Upcoming Seminars and Events
Tuesday, 11 December 2018
In the EAI weekly discussion, EAI scholars noted that there was no mention of Donald Trump’s promise to halt the imposition of tariffs for 90 days in Chinese media. Only US media outlets made the report.
In this round of the trade war, the United States seems to be on the losing end and China on the winning side as the trade deficit of the United States has gone up, and there was also no return of investments back to the United States which was the original intention of the tariffs. Multinational corporations are still operating in China.
How Beijing Manages Its Relationship With Pakistan
11 January 2019
Professor Yuan Jingdong of the University of Sydney began his presentation with the argument that Pakistan has an important place in Chinese foreign policy. There is a geostrategic aspect to Beijing’s relationship with Pakistan. It also has an impact on China’s domestic issues, particularly that in Xinjiang, as well as on China’s energy security and China’s Belt and Road Initiative (BRI). The Pakistan-China relationship has been coined by many as an all-weather strategic cooperative partnership, with leaders on both sides acknowledging that the relationship is “higher than the mountain, deeper than the ocean, sweeter than honey, and stronger than steel”. The Sino-Pakistan relationship is thus unique, defined by strong mutual trust and close defence ties.
Has the Eurasian landmass still a future?
14 December 2018
At the EAI weekly seminar organised by the East Asian Institute (National University of Singapore), Professor Wang Gungwu, University Professor at the National University of Singapore and Emeritus Professor at the Australian National University, gave a presentation on the importance of Eurasia in Chinese history and possible renewed importance in future.
INSTITUTIONAL RESTRUCTURING OF CHINA’S ENVIRONMENTAL AND ECOLOGICAL PROTECTION EFFORTS IN 2018
LI Yao, 5 October 2018
As an important part of China’s institutional reform initiated in 2018, the formation of the Ministry of Natural Resources (MNR) and the Ministry of Ecology and Environment (MEE) is to integrate China’s decentralised ecological environmental protection responsibilities, unify the related supervision and administrative enforcement duties, as well as strengthen environmental pollution control and safeguard national ecological security. The two new departments also distinguish between owner-related and supervisory functions better. The MNR functions as a natural resources asset management agency while the MEE is a natural ecology regulatory agency. However, the ownership and management duties of resources of central and local governments still do not match. MEE and MNR still need inter-ministerial coordination for natural resource protection and pollution prevention.
CHINA-US TRADE WAR: A MODERN VERSION OF THE THUCYDIDES TRAP
XING Yuqing, 5 October 2018
The ongoing China-US trade war is similar to the “Thucydides Trap” concept in terms of the competition for dominance of the global economy. The trade war has entered a tit-for-tat mode. On 3 April 2018, the Office of the US Trade Representative (USTR) listed $50 billion Chinese goods for 25% tariff; on 17 September, a 10% tariff on an additional $200 billion Chinese goods was imposed. The Chinese government vowed to slap $110 billion of American goods with the same levy. The two countries are unlikely to settle the disputes with a compromised agreement anytime soon. The Trump administration claimed that the trade with China is unfair and there is no reciprocity. It accused China of forcing American companies to transfer technology to Chinese firms and distorting market competition with industry policy and massive subsidies. The 301 investigation report on China cited cases supports the claims. The Chinese government refuted all the allegations. The China-US trade war is asymmetric and China will certainly be the bigger loser. The trade war has shaken the confidence of Chinese investors. The index of Shanghai stock exchange broke the resilience of 3,000, down more than 20% since the peak in late January of 2018. Chinese yuan also suffered. Foreign investors may be forced to leave China in order to avoid the 25% tariff. It is in the best interest of China to end the trade war soon. Negotiation not retaliation is the solution of the trade war.
East Asian Policy
Volume 10, No 3, Jul/Sep 2018
China: An International Journal
Volume 16, No 3, August 2018
China’s Development: Social Investment and Challenges
by ZHAO Litao