Today, we talk about the internationalization of the Renminbi. This issue must be well understood because it is intrinsically linked to the trade war between China, the United States and the European Union, the latter not currently involved directly. Mu comment to an article written by Masciandaro on “Il Sole 24 Ore.”
“The recent escalation of tariffs between China and the United States highlights a fundamental question: the World Trade Organization has not been established nor does it have the tools to manage an economy like the Chinese one, which produces half of everything that is consumed in the world. ” My brief comment from “Il Foglio.”
The new tariffs imposed by China on the United States also concern Italy, especially the luxury sector, the manufacturing industry and the agri-food sector.
For this reason, it is important to know which products have been affected and to what extent. The article provides some useful information and data on the recent tariffs.
How much do we really know about China? Beppe Grillo has kindly hosted in his new blog the first part of my documentary on the rural economy in China. The first episode, 10 minutes, deals with the issue of farmers’ income and how it has evolved over these 40 years of reforms.
The Standing Committee of China’s National People’s Congress passed China’s first Environmental Protection Tax Law (EPT Law) on 25 December 2016. The EPT Law has replaced the existing pollutant discharge fee regime with charging pollution tax to regulate environmental pollution in China. Let’s see how it works.
I was invited to CCTV “Dialogue” program to discuss political and economic reforms in China. The topics discussed: the China-USA relationships, the differences between the Chinese and Italian government, and the Chinese program for poverty reduction.