Moderator @GotoEastAsia opens our next panel on the US-China Trade War, featuring former IMF Exec. Director Meg Lundsager, @bobdavis187 , and John Frisbie of Hills & Co, which you can watch here.https://www.wilsoncenter.org/event/live-webcast-the-nixon-forum-us-china-relations …
No countries followed US in calling China a currency manipulator, says Lundsager. "China's current account has come down dramatically, they're not overtly pushing down the currency to be more competitive" but Trump Admin Treasury is alone in standpoint
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@bobdavis187 : "There are people in the administration who think of China as an existential threat and people who think that China is a problem" within global economy with other outstanding issues. Trump is neither of those identities 100% of the timePokaż ten wątek -
Frisbie: "The American business community has experienced declining optimism in China" re fair competition, good playing field. As China's economy "expanded, moved out and went global," new considerations were that CHinese firms competed around globe with protective base @ home
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@GotoEastAsia asks about technology transfers, and whether it poses challenges to firm operations Frisbie: There is a lot of tech transfers, there will be desires to get more out of deals from partners. In joint ventures requirements are where leverage isPokaż ten wątek -
On Taiwan and commercial pushback from Chinese firms:
@GotoEastAsia asks "What does this mean for American firms doing business?"@bobdavis187 : This is a "put up or shut up" moment. If you face penalties in China, how much does that market mean to you vs company values?Pokaż ten wątek -
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@bobdavis187 : "If you look at concerns now versus in the 80s when Japan was the target, Trump was one of many and it was easy to criticize because they were locked out of Japan. It's different because companies are in China now." Adds that "China upends everything we thought"Pokaż ten wątek
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