Global 

Singapore minister says US-China trade war could develop into ‘clash of civilisations’

Mistrust between China and the United States is unlikely to be repaired in the short term and might turn the ongoing trade tensions into “a clash of civilisations”, according to Singapore’s senior minister of state for trade, industry and education.Chee Hong Tat, having seen the rhetoric between China and the US intensify after the Trump administration increased tariffs at the start of May and threatened further duties, believes time and patience will be required to see an improved… Source link

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Stores close early, security heightened in Central as Hong Kong protesters clash with police

Dozens of retail stores closed their doors and some office workers were given the option to go home early in the Central area of Hong Kong Island as protesters blocked roads and clashed with police over a proposed extradition law on Wednesday.Security was also visibly heightened outside the offices of many financial companies after police fired tear gas to disperse protesters who surrounded Hong Kong’s legislative offices, evoking memories of the Occupy Central movement nearly five years ago… Source link

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US hawks’ talk of a clash of civilisations is rooted in an intolerance of differences

I may have worked much of my life as a journalist but, by vocation, I have always seen myself as an anthropologist. As an 18-year-old working-class Christian kid, I was sent to Peshawar, Pakistan, as a teacher with Britain’s Voluntary Service Overseas. My world was turned upside down. I discovered that Islam provided ordinary Pakistanis with a framework by which to understand the imponderables of life, setting rules very similar to Christianity’s Ten Commandments that enabled crowded… Source link

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Huawei founder Ren Zhengfei says clash with the US was “inevitable”

Huawei Technologies founder Ren Zhengfei said he foresaw the clash with the US government, saying it was a matter of time before the Chinese telecommunications equipment maker threatened US interests and attracted retaliation.“We sacrificed (the interests of) individuals and families for the sake of an ideal, to stand at the top of the world,” Ren Zhengfei, founder and CEO of Huawei, said in interview with Chinese state media on Tuesday. “For this ideal, there will be conflict with the United… Source link

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Ecommerce 

Clash of the retail titans: Here’s why shopping on China’s Singles’ Day and US Black Friday differ so much

China’s voracious appetite for online shopping is perhaps best shown by the billions of dollars spent online in minutes on Singles’ Day. But the Black Friday shopping frenzy in the US plays out very differently, with consumers elbowing each other and even getting into fights in their attempts to grab heavily discounted flat-screen televisions or Xbox gaming consoles in stores like Walmart. How the world’s two best-known shopping events play out highlights not just the sheer spending power of Chinese shoppers and general consumer sentiment amid growing economic uncertainty in…

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China ride-hailing giant Didi weighs foray into hotel-booking business in potential clash with Meituan, Ctrip

Didi Chuxing, China’s largest ride-hailing platform, is considering a foray into the hotel-booking business that would potentially set it up for another head-on fight with market leaders Meituan Dianping and Ctrip, according to people familiar with the matter. Beijing-based Didi’s exploration of the business is at an early stage, the people said, asking not to be named as the discussions are private. The plan, which was first reported by Chinese financial media outlet Caijing over the weekend, follows a US$500 million investment it received from Booking Holdings, owner of online…

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China 

US-China trade war is really a clash of civilisations and ideologies

The conflict between China and the United States is a competition between two different civilisations and value systems. While the trade imbalance between the two countries continues to make headlines, it actually means little to either. For China, the role of net export contribution to economic growth has been negative in most years since 2008. For the US, a trade deficit is inevitable when it consumes 30 per cent of the world’s products but produces only 13 per cent. Both Washington and Beijing must know this: the dispute is about…

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