Tag - economic-security

 
 

ECONOMIC SECURITY

Washington is talking to allies about adding 11 more Chinese chipmaking factories to a restricted list.
WORLD / Politics
Jun 19, 2024
U.S. pushes Japan and Netherlands to muzzle China's chipmaking abilities
Washington is talking to allies about adding 11 more Chinese chipmaking factories to a restricted list, a source said.
A Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, in 2022. Washington aims to strengthen domestic chip manufacturing as it engages in a trade war with China.
COMMENTARY / World / Geoeconomic Briefing
Jun 9, 2024
Does economic security undermine the benefits of interdependence?
While economic security concerns are not new in the U.S., coercive methods are. These risk undermining the rules-based international order and its global appeal.
While European countries such as Germany have strengthened bilateral ties with Beijing, the EU as a whole is set on reducing reliance on the Chinese economy: a strategy that European Commission President Ursula von der Leyen calls "de-risking."
COMMENTARY / World / Geoeconomic Briefing
May 31, 2024
Europe’s vulnerability in the EU-China-U.S. geoeconomic triangle
Behind a semblance of unity, the EU and U.S. could be on clashing trajectories in their pursuit of economic security to reduce dependence on China.
Chinese electric vehicles bound for shipment at the Port of Taicang in China
BUSINESS / Tech
May 30, 2024
EU seeks roadblocks for Chinese EVs without sparking trade war
Crucially, the bloc must strike a balance with its aim for more Europeans to drive EVs as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Wanxiang America’s Neapco manufacturing plant in Belleville, Michigan
BUSINESS / Companies
May 29, 2024
Once embraced, Chinese companies now shunned in U.S. on security fears
It doesn’t matter if it’s mining or health care, even Chinese furniture could one day be seen as a national security issue, a lawyer who represents Chinese clients said.
In September 2022, U.S. President Joe Biden signed an executive order outlining what technology areas would be considered critical in the government's process for reviewing inbound investments that could pose a threat to national security.
COMMENTARY / Japan / Geoeconomic Briefing
May 27, 2024
How will Japan respond to new U.S. investment rules?
Washington is reforming inbound and outbound investment rules in the context of economic security concerns. Japan needs to prepare for these changes.
U.S. Secretary of the Treasury Janet Yellen holds a news conference ahead of a meeting of Group of Seven finance ministers and central bank governors in Stresa, Italy, on Thursday.
BUSINESS / Economy
May 26, 2024
China slammed in G7 show of unity threatening trade escalation
The Group of Seven ministers and bankers accused the world’s second-biggest economy of hurting the economies of its trade partners.
Bank of Italy Gov. Fabio Panetta (left), French Finance Minister Bruno Le Maire (center) and Italian Finance Minister Giancarlo Giorgetti pose for a picture at the Group of Seven finance chiefs and central bank governors' meeting in Stresa, Italy, on Friday.
BUSINESS / Economy
May 25, 2024
China fear grips G7 with draft raising alarm at ‘harmful’ trade
A draft communique formulated at the Group of Seven meeting in the lakeside resort of Stresa introduces much stronger language than before.
At the factory of 4R Energy Corp. in Namie, Fukushima Prefecture, a lithium-ion electric vehicle battery is disassembled to be reused. Batteries and EVs are among the strategic industries governments around the world aim to support through their industrial policies.
COMMENTARY / Japan / Geoeconomic Briefing
May 20, 2024
Grasping industrial policy in the age of economic security
A new era of industrial policies is structured around three P's: promoting strategic industries, protecting emerging technologies and partnering with like-minded countries.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024
U.S. efforts to reshape global supply chains gathers pace in Asia
Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
Major Japanese companies are increasing ventures in the United States, with Toyota investing $13.9 billion in North Carolina alone.
COMMENTARY / Japan
May 13, 2024
Japan’s gamble to hedge against U.S. political risks
As Japanese companies increasingly invest in U.S. states like North Carolina, friend-shoring ensures economic resilience in the face of political change.
Hungarian Prime Minister Viktor Orban and Chinese President Xi Jinping hold a joint news conference at the Carmelite Monastery in Budapest, Hungary, on Thursday.
ASIA PACIFIC / Politics / ANALYSIS
May 10, 2024
Xi uses Europe visit to slow continent’s ‘de-risking’ from China
Closer ties with Hungary and Serbia serve to benefit Beijing politically and economically as they help sustain its waning footprint in the region.
The Upper House passes a security clearance bill on Friday.
JAPAN / Politics
May 10, 2024
Japan's parliament enacts new economic security clearance bill
The new law will work in conjunction with an existing law on the protection of specially designated secrets.
Economic security has evolved to include offensive measures, such as industrial policy. Countries like Japan are increasingly on-shoring strategic industries such as semiconductors, regardless of the cost.
COMMENTARY / Japan / Geoeconomic Briefing
May 7, 2024
The shift from economic security to geoeconomics
Economic security started out as a defensive concept, but it has now been weaponized to include an offensive element, morphing into a geoeconomic tool.
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.
JAPAN / Politics / FOCUS
May 7, 2024
Unlike 10 years ago, Japan's new security bill sparks little debate
Some point to a shift in the nation’s security stance, while opposition party lawmakers indicate a general apathy among the media to cover the story.
TikTok raised eyebrows last month when it mobilized users to petition against a potential ban, demonstrating its influence on Americans.
BUSINESS / Tech
Apr 30, 2024
TikTok and Tesla just the start of U.S.-China clash over Big Data
Data security is again taking center stage in the intensifying rivalry between the U.S. and China.
A volunteer sits near a Starlink terminal constructed for local residents at a street in Kherson, Ukraine, in November 2022.
COMMENTARY / World / Geoeconomic Briefing
Apr 23, 2024
Starlink highlights economic security challenges facing democracies
The system has stirred a variety of debates over the issue of military application of civil technology.
U.S. Secretary of Commerce Gina Raimondo speaks at an event held by the National Committee on U.S.-China Relations and the U.S.-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November.
BUSINESS / Tech
Apr 22, 2024
Raimondo says Huawei’s chip breakthrough is years behind U.S. tech
Raimondo said the technology gap shows the Biden administration’s success in imposing export controls on China.
German Chancellor Olaf Scholz (left) with Chinese leader Xi Jinping in Beijing in November 2022. Scholz is travelling to China again this week with the goal of shoring up economic ties with Germany's biggest trading partner.
COMMENTARY / World
Apr 15, 2024
An EV trade war with China would be an own goal for carmakers
As German Chancellor Scholz visits China this week, he should push for stronger ties between Chinese and European automakers, especially in the EV market.
German Chancellor Olaf Scholz reviews soldiers of the German armed forces in Berlin on Thursday.
WORLD / FOCUS
Apr 12, 2024
Between the U.S. and a hard place, Germany's Scholz reheats China ties
With Germany's economy slumping, the nation hopes to gain fairer access to China's markets despite promises to "de-risk" from them.

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