Finance & Economics
[ Global News ] Alberta finance minister defends $1.3B loss on Keystone XL pipeline as ‘calculated decision’
Alberta’s finance minister says the province’s $1.3-billion investment of taxpayers’ money in the now-defunct Keystone XL oil pipeline project was a prudent gamble given the potential payoff in profits and jobs. … Premier Jason Kenney and his United Conservative government, in early 2020, committed $1.5 billion in direct financing and $6 billion more in loan guarantees to…
Read MoreRenaming NAFTA and not changing anything substantial is not a victory.
Written by Dan Murawski, Edited by Wyatt Mingji Lim.Cover Photo from Getty Images Being from Michigan and working in the finance department for one of the largest auto suppliers, I know a bit about how the industry works and I can tell you that there is a substantial amount of goods that are imported before…
Read MoreAnd it’s not even a trade war, and China is destined to lose
In my previous article on the soybeans ( http://defensepoliticsasia.com/why-china-import-soybeans-from-the-us/ ), we could already see that China had no choice but to import soybeans from abroad; and most notably, from the United States. China, throughout history, had always been a civilisation that opts for self-sufficiency over depending on any outside countries/import/resources. As part of the Chinese psyche,…
Read MoreFreight Waves: Five years in, China’s Belt and Road looks like a giant debt trap
Five years in, China’s Belt and Road looks like a giant debt trap – FreightWaves Gwadar Port in Pakistan, strategically located on the Arabian Sea. ( Photo: Wikipedia ) There’s a provocative quote attributed to the second President of the United States, John Adams, that’s been circulating on the internet lately. “There are two ways…
Read MoreSCMP: Many Chinese companies ‘will go bankrupt’
Original Article: Many Chinese companies ‘will go bankrupt’, if US delivers on tariff threats, court newspaper warns In an opinion piece published on Wednesday by People’s Court Daily, Du Wanhua, deputy director of an advisory committee to the Supreme People’s Court, said that courts needed to be aware of the potential harm the tariff row could cause. “It’s…
Read MoreWhy China imports soybeans from the US?
source: https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/usa/chn/show/2016/ The entire squabble between Beijing and Trump, where they slap tariffs on each other like its just same children game, had shine the spotlight on one particular item, that China had just slap the tariff on: Soybean. A quick search on the MIT’s Observatory of Economic Complexity app, you will find the above visualisation (screenshot)…
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