China’s ‘Common Destiny’ Vs. ‘America First’

According to Immanuel Wallerstein’s world systems approach, the world is a social system. This social system is made up of conflicting forces, which both hold it together through “tension” and tear it apart as each group seeks eternally to remold the system to its advantage. This is how world politics has evolved throughout modern and … More China’s ‘Common Destiny’ Vs. ‘America First’

Alipay trials digital replacement of China’s ubiquitous ID cards

A new system of official digital ID has been integrated with Alipay for making ID-validated purchases such as train tickets and for checking into hotels in test areas in eastern China. The “Resident ID Online Verification Certificate” (our translation: “居民身份证网上功能凭证”) uses the “Internet+ Trusted Identity Authentication Platform”, also known as CTID, (our translation: “互联网+可信身份认证平台”), according … More Alipay trials digital replacement of China’s ubiquitous ID cards

Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

Global carmakers received a double dose of good news from China’s President Xi Jinping on Tuesday: a reduction in import tariffs and a raised investment cap with regards to mainland-based factories. New energy carmakers such as Tesla are set to become the top beneficiaries of a relaxation by Beijing on foreign ownership in the automobiles … More Xi Jinping puts China’s car industry in top gear with plans to raise foreign investment cap, lower import tariffs

China Is Studying Yuan Devaluation as a Tool in Trade Spat

China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. President Donald Trump that has roiled financial markets worldwide. Senior Chinese officials are studying a two-pronged analysis of the yuan that was prepared by the … More China Is Studying Yuan Devaluation as a Tool in Trade Spat

American tech sector frets as US-China trade tensions simmer

As US-China trade tensions ratchet up, the technology sector is fretting over the potential for collateral damage to one of America’s most important export industries. The tech industry is not directly affected by the new tariffs unveiled by the Trump administration which aim to target Beijing for unfair trade practices failure to protect intellectual property. … More American tech sector frets as US-China trade tensions simmer

American Retail Industry Fearful As Trade War Escalates

The trade war initiated by the Trump Administration escalated Wednesday April 4 with China adding tariffs on an additional 106 products worth up to $50 billion annually. The new tariffs mostly target basic agricultural products, including pork, soybeans, cotton, and wheat, but also include plastics, whiskey, tobacco, and vehicles. These new tariffs build on an … More American Retail Industry Fearful As Trade War Escalates

Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals

In China’s quest for global influence, the Middle East has increasingly taken on increased importance. This is in part an effort to acquire strategically important natural resources, namely fossil fuels. However, fundamentally this new Middle East focus is also an effort to facilitate the consolidation of Chinese economic and political influence globally, China’s Belt & … More Tourism Features Prominently in Beijing’s Strategic Long-term Middle East Goals

Why China and the US are fighting over 5G

5G has been making headlines recently. It came up in a White House memo leaked in January that argued creating a nationalized 5G network was the only way for the US to protect itself from Chinese security threats. Though lawmakers quickly dismissed the idea as an infringement on the private sector—”We’re not Venezuela,” said one … More Why China and the US are fighting over 5G

Europe Takes a Beating in Lunar New Year Travel and Shopping

Lunar New Year travel to Europe made a 180-degree turn from last year, with travel spending and visits down in key Chinese tourist destinations. This according to Global Blue, perhaps the biggest player in European tax refund, which has monitored Lunar New Year spending in Europe in recent years. In 2017, Global Blue recorded a … More Europe Takes a Beating in Lunar New Year Travel and Shopping