https://www.scmp.com/rss/323108/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A main demand of US Treasury Secretary Steven Mnuchin’s delegation to Beijing last week was that China cut its trade deficit by US$200 billion. China was busy preparing for the 200th anniversary of Karl Marx’s birth, so the trade discussions were not exactly the centre of attention in the People’s Republic. But if a point was missed, it is that United States needs that US$200 billion.  Actually, it needs US$375 billion, the full trade deficit it claims with China (in the form of cut-rate Chinese... https://www.scmp.com/comment/insight-opinion/article/2145205/us-china-trade-deal-can-end-chimerica-positive-note?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2145205/us-china-trade-deal-can-end-chimerica-positive-note?utm_source=rss_feed Wed, 09 May 2018 08:15:15 +0000 Brexit is forcing Britain towards an offensive to reposition itself, one that will only succeed with the help of new strategic foreign partners. The national business model underwritten by EU institutions is gone. Britons might have to save more, consume less and export more. Will creditors now be willing to finance Britain’s huge current account deficits at 5 per cent of gross domestic product? Recent indicators show just how fast Britain must reinvent itself. Barely a month after the vote, the... https://www.scmp.com/comment/insight-opinion/article/1998707/how-china-can-help-britain-reinvent-itself?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1998707/how-china-can-help-britain-reinvent-itself?utm_source=rss_feed Thu, 04 Aug 2016 09:03:43 +0000