Warren Fernandez, Editor-in-Chief, The Straits Times Warren Fernandez, Editor-in-Chief, The Straits Times These days, Harvard Professor Graham Allison is hailed as something of a prophet. Officials he met in China recently referred to him as the man who “predicted” a clash between the United States and China, he says. “It was not a prophesy,” he adds. “I simply pointed out the recurring patterns of history.” “Today, the conversation has moved to the more urgent question, which is, what’s to be done, and how to escape Thucydides’ Trap?” He is talking about his ground-breaking, best-selling book, published in 2017, with the ominous title, Destined for War: Can America and China escape Thucydides’s Trap? The book, whose title refers to an ancient Greek historian’s chronicle of upstart Athens taking on Sparta, caught global attention for its study of 16 periods of power rivalry over the past five … [Read more...] about US, China: Frenemies?
Trump china policy
Trump fires Sessions, vows to fight Democrats if they launch probes U.S. President Donald Trump speaks during a swearing-in ceremony for new Attorney General Jeff Sessions (R) at the White House in Washington, U.S., February 9, 2017 – PHOTO: REUTERS WASHINGTON (REUTERS) - President Donald Trump on Wednesday forced out Attorney General Jeff Sessions a day after congressional elections, and vowed to fight if the U.S. House of Representatives’ new Democratic majority launches probes into his administration. Sessions - an early Trump supporter who ran afoul of the president by recusing himself from an investigation into Russian meddling in the 2016 White House campaign - said in a letter to Trump that he had submitted his resignation “at your request.” The 71-year-old former U.S. senator was informed on Wednesday morning by White House Chief of Staff John Kelly in a phone call that it was time to go, said an aide who spoke on condition of anonymity. … [Read more...] about Trump fires Sessions, vows to fight Democrats if they launch probes
The talks took place as the U.S. seeks to forge to more resilient military ties that can withstand mounting pressure between the world’s two largest economies. Mattis saw first hand last month how growing Sino-U.S. friction can undermine military contacts when Beijing up-ended plans for him to travel to China in October to meet Defense Minister Wei Fenghe. It was apparent retaliation over U.S. sanctions. Mattis and Wei made no remarks as the two shook hands at the start of their talks in Singapore, which took place on the sidelines of a gathering of Asian defense ministers. Randall Schriver, a U.S. assistant secretary of defense who helps guide Pentagon policy in Asia, said making military-to-military ties with China less brittle would be crucial to helping reduce the chances of a devastating conflict. “Two nuclear-armed powers with regional, if not global, interests - we need to make sure that when we step on one another’s toes, it doesn’t escalate into … [Read more...] about As tensions mount, Mattis seeks more resilient US ties with China’s military
Mattis to seek more resilient U.S. ties with China's militaryThe Saigon Times Daily Secretary of Defense Jim Mattis speaks with the media before an enhanced honor cordon arrival of Greek Minister of Defense Panagiotis Kammenos at the Pentagon in Washington, U.S., October 9, 2018 – PHOTO: REUTERS SINGAPORE (REUTERS) - U.S. Defense Secretary Jim Mattis will seek more resilient military ties during talks with his Chinese counterpart in Singapore slated for Thursday, a U.S. official said, as both militaries attempt to navigate mounting tensions. Mattis saw first hand last month how growing Sino-U.S. friction could undermine military contacts when Beijing up-ended plans for an October meeting in China with Defence Minister Wei Fenghe, in apparent retaliation over U.S. sanctions. A meeting with Wei now appears set to take place on the sidelines of a gathering of Asian defence ministers in Singapore. Randall Schriver, a U.S. assistant secretary of defence who helps guide … [Read more...] about Mattis to seek more resilient U.S. ties with China’s military
Global FDI falls 41% in H1 2018 after Trump tax reforms - U.N.The Saigon Times Daily Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan as lithium producer Livent Corp holds its IPO in New York, U.S., October 11, 2018 – PHOTO: REUTERS GENEVA (REUTERS) - Global foreign direct investment (FDI) fell by 41% to US$470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday. President Donald Trump’s U.S. tax reforms were the main cause of the slump, which followed a 23% fall in 2017, as American firms repatriated a net US$217 billion from foreign affiliates, UNCTAD investment chief James Zhan said. “The investment flows are more policy-driven and less economic cycle-driven,” Zhan told a news conference, citing the U.S. tax reform and economic liberalization in China. “Overall the picture is gloomy and the prospect is … [Read more...] about Global FDI falls 41% in H1 2018 after Trump tax reforms