The major economies in the G-7 need more investments in R&D and collaboration in science and technology to compete with China, says former US assistant trade representative Harry Broadman at CNBC. “We’ve done really well among democratic countries collaborating on investment and trade, but we’ve done an extraordinarily poor job in R&D,” he said.
Former US President Donald Trump tried to derail relations with China by banning stocks from Chinese companies at US stock markets. Now, under President Joe Biden, certainty for stock markets including the Chinese shares is key, says former White House advisor Harry Broadman at US News. Although there might be some other dangers.
Former White House official Harry Broadman discusses the future of relations between China and its trade partners. He hopes and expects that after Joe Biden takes over from current US President Donald Trump collective action between trade partners will be higher on the agenda, he tells Bloomberg. With a strong focus on Canada.
The new US president Biden will be treating China in a multi-lateral fashion, not bilateral, like Donald Trump who saw trade basically as a real-estate transaction, says former White House trade negotiator Harry Broadman to BNN Bloomberg. China has ignored its trade obligations since admission into the World Trade Organization in 2001, he says, and Broadman does not expect another line now Trump has shaken that international boat.
The US failed to stamp out the coronavirus, unlike China, says Harry Broadman, a former senior US trade official to the Sydney Morning Herald. And since South Korea and New Zealand also dealt with COVID-19 efficiency, it is not China’s authoritarian regime that made the difference, he adds.
China got itself into trouble a few times when lenders who got into problems paying back debts. When China offers the same loans commercial banks can offer but without political ties, China has not so much extra to give, says strategic analyst Harry Broadman about the country’s’ international debt policies in the Africa Report, taking Zambia as an example.