Foreign policy under US President Donald Trump and Chinese President Xi Jinping are not so different; despite their seemingly diametrically opposed strategies, the whiff of money pervades. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Whether it is the US stick or the Chinese carrot, foreign policy boils down to the use of money, not the military

  • China dangles carrots by offering belt and road investments, and its vast market and trade, while the US wields the stick of sanctions and threats to withdraw financial support. But both rely on the common influence of money to persuade others

TOP PICKS

Foreign policy under US President Donald Trump and Chinese President Xi Jinping are not so different; despite their seemingly diametrically opposed strategies, the whiff of money pervades. Photo: AP
READ FULL ARTICLE
Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.