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Economics

美中两国的混乱金融脱钩

Dec 30, 2020 George Magnus

发自牛津—中美关系或许正处于自1979年正常化以来的最低谷。但在金融领域，竞争却只是故事的一部分。当美国政府对中国施以金融制裁时，美国的金融企业却正在排队赶赴中国开展更多业务——而中国也对此表示热烈欢迎。那么这种脱钩状态会否在候任美国总统拜登治下持续下去？

美国特朗普政府在过去四年与中国的冲突中经常会采用各类金融手段，比如阻止联邦政府退休基金投资中国股票，并对新疆（因人权原因）和香港（因大陆引入了严厉的国家安全法）的相关中国官员实施制裁。

特朗普最近还签署了一项行政命令，禁止美国居民对31家被认定协助中国人民解放军现代化的中国公司进行投资。同时他还在本月早些时候签署了《外国企业问责法》，要求所有上市交易的外国企业必须在三年内遵照美国的审计规则，否则就只能退市。

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Jan 4, 2021

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Andrés Arellano Baez Jan 4, 2021

"Chinese officials recognize that foreign financial firms deliver capital, US dollar funding, innovation, and best practices to China’s financial markets"... Like Enron, Worldcom, Lehman Brothers...
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Bevin Beaudet Jan 3, 2021

The highest priority for all democratic countries is to end China’s requirement for companies that do business there to share their intellectual property.
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Adrian Gu Jan 2, 2021

China will be to Biden what Russia was to Trump. In Trump's case, he had to go around being much more hostile to Russia (pushing down oil prices and killing Russian commandos in Syria) just to avoid appearing being blackmailed by Russia. Joe's problem is that the Hunter association with China is much stronger than the Steele dossier's fantabulous fables, so Joe's ability to be nicer to China is severely crippled.
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Jose Oyola Dec 31, 2020

Key indicator: The 217 US-listed Chinese firms – with a combined market capitalization exceeding $2 trillion – do not allow foreign audits for “national security” reasons. Imagine what will happen if Apple, Google, Amazon, Microsoft refuse to publish audited financial reports regularly because they have $billions in contracts with US military.

Independent audits by competent and internationally recognized firms, done in accordance with international accounting and auditing standards, should have been a prior requirement to being listed outside China’s controlled stock exchanges. China’s communist leaders know how to abuse favors, which were given to them when they were a poor underdeveloped country. Not anymore.
- David Lentz Dec 31, 2020
  
  Very true. Commies cannot survive in America as they would be hunted down. But there are euphemisms like farm subsidies which perform a similar function or a taxpayer funded military, plus food stamps etc
  Whether that is fascism, communism or whatever does it matter
  If it catches mice is it a cat? Does it matter?
  It’s still a sign of weakness versus the original 1800 America where people stood on their hind legs
  Now the big deal is the stimulus checks
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David Lentz Dec 31, 2020

This article gives an interesting perspective. Not mentioned is that the USA has the indicators of a failed democracy which could soon become a dictatorship. Interestingly the senators and congress people from the less well off states are the ones pushing for a dictatorship. So if America is also a tyranny like China then will they ignore each other? Many possibilities
Also the nation state seems to lack vitality. So many nation states have collapsing demographics. And oddly the vitality is in the failed states where governments are weak
Biden is in a weak position and is a pliable person based on past behavior
Maybe and even worse 1994 crime bill is coming
Etc
It would be ironic if Biden became the dictator the other party is clamoring for
- Jose Oyola Dec 31, 2020
  
  US doesn’t have a single communist party, controlled by a single leader, with an aggresive agenda to regain its lost dominant status in global affairs.
  - Andrés Arellano Baez Jan 4, 2021
    
    Are you sure of that? The USA looks like the Wall Street Republic.
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Robert Wolff Dec 30, 2020

The question of Global investing by the US Owner Class will always be challenged by American workers who lose when their jobs and US technology are transferred to China.

A similar contention, but not identical, is the power of the US Financial System and its owners to make high profits in China, another primary reason for the concentration of wealth in the hands of the US Owner Class and the growing inequality of their political and economic power in America over average Americans.

The Trump tried to mitigate the above disparities between Americans and the American Globalist wealthy class, but failed to make a dent in the rising power of the Owner Class in America over other American economic classes.

The Biden Administration will take the Centrist view (Proposed by Hillary) again, that we cannot stop the American wealthy class from investing overseas, but to stop the growing inequality in America the Globalist American investors must be taxed at a much higher rate than the rest of US. The Centrist Philosophy is to allow Free Enterprise Global Trade, but tax the rich and spend those taxes on subsidizing the middle and lower classes in America which have lost economic and political power to a rising 1% Elites in America who care only about personal profits and couldn't care less about average Americans or the loss of American power on the World Stage.

The article only reinforces the fact that the only solution to growing inequality in America is to heavily tax the rich and redirect much of their income to the poor.
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美中两国的混乱金融脱钩

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