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An Aside On Sino-American Relations
The US presidential election is heating up, which means you will get
to read countless analyses of how a Bush or Gore win will affect the
US-PRC relationship. Save some time and skip all of them (after this
one, of course). A change from Clinton to Gore will bring more focus
on human rights. But Gore will follow his predecessor's path,
allowing his vice-president (Lieberman) to take the lead on rights
while focusing on what really matters to Democratic administrations
in foreign policy: money. Aside from a few more resentful, huffy
remarks from China, the human rights angle will have no effect and a
Gore win means the status quo.
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A Bush win is a little trickier because it's not clear the Republican
candidate has any idea what his foreign policy is. He sees the PRC as
a rival and wants to provide Taiwan with missile defense technology.
But he supports open trade with China. Has it occurred to anyone in
the Bush camp that giving Taiwan missile defenses just might end up
interfering with trade? Before anyone gets too alarmed, however,
remember the daddy angle. Election rhetoric is not as important as
the influence of old China hand Bush Sr.
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China
E-Bytes
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| The TV producer cartel has collapsed as cartel leader Konka and
outsider Changhong matched 30 percent price cuts over the weekend.
Last week Konka was saying that it was not illegally keeping prices
high, now it insists it is not illegally pricing below costs. |
| The World Bank is lending $210 million over three years to bolster
dykes along the Yangtze. Floods and drought are estimated to cost
China about $12 billion annually. |
| Corporate investors have released the four percent of PetroChina's
shares locked since the private placement in March. A wave of
industrial issues is soon to hit New York and Hong Kong – Sinopec in
September, BaoSteel in December, and CNOOC in March. |
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| Keep
up with the fast changing business environment in
China, the world's biggest and fastest-growing emerging
economy. Sinomania! recommends Orbis
Publications, Experts in Emerging Markets, for
a full range of in-depth coverage on China including
daily/weekly/monthly reports and more. |
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