Latest news with #ChinaUSrivalry
New York Times
7 days ago
- Politics
- New York Times
China Really Wants to Attract Talented Scientists. Trump Just Helped.
China was already scoring wins in its rivalry with the United States for scientific talent. It had drawn some of the world's best researchers to its campuses, people decorated with Nobel Prizes, MacArthur 'Genius' grants and seemingly every other academic laurel on offer. Now the Trump administration's policies might soon bolster China's efforts. Under President Trump, the United States is slashing the research funding that helped establish its reputation as the global leader in science and technology. The president is also attacking the country's premier universities, and trying to limit the enrollment of international students. Scientists from China are under particular pressure, as U.S. officials have said that they may pose a national security threat by funneling valuable knowledge to China. Chinese-born scientists have been investigated or even arrested. Last week, the Trump administration said it would work to 'aggressively revoke' the visas of Chinese students in 'critical fields.' As a result, many scholars are looking elsewhere. And Chinese institutions have been quick to try and capitalize. Universities in Hong Kong and Xi'an said they would offer streamlined admission to transfer students from Harvard. An ad from a group with links to the Chinese Academy of Sciences welcomed 'talents who have been dismissed by the U.S. NIH,' or National Institutes of Health. 'The United States is shooting itself in the foot,' said Zhang Xiaoming, an anatomy expert who last year left the Baylor College of Medicine, in Texas, to lead the medical education program at Westlake University, a research university in the tech hub of Hangzhou. Want all of The Times? Subscribe.
South China Morning Post
30-05-2025
- Business
- South China Morning Post
Chinese economist warns that financial sanctions could become new US-China battleground
A prominent Chinese economist has cautioned that financial sanctions and countermeasures could 'become a new battleground' in China-US rivalry, while adding that the chance of Washington launching full-scale financial sanctions against Beijing remained slim. Advertisement Lian Ping, chairman of the China Chief Economists Forum, a government advisory think tank, said that although the odds of full-blown measures remain low, Washington could adopt a strategy of 'first targeting specific Chinese entities, then gradually expanding the scope to eventually push China out of the US dollar system'. His remarks, published on Thursday in a post on the think tank's WeChat social media account, come amid growing concerns that rising China-US tensions – currently centred on trade – could spill over into a financial war. While warning about the potential for such a conflict, Lian said it would be difficult for the US to implement the full-blown financial sanctions some fear Washington may impose on China – such as cutting it off from the Society for Worldwide Interbank Financial Telecommunication (Swift) system or freezing its US dollar assets. 'Sanctioning China within the Swift system would be akin to pulling down one of its main pillars, which would inevitably inflict serious damage on the system itself,' Lian said, citing China's standing as the world's largest trading nation and second-largest investor. Advertisement If the Swift system were to exclude China, countries with trade and investment ties to China would shift to using the Cross-border Interbank Payment System (CIPS) – China's alternative for settlements – which would undermine Swift's importance, he added.
