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  • Need To Get A Grip On Tires

    There is one, and only one, notable development in the Chinese tires case. The rest is old news, non-news, or nonsense. Why does anyone care about this case? It’s certainly not because of the amount of trade affected. Replacement tires constitute a drop in the bucket of US-China trade. It’s … More

    Free Tread

    President Obama has decided to apply heavy tariffs to passenger car and light truck replacement tires made in China. This is the latest and worst episode in an ill-advised assault on free trade with the PRC. Taking WTO-compliant steps to counter Chinese subsidies or other mercantilist behavior is entirely reasonable. … More

    Solar Swindle

    The New York Times has a front-page story today on China outrunning the U.S. in producing solar panels. The high profile is due to the Obama Administration trying to spin what is nothing more than a race to see which country will waste more money. Solar power is a wonderful … More

    More Hollow Rhetoric on China

    Secretary of State Clinton and Secretary of Treasury Geithner co-authored a Wall Street Journal op-ed today on the Strategic and Economic Dialogue (S&ED) with China. The op-ed suits the Dialogue perfectly: it seems to be an important piece of work but there’s actually little to it. The two Secretaries tell … More

    China Loves The Dollar

    Remember when China was going to stop buying American bonds and the world was going to end? This hand-wringing was always wrong-headed; perhaps now it will finally cease. In May, net official Chinese holdings of U.S. Treasuries jumped $38 billion. This is the flip side of the return of large-scale capital … More

    No New Trade Battle, Just Old Ones

    The front page of the business section of the New York Times today notes recent Chinese state intervention in trade.  The Times is right to make this observation, if six… or eight… months late. But recent Chinese moves are neither new nor particularly important. The intervention in trade is long-standing; recent … More

    What About June 5th?

    On the 20th anniversary of the Tiananmen Square crackdown, everyone is talking about human rights in China. The question is, why isn’t there more talk at other times? The answer is the same for human rights as it is for many other issues involving China: because we overemphasize economic matters … More

    China Humming A Sweet Tune

    As rumored for several weeks, a Chinese company is buying at least one piece of General Motors. GM will sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery for an as yet undisclosed sum, probably $200–$300 million. There are multiple dimensions to the proposed acquisition, covering both commerce and … More

    Who China is Rooting for in Tonight's Cavs - Magic Game

    A group of individual investors with strong ties to Chinese companies wants to buy into the Cleveland Cavaliers. This isn’t the first or the largest Chinese investment in the U.S. but it could be an important signal. Up till now, Chinese investment here has been dominated by large state-owned companies … More

    Dollar’s Fate in Our Hands, Not China’s

    Today’s New York Times op-ed page features two columns on the dollar and the Chinese currency, the RMB. Nouriel Roubini concentrates on American policy. Victor Gao gives a somewhat depressing lesson in personal Chinese economic history. It’s a better discussion than standard claims the PRC is trying to ruin the … More