 Martin Feldstein writes: It is unlikely that China will make enough policy changes in the next three months to satisfy the U.S. and avoid the tariffs. Looking ahead, the U.S. could impose heavier tariffs and other economic penalties in order to force China to play by the rules, ending its attempt to dominate global markets through subsidies and technology theft. – Wall Street Journal Hilton Yip writes: For the ruling Chinese Communist Party, this sense of victimhood provides numerous benefits. It shifts the blame onto foreigners, mainly the West, for many of China’s problems and focuses domestic anger and scrutiny away from the party. There is never a need to take responsibility and be accountable for your own actions if you can stoke historical grievances like the “century of humiliation.” […]It is time that the West stopped taking China’s victimhood claims at face value. – Foreign Policy Deeper, Underlying Tensions Exposed In Sino-US Ties
mentioning Hoover Institution via South China Morning Post Without careful management it is a relationship that could get worse before it gets better and do nothing to enhance regional and global stability.  China’s central bank rules out ‘flood-like’ wave of stimulus BY GORDON WATTS PBOC adviser points to ‘prudent’ monetary approach after a raft of measures are proposed to boost the economy amid global market jitters Don’t break the 3% deficit-to-GDP ceiling, analyst warns
BY ASIA TIMES STAFF There are other policy tools that could strengthen a proactive fiscal policy, including increasing spending, issuing more debt and reducing taxes, says expert  Falling Share Prices and the Outlook for the US Economy
Martin Feldstein explains why the decline in household wealth implied by a more normal price-earnings ratio will mean recession.
Inside Xi Jinping's Plan To Dominate The World
featuring Elizabeth Economy via Bloomberg Elizabeth Economy’s “The Third Revolution” makes the case that China is most dangerous in the realm of ideas.
China is Losing the New Cold War
Minxin Pei points out that the country is repeating two of the key mistakes that helped bring down the Soviet Union. 
PBOC decides to accelerate capital market reform
BY ASIA TIMES STAFF Pledge to reduce administrative intervention in transactions, develop mid and long-term investors and unblock access for asset management products
The China Policy Debate
There is growing consensus that the United States is engaged in a long-term, intensifying competition with China. It's less clear what type of relationship Washington should pursue with Beijing. RAND experts say that both competition and engagement are essential to future China policy. But there is only so much the United States can—or should—do to prevent China from becoming its peer. Read more »
Politburo eyes accelerating reform and opening up
BY ASIA TIMES STAFF The meeting pointed out that it is necessary to stimulate the vitality of small enterprises, improve macro-control and upgrade economic structure
Nation should come first in monetary policy: PBOC
BY ASIA TIMES STAFF Official says central bank must pay more attention to the spread of risk between different markets, such as bonds, stock markets and the foreign exchange
Private fears about China’s private sector
BY GORDON WATTS An influential report shows the country’s private sector is shrinking for the first time in two decades as calls for accelerating reform gather pace
In crippling the World Trade Organization, the US disarms weapons against Chinese high-tech protectionism
Claude Barfield | AEIdeas If the Trump administration does not soon advance its ideas for updates, the World Trade Organization's (WTO) legal system will grind to a halt, and China’s violations of its WTO obligations may go unpunished. 
Taylor On China And Trade And Ideas
by John H. Cochrane via Grumpy Economist Tim Taylor, also reviewing Summers on China, makes a few excellent points. Growth comes from within. Trade is not conquest.
John Cochrane On The John Batchelor Show
interview with John H. Cochrane via The John Batchelor Show Hoover Institution fellow John Cochrane discusses his Hill article "Trump should send China flowers, not tariffs."
Ralph Gomory writes: If China’s President Xi is serious about ending conflict with the United States, he should end the actions his country is taking that destroy our industrial capabilities. If President Trump is serious about rebuilding our capabilities he should act to keep our companies from offshoring to China and incent them to consider the welfare of our country. Tariffs on goods from China are being considered and they should be. – The Hill
The G20 economies: Managing China’s rise — and eventual fall
Clay R. Fuller | AEIdeas China has captured an increasing share of G20 economic output, but its day of reckoning will come. The US needs to be prepared for when “Xi Jinping Thought” becomes “Xi Jinping Panic.”
The Deal Trump Should Strike With Xi
Geoffrey Garrett Trump's Trade War Escalates Allison Carnegie How China’s Middle Class Views the Trade War Cheng Li
A new era of competition and warning of the consequences of a “new Cold War.” In Beijing, Xi has adopted a more activist foreign policy; in Washington, there is heated debate about the merits of the long-standing U.S. approach to engaging China and whether U.S. and Chinese interests are fundamentally incompatible.
The Dilemmas of Competing with Xi Jinping’s China by Peter Mattis
The commander of U.S. forces in the Indo-Pacific said China’s “pernicious approach” to its Belt and Road initiative and increased militarization of the South China Sea is heightening tensions between the world’s two biggest economies. – Bloomberg
For the near-term future of the global economy, which is already running into serious headwinds due to a year of rising trade tensions, the biggest question is whether Trump and Chinese President Xi Jinping will call a truce or double down on their trade war. – Foreign Policy Editorial: As they contend with Mr. Trump now, Chinese policymakers must understand that he won the presidency in large part because of American dismay — especially in the industrial heartland — with the results of China’s behavior, and what the public perceived as a failure of U.S. leadership to check it. For his part, Mr. Trump should understand that he has a mandate for a smart course correction, not an aimless, blunt-force exercise in “America First.” – Washington Post
China and the U.S. are on the brink of a new Cold War, with tensions over trade at the top of the agenda. […]That the two countries arrived at this point, despite years of tension, wasn’t inevitable. Rather, it played out this year in the corridors of power in Washington and Beijing, with both maneuvering—and often miscalculating. – Wall Street Journal
An Arleigh Burke-class guided-missile destroyer and a Henry Kaiser-class fleet replenishment oiler sailed through the Taiwan Strait Wednesday, in what the Navy called a routine transit. – USNI News
A new study highlights China’s growing air power, and warns that China is looking to build out its Air Force to the point that the U.S. would not be willing to take it on in direct conflict. The Project Air Force team at Rand Corp. describes an emerging Chinese air force that aims to rival the United States’ own, both technologically and strategically, often by mirroring U.S. military capabilities and doctrine. – Air Force Times
Robert J. Samuelson writes: As for the Chinese, they may think they can satisfy Trump by promising to buy more American exports. But U.S. grievances with China go much deeper. Foreign firms — including American — find it hard to compete in China and say they’re targets of discriminatory rules and investment practices. […]If so, the trade war may become a permanent fixture of the global economy. – Washington Post
James Leibold writes: It is the regime’s fundamental insecurity — the fear of rebellion and eventually China’s dismemberment — that drives it deeper and deeper into the private lives of its citizens, only alienating them. The repression of Uighurs in Xinjiang is just the extreme manifestation of the C.C.P.’s virulent — and unsustainable — pursuit of total control. – New York Times  The Dilemmas Of Competing With Xi Jinping's China
quoting Elizabeth Economy via War on the Rocks Last year in October, President Xi Jinping strutted to the podium at the Chinese Communist Party’s 19th Party Congress to read his work report. For more than three hours, Xi forced his colleagues to sit and listen in one of the most ostentatious displays of that infamous Chinese phrase, “you listen, I speak,” to which anyone has ever been subjected. More than any other event of the last six years, the 19th Party Congress pressed home Xi’s influence on the Chinese party-state. His ideas were incorporated into the constitution. No obvious successor emerged, suggesting Xi would hold the reins of power indefinitely.  The APEC summit: A turning point? Claude Barfield | AEIdeas As a window to the future, the Asia-Pacific Economic Cooperation forum may be more consequential than whatever takes place next week at the G20. Sinology 2.0: Decoding China’s People’s Daily Weifeng Zhong and Julian TszKin Chan | AEIdeas Researchers have employed modern-day text analysis and machine learning to decipher the People’s Daily, which has published nearly two million articles spanning more than seven decades. With these techniques, the process of “china-watching” is more of a science and less of an art. An Agenda for Resolving the US-China Conflict
Stephen Roach urges both countries' leaders to focus on four issues when they meet at the upcoming G20 summit.  IMF links Pakistan bailout talks to financial blacklist
BY F.M. SHAKIL Pakistan’s hopes of getting a $6 billion lifeline may hinge on how it responds to demands for a crackdown on money laundering, terror funding and financial details of its deals with China
Hard Power, Soft Power and the Stickiness of Kowtow Diplomacy
By Richard Herr, The Strategist (ASPI): " ... there’s an argument that Xi’s soft-power playbook doesn’t have the same roles or objectives as those in the Nye playbook.
Hal Brands writes: The basic message of Pence’s speech was that the region will find a better friend in a democratic America than a dictatorial China. And that message is not simply spin or propaganda. It reflects the fact that in today’s geopolitical competitions, a democratic superpower has advantages its authoritarian rivals will find hard to match. – Bloomberg
Ishaan Tharoor writes: For President Xi Jinping, the APEC summit was supposed to highlight China’s friendly face to the world. Instead, he faced off against Vice President Pence, who used the forum to decry China’s global development projects as “opaque” schemes that saddle weaker countries with “staggering debt.” The United States launched a rival infrastructure initiative, backed by Australia, New Zealand and Japan. […]The showdown illustrated a deepening political reality in Asia: Many countries are far more wary of an increasingly assertive China than the United States, the old guarantor of security in the Pacific. – Washington Post
Daniel Moss writes: The collapse of a summit of Asia-Pacific leaders last weekend in Papua New Guinea isn’t the end of the world. In fact economic relations between the 21 nations won’t change much. Most need both China and the U.S. — and that’s what they will continue to get. – Bloomberg  
Structural problems at the heart of trade war BY GORDON WATTS Former finance minister Lou warns of the problems that negotiation teams face when Trump and Xi talk at the G20 in Buenos Aires Trump ups the ante in fight against China’s intellectual property theft Claude Barfield | The Hill The Trump administration is advancing a groundbreaking attack — if it is sustained — on Beijing’s unceasing theft of American intellectual property. U.S., CHINA:
U.S. to Challenge China in Territorial Dispute Using Military, Economic Means By Stew Magnuson, National Defense Magazine: “Indo-Pacific Command Commander Adm. Philip Davidson said the United States will continue to challenge China over its claims in the disputed South China Sea region with both military and economic means."  
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