(Preview) Yellen’s Visit to Beijing; PRC Exports and Global Tensions; Finance with Chinese Characteristics; US-Japan-Philippines

Sharp China with Bill Bishop

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Bill Bishop is the author of Sinocism

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On today's show Andrew and Bill begin with takeaways from Secretary of Treasury Janet Yellen's visit to China, including what her meetings may or may not accomplish and the likely next steps for the Biden Administration in the months to come. From there: As the US and Europe grapple with the threat of cheaper PRC goods in key industries, how might China respond to raised tariffs around the world? Will there be consequences for continued support of Russia's defense industrial base? And how realistic is the deterrence strategy articulated by Ambassador Rahm Emanuel this week? At the end: A question about Xi's vision for the PRC financial system, the deepening partnership between the US and Japan, the US and allies conduct naval exercises in the South China Sea, and a question about Tesla's 0% financing for PRC customers.

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China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods — Wall Street Journal

US should not politicise trade issues, China’s Li Qiang tells Janet Yellen in response to ‘overcapacity’ concerns — SCMP

US and China agree to start new talks on 'balanced' economic growth — France 24

China Providing Geospatial Intelligence to Russia, US Warns — Bloomberg

How Billions in Bitcoin Laundered From China Ended Up in British Hands — Caixin

Financial Development with Chinese Characteristics; Taiwan Earthquake; Yellen; NDRC support for private sector; Tesla — Sinocism

Yellen enjoys a beer at the now Carlsberg-owned Jing A in Beijing — Image

U.S. Amb. to Japan Rahm Emanuel: China’s most persistent & pernicious economic strategy is coercion — CNBC

Rahm on China: Colorful Diplomacy, Alliances, and the Military-Industrial Complex — ChinaTalk

China says it patrolled the South China Sea in an apparent response to US naval drills with allies — AP

Aukus weighs expanding security pact to deter China in Indo-Pacific — Financial Times

Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on April 8, 2024 — MOFA

Substack Note from Bill Bishop — @sinocism