What started as Trump’s petty complaints on trade with China eventually escalated into what many call ‘a new Cold War’.
- ARC Future Fellow and Senior Research Fellow, Griffith University
US President Donald Trump says he’ll respond ‘very strongly’ if China follows through with its draft national security law in Hong Kong. Beijing, though, is prepared for a potential new cold war.
President Trump’s decision to slap tariffs on US$300 billion of China’s exports has set up a currency war that has engulfed Australia.
As the governor of China’s central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
The Chinese government should focus less on promoting the yuan internationally and more on domestic financial reform.
The inclusion of the yuan into the IMF’s currency basket shouldn’t stop ongoing Chinese financial market reforms.
Western powers signing on for the Asian Infrastructure Investment Bank could more effectively shape China’s view of the world.
Now is not the time for complacency. Australia must be on the front foot if it wants to make the most of what economists are calling the “new normal.”
Australia may be a little late to the party, but the it still has a lot to win as it negotiates its position in the Asian Infrastructure Investment Bank.
Australia’s free trade deal with China will invariably boost bilateral trade and investment. But how trade and investment are settled also matters. Given the rise of the renminbi (RMB) in recent years…
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