Categories: Stories

Trump could propel China to become the world’s biggest superpower

Some of US President-elect Donald Trump’s nastiest attacks have been directed at China. He has accused it of “raping” the United States with its trade policies, and of creating global warming as a “hoax” to undermine US competitiveness. Why, then, are many Chinese policy advisers and commentators sanguine about future US-China relations?

The reasoning seems to be that Trump is a businessman, and, to paraphrase US President Calvin Coolidge, the business of China is business. China, the thinking goes, can work with a swashbuckling deal-maker like Trump better than with a supposedly “ideological” Hillary Clinton.

Many people would be surprised to see Clinton categorized as an ideologue. And there is scant evidence to support the claim that businesspeople somehow embody pragmatism, given that so many powerful US business leaders are committed ideologues.

The Koch brothers, for example, stubbornly cling to impractical and thoroughly debunked libertarian ideas, and numerous Fortune 500 CEOs instinctively side with Republicans, even though the US economy consistently performs better under Democratic administrations.

And one should not forget Andrew William Mellon’s infamous and reckless advice to former US President Herbert Hoover on the eve of the Great Depression: “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate.”

The revelation that Trump and President Tsai Ing-wen of Taiwan spoke by telephone has probably now shattered any residual hope that the incoming US administration will be anything but a bull in a China shop.

That phone call violated a protocol – avoidance of direct contact between the US and Taiwan at the presidential level – that American presidents from both parties have carefully observed for four decades.

Trump’s diplomatic breach sent shock waves across Asia, which he then aggravated by asking, in a series of tweets, if China consulted with the US before devaluing its currency or building a massive military base in the South China Sea.

But by calling into question the “One China” policy, Trump is playing with fire. Careful and deft management by both Republican and Democratic administrations has helped maintain the fragile peace between China and Taiwan.

Continued next page

(200 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on January 6, 2017 6:11 am

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024