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☆ Yale's Stephen Roach discusses U.S. policy on China, markets, economy
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStephen Roach: Markets in danger of being whipsawed with geopolitical conflict, rising unemploymentStephen Roach, senior fellow at Yale Law School's Paul Tsai China Center, says "if we're going to have regional conflict in the Middle East, which certainly appears to be the case, occurring in a time of rising unemployment in the United States, the markets really will not know where to turn."

Persons: Stephen Roach, Yale Law School's Paul Tsai Organizations: Yale Law, Yale Law School's Paul Tsai China Center Locations: United States

☆ Yale's Stephen Roach: Markets are in danger of being 'whipsawed' by Middle East conflict, U.S. unemployment
▼ + stars: | 2024-10-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Ilia Yefimovich/dpa | Picture Alliance | Getty ImagesMarkets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center. Most Asian markets fell on Wednesday, tracking losses on Wall Street overnight, as investors fretted over rising tensions in the Middle East. A higher-than-expected unemployment rate could prompt the Fed to accelerate the easing cycle to achieve a soft landing. The unemployment rate in September is expected to come in at 4.2%, according to data of a Reuters poll on LSEG, unchanged from the August figure. The unemployment rate had jumped to near a three-year high of 4.3% in July, a dramatic rise from the five-decade low of 3.4% in April 2023.watch now

Persons: Ilia Yefimovich, Stephen Roach, Yale Law School's Paul Tsai, Hassan Nasrallah, Roach, CNBC's, Stephen Stanley, Kelvin Tay Organizations: Missiles, Getty, Yale Law, Yale Law School's Paul Tsai China Center, Wall, Israel Defense Forces, Santander, Organization of, Petroleum, Energy Information Administration, UBS Global Wealth Management, U.S . Federal Reserve, Traders, U.S, U.S . Federal Locations: Israel, Tel Aviv, Iran, United States, Iranian, Lebanon, U.S .

☆ China's stock surge has echoes of the 2015 bubble. What's different this time
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.

Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, —, Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing

☆ China's Xi meets U.S. executives as businesses navigate bilateral tensions
▼ + stars: | 2024-03-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

The forum this year coincided with other efforts to attract foreign business. However, a combination of geopolitical tensions, regulatory uncertainty and slower economic growth have made it more challenging for foreign businesses in China. ... foreign companies share the same lack of confidence and worries about an uncertain future that is felt amongst much of China's domestic industry. Looking for economic clarityFor businesses considering China investment plans, the country's near-term growth outlook is another factor. He emphasized China's large market, industrial supply chain, and pointed out how China has worked on issues such as data exports and equal market treatment for foreign businesses.

Persons: Tim Cook, Management Dean Bai Chong, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Rajesh Subramaniam, Joe Biden, Carlos Gutierrez, Sean Stein, Gutierrez, Biden, Scott Kennedy, Peter Bachmann, Bachmann, Kennedy, Stephen S, Roach, Yale Law School's Paul Tsai, he's, China's, Han Zheng, Amin H, Nasser Organizations: Apple, China Development Forum, Tsinghua University School of Economics, Management, China News Service, Getty, U.S . Blackstone, Qualcomm, Bloomberg, FedEx, China, Cyberspace Administration, U.S, American Chamber of Commerce, of Commerce, Scott, Scott Kennedy Center for Strategic, Studies, China Centre, University of Applied Sciences, Arts Northwestern Switzerland, Center for Strategic, International Studies, Yale Law, Yale Law School's Paul Tsai China, Communist Party, Invest, CNBC, Aramco Locations: China, BEIJING, U.S, San Francisco, Beijing, Shanghai, Washington ,, Saudi

☆ ‘Cherry on the Cake’: How China Views the U.S. Crackdown on TikTok
▼ + stars: | 2024-03-23 | by ( Ravi Mattu | ) www.nytimes.com time to read: +1 min

He spoke with DealBook about how China views the latest U.S. crackdown on TikTok. How does China see the latest TikTok fight? Chinese state media and government spokespeople have made it clear that this is very unwelcome. State media is keeping its powder dry because there are still several steps before ByteDance might have to sell TikTok in the U.S. Before this looks really imminent, state media is not rallying citizens to object too much.

Persons: Dan Wang, Wang, Yale Law School’s Paul Tsai, DealBook, spokespeople, ByteDance Organizations: Yale Law, Yale Law School’s Paul Tsai China Center, U.S Locations: China, United States, America, Beijing, U.S

☆ In post-Covid China, the masks are off, but Xi’s tight control is here to stay
▼ + stars: | 2024-03-07 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

2 official, who is charged with running its economy – and one more move for Xi to cement his control over the official narrative. China's Premier Li Qiang speaks during a press conference after the closing session of the National People's Congress in Beijing on March 13, 2023. He used his first and likely last press conference last year to highlight the prominence of the Communist Party over the state government. The axing of the premier’s press conference came alongside a shortening of the “two sessions” overall – first imposed during the pandemic to prevent the spread of Covid. Traffic slowed due to checkpoints on surrounding streets, with security officials even stopping and checking IDs of some cyclists riding on a major throughfare along the square.

Persons: Xi Jinping, Xi, ”, Liu Dongshu, Jinping, Li Qiang, Greg Baker, Premier Li Keqiang, Xi protégé Li Qiang, Li, “, ” Li, Liu, ” Changhao Wei, Paul Tsai, presser, Tatan Organizations: Beijing CNN, of, National People’s Congress, City University of Hong, National People's Congress, Premier, Communist Party, Paul Tsai China Center of Yale Law School, National People's, AP, Communist Locations: Beijing, Communist, China, City University of Hong Kong, AFP, Hong Kong, Tiananmen

☆ China doubles down on national security, expanding its state secrets law
▼ + stars: | 2024-02-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Edgar Su | ReutersBEIJING — China is beefing up national security measures by expanding its protections of state secrets to include a broad category of "work secrets." The new rules, set to take effect May 1, describe how precautions taken for state secrets should also apply to unclassified information known as work secrets. "There is a risk that individual departments will overzealously identify matters as 'work secrets,'" Daum said. He also founded the website China Law Translate, which published an unofficial English translation of the new rules. Growing national security concernsThe updated state secrets law comes as Beijing and Washington increasingly cite national security risks when announcing new restrictions for business.

Persons: Edgar Su, Xi Jinping, Jeremy Daum, Yale Law School's Paul Tsai, Daum, Jeremy Daum Yale Law School's Paul Tsai, Gabriel Wildau Organizations: of, Initiative, Reuters, Yale Law, Yale Law School's Paul Tsai China Center, China, Jeremy Daum Yale Law, Jeremy Daum Yale Law School's Paul Tsai China Locations: Beijing, China, Reuters BEIJING, Washington

☆ Notable frenzy of interactions between U.S., China in January: Analyst
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNotable that there's been a 'frenzy' of interactions between U.S. and China in January: AnalystSusan Thornton, senior fellow at Yale Law School's Paul Tsai China Center, discusses the meeting of U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi, and the urgency of stabilizing ties ahead of a busy election year.

Persons: there's, Susan Thornton, Yale Law School's Paul Tsai, Jake Sullivan, Wang Yi Organizations: Yale Law, Yale Law School's Paul Tsai China Center, U.S . National, Foreign Locations: China

☆ China plans to ease one of the biggest hurdles for foreign business
▼ + stars: | 2023-10-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

China News Service | China News Service | Getty ImagesBEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. But foreign businesses have found it difficult to comply — if not operate — due to vague wording on terms such as "important data." The country's top executive body, the State Council, in August revealed a 24-point plan for supporting foreign business operations in the country. The text included a call to reduce the frequency of random inspections for companies with low credit risk, and promoting data flows with "green channels" for certain foreign businesses. When U.S. Commerce Secretary Gina Raimondo visited China in August, she called for more action to improve predictability for U.S. businesses in China.

Persons: Reva Goujon, Goujon, Gabriel Wildau, Gina Raimondo, Martin Chorzempa, Samm Sacks, Yale Law School Paul, Chorzempa, Sacks, Beijing's Organizations: China News Service, Getty, Cyberspace Administration of China, Government, European Union Chamber of Commerce, CNBC, EU, State, China Corporate, CAC, State Council, Commerce, Peterson Institute for International Economics, Yale Law School, Yale Law School Paul Tsai China Center and New, Baidu Locations: Chongqing, BEIJING, China, Beijing, Covid, U.S, Yale Law School Paul Tsai China Center and New America

☆ U.S. commerce secretary's China trip is going to be a 'tricky one,' analyst says
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. commerce secretary's China trip is going to be a 'tricky one,' analyst saysSusan Thornton, visiting lecturer in law at Yale Law School and senior fellow at the Paul Tsai China Center, says it's a "tough visit" for U.S. Commerce Secretary Gina Raimondo, but adds that it's probably "one that the Chinese are welcoming."

Persons: Susan Thornton, Paul Tsai, Gina Raimondo Organizations: Yale Law School, Paul Tsai China Center, . Commerce Locations: China

☆ Raimondo meets Chinese officials in 'tricky' visit as countries seek a more stable relationship
▼ + stars: | 2023-08-28 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

U.S. Commerce Secretary Gina Raimondo speaks during a Reuters interview at the Department of Commerce in Washington, September 23, 2021. U.S. Secretary of Commerce Gina Raimondo is set to meet with senior Chinese officials and U.S. business leaders in Beijing as the two countries continue high-level talks. Her trip is a crucial but also a tough one to tread with U.S.-China economic ties hanging in the balance, according to a former senior U.S. diplomat. Thornton previously served as acting assistant secretary for East Asian and Pacific Affairs at the State Department. She said Raimondo would want to "get some business done for U.S. businesses," on top of promoting and stabilizing trade relations with China.

Persons: Gina Raimondo, Gina Raimondo's, Susan Thornton, CNBC's, Thornton, She, Raimondo, Paul Tsai Organizations: Commerce, Department of Commerce, East Asian, Pacific Affairs, State Department, Paul Tsai China Center, Yale Law School Locations: Washington, Beijing, China, U.S

☆ Analysis: No decoupling, but West and China drift apart
▼ + stars: | 2023-08-08 | by ( Mark John | ) www.reuters.com time to read: +5 min

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Take foreign direct investment - the more forward-looking clue as to where commercial ties between countries are heading. WATCH GERMANYSome, meanwhile, point to the fact that U.S.-China trade - exports and imports of goods combined - hit a record $690 billion last year as evidence that the reality does not match the frosty political rhetoric. Last month's China strategy document unveiled by Chancellor Olaf Scholz's three-way coalition left open exactly how far Berlin would ultimately go in reining in commercial ties.

Persons: Aly, China's, Louise Loo, Stephen Roach, Yale Law School's Paul Tsai, Angela Merkel, Chancellor Olaf Scholz's, Mark Leonard, –, Joe Biden, Loo, Mark John, Christina Fincher Organizations: REUTERS, West, Oxford Economics, Yale Law, Yale Law School's Paul Tsai China Center, Reuters, European Council, Foreign Relations, – Mercedes, Benz, BMW, Volkswagen, BASF –, Oxford, Thomson Locations: Port, Shanghai, China, United States, Europe, GERMANY, Germany, Berlin, reining, Taiwan, U.S

BEIJING, Aug 6 (Reuters) - China's decision to join international talks in Saudi Arabia this weekend seeking to end Russia's war in Ukraine signals possible shifts in Beijing's approach but not a U-turn in its support for Moscow, analysts say. "Beijing will not want to be absent from other credible peace initiatives that are led by non-Western countries." China did not attend the talks in Copenhagen in late June, despite being invited and having proposed its own 12-point plan for peace. Ukrainian Foreign Minister Dmytro Kuleba called Li's involvement a "considerable breakthrough", according to Ukrainian media. While China's move was good for its image, Singapore-based analyst Li Mingjiang said Beijing would be looking to fine-tune its positions.

Persons: Yun Sun, Li Hui, Xi Jinping, Qin, Vladimir Putin, Dmytro Kuleba, Shen Dingli, Shen, China's, Li Mingjiang, Li, Geng Shuang, Moritz Rudolf, Yale Law School's Paul Tsai, Laurie Chen, Martin Quin Pollard, Greg Torode, William Mallard Organizations: NATO, Stimson, Qin Gang, People's Liberation Army Rocket Force, U.S, Ukrainian, Rajaratnam, of International Studies, United Nations, Security, Yale Law, Yale Law School's Paul Tsai China Center, Thomson Locations: BEIJING, Saudi Arabia, Ukraine, Moscow, Beijing, Denmark, Russia, China, Washington, Jeddah, Copenhagen, Shanghai, Singapore

☆ China has a new foreign relations law. Here's what it means for business
▼ + stars: | 2023-07-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. Two new laws, one on espionage and the other on foreign relations, took effect July 1. In strictly legal terms, however, the legislative changes themselves don't increase the risk for foreign businesses in China, said Jeremy Daum, senior fellow at Yale Law School's Paul Tsai China Center. The website's translation of the Foreign Relations Law notes that foreign organizations in China "must not endanger China's national security, harm the societal public interest, or undermine societal public order." A House committee delegation discussed China business in their meeting with executives of high-profile U.S. tech and media companies in California in April.

Persons: Jeremy Daum, Yale Law School's Paul Tsai, Antony Blinken's, Michael House, Perkins, Daum, Mintz, It's, Alex Liang Anjie, Michael Hart, he's, Hart, Janet Yellen, Jens Eskelund, Alex Liang Organizations: Visual China, Getty, Yale Law, Yale Law School's Paul Tsai China Center, U.S, China, Foreign Relations, Mintz Group, Bain, Capvision Partners, Reuters, American Chamber of Commerce, Treasury, Companies, EU Chamber of Commerce Locations: BEIJING, China, Beijing, Washington, U.S, Shanghai, California, Broad

☆ India downplays SCO Summit but Putin and Xi may not be complaining
▼ + stars: | 2023-07-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Last year, the world watched closely as China’s Xi Jinping, Russia’s Vladimir Putin, Narendra Modi of India and other world leaders within a Moscow-friendly group gathered in the Uzbek city of Samarkand for a high-profile, two-day summit. World leaders pose for a photo during the Shanghai Cooperation Organization summit in Samarkand, Uzbekistan, on September 16, 2022. It remains unknown how tight a grip Putin now has on power in Moscow, and although he attended last year’s SCO summit, he has rarely left Russia since his invasion of Ukraine. Face-to-face meetings, however, can also provide opportunity for world leaders to talk out sensitive issues or push on points of contention that may be handled less delicately in a virtual setting. Given their respective ties with Moscow, both China and India have received pressure from the West to limit their relations or even push Putin toward peace.

Persons: Hong Kong CNN —, Xi, Russia’s Vladimir Putin, Narendra Modi, Putin –, Putin, Modi –, –, Modi, ”, Manoj Joshi, India didn’t, Murat Kula, what’s, Wagner, Steve Tsang, It’s, “, Moritz Rudolf, Paul Tsai, Tsang, Putin “ Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, “, Observer Research, Anadolu Agency, Getty, SOAS China Institute, University of London, Moscow, Paul Tsai China Center of, Yale Law School, Central, Soviet, Ukraine Locations: Hong Kong, India, Moscow, Uzbek, Samarkand, Ukraine, Eurasia, Russia, China, New Delhi, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, –, Iran, Washington, ”, Europe, Beijing, Belarus, Central Asia, Soviet Union

☆ Analysis: China says it wants peace in Ukraine, but is it only on Russia's terms?
▼ + stars: | 2023-05-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

But Li’s trip has also laid bare the divisions between China and Europe when it comes to how peace can be reached — and served to underline Beijing’s close alignment with Moscow. As such, that’s “not on the table for China,” Tsang said. That stance has horrified much of Europe, and Li’s tour comes as China has been attempting to repair relations there. “No one will do anything against us behind Ukraine’s back, because we have built trusting relationships with all our key partners,” he added. “The crucial question is what message from Europe — Kyiv, Warsaw, Berlin, Paris, and Brussels — Li will deliver in Moscow and Beijing,” he said.

☆ Chinese ambassador sparks European blowback over post-Soviet states comment
▼ + stars: | 2023-04-24 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Several leaders in former Soviet states, including Ukraine, were quick to hit back following the interview, which aired Friday on French station LCI. Beijing has formal diplomatic relations with post-Soviet states, which include Russia. Ties have soured as Europe has uneasily watched China’s tightening relationship with Russia and its refusal to condemn Putin’s invasion. Voices in former Soviet states, where many remember being under Communist authoritarian rule, have been among those in Europe critical of such an approach. For Russia, giving up control of Crimea is widely seen as a non-starter in any potential peace settlement on Ukraine.

☆ U.S.-China relations are going downhill with ‘no trust’ on either side, Stephen Roach says
▼ + stars: | 2023-03-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +5 min

US President Joe Biden and China's President Xi Jinping (L) shake hands as they meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022. "Right now, there is no trust," he told "Squawk Box Asia" on Tuesday, who is currently attending the China Development Forum in Beijing. watch now"The balloon was a spark that really put us on a swift downhill descent," Roach added. The office did not provide details of her itinerary while in the U.S. On Taiwan, China has repeatedly said the issue is an internal affair. Every single Taiwan president in recent memory has done this," White House National Security Council spokesman John Kirby, said at a press briefing last week.

☆ Factbox: What to look for at China's NPC meeting of parliament
▼ + stars: | 2023-03-07 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

Besides meeting annually to deliberate legislation and appoint government personnel, it oversees the State Council, China's cabinet. Its top body, the roughly 170-member NPC Standing Committee, meets more frequently to pass legislation. The Standing Committee also has the power to amend semiautonomous Hong Kong's mini-constitution, known as the Basic Law. The NPC will also appoint top government positions including vice president, NPC chair, vice premiers, state councillors, head of the Supreme Court and ministers. Several NPC and CPPCC delegates have put forth policy proposals in recent days, with China's historically low fertility rate a hot topic.

☆ Factbox: What to look for as China kicks off its annual session of parliament
▼ + stars: | 2023-03-02 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

Besides meeting annually to deliberate legislation and appoint government personnel, it oversees the State Council, China's cabinet. Its top body, the roughly 170-member NPC Standing Committee, meets more frequently to pass legislation. The Standing Committee also has the power to amend semiautonomous Hong Kong's mini-constitution, known as the Basic Law. The NPC will also appoint top government positions including vice president, NPC chair, vice premiers, state councillors, head of the Supreme Court and ministers. China will announce its central and local government budgets, military spending budget and economic growth target on the opening day of the NPC.

☆ ‘Crisis point’: Foreign policy experts and investors are divided on China
▼ + stars: | 2023-02-17 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

A Chinese spy balloon flies above in Charlotte NC, United States on February 04, 2023. Experts say their appearance has raised serious questions about Beijing's deep surveillance efforts. Top foreign policy experts expressed grave concerns about the state of U.S.-China relations at a Council on Foreign Relations meeting this week. The emergence of alleged Chinese spy balloons over the U.S. has raised serious questions about Beijing's deep surveillance efforts, leading U.S. Secretary of State Anthony Blinken to postpone his trip to China in a widely-seen setback for the countries' relations. However, strategists and fund managers on Wall Street seem less concerned by the geopolitical ripple effects and more fixated on Beijing's expected economic revival in 2023.

☆ Even more aggressive rate hike by the Federal Reserve is needed
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEven more aggressive rate hike by the Federal Reserve is neededStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale University's Paul Tsai Center China Center, joins Worldwide Exchange to discuss the Federal Reserve's third consecutive 75 basis point rate hike and his predictions for a potential recession in 2023.

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