... fear secondary sanctions and fines from the US authorities. Naturally, in the PRC, there is the possibility to make use of internal banking, aside from global banks (Chinese banks operating in the global market are still extremely careful about the US sanctions regimes). China is a large and, in many areas, a fairly autonomous power, capable of providing its citizens with access to banking and any other market services.
However, most people from the management and business elite have been actively involved in globalisation ...
...
Towards Strategic Autonomy: the Role of the EU in the Growing China-USA Rivalry
Following a blueprint tailored for Russia, the U.S. has resorted to a maximum pressure campaign against China. In 2018 a full-scale trade war
erupted
and was followed by
sanctions
introduced against the most vital industry for China’s global rise — the hi-tech sector. Huawei and ZTE were
swiped
from the U.S. market. The U.S. also has been widely applying its longer-used instrument of sanctions not solemnly limited to hi-tech giants. Chinese
officials
in Xinjiang and
...
... and China will be cautious about arms sales, as well as quite reluctant to confront the US. Moscow and Beijing know that the US is sensitive to this issue, and even if the arms embargo is lifted, the US will apply unilateral sanctions. Violating these sanctions, thus, would be highly costly for Russia and China. Therefore, they will not jeopardize their interests by engaging with Iran and confronting the US. Simultaneously, some interests, including strengthening of balance, increasing chips' bargaining against the US, and taking advantage of Iran's arms ...
... tools. However, protecting European businesses from the US remains a big question. An equally big question is transformation of European economic power into effective sanctions. At least until the euro takes a more prominent role in global finance.
China: Sanctions That “Cannot Be Named”
China is at the heart of the sanctions policy’s suspense. There are several China-related trends.
First
, China is becoming increasingly active in the international arena. Beijing has significantly beefed up its ...
... China: Toward a New Crusade?
However, the general atmosphere is clearly being pumped up. It has come to the point that Republican Scott Perry introduced two bills to empower the president to recognise
Hong Kong
and
Tibet
as independent states. Regular sanctions were proposed by Senator Pat Toomey on entities that
violate China's obligations to Hong Kong
under the Sino-British Joint Declaration and the Basic Law.
The administrations steps seem much more serious. The White House has published a new
strategic document revealing US policy towards China
. The document is ...
... the reconstruction of global value chains, which took years and even decades to build.
Whether or not the United States will eventually return to the table of real, rather than tactical, negotiations depends on the answers to these questions, as does China’s to slip between Scylla’s sanctions and Charybdis’ institutional restrictions on innovative development. However, it seems that no one has the answers right now. The White House, where Trump breaks the accepted patterns of economic strategy and global norms because, well, “why ...
...
Anti-Chinese topics are becoming more pronounced at the level of election rhetoric. Judging by one of the recent documents prepared for the Republicans by the consulting company O’Donnell and Associates, the party’s key line may be harsh criticism of China, a call for sanctions, as well as criticism of the Democrats for an excessively mild approach to China. Nikki Haley, a member of the Republican Party, who until 2018 was the US Permanent Representative to the United Nations, launched a campaign to collect signatures ...
... systemic officials and organisations that are sanctioned for political reasons. The problem could be ignored if it only applied to individual “dictatorial regimes”. However, today they are increasingly affecting major players such as Russia and China. Americans will inevitably have to cooperate with these states in countering crime, while at the same time considering them the targets of their sanctions and other repressive measures. Such a duality exists today. The big question is how long it will last. In a worst-case scenario, the Americans’ excessive use of sanctions and other measures for political purposes will make anarchy an attractive ...
...
While it may be a little early to talk about the emergence of a bipolar era in the tech world, the question of what policy Russia should follow against the backdrop of the confrontation between the two undisputed tech leaders (the United States and China) is more pressing than ever.
Vassily Kashin
of the Centre for Comprehensive European and International Studies (CCEIS) at the National Research University Higher School of Economics shared his thoughts on the matter with us.
How does today’s ...
... for the next two years, and Washington said it would not impose new duties. Of course, it left in force the existing ones until the signing of the next package. However, the lull in the trade war will do little to reduce the risk of the US imposing sanctions against China. After all, the trade war and sanctions are two different things. While the former concern economics, the latter primarily concern politics. The growing political contradictions between the United States and China have not disappeared. This means ...
