Torbjørn Færøvik's Blog, page 166

What Trump's 2024 election win means for Asian companies

Donald Tump has been elected U.S. president, capping a remarkable comeback four years after he was voted out of the White House. Here is what companies in Asia have invested in the United States, what Trump has said about them and what potential U.S. business policy changes would mean for Asian companies.Read more

Asia braces for disruption to alliances, trade after Trump’s victory

Asia is bracing for a second Donald Trump presidency that is poised to inject unpredictability into the region’s relations with the United States, from casting doubt on longstanding alliances to threatening to upend trillions of dollars in trade. During his first term as president from 2016 to 2020, Trump, who scored a decisive victory against Kamala Harris in Tuesday’s election, broke with many

Asia braces for steep China tariffs in second Trump term

Asia is bracing for Donald Trump’s return to the White House, after he threatened on the campaign trail to inflict sweeping tariffs on China and questioned Washington’s security commitments to Taiwan and US allies South Korea and Japan. The Republican former president has proposed blanket tariffs of more than 60 per cent on all Chinese imports and ending the country’s most favoured nation trading

China will work with US, government says, but more rivalry expected under Trump

China will work with the U.S. on the basis of mutual respect, it said on Wednesday as Donald Trump closed in on victory in the presidential election, but strategists said Beijing was bracing for bitter superpower rivalry over trade, technology and security issues. "Our policy towards the U.S. is consistent," foreign ministry spokesperson Mao Ning told a regular press conference in Beijing, when

2024 US election live updates: Reactions from Asia

 The U.S. presidential election is being keenly watched across Asia. The victory of former President Donald Trump over Vice President Kamala Harris will have a major impact on America’s relations with the region on issues like trade, security and climate change. Radio Free Asia reporters are gauging reactions in Asia and regularly updating this post with what we hear from regular citizens

Declassified Transcript: Mao Zedong meets Richard Nixon, February 21, 1972

Declassified transcript of the Beijing meeting between China's leader and America's. It took place in Chairman Mao's living quarters. Nixon's visit was the first time a U.S. president had visited the PRC, and his arrival in Beijing ended 25 years of no communication or diplomatic ties between the two countries. Nixon visited the PRC to gain more leverage over relations with the Soviet Union,

How Much Will New Stimulus Improve China’s Economic Outlook?

After months of downbeat economic news and little action from the Chinese government, Beijing has announced a slew of stimulus measures. At the end of September, the central bank announced interest rate cuts and a 500 billion renminbi(U.S.$71.30 billion) program to fund stock purchases by brokers, funds, and insurers, causing an immediate surge on China’s markets. Other stimulus measures

China sees sharp drop in marriages amid economic downturn

The number of couples getting married in China fell rapidly in the first nine months of 2024 by nearly 1 million registrations compared to last year, official statistics show, amid an economic slump and changing attitudes toward marriage. China registered 4.747 million marriages in the three quarters ending Sept. 30, a drop of 943,000 year-on-year.First marriages have plummeted by nearly 56% over

EXPLAINED: How do Asia’s authoritarian states pick leaders?

In a world bracing for a close U.S. presidential election result this week, a large swathe of Asia picks its leaders without suspense -- and mostly with little popular participation. Chinese leader Xi Jinping was confirmed by the National People’s Congress in March 2013 with 2,952 votes for, one against, and three abstentions. Last year the rubber stamp parliament voted unanimously to give him a

EXPLAINED: What is China’s United Front and how does it operate?

Evidence is mounting of clandestine Chinese influence operations in the heart of America. Just in the last few months, a former aide to the governor of New York state and her husband were arrested for alleged illicit activities promoting the interests of China; a Chinese democracy activist was arrested and accused of spying for China; and a historian was convicted of being an agent for