Gary Ling, Digital Producer, Data Monetiser, Political Savant, Information Economist, Solution Seller, Business Strategist.
"Life, is a Virtual State of Mind" - Gary Ling
  • Garys Balls
    • Ballsy Start
    • Marketing
    • Economics
    • Project Management
    • Business Strategy
    • eCommerce
    • Business Intelligence
  • Theory of Balls
    • Ling's Theory of Balls Rule 1: "Play Ball"
    • Rule 2: "Have Balls"
    • Rule 3: "Crystal Ball"
    • Rule 4: "Play The Ball"
    • Rule 5: "Talk Balls"
    • Rule 6: "Listen For Balls"
    • Rule 7: "Juggle Balls"
    • Rule 8: "Eye On The Ball"
    • Rule 9: "Score With The Ball"
    • Rule 10: "Have A Ball!"
  • Digital Thinking
    • ...Hi-Tech Cities
    • ...eCommerce
    • ...Bloomberg Reuters
    • ...User Behaviour
    • ...LoveIn My Blacky
    • ...GDS Digital By Default
    • ...InfoWorker BullsEye
    • ...The Cloud
  • DigiShorts
  • Ballsy Thinking
    • ...WikiLeaks
    • ...Stop Iranian Nukes
    • ... on UK Economy
    • ...on the EuroZone
    • ....on Terrorism
    • ...UK Independence Party
    • ...on Crime
    • ...on Social issues
    • ...on China
    • ... on Soviet Union
    • ... on Companies House
    • ... on Drones
  • Ballsy Shorts
  • Chicken Balls
  • Pit Balls
  • Maggie Balls
  • Military Balls
    • British Balls
  • Greenwich Balls
  • China Balls
  • Soviet Balls
  • Scotland Balls
  • Watford Balls
  • Adult Balls
  • Twitter Balls
  • Marketing
  • HOME Tiled

China-US Relations - It's All Business

26/10/2012

0 Comments

 
Picture
Two important events to watch in November as they will impact all our lives: The US Elections and the Chinese Communist Party Congress.

With just days to go to the US Elections on November 6th one of the most interesting outcomes to watch is the reaction of China to the results. Whilst it's understandable that everyone's focus is on the Presidential election, the Senate and House votes matter as they have a major impact on Sino-US relations too.

At various times over the past few years odd Congressional players have been urging successive administrations to label the Chinese 'currency manipulators' .  On my trip to China I noted evidence of this at a micro level (see here). Since the President oversees the Executive branch of the US government, the US Treasury has avoided assigning this label to the Chinese for foreign policy reasons.  Will the election of Mitt Romney change this? 

During the both the primary and general election campaigns Romney has taken a 'hardline stance' on China. During the primaries he said that "China was stealing intellectual property rights from the US and other nations and responsible for a large number of cyber attacks on US facilities and bases". More recently he has accused China of manipulating its currency.  Perhaps if the Republicans win back control of the House of Representatives, the Treasury may be urged to change its stance after all. A move Obama's campaign have said would be "highly disruptive" to the bi-lateral relationship given the sanctions the US would levy against China as a result.

Yet on recent foreign policy 'problems' the Chinese have hardly been supportive of the more 'liberal' approach that the US and Europe thinks is likely to improve levels of international trade. Chinese support for Syria's President Assad at the UN is a case in point and demonstrates that China is not ready to step up to its broader responsibilities as a global Leader/Player. 

Interestingly, it seems likely that the Big US business supporters of Romney may lobby against him taking too tougher a stance against China.  The Washington Post recently reported that General Motors sells more cars in China than in any other country. Three years ago, Apple counted on China for just 2 percent of its revenue; in the most recent quarter, it was 16 percent. Starbucks thinks that China will be its second-biggest market by 2014. In short this constituency is looking for a slowing China economy to take up the slack from the brow beaten US consumer.

In the end, all these economic issues may play second fiddle to plain old political ones.  It is arguable that the US Elections are not the most important 'elections' anyway this year.  Two days after they are held China hosts its Communist Party Congress which will see more than 2,000 delegates gather in Beijing to formally anoint the country’s next generation of leaders.  At least if Romney is elected he will have already made his pile of cash in the private sector. Yesterday's extraordinary New York Times story on how Chinese Premier We Jiabao's family has made billions since he has been in power highlights some key differences between the two political systems.

Then again, it also illustrates some similarities. Things are never allowed to get in the way of profit making business. As usual, Money makes the world go round...

0 Comments
    Check the 'Categories List' below to select by topic.
    Follow this Blog to discover how the
    ebbs and flows of markets, politics, conflicts, countries, people and money
    make the world go round.
     For comment on eCommerce, technologies, IT, Big Data and more see
    'Digital Thinking'.

    Picture

    (Pron. "bawl-zee thing-king")

    defined:
    adj: 1. Slang courageous and spirited reasoning; judgement  2. Characterized by clear, straightforward thought or thoughtfulness; rational: “That’s the sort of Ballsy Thinking to move us towards our objective”.

    n.  1. The act or practice of one that thinks differently, innovatively; new thought.  2. Leading by way of reasoning; judgment: “This is not ballsy thinking, it is too timid an idea.”


    Picture

    Archives

    November 2018
    August 2017
    June 2017
    August 2016
    July 2016
    June 2016
    April 2016
    November 2014
    July 2014
    March 2014
    September 2013
    May 2013
    February 2013
    January 2013
    December 2012
    October 2012
    September 2012

    Categories

    All
    Brexit
    China
    Companies House
    Conflict
    Crime
    Drones
    Eurozone
    Get Connected
    Global Finance
    Global Sport
    Iran Nukes
    Millennials
    Social Issues
    Terrorism
    The Meaning Of Life
    Uk Economy
    Ukip
    Uk Politics

    RSS Feed

Picture
Current Status: 
Gary welcomes the opportunity to discuss projects that he might be able to work on with you.  
Tel: +44 7508 157 892 Email: ideas@garyling.com

Picture
Photos used under Creative Commons from jdn, Editor B, WDanRoberts, Mike Licht, NotionsCapital.com