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Pointed Paulson: Beijing's words are not enough.Justin Chin / Bloomberg
"Openness has become a trademark of China."
With that Trump-like whopper, Xi Jinping welcomed multitudes to his import fair in Shanghai this week. The Chinese ruler is in the forefront of the international market order of rising nationalism (foremost in the U.S., he left unsaid).
This is a concept commonly heard at Asian business functions, at least with commercial interests in China. For years, I have been told that there are many things to be had in the world and that they should be paid to excesses, like huge debt; that Chinese output growth would roll on the private firms compete ferociously. Only fools do not rush in, see?
China is clearly challenged in the face of a global financial crisis, when the state stepped in and out of the world with its levitation powers. Now there's a slowdown, in the future, but it's not so easy to do so, but it's more difficult for President Xi and his team to escape. No wonder the latest diplomatic twist is a Chinese offensive charm, with all the right language about trade and cooperation.
Although he has assumed extraordinary unilateral powers, he retains competent economic lieutenants. They should pay a visit to Singapore by Henry Paulson. The former U.S. Treasury Secretary and Recipient Banking of China spelled out rather exhaustively the basis of an "economic iron curtain" that looms between the globe's biggest two powers. Although he included American shares in his bill, the China brief was not the Communist Party wishes to countenance.
Yet here we are, and we have Paulson and others noted, it is not a relationship that is going to be improved because of Democrats in the United States Congress. It will be possible to improve the position of the United States in the context of business as usual in the business media (the ridiculous source of Trumpist Claims of Election "interference").
Virtually no one on the other side is listening to Beijing's words now. Rather, what's waiting for you? Action, that is. Let the upcoming G20 summit, be damned, be a starting point.
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Pointed Paulson: Beijing's words are not enough.Justin Chin / Bloomberg
"Openness has become a trademark of China."
With that Trump-like whopper, Xi Jinping welcomed multitudes to his import fair in Shanghai this week. The Chinese ruler is in the forefront of the international market order of rising nationalism (foremost in the U.S., he left unsaid).
This is a concept commonly heard at Asian business functions, at least with commercial interests in China. For years, I have been told that there are many things to be had in the world and that they should be paid to excesses, like huge debt; that Chinese output growth would roll on the private firms compete ferociously. Only fools do not rush in, see?
China is clearly challenged in the face of a global financial crisis, when the state stepped in and out of the world with its levitation powers. Now there's a slowdown, in the future, but it's not so easy to do so, but it's more difficult for President Xi and his team to escape. No wonder the latest diplomatic twist is a Chinese offensive charm, with all the right language about trade and cooperation.
Although he has assumed extraordinary unilateral powers, he retains competent economic lieutenants. They should pay a visit to Singapore by Henry Paulson. The former U.S. Treasury Secretary and Recipient Banking of China spelled out rather exhaustively the basis of an "economic iron curtain" that looms between the globe's biggest two powers. Although he included American shares in his bill, the China brief was not the Communist Party wishes to countenance.
Yet here we are, and we have Paulson and others noted, it is not a relationship that is going to be improved because of Democrats in the United States Congress. It will be possible to improve the position of the United States in the context of business as usual in the business media (the ridiculous source of Trumpist Claims of Election "interference").
Virtually no one on the other side is listening to Beijing's words now. Rather, what's waiting for you? Action, that is. Let the upcoming G20 summit, be damned, be a starting point.
