Posts by John Ross
Trade war – bad polls & bad economic numbers pressure Trump
US share markets rose sharply on news of the announcement that Presidents Xi and Trump would meet at the G20 summit – as the Financial Times simply summarised it ‘Trump plan to meet Xi on trade sends US equities sharply higher’. This was a welcome piece of goods news for President Trump after a period…
Read MoreChina prepares for economic ‘prolonged war’ with Trump
‘At least two other organizations have more power over [US financial] markets than the White House. They are the US Federal Reserve and the Chinese Communist Party. Trump does not directly control either of them.’ This brutal analysis is particularly significant as it is by one of the most senior and accurate Western specialists on…
Read MoreUS attempts to block Europe benefiting from China’s ‘Belt & Road Initiative’
This is an important year for Europe as economic slowdown is likely – the IMF projects EU growth will fall from 2.1% in 2018 to 1.6% in 2019. Regarding major external influences which can improve or worsen this situation, the US will also slow, the IMF projecting a decline in growth from 2.9% to 2.3%…
Read MoreWhy China maintained its strong economic growth
Introduction China’s GDP growth in the 1st quarter…
Read MoreStrengthening China-Russia ties symbolised by completion of new bridge
Good relations between China and Russia are the most important international factor to maintain world peace and geopolitical stability in the face of proven US aggression and adventurism – as shown in its invasion of Iraq, catastrophic intervention in Libya and other disasters. The reasons for this are analysed on this website in ‘Good China-Russia…
Read MoreForget Tesla, it’s China’s E-buses that are denting oil demand
China’s leading international role in fighting climate change was strongly illustrated in a recent Bloomberg article pointing out that it was changes in China’s public transport system. not US electric car markers such as Tesla, that were playing a key role in reducing CO2 emissions. The reason is that public transport uses much heavier vehicles…
Read MoreUS is losing the battle for world public opinion to China
Gallup carries out an annual international poll on approval of the leadership of major countries. This year’s poll, covering 134 countries, had a striking conclusion – China’s leadership has overtaken the US in approval not only globally but in every continent surveyed outside North America and possibly Australasia. This is clearly a dramatic shift in international…
Read MoreHow China out thought the West
Since 1978 there have been three huge international tests of economic analysis and thinking. First, the unparalleled success of China’s reform and opening up. Second, the disastrous failure of the West’s ‘shock therapy’ in Russia starting in 1992. Third, the international financial crisis starting in 2008. In each of these enormous tests China’s economic thinking…
Read MoreChina’s plans for Green Growth
‘People centred development’, including special emphasis on ‘green growth,’ was a central theme of this year’s annual China’s National People’s Congress (NPC) – its legislative body. The focus of the NPC, together with the Chinese People’s Political Consultative Conference (CPPCC) which is held simultaneously, is always primarily domestic. However, China’s domestic agenda necessarily impacts on…
Read MorePeak US growth under Trump slowest for any US President since World War II
The present US administration is attempting to fight the trade war against China on two fronts. The first is the US economic attack on China, primarily centred at present on tariffs. This is designed by US policy to create objective economic problems for China. Second is the attempt to spread a false view of the…
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