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Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

bloomberg.com

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Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#21

Post by NotPaidToPost »

product50 wrote: post #10

Isn't the ball in China's court here? I am not sure what is the expectation of US in this. China has a completely closed market while at the same time they are reaping the benefits of selling in markets of other countries with no penalties. How is that fair? Also, they force companies to share their technologies/IP if they are interested in coming into Chinese markets - and then they just steal it to undercut the for…

China has done what every developing country should do (Edit: and what the likes of Japan and Korea did before them)

If you open your economy when you are relatively undeveloped and weak then foreign companies will immediately occupy your economy and you can forget about creating national 'champions'.

China is not a closed market but they are careful not to fall into that trap.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#23

Post by sbhn »

rgbrenner wrote: post #5

China is highly unlikely to undermine the U.S.-led global system given it has been one of its biggest beneficiaries, Balakrishnan said. They undermine it every day they refuse to allow free trade. The US and others spent a lot of resources building the free trade system of the world... and China wants the benefits of selling into that global market, while reserving their own market for themselves. Every day they are…

That sounds like england with brexit. Cake and eat it to

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#24

Post by radmuzom »

NotPaidToPost wrote: post #21
product50 wrote: post #10

Isn't the ball in China's court here? I am not sure what is the expectation of US in this. China has a completely closed market while at the same time they are reaping the benefits of selling in markets of other countries with no penalties. How is that fair? Also, they force companies to share their technologies/IP if they are interested in coming into Chinese markets - and then they just steal it to undercut the for…

China has done what every developing country should do (Edit: and what the likes of Japan and Korea did before them) If you open your economy when you are relatively undeveloped and weak then foreign companies will immediately occupy your economy and you can forget about creating national 'champions'. China is not a closed market but they are careful not to fall into that trap.

Agreed. A good book on this subject is "How Asia Works" by Joe Studwell.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#25

Post by chvid »

As others has observed the economies of USA and China are tied at the hip.

China sells goods cheaply to USA and takes the dollars it makes and invest in US treasuries. This keeps inflation low and keeps interest rates low. And allows the US to maintain an unnatural high living standard with low savings and asset price inflation.

The central bank may be able to compensate from the lack of Chinese buying but it is an unsustainable situation as the inflationary pressure from the lack of imports would be in full force.

Also notice that Singapore seems to be saying: Please don't ask us to pick sides ...

The US may have fewer friends in Asia than it assumes.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#26

Post by xuki »

rangibaby wrote: post #22

Lee Kuan Yew had some interesting and prescient insights about China in 1967: https://youtu.be/VexrmTacOAA

You should read his book: One Man's View of the World

https://www.goodreads.com/book/show/18297494-one-man-s-view-...

It's very concise, written in fairly casual tone and in my opinion, spot on for the most part. One point he kept making throughout the book is Singapore will not stop working with a superpower because another superpower don't like it.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#27

Post by lenkite »

Please read about the colonialist-style policies openly being carried out by China in co-opting land and territory of poorer nations:

https://www.nytimes.com/2018/06/25/world/asia/china-sri-lank...

Speaking personally as a citizen of a neighbouring nation - I would rather have a democratic and open nation like the United States as the sole-superpower of the world. China as an established super-power would be a tyrannical nightmare.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#28

Post by NotPaidToPost »

chewz wrote: post #20
NotPaidToPost wrote: post #7

Earlier quoted context omitted.

East Asia is vassal to the US at the moment... I think countries like Singapore, Korea, etc do not want the US, Korea, to leave. They are between a rock and a hard place and want to balance the US and China in order not to become too dependent on one and to benefit from both. Singapore, which is quite "China-friendly" is saying exactly that. What I find interesting is that the West in general, and obviously the US in…

> East Asia is vassal to the US at the moment... Even if it were true I am not sure if people of Singapore, Korea, Japan, Thailand or Taiwan would like to swap places with people of Xinjang or Tibet..

Is that the best you can do?

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#29

Post by Tepix »

PunchTornado wrote: post #16
product50 wrote: post #10

Isn't the ball in China's court here? I am not sure what is the expectation of US in this. China has a completely closed market while at the same time they are reaping the benefits of selling in markets of other countries with no penalties. How is that fair? Also, they force companies to share their technologies/IP if they are interested in coming into Chinese markets - and then they just steal it to undercut the for…

how is china a closed market? germany sells plenty of cars there...

They force foreign manufacturers to create local businesses with 50% chinese share.

Re: Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

#30

Post by [deleted] »

Teever wrote: post #18
londons_explore wrote: post #11

Earlier quoted context omitted.

They aren't stopping other countries doing the same. The world might be a better place if everyone stole and remixed IP

They aren't stopping other countries from doing the same yet . And the reason for that is that they are still the underdog so it makes sense to turn a blind eye to their domestic industries violating American IP laws. Just like it makes sense for the US to enact and attempt to enforce restrictive IP laws on a global scale. Make no mistake once China ascends they will enforce their will on the world just like the US h…

[deleted]
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