US - China relations

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China wants to pull away from the USA and reign over Asia. I am more concerned about the Chinese getting into South America than SE Asia. The Phillippines and Vietnam already know they do not want the Chinese telling them what to do wheras Venezuela and others are welcoming them.

Enhance Naval Deterrence, Near and Far​

The Navy should adopt a concise four-campaign construct to deter conflict with China inside the first island chain while strengthening support for U.S. allies and partners on the periphery of Asia and beyond.

The U.S. Navy faces many challenges as it sails deeper into the 21st century, but perhaps none more compelling than the need to communicate to the American people what it must accomplish, how it will do so, and with what assets. In short, it needs an organizational strategy.

Official defense guidance in Washington now has coalesced around China being the “pacing threat” facing the United States and its partners, thereby clarifying the focus of the strategic challenge.1 Yet it remains up to the Navy to design and communicate a simple and persuasive rationale on which to base its operational planning, force design, budget requests, and public communications.

Perhaps the best way to meet that goal is to adopt a concise four-campaign construct centered on deterring conflict inside the first island chain—especially over Taiwan—while strengthening support for U.S. allies and partners on the periphery of Asia and beyond. Adopting such a strategy would yield four lines of effort aimed at:


It’s practically an international article of faith: Countries may not default on their sovereign debt. Yet China has done just that on $1 trillion it owes to U.S. bondholders. Is there nothing we can do about it?

Finding members of Congress willing to talk tough isn’t hard. Many resolutions and joint letters over decades have called for China to honor its debt to U.S. citizens. But too many members, their election coffers lined by Wall Street and other financial and business interests heavily exposed to China, leave it at that.

That makes the action of Sen. J.D. Vance (R-Ohio) all the more noteworthy. He recently introduced a bill to address the People’s Republic of China’s selective default on American bondholders of Chinese sovereign debt.
Some historical context is needed here. Before the People’s Republic of China was established in 1949, the Republic of China issued a large volume of long-term sovereign gold-denominated bonds, secured by Chinese tax revenues, for the construction of infrastructure and financing of governmental activities. China’s imperial government had done the same before the Republic of China was formed in 1912.

Following its defeat in the Chinese Civil War, the Republic of China’s government fled mainland China to Taiwan in 1949. The People’s Republic of China was eventually recognized internationally as its successor government. Under well-established international law, the “successor government” doctrine holds that, as the current government of China, the People’s Republic is responsible for repayment of the bonds issued by both predecessor governments, the Republic of China and previous imperial governments.

There is precedent for the PRC paying back this defaulted sovereign debt. British Prime Minister Margaret Thatcher’s tough stance led to a British settlement agreement on Chinese sovereign bonds owed to British bondholders, established in the Foreign Compensation Order of 1987.

As a result, the PRC Fund was established, and British bondholders of this debt were paid their due. Now our government should demand a settlement as well.

No other country has been permitted to continuously get away with defaulting on its sovereign debt while maintaining access to U.S. capital markets. ...

The bill is S. 3945:
To restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws relating to finance, trade, and commerce.
(b) In general.—If the Secretary of the Treasury, in consultation with the Committee on Foreign Investment in the United States, determines that the Government of the People's Republic of China is not in compliance with applicable laws relating to finance, trade, and commerce, as specified in subsection (c) and including the successor government doctrine with respect to sovereign debt, the Secretary shall prohibit any applicable United States entity, including capital markets, bond markets, and exchanges, from accepting any new investment, or effecting any transaction for others relating to a new investment, from such government or any commercial entities under the control of such government.

If this passes... :popcorn:

UPDATED: Chinese Spy Ships Stalk U.S., Philippine and French Warships in South China Sea​

This post has been updated with a statement from U.S. forces in the Philippines.

U.S., Philippine, and French amphibs and frigates drew the attention of Chinese surveillance ships and surface combatants as they sailed out of Philippine territorial waters into the disputed waters of the South China Sea over the weekend during Manila’s largest annual military exercise.

The combined force, composed of USS Harpers Ferry (LSD-49), BRP Davao del Sur (LD 602), BRP Ramon Alcaraz (PS-16) and FS Vendémiaire (F 734), departed Puerto Princesa last Thursday to kick off the multilateral maritime exercise component of Balikatan 2024 with Chinese warships nearby.

Sailing to their planned exercise areas in the South China Sea, the ships were within Philippine archipelagic waters in the Sulu Sea during an uneventful first day at sea. However, after exiting territorial waters, at least two People’s Liberation Army Navy spy ships were spotted shadowing the multinational formation on Saturday.


$170bln is a rounding error in the USA's monthly budget. I bet the US spends more on office supplies.

That being said it looks like the BRICS will corner the gold market sometime in my lifetime. It will be interesting when Russia and China control the gold and India controls the silver.

I suppose platinum will be controlled by Russia and South Africa? I hope to see hydrogen fuel cells replace most automobile and marine IC engines.

U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns​

  • Tensions between Washington and Beijing have been rising as the U.S. ramps up trade restrictions and sanctions on China, citing national security concerns.
  • Since the invasion of Ukraine, trade between the U.S. and China blocs has dropped by about 12% and foreign direct investments are down by 20% compared with those within the bloc's constituents.
  • If divisions are not bridged, the IMF estimates the economic costs to the world's GDP could be as high as 7% in the extreme scenario.
Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday.

IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War.


I'm not going to argue that the USA is handling the situation with strategic brilliance, but it's pretty apparent that China is also not a good faith actor, so I'm not sure there really is a golden path for diplomatic and economic relations until that changes.

Biden sharply hikes US tariffs on an array of Chinese imports​

WASHINGTON, May 14 (Reuters) - U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.

Biden will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, the White House said in a statement citing "unacceptable risks" to U.S. "economic security" posed by what it considers unfair Chinese practices that are flooding global markets with cheap goods.



China’s New World Order - How dependent is the West? | DW Documentary​

May 15, 2024 #documentary #dwdocumentary #China

For years, good relations with China guaranteed the German economy healthy profits and cheap goods. But over time, that relationship has become a dependency. The documentary "In the Jaws of the Dragon - How to Deal with China?” explores the nature and extent of this reliance.

At a summit meeting to discuss the "New Silk Road” infrastructure project in October 2023, China’s President Xi appeared alongside Russian President Vladimir Putin. Whether in Asia or the Middle East - China is evidently pushing for a new world order, with offensives directed against the West. Germany is already feeling the consequences.

For a long time, trade with China flourished: From 1984, Volkswagen flooded the Chinese market with cars, ultimately exporting one in every three VWs to China. But now, Chinese companies like BYD are dominating the market with e-cars. And Germany’s reliance on China for computer chips, antibiotics and solar cells can now be seen as downright reckless. This dependence is becoming more evident as China increasingly comes up trumps both politically and economically. Whether regarding the Ukraine war, in its relations with Russia or its continued saber rattling in the conflict with Taiwan: Where China would have once conducted itself with restraint, it now demands its slice of global power. In Berlin, politicians are rubbing their eyes in disbelief: what was once a healthy relationship is now a codependency. And there’s no easy way out.


Investigating China's illegal operations on foreign soil | Four Corners​

May 13, 2024 #4Corners #ABCNewsAustralia #ABCNewsIndepth

For the first time ever, a former spy for China’s notorious secret police – one of the most powerful arms of the country’s intelligence apparatus – goes public, exposing the covert and illegal operations he was ordered to carry out on foreign soil and the dissidents he was tasked with tracking, including in Australia, Canada, India, Cambodia and Thailand.

In a major investigation reported by the ABC’s Echo Hui, the spy – who goes by the name Eric – comes out of the shadows at great danger to himself, revealing his face to expose how China has used its global network over the last two decades to surveil, silence and kidnap those its government and president Xi Jinping deems enemies of the state.

The spy divulges his double life and the secrets he’s been guarding. He reveals the inner workings of the secret police, including the companies they use as cover, who his targets were, and the tactics he used to hunt them down.

It raises tough questions about China’s global reach and Australia’s national security.

Read more about this story here:

Read more about Eric's story here:

Don't know how true this is but if it is true, it's strategically insane and is on the same level as national suicide.

Don't know how true this is but if it is true, it's strategically insane and is on the same level as national suicide.
It's true, and being permitted by those in charge of our government.

Ie: our "leaders" are facilitating it and supposedly doing so in your interests. Feel better now?
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