[Abstract] In its June-August issue, Foreign Affairs released the latest finding after surveying 57 energy experts such as Daniel Yergin, of their opinions on energy use in the US. It shed a light on US energy independence, relevant energy policies and how the shale gas revolution in the US will rewrite the world’s energy pattern.
[Abstract] Many Americans are skeptical about the sharp increase of China’s investment to the US as they argue that it did not bring large number of job opportunities. However, contrary to public speculation, the Rhode Group estimates that investment from China has brought at least 27,000 people to work. By 2020, China’s investment to the US is expected to reach USD100-200 billion, which will create 200,000-400,000 jobs for American people.
[Abstract] The Japanese think tank Tokyo Foundation released the report Japan’s Security Strategy on China last October. The report claims that a rising China is reshaping the pattern of Asia Pacific region. Japan should be aware of such trend and actively adjust its security strategy towards China, as well as deal with China through three strategies, namely, assimilation, restraint and threat.
[Abstract] The official launch of the European Stability Mechanism (ESM) is a milestone in establishing the rescue mechanism to deal with the crisis in Euro zone. The fund of the ESM comes from capital injection by member states, bond financing and other financing channels. The asset cap of the ESM is 700 billion euro and it can lend up to 500 billion euro. Although the member states disagree widely on the ESM leveraging plan, all of them agree to establish a CIF (Co-Investment Fund) and issue a partial protection certificate in combination with member state bond to realize corresponding goals.
[Abstract] In his article published in the US magazine Foreign Affairs (Sept.-Oct. Issue), Mr. Adam Tooze, director of the Center for International Security at Yale university, explained why Germany’s economic growth is unsustainable. Firstly, the impact of the sovereign debt crisis will make it hard for Germany to maintain the current trade surplus. Secondly, the capital outflow will drain domestic investment and lastly, the austerity measures will curb investment and export. Mr. Tooze recommended that Germany should change the austerity strategy and increase domestic investment so as to ensure stable economic growth.
[Abstract] In his article of The Trans-Pacific Partnership Agreement (TPP) and the Rise of China, published on Foreign Affairs, Bernard Gordon, Professor Emeritus of Political Science at the University of New Hampshire, pointed out that the TPP can easily gain broad support in the US. Moreover, Japan’s entry implies the establishment of free trade cooperation between Washington and Tokyo. Not only will it initiate the third wave of opening-up that Japan has longed for, it will also strengthen America’s influences in the Asia pacific region. Nonetheless, if the Obama administration fails to make compromise on issues such as intellectual-property and make the negotiation more transparent, it is highly likely that the TPP could hit a wall.
[Abstract] The purposes of the newly established Interagency Trade Enforcement Center (ITEC) are coordinating multilateral or bilateral trade agreements, enforcing domestic trade laws and regulations, expanding America’s exports and creating a fair competition environment for American companies. The new enforcement program of the ITEC falls into three phrases. Meanwhile, there are three new trends on its trade policies towards China.
[Abstract] In a recent article published by Foreign Affairs, Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, gave an in-depth analysis on Europe’s sovereign debt crisis. He pointed out that if Germany agrees with European Central Bank’s policy of large-scale currency release, it will probably incur an inflation rate of 3%-4% and will be able to prevent the Euro zone from collapse.
[Abstract] Currently, the U.S. is facing the most severe drought of more than half a century. It will make great impact on its capacity of agricultural products. Corn production has been affected most seriously, followed by soybean and other crops. As one of the major global agricultural producer, the US plays a significant role in the world’s food market. The reduction of food supplies in the U.S. is bound to push up the prices of international agricultural products. Although China produces most of its agricultural products itself, 83% of its soybean relies on import. The US is the biggest global exporter of soybean. The reduction of soybean production in the US will directly push up the price of soybean and oil-fat products in China. Moreover, the indirect impact from the price increase of other agricultural products in China should not be neglected neither.
[Abstract] In the report of Who Won the New Energy Competition, released by Pew Research Center, a US think tank, it is stated that the US reclaimed its position worldwide in terms of total investment in new energy. Nonetheless, the report also suggested that it does not mean that the US will continue to be the winner in the long run. China’s firm stance on implementing green energy policies will boost investors’ confidence. The ultimate goal of new energy competition is to transform the global economic growth mode and shift from the environment-unfriendly fossil fuels to new energy technology. Last year, Italy, Germany, Australia, the United Kingdom and India have achieved great success in attracting private investment in new energy that made great contribution to their economic growth.
[Abstract] Lately, the Research Institute of China Business News (Known as CBN Research in China), released a report entitled Assessing the Strategy of Reviving the US Real Economy Via Re-industrialization. The report reckons that the US manufacturing industry is on the rise and is on the way to recovery. In the short-term, the US government will maintain its support to manufacturing, expand the oversea market, step up the protection of the domestic market, and increase investment in new energy and clean energy. In the medium- and long-term, the US government will shift its focus to real economy. Other reasons include the return of manufacturing to North America and the low costs of American labor and land.
[Abstract] Lately, the Research Institute of China Business News (Known as CBN Research in China), released a report entitled Assessing the Strategy of Reviving the US Real Economy Via Re-industrialization, evaluating America’s renaissance program for its manufacturing industry and its re-industrialization strategy. The report claims that the US is realizing its short-term goal of reviving its manufacturing industry, but whether it can reduce its high unemployment rate remains unclear. The reflux of America’s manufacturing and the resurgence of the petrochemical industry have become the exceptional force for revitalizing America’s real economy.
[Abstract] Lately, the Research Institute of China Business News (Known as CBN Research in China), released a paper entitled the Status Quo and Causes of the Rich-Poor Polarization in the US, analyzing the reasons behind America’s polarization between the rich and the poor. The paper states that globalization, financialization and divided domestic policies are the main reasons for the widening gap between the rich and the poor.
[Abstract] Lately, the Research Institute of China Business News (Known as CBN Research in China), released a paper entitled the Status Quo and Causes of the Rich-Poor Polarization in the US, assessing the current polarization between the rich and the poor in the US. The report reckons that the US has already shifted to a nation of the rich and the powerful from the nation of common wealth. Specifically speaking, the gap between the rich and poor is widening. The economic growth has not benefited the middle class and the gap of wealth has surpassed other developed nations.
[Abstract] In his latest book, Run of the Red Queen: Government, Innovation, Globalization and Economic Growth In China, Dan Breznitz, professor of International Affairs at the Georgia Institute of Technology, pointed out that we should look at China’s way of innovation from a broader perspective in the context of decentralized global production. The R & D of new technology and product should not be the only criterion when assessing China’s innovation. Besides, China should not simply copy the technological innovation model of the silicon valley. The Second Generation Innovation relating to products’ applications and the Process Innovation of the manufacturing industry can create more dividends and promote sustainable economic development.
[Abstract] In his recent article published in the magazines of Science and Scientific American, Prof. Richard Marsel, who worked at the Department of Chemical and Biomolecular Engineering at the University of Illinois, and now the CEO of the Dioxide Materials, presented the key emissions-reduction technology developed by his team. It will transform carbon dioxide to new energy with minimum input efficiently. He argues that this technology will bring a revolutionary change in dealing with climate change.
[Abstract] As the world’s largest importer of rare earth, Japan imported almost all of the resource. As the price of rare earth rises, Japan is trying to obtain more rare earth via various channels in order to reduce its over-reliance on imports, including technological cooperation, signing new contracts diversifying import channels and so forth.
[Abstract] In one of his recent papers, Mr. Fred Bergsten, Director of the Peterson Institute (a US think tank), pointed out that China will inevitably should more responsibilities for the world’s economic prosperity and stability in the future. In 2012, as the world economy is becoming more multi-polarized, the responsibility for solving most of the global economic problems will inevitably fall on the US and China. In some of the important international issues, China and the US have contradiction and conflict. In order to let China play the leading role in maintaining global economic order effectively, China should cooperate with other regions of the world. On the international stage, China is suggested to exchange their opinions on the core and systematical issues with other nations.
[Abstract] Mercury is an environmental polluter which has long lingered in the atmosphere with global mobility. It is mainly produced by fossil fuel combustion and is very harmful to human and the ecological environment. The common international practices in the management of mercury pollution are: firstly, adopt classified management and establish a clear goal for reducing mercury pollution. Secondly, implement a multi-departmental cooperation mechanism led by the ministry of environment. Last but not least, strengthen the legislation on innovation management, promote the upgrading of industrial structure and transform to green economy.
[Abstract] In an article released on its website, Strategic Forecasting (a provider of geopolitical analysis in the U.S.), gave a forecast on Russia’s foreign strategy during Putin’s third term of presidency. It states that Russia will seek to rebuild its influence in former Soviet Union nations, and establish a Russia-led new order in these areas. Furthermore, the paper also elaborates on a series of actions that will be taken by Russia in order to achieve its goal.
Address: No.5, Yong Ding Men Nei Street, Xicheng District, Beijing, China 100050 Fax: (8610) 8336 2199
If you have any questions or comments, please do not hesitate to contact us via the fax number provided.