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Topic

US-China decouplingi

Talk of economic decoupling between China and the United States, the world's two largest economies, surfaced amid their prolonged trade war, rising tech rivalry and general geopolitical tensions which have edged up in recent years. Decoupling transcends trade and investment and it could mean a peeling back of goods and services trade, divestment from China and the relocation of the American manufacturing presence out of China, but also a fragmentation of the global supply chain. It is believed a major decoupling move would mark the end of a long period of globalisation.

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  • The Federal Communications Commission will vote on a plan to permanently prohibit Huawei and others from certifying wireless devices
  • Huawei’s recognition as an accredited lab expired on Tuesday and its request for an extension of its recognition was denied by the FCC

Antony Blinken is the latest senior US official to visit China, but some analysts believe Washington needs to set out a clear vision for future relations.

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Struggling US-China ties, a human rights shock and a student in big trouble: these are the highlights from the SCMP’s overseas correspondents from April 2024.

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A highly placed scholar is encouraging China to offload more of its holdings in Treasuries as overseas assets become a riskier proposition thanks to erratic geopolitical shifts.

Secretary of State raised concerns in meeting with Shanghai party chief Chen Jining, but also said direct engagement between the two sides is a ‘necessity’.

Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.

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Trade, Ukraine among topics on the agenda, with Blinken expected to pressure China to urge its firms to stop supplying dual-use goods to Russia or face more punitive measures.

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A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.

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The US-based general counsel for TikTok and ByteDance has led years-long talks with the American government meant to stave off national security concerns about the app’s connections to China.

The initiative, launched under then-president Donald Trump, was intended to fight espionage by Beijing, but was slammed as racist and trigger-happy.

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China has revealed hefty penalties on imports from the US of an acid used as a preservative as trade relations between the two countries appear likely to return to an outwardly acrimonious track.

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The US’ proposed tripling of tariffs on Chinese steel imports would be the first move in a tit-for-tat struggle that would expand the bilateral trade war, analysts said – and fuel grumblings over industrial overcapacity.

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Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.

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