be a bad idea. #Biden should give #Xi a call and maybe get his training video.
Let's be honest. We may have some problems with #XiJinping, but he can't be all bad. I mean, cutting kids down to no more than 3 #hours on social media is a master stroke. If he can do it, he will be a true global #hero.
To understand my thinking on the #USandChina, please watch: youtu.be/SqiCpbDigss
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