China entry into the World Trade Organization (WTO) was twenty years ago seen as a success for the global trade, but then the WTO was unable to enforce its rules onto its new member, says Harry Broadman, chief of staff of the US President’s council of economic advisers (1990-1991) and US assistant trade representative (1991-1993) in an interview with Politico. What are the options to deal with China in international trade?
US scholar and former foreign correspondent Howard French dives into the US debate on whether sanctioning and divesting from China are helpful. French does not think so and compares the position of China with North Korea – where sanctions did not work – and South Africa, where they did, at a debate at Intercollegiate Studies Institute.
China watcher and CFR-scholar Ian Johnson opens a roundtable conference at the National University of Singapore on the question whether the world is heading for a new cold war, now the tensions between China and the USA have not diminished after the US president Joe Biden took over from Donald Trump.
China did not comply with the conditions it signed up for when it entered the World Trade Organization (WTO), says former White House advisor Harry Broadman at the NACD Northern California Chapter in a discussion about American business in China. And while US president Joe Biden has taken on China bilaterally, it needs collective action to change the country’s attitude to trade, he adds.
The new US president Biden is following closely his predecessor’s approach on China. Wrongly, says long-term China correspondent Ian Johnson in an opinion piece at the New York Times. “Washington’s plan appears to be to wait for the results of the comprehensive review of America’s national security policy toward China that Mr. Biden announced in February. This caution is a mistake,” says Johnson.
The finalization of the China-EU investment agreement – after seven years of negotiations – on December 30, 2020, is a big deal, says London-based China lawyer Mark Schaub in an overview of the fallout of the deal for the China Law Insight. “Is it a Big Deal? – Yes. China is the EU’s second-largest trading partner and the EU is China’s largest trading partner. Over Euro1 billion per day of trade flows between these two giants.”