USDX
101.970

0.09%

XAUUSD
1927.97

0.04%

WTI
79.494

2.06%

EURUSD
1.08671

0.22%

GBPUSD
1.23911

0.11%

USDJPY
129.808

0.30%

USNDAQ100
0.12

1.39%

Global Markets
News
Columns

Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

7x24
Economic Calendar
Quotes

Videos

Trading AcademyTradersDaniel Market Outlook

Latest Update

Follow the Trend? Or Wait?

Crypto Market had a recovery, Bitcoin has up about 39% since Jan, Ethereum has reached the 16k level. Is it good time to follow the trend and buy?

BTC Reaches $21k, Time to Buy? Let’s Do a Statistic Analysis!

Bitcoin recently topped the $21k level. Is it still a good time to buy? Let's do a quick analysis to show you.

FTX’s Customer Recovery Plan

FTX attorney Andy Dietderich claimed FTX has recovered over $5B dollars in cash. Will victims recover their losses soon? Will SBF be responsible for FTX's collapse?

McKinsey’s Report | What Are the Industries Will Adopt Metaverse?

McKinsey reported that metaverse possibly create $5T in value by 2030. Which industry will be impacted the most? How many people would like to take this transition from their real life to metaverse?

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Analysis
AI Signals

Trading Signals

Recommended Signals

Pro
Recent Searches
Trending Searches
Quotes
7x24

View All

No data

Login

Sign Up

Membership
Quick Access to 7x24 Real-Time Quotes
Upgrade to Pro

--

  • My Favorites
  • Following
  • My Subscription
  • Profile
  • Orders
  • FastBull Pro
  • Account Settings
  • Sign Out

Scan to download

Faster Financial News and Market Quotes

Download App
Reminder Settings
  • Economic Calendar
  • Market Quotes

Reminders Temporarily Unavailable

I have a redeem code

Rules for using redeem codes:

1.The activated redeem code cannot be used again

2. Your redeem code becomes invalid if it has expired

Redeem
Fastbull Membership privileges
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Real-Time Quotes
View more faster market quotes
Upgrade to FastBull Pro
I have read and agreed to the
Pro Policy
Feedback
0 /250
0/4
Contact Information
Submit
Invite Friends

US-China Strategic Competition Unchecked is Headed For Disaster

Glendon
China-U.S. Relations
Summary:

The world's two largest powers are on a collision course. Strategic competition between the United States and China is ratcheting up, driven by both countries' nationalism and psychologies of exceptionalism and righteousness which make it difficult to show weakness or back down in the face of perceived affronts to their dignity or interests.

The world's two largest powers are on a collision course. Strategic competition between the United States and China is ratcheting up, driven by both countries' nationalism and psychologies of exceptionalism and righteousness which make it difficult to show weakness or back down in the face of perceived affronts to their dignity or interests.
Guardrails that protect against deterioration of bilateral relations, and even armed conflict, are being dismantled. Earlier hopes of cooperation, at least on global collective action problems like pandemic management and recovery and climate change, have all but disappeared. The inflationary and other economic costs of trade and technology decoupling are being disregarded.
There's plenty of blame to go around. President Xi Jinping doing away with term limits and taking China down a path of illiberalism is no longer a matter for China alone given its share of the global economy and integration into it. The global market has never had to manage an economy of the size of China with a political system that's daily becoming more opaque. China is no longer hiding and biding its time and its assertive behaviour and attempts to influence other countries have shown a nasty side of power.
For its part, the United States has traded leadership of the global commons for a policy of undermining the system, which it thinks it may favour China. The trade war has been escalated into full economic warfare with extraterritorial unilateral sanctions on what are said to be strategically important semiconductors that have the goal of crimping China's technological rise.
Everything is now cast in zero-sum terms, even what one would think are obvious collective action problems like mitigating and managing the existential risks from climate change. There used to be offramps to strategic competition: even after the start of the Trump trade war, both the United States and China were willing to do deals like the Phase One trade agreement (as damaging as that was to other countries, including dependable US allies like Australia). Amazingly, the potential for cooperation and positive-sum competition seems to have deteriorated even further after Trump.
Neither Washington nor Beijing appears to recognise each other's clear reaction function to the other. Either that or they do, and are deliberately trying to raise the temperature to induce the other into provocation that might justify a showdown.
The exercise of sovereign agency for its own sake — without respect for the wishes of the other party — might feel good. But it makes the world a more dangerous place. Positive outcomes are what matter, not conformance to the equivalence of some non-existent self-idealisation.
US House of Representatives Speaker Nancy Pelosi's visit to Taiwan and former Australian Foreign Minister Marise Payne's call for an investigation with 'weapons inspector-like' powers into the Wuhan coronavirus outbreak are both prime examples of achieving the opposite of a policy's ostensible goal. Taiwan's democracy is no safer after Pelosi's visit. After Australia's investigation proposal China predictably became defensive and Australia made it harder to secure Western involvement in investigations into the origins of COVID-19.
Chinese officials may believe they are aggrieved and need to better assert their position to the world. But wolf warrior diplomacy has been a disaster for China's standing in the global community. China has managed to unite elites and ordinary people in the West and even much of the non-aligned world into hardening positions against it.
As Jia Qingguo argues in this week's lead essay, 'the kind of role China will play in regional security cooperation … does not depend on China alone'. There's a reaction function in both directions that's not difficult to see. 'How China approaches regional security cooperation depends not just on China's own actions, but on how the United States and its allies address China's legitimate security concerns'. This does not mean, he quickly adds, that 'what China says and does do not matter. It does'.
This suggests a role for US allies like Australia, Japan, South Korea and Singapore that are stuck in the middle of strategic competition across the Pacific.
Australia and Japan in particular have a fear of abandonment from their US ally that leads some of their leaders to egg on their American security guarantor as it intensifies strategic competition with China. It's a dangerous game: in Australia, loose talk of war from some politicians and commentators and a sensationalist media has led to polls showing one in ten Australians think China will attack Australia soon. Only one in twenty Taiwanese expect China to invade Taiwan with five times as many Australians — nearly one in four — thinking that China will soon attack Taiwan.
Tensions have risen during the COVID-19 pandemic — within households, in society and between countries — aggravating growing structural schisms. General anxiety and the inability to travel and engage have made others more distant and alien. China's zero-COVID policies and closed borders have meant that communication has been even harder between China and the rest of the world. Relations between China and the West are rife with deepening misunderstanding. Chinese academics and officials find it difficult to travel abroad in normal times; this is a bigger problem now just as the world becomes more anxious about China's rise.
Jia has been an advocate in China of more open international communication. He argues that 'China must try to explain its positions and reassure others about its strategic intentions'. And, he suggests, 'that China should also do more to demonstrate what it means in policy terms by its dedication to "building a community of shared futures". Specifically on regional security cooperation, China can do more to convince other regional players that a stronger China is an asset, not a liability or a threat'.
That would help with some of the anxieties among US allies and other countries. It may even help the discovery of pathways towards cooperation. There are many shared interests and, in particular, the world desperately needs China and the United States, the world's two largest carbon emitters, to work together on the scourge of climate change and its damage to the global commons.
None of that will be easy when the line between economics and security is blurred and almost everything is seen as a 'you win—I lose' game. German Chancellor Olaf Scholz and Chinese President Xi may have just shifted the dial on this a little over the last few days.

Source: eastasiaforum

Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Full Access to Pro Video Channel

FastBull project team is dedicated to create exclusive videos

Real-Time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data

7x24
Real Time Quotes

Nothing on your watchlist! Go to add

Watchlist
Economic Calendar
  • Economic Calendar
  • Events
  • Holiday
Policy Rates
BANKS ACT (%) PREV (%) CPI (%)
Relevant News
FastBull
English
English
简体中文
繁體中文
العربية
Telegram Instagram Twitter App Store App Store App Store Google Play
Copyright © Fastbull Ltd
Home News Columns AI News Economic Calendar Quotes Videos Data Warehouse Analysis AI Signals Pro User Agreement Privacy Policy About Us

Risk Disclosure

The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.