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2. The Swiss Model vs. Swedish Model in Dealing with China
- Author:
- Joseph de Weck
- Publication Date:
- 05-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Foreign Policy Research Institute
- Abstract:
- Do you want to know how Beijing would like Europe to act? Take a look at Switzerland. Switzerland and China have been close for decades. It was the first Western nation to establish diplomatic relations with the People’s Republic of China (PRC) in January 1950. Bern wanted to protect investments in the new People’s Republic from nationalization and hoped Swiss industry could lend a hand in rebuilding China’s infrastructure after the civil war. Being friendly to China paid off, but only 30 years later, once reformer Deng Xiaoping took the reins of the Chinese Communist Party (CCP). In 1980, Swiss elevator producer Schindler was the first foreign company to do a joint venture in China. Today, Switzerland is the only continental European country to have a free trade agreement (FTA) with China.
- Topic:
- International Relations, Foreign Policy, International Trade and Finance, Treaties and Agreements, and Bilateral Relations
- Political Geography:
- China, Europe, Asia, Switzerland, and Sweden
3. China’s Monopoly on Rare Earth Elements—and Why We Should Care
- Author:
- June Teufel Dreyer
- Publication Date:
- 10-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Foreign Policy Research Institute
- Abstract:
- According to geologists, rare earths are not rare, but they are precious. The answer to what appears to be a riddle lies in accessibility. Comprising 17 elements that are used extensively in both consumer electronics and national defense equipment, rare earth elements (REEs) were first discovered and put into use in the United States. However, production gradually shifted to China, where lower labor costs, less concern for environmental impacts, and generous state subsidies enabled the People’s Republic of China (PRC) to account for 97 percent of global production. In 1997, Magniquench, then-America’s leading rare earths company, was sold to an investment consortium headed by Archibald Cox, Jr., son of the same-named Watergate prosecutor, with two Chinese state-owned metals firms, San Huan New Materials and China National Nonferrous Metals Import and Export Company. The chairman of San Huan, son-in-law of paramount leader Deng Xiaoping, became chairman of the company. Magniquench was shut down in the United States, moved to China, and reopened in 2003, where it fit in well with Deng’s Super 863 Program to acquire cutting-edge technologies for military applications, including “exotic materials.” This left Molycorp as the last remaining major rare earths producer in the United States until its collapse in 2015.
- Topic:
- International Trade and Finance, Natural Resources, Exports, and Supply Chains
- Political Geography:
- China and Asia
4. Averting a Global Calamity? Trump and Xi at the G20
- Author:
- John Edwards
- Publication Date:
- 06-2019
- Content Type:
- Commentary and Analysis
- Institution:
- Lowy Institute for International Policy
- Abstract:
- The outlines of a trade deal between the United States and China are there. But without a return to the negotiating table, the dispute could rapidly escalate, magnifying the damage to world growth. With the Osaka G20 meeting looming, Chinese analysts and policymakers visited in Beijing are pessimistic about the prospects for a trade deal with the United States. If they are right, global financial markets are in for a much wilder shock than anything yet seen in this quarrel. Yet much of a deal has already been agreed, while the consequences of not reaching a deal have become increasingly dire.
- Topic:
- International Relations, International Trade and Finance, Trade Wars, and Trade
- Political Geography:
- China, Asia, North America, and United States of America
5. East Asia's Decoupling
- Author:
- Roland Rajah
- Publication Date:
- 01-2019
- Content Type:
- Commentary and Analysis
- Institution:
- Lowy Institute for International Policy
- Abstract:
- East Asia is no longer reliant on US or Western markets to fuel its growth, giving it more room to manage amid global trade tensions. Heightened global trade tensions and the US desire to ‘decouple’ from the Chinese economy for national security reasons pose significant risks to East Asia’s export-driven growth model. However, the latest data suggests East Asia is no longer so dependent on exporting to the West, with China in particular eclipsing the United States as the leading source of ‘final demand’ for the rest of the region’s exports. This gives East Asia much greater room to manoeuvre, as regional integration is now a more viable platform for growth while US decoupling efforts will likely struggle to find traction in the region.
- Topic:
- Economics, International Trade and Finance, Global Markets, and Exports
- Political Geography:
- China, East Asia, Asia, North America, and United States of America