China Is Paying for Most of Trump's Trade War, Research Says (&) China’s Biggest Problem Isn’t Trump. It’s China.

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: the keyboard of geoff goodfellow <geoff () iconia com>
> Date: November 21, 2018 at 2:22:24 AM GMT+9
> To: Interesting Stuff list <is () iconia com>
> Subject: IS: China Is Paying for Most of Trump's Trade War, Research Says (&) China’s Biggest Problem Isn’t Trump. 
> It’s China.
>
> China Is Paying for Most of Trump's Trade War, Research Says
> https://www.bloomberg.com/news/articles/2018-11-19/china-is-paying-for-most-of-trump-s-trade-war-research-says
> EXCERPT:
> President Donald Trump is succeeding in making China pay most of the cost of his trade war.
>
> That’s the conclusion of a new paper from EconPol Europe, a network of researchers in the European Union. U.S. 
> companies and consumers will only pay 4.5 percent more after the nation imposed 25 percent tariffs on $250 billion of 
> Chinese goods, and the other 20.5 percent toll will fall on Chinese producers, according to authors Benedikt 
> Zoller-Rydzek and Gabriel Felbermayr...
> [...]
>
> China’s Biggest Problem Isn’t Trump. It’s China.
> Long before the trade war heated up, Beijing started cooling off its own economy.
> https://www.bloomberg.com/opinion/articles/2018-11-19/china-slowed-its-economy-long-before-trump-s-trade-war
> EXCERPT
> China’s Self-Harm
>
> For all the tariffs and threats President Donald Trump hurls at China, they’re not nearly as harmful as what China 
> throws at itself.
>
> The country’s economic growth, once the envy of the world, has languished lately, and it’s easy to blame the trade 
> war Trump has been ratcheting up all year. But China was slowing its economy down long before Trump got involved, in 
> an effort to end some boom-era excesses, including overly risky borrowing. After its efforts worked maybe a little 
> too well, it has tried to goose the economy here and there with tax cuts and liquidity injections. But Andrew Polk 
> points out it still hasn’t rescinded its earlier belt-tightening mandates. And no, the trade war doesn’t help. The 
> result is uncertainty and confusion that will keep China’s economy sluggish for the next year or more, slowing down 
> the rest of the world.
>
> Another, more specific, way China hurts itself is in genetic research. China has a big population with a lot of 
> genetic data – a gold mine to public and corporate researchers. As it tends to do with such resources, China is 
> hoarding this gold mine a little too aggressively, notes Adam Minter. He writes this is not only a huge loss for 
> medical research – which would benefit China – but also means China’s own companies and scientists are cut off from 
> the rest of the world.
>
> Further China Reading: China’s suffocating surveillance state is being adopted around the world, and the U.S. must do 
> a better job of setting a competing example...
> [...]
>
> -- 
> Geoff.Goodfellow () iconia com
> living as The Truth is True
> http://geoff.livejournal.com  



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