https://www.scmp.com/rss/327771/feed Dominic Ng is chairman, president and chief executive officer of East West Bank, the No 1 ranked commercial bank in the Bank Director’s 2021 Bank Performance Scorecard. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com In the coming weeks, the US Congress will debate two versions of legislation meant to reinvigorate American innovation and competitiveness: the Senate’s Make it in America Act and the House of Representatives’ America Competes Act. There are important differences between them, but both frame the innovation challenge as a competition with China. In geopolitics, as in business, competition is not necessarily a bad thing. But what is needed today are measures that promote smart competition by... https://www.scmp.com/comment/opinion/article/3168622/us-must-put-strengths-and-values-first-competition-china?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3168622/us-must-put-strengths-and-values-first-competition-china?utm_source=rss_feed Mon, 28 Feb 2022 14:15:07 +0000 At the virtual meeting between US President Joe Biden and Chinese President Xi Jinping last month, the two leaders took steps to stabilise the relationship. By finding common ground on climate change, relaxing restrictions on journalist visas, and setting “guardrails” to prevent armed conflict, they are making efforts to manage the relationship despite differences. But debates in Washington over the right level of openness towards China are nowhere near settled. Many Trump-era barriers remain in... https://www.scmp.com/comment/opinion/article/3159529/keeping-us-doors-open-chinese-imports-and-investment-need-not?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3159529/keeping-us-doors-open-chinese-imports-and-investment-need-not?utm_source=rss_feed Tue, 14 Dec 2021 19:30:17 +0000 Just over one year ago, the US stood at the edge of an unprecedented public health and economic crisis. Though the human costs of this tragedy have been immeasurable, America is now on the verge of overcoming this ordeal. The recovery thus far is a testament to our ability to innovate and adapt in the face of adversity. But it also speaks to the value of openness. Personal protective equipment imported from China helped medical workers respond to the crisis, as imports of surgical and N95 masks... https://www.scmp.com/comment/opinion/article/3133048/us-economy-starting-hollywood-and-education-needs-china-build-back?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3133048/us-economy-starting-hollywood-and-education-needs-china-build-back?utm_source=rss_feed Wed, 12 May 2021 17:30:12 +0000 The Covid-19 pandemic has put families, businesses and communities to the test. Now, more than ever, we rely on one another to overcome the greatest public health and economic challenge of our lifetimes. But, amid a crisis that requires our maximum effort, the world’s two largest economies are at loggerheads. Relations between the United States and China are at the lowest point in decades. At the governmental level, blame-shifting and name-calling has created such a toxic environment that... https://www.scmp.com/comment/opinion/article/3088252/amid-us-china-stand-american-and-chinese-citizens-show-way-their?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3088252/amid-us-china-stand-american-and-chinese-citizens-show-way-their?utm_source=rss_feed Wed, 10 Jun 2020 19:00:10 +0000 With the agreement on a limited deal to halt the trade war, we may finally be seeing a de-escalation between the United States and China. Under a phase-one trade deal, both sides committed to halting further tariff hikes, giving business leaders time to take stock of the damage and begin planning. As negotiators turn their attention to phase two, we must take the opportunity to encourage politicians to put the relationship back on track for both countries’ economic well-being. Both countries... https://www.scmp.com/comment/opinion/article/3042339/business-leaders-must-push-back-us-china-decoupling-and-demand-de?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3042339/business-leaders-must-push-back-us-china-decoupling-and-demand-de?utm_source=rss_feed Tue, 17 Dec 2019 09:00:05 +0000 US-China relations have further deteriorated in recent months, and escalating friction is affecting most channels of economic interaction between the two countries, including trade, direct investment and the flow of people. Financial markets are the latest aspect of the relationship to come into the cross hairs. Politicians and pundits with a hawkish bent are proposing to curtail bilateral investments in stocks, bonds and other financial assets. Such “financial market decoupling” rhetoric is... https://www.scmp.com/comment/opinion/article/3031271/financial-markets-are-key-source-americas-prosperity-so-leave-them?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3031271/financial-markets-are-key-source-americas-prosperity-so-leave-them?utm_source=rss_feed Thu, 03 Oct 2019 19:00:17 +0000 The fate of US-China economic relations hangs in the balance leading up to the expected meeting between Presidents Xi Jinping and Donald Trump at Mar-a-Lago in March or April. The damage of economic tensions has been felt on both sides: US exports to China have seen steep drops in recent months, including in grains, oil, liquefied gas and passenger vehicles. Meanwhile, the latest official data shows that Chinese exports to the US have similarly contracted for three straight months, and Chinese... https://www.scmp.com/comment/insight-opinion/united-states/article/2188804/us-china-trade-war-talks-will-be-nothing-if?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2188804/us-china-trade-war-talks-will-be-nothing-if?utm_source=rss_feed Wed, 06 Mar 2019 19:33:28 +0000 When the US and Chinese presidents, Donald Trump and Xi Jinping, meet at the G20 summit at the end of this month, trade tariffs will top the agenda. At the Asia-Pacific Economic Cooperation summit over the weekend, US Vice-President Mike Pence threatened to “more than double” the tariffs imposed on US$250 billion of Chinese goods, despite a list of trade concessions offered by Chinese officials in recent days. But trade is not the sole dimension of the US-China economic relationship, nor is it... https://www.scmp.com/comment/insight-opinion/united-states/article/2174078/foreign-investors-have-taken-note-chinas?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2174078/foreign-investors-have-taken-note-chinas?utm_source=rss_feed Tue, 20 Nov 2018 15:30:30 +0000 The United States and China are on the cusp of a tit-for-tat trade war. Initial threats of tariffs on US$50 billion of products from China have escalated to talk of action against an additional US$400 billion in imports. But even while all eyes are on the goods trade tussles, Washington is opening another front in this battle: on investment. Legislation to expand the authority of the Committee on Foreign Investment in the United States (CFIUS) to screen inbound investment for national security... https://www.scmp.com/comment/insight-opinion/united-states/article/2152696/first-trade-now-investments-us-escalates-its?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2152696/first-trade-now-investments-us-escalates-its?utm_source=rss_feed Wed, 27 Jun 2018 18:00:44 +0000