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The U.S.-China Trade War And Global Economic Dominance

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U.S. President Donald Trump speaks to reporters after a phone conversation with Mexico’s President Enrique Pena Nieto on trade in the Oval Office of the White House in Washington, DC on August 27, 2018. President Trump said Monday the U.S. had reached a “really good deal” with Mexico and talks with Canada would begin shortly on a new regional free trade pact. (Photo: Mandel Ngan/AFP/Getty Images)

Why is U.S. President Donald Trump willing to negotiate and compromise with Mexico and the EU on trade, and not China? The answer, in short, is that Trump’s dispute with China is more than just America’s trade deficit. It is a head-to-head struggle between an incumbent superpower and a rising challenger, fueled by a deep conviction among the White House’s economic policy team that America’s problem with China is not just the trade deficit, but China’s very economic structure itself, which disadvantages foreigners not only in trade, but also in investing and operating in China, and distorting business competition in favor of Chinese companies.

In Trump’s crosshairs is the Made in China 2025 initiative, announced in 2015 aiming to upgrade comprehensively within a decade China’s industrial production, especially in manufacturing, to be among the best in the world. It is therefore being seen increasingly in the U.S. as a direct challenge to its global economic dominance. In fact, the Council on Foreign Relations, a U.S. policy think tank, stated in 2018 that “[Made in China 2025] is a real existential threat to U.S. technological leadership.”

China is indeed snapping at the heels of the U.S. in closing the technology gap. According to the UNIDO Competitive Industrial Performance Database, the share of exports that can be considered medium/high tech in 2016 is 63% for the U.S. and 58% for China. This is getting uncomfortably close for the U.S. China clearly has come a long way from the days of exporting low-tech, labor-intensive exports like garments and shoes.

Consequently, Trump’s trade war with China is really about blocking, or at least slowing down, China’s technology upgrade and its expanding global economic influence. Chinese investment in the tech sector in the U.S. has come under tougher scrutiny, and American government agencies are put on high alert against Chinese efforts in industrial espionage. The clause of protecting national security in the U.S. Trade Act of 1974 is increasingly invoked to impose new tariffs on Chinese imports and to curtail China’s business mergers and acquisitions in the U.S.

However, the tactics with which the Trump trade war is being fought to block China’s technological advances will fail. Trump and his economic advisers are stuck in the old paradigm of industrial production where trade and industry secrets are recorded in design blue prints, instructions and protocols that are locked up in a safe. In today’s modern economic production, the more complicated and high value-added the task, the more important is tacit knowledge, or knowhow, which resides only in people’s brains, especially in knowledge and capital intensive industries like banking and finance, biotechnology, aerospace, nanotechnology and artificial intelligence.

Knowhow is everything that we need to know but find hard to explain. Skiing is a knowhow. We learn how to ski by skiing with good skiers, not by studying the physics of skiing. The only way to acquire knowhow is to have the opportunity of working alongside people who already have such knowhow. In this connection, as Trump’s trade war makes it increasingly difficult for American businesses to export to China, they will need to move more of their operations to China to produce locally in order to sell their goods and services in one of the fastest growing consumer markets in the world. And that means more American brains with high grade technical and management knowhow will be spending more time in China, offering more opportunities for their Chinese colleagues and employees to work alongside them to acquire their knowhow.

In 2017, the value of products that American companies made and sold in China was estimated at $250 billion, about double that of U.S. exports to China, according to the IMF Direction of Trade Statistics  This is a consumer market that is growing at 14% a year, about four times faster than the U.S. In the next few years, it is set to bypass the U.S. to become the world’s largest consumer market. This is not a market that global companies can ignore. If the only way to sell more in this market is to move more production there because of Trump’s trade war, that’s what global companies will do. And that in turn means creating a great deal more opportunities for China to acquire valuable American knowhow that is critical to upgrading China’s technology, helping Made in China 2025 to succeed.

The only way for President Trump to stop China from acquiring American technological knowhow is to bar all Americans traveling to and working in China. This is not going to happen. His trade war is making it more necessary for more American brains with the knowhow that China needs to spend time in China. We are conditioned to think only that leadership is critical for countries to rise and succeed. The fact of the matter is that leadership is equally important for countries to fail and decline. President Trump will be seen in history as a pivotal leader that seriously undermined America in its struggle against China for global economic dominance.

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Education

How to choose which suits you better- online training vs. classroom training

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English is the most well-known decision to contemplate as a second language. Today, in the age of globalization, aspirant who is keen on making a career in top company by sitting in a top position need to know the importance of English language. While thinking about whether to learn English on the web, either by viewing recorded recordings, taking an interest in live exercises or through calls, it’s critical to have all the data ready.

Many aspirants are confused between taking- online training and classroom training. Before you settle on a choice on whether it’s the best strategy for learning for you, examine the upsides and downsides, and a portion of the fantasies while taking English speaking course online.In the age of online learning and internet reaching to wider area, more importantly communication becoming better, taking up online training preferred highly. The advantages associated with English speaking course onlineare as under-

  • Learn from the comfort of your home: –

The best thing about online training compared to offline training is the comfort you get. No drive, no spending extra energy, or arranging time for the same. Just sit at home, either get training on-call or internet.

  • Continuous gaining: –

In case you’re far from home, under any conditions, you don’t have to hold up until you return to keep learning. Your exercises can proceed with regardless of where you are on the planet, guaranteeing continuous learning.

  • Reach to the openly downloadable investigation materials: –

Recordings, sounds, writings, exercise manuals, and introductions all are available online. You likewise have free access to the web, which has an abundance of extra data to peruse, watch, and tune in to. Your guide can point you toward an enormous measure of supportive data, all of which you can get to right away. You cannot get the content online if you go for offline classroom training.

  • Better platform for Learning English: –

For those who wish to get a more personalized learning experience while staying at home, Online courses is a great option. By either talking LIVE with an instructor online or on phone, one gets to learn better and more accurately. One can imitate the instructor as he speaks and practice along with him, and at the same time get corrected as and when required. This is certainly the big advantage of English speaking course online from reputed institute.

  • Development of better Listening Skills:-

A significant method of communication is to go for the development of the interpersonal and listening skills. Through such an online course, one can thus learn how to listen intently, patiently, and carefully to others, thereby improving their overall communication skills while opting for English Speaking Course Online.

  • Practical Implementation of Learning: –

If you are a working professional and want upgrade your English vocab and communication skill, then seeking online training is the best. With the online training you can implement on your job what you learn. Practical session makes you get involved more into the work and find out mistakes you do.

Conclusion: –

Since there is a difference between online and offline English speaking course, you need to decide which fits to your bill. You also need to consider the cost of the training and post-training benefits. The ultimate aim is to get the best out of English speaking course and improve the communication skill.

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Business

Experience The Extraordinary Features Of Best Guest Posting Service

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No doubt, blogging is an appropriate technique for building up an appealing blog. As a business holder, you realize how important is time, in such case is the point at which you begin to focus on the site traffic improvement implies. Aside from that, it likewise becomes an internet business. Most likely you will meet entanglements in your business. There are bunches of significant reasons accessible for utilizing the best guest posting service.

In case you achieve the privilege guest blogging service, at that point, you can ready to deal with an elevated time to concentrate on your business. It helps people in taking their business to additionally level. There are different things will come in the guest blogging process that is perhaps taken care of by experts alone. One of the key preferences for utilizing this service is that it gave peoples a chance to secure unrivaled quality traffic. Consequently reserving guest blogging is a savvy decision. Because of this, there are numerous people put their past minutes in this procedure.

Huge advantages:

Reliability is the most ideal approach to achieve various visitors. It is huge to realize that this service will send just better quality traffic than the site. In case a user visiting your site implies, at that point, it takes a few seconds to turn into a visitor for the service. Most altogether, it brings people a dazzling opportunity to procure many guests at any given moment. In case visitors begin to devour your item by methods for validity, at that point nobody can prevent you from developing.

With regards to guest blogging, it is an amazing method to affect the whole existences of numerous people. Indeed, even you can without much of a stretch break your rivals too. Aside from that, it guarantees that the guests have an amazing memory of your business for quite a while. Obviously, there are a lot of services and after that items are accessible. Numerous people might be really thinking about whether it is reasonable for everybody to impact guests.

Various features:

Among different websites, you must be exceptional in every one of the terms. Truth be told, this particular procedure is utilized by numerous experts to contact unlimited crowds. For that you should render your content in various blogs then you can observer upgrade in the validity and visibility. The general nature of your blog post assumes the most indispensable job in making your business website both significant and furthermore prevalent.

For every one of these focal points, you should book the privilege best guest posting service for your site. By essentially spurring legitimate and elegantly composed articles and blog posts, the webpage represents building up itself as the specialist of a specific subject. When you pick the legitimate service then you will procure every one of these advantages. With regards to look bots, they really love the websites which have just real subtleties to give. Along these lines utilize the guest posting service and meet your focused on gathering of people.

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10 killed in blast outside Lahore’s Data Darbar

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At least 10 people, including five policemen, have been killed in blast outside Lahore’s Data Darbar, confirmed Punjab’s police chief. Another 20 people were injured.  

The blast occurred near a mobile of the Elite Force parked near Gate Number 2 at 8:40am on Wednesday. There were five people in the van — four policemen and one driver. The driver was not in the van at the time of the blast. Other cars nearby were also damaged in the blast.

Punjab IG Arif Nawaz has confirmed that the police were “100%” targeted in the attack. The attacker could have hit another side (of the Data Darbar) but chose to approach the police van stationed there, he told the media outside the shrine. The police are stationed there round the clock as part of routine security, he said. He said a 7kg bomb was used.

Most of the victims were taken Mayo Hospital, where an emergency has been imposed. Nine of the injured are in critical condition. Rescue teams say some passers-by were injured in the blast as well. The police have not confirmed how many policemen were deployed outside Data Darbar.

Related: Watch: Footage emerges of Lahore’s Data Darbar blast

They have sealed the area and are evacuating the shrine. They have begun collecting evidence at the scene. Crime scene teams are at the scene, as is the bomb disposal squad. The police are recording the statements of witnesses and the van’s driver. The driver told SAMAA TV he went to an ATM to withdraw money at the time of the blast.

Chief Minister Usman Buzdar has ordered an investigation into the blast and has cancelled his trip to Sargodha, Bhakkar and Sheikhupura. He was in Bhakkar and is on his way back to Lahore. He has summoned an emergency security meeting.

Prime Minister Imran Khan has taken notice of the incident and called for a report.

The police have not officially confirmed the nature of the blast (whether it was a suicide attack or planted device). The operations DIG has requested people to stop speculating, saying investigations are not based on speculations. Police officials will address a media briefing shortly.

The blast took place around 200 to 300 metres from the actual entrance to the shrine.

CM Buzdar addressed the media outside the Data Darbar at noon and said the death toll has now risen to 10. Twenty people have been injured, he confirmed. An inquiry has been ordered and we will follow the SOPs in the investigation, he said.

He assured that the injured would be provided complete treatment and that compensation would be provided to everyone involved. There was no specific threat here, he said, denying reports that police officials were late to the scene.

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