Global Scans · China · Weekly Summary

WHAT'S NEXT?: Any disruption in economic activity between China and the United States will necessarily affect other Asian and world economies. How China handles Donald Trump's administration, its relationship with Russia and develops its leadership ambitions will be key areas to watch intently in the coming years.

• [New] The whole world is looking forward to China's innovation and expecting China to reduce battery and technology costs. Morningstar, Inc.
• [New] Trump's administration is expected to impose tariffs on Chinese goods and restrict exports of crucial technologies like AI, chips and quantum computing. Passle
• [New] President-elect Donald Trump's apparent plans to significantly increase all US import tariffs, and tariffs on Chinese imports even more, could have a negative impact on growth in the US and the world. Bimco
• [New] If the US and China go to war, the global economy will no longer function the way it does, with profound implications for whole cities and industries. Top1000Funds.com
• [New] Relations with China will be particularly challenging as it combines security and economic interests, while some developing countries value the investment they get from cooperation with China. Resources for the Future
• [New] China has been sharing the opportunities of modernization with countries around the world and injecting strong impetus into global modernization. office-china
• [New] Amid chaos, there is an opportunity for Cambodia to present itself as an alternative for both US and Chinese companies to set up their new production lines. cambodianess.com
• [New] Mexican Economy Minister Marcelo Ebrard rejected the characterization of Mexico as a back door for Chinese goods and stated that Mexico will be essential as the United States seeks to decouple from China. Council on Foreign Relations
• [New] The potential for China to use balloons for spying became a global issue last year when the United States shot down what it said was a Chinese surveillance balloon. ThePrint
• [New] Potential Threat to China: Currently active in the Western Pacific, Typhoon Usagi poses a potential threat to southern China, including key ports such as Shenzhen and Xiamen. TRADLINX Blogs
• [New] Control over Taiwan would enhance China's ability to project power into the western Pacific and potentially threaten key US allies such as Japan and South Korea. Drishti IAS
• [New] Trump has threatened today to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office, imposing a 25% tax on products from Canada and Mexico, and an additional 10% tariff on goods from China. SBS News
• [New] By the end of 2024, there will be an estimated 1.2 billion 5G SA mobile subscriptions worldwide, with the majority - around 1.1 billion - in China and India, the report estimates, adding that by 2030, the global number of 5G SA subscriptions is projected to reach around 3.6 billion. Fortune India
• [New] Africa, with 20% of the earth's landmass - in which China, India, U.S. and Europe could easily fit - and 30% of the globe's natural resources (including critical minerals such as lithium), not to mention 17% of the world's population (1.3 billion people), accounts for only 2.8% of the world's GDP. Strategic Culture Foundation
• [New] The concentration of rare earth production in China poses a potential risk to national security, as it creates a vulnerability to supply chain disruptions or geopolitical tensions. oilprice.com
• [New] The gathering clouds of protectionism could have a silver lining, leading to investment opportunities in Southeast Asia as China likely will look to relocate manufacturing to evade higher tariffs. Forbes
• [New] There are increasing concerns about Beijing's aggressiveness toward Taiwan and in the South China Sea, as well as trade disputes that Trump has threatened to address by imposing massive tariffs on Chinese products. The Washington Times
• [New] China does not want a nuclear Iran either, and it could also be an opportunity for a US-China relationship, particularly over Taiwan, the major manufacturer of chips in the world. Middle East Monitor
• [New] The incoming Trump administration is expected to be more hawkish towards China than Trump 1.0, shifting from Biden's approach of managed competition to more open confrontation. Eurasia Review
• [New] China is thought to share concerns that technology transfers to North Korea could fuel regional proliferation, including nuclear weapons, and deepen geopolitical tensions with US allies on its doorstep, particularly Japan and South Korea. The Guardian
• [New] S&P Global Commodity Insights expects PE firms to further boost their investments in renewable energy, with a yearly investment forecast of USD700bn through 2050; investments are expected to be particularly strong in the US, China and the EU. Acuity Knowledge Partners
• As the Australian analysis suggests, most governments that pursue sovereign AI will not have full control of the technology (for context, neither do the United States and China - the world's AI leaders - though both are much closer to full control than almost any other nation). Default

Last updated: 29 November 2024