Author: Peter Yang

Economic Goal of China – The Strive to Be Greater

Ever since China opened its door to the western world a few decades ago, they have been adapting, evolving, and growing in power, militarily and economically. China’s National Congress of the Communist Party held an assembly which they do twice per decade to address economic, social, and political changes and trends in China, with this year’s meeting concentrating on President Xi Jinping’s desire to increase China’s global impact. Xi began the assembly with a more than 3-hour long speech entitled “Secure a decisive victory in building a moderately prosperous society in all respects and strive for the great success...

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China South Sea Dispute

We frequently hear news about the China South Sea disputes, which may result in military action from both the U.S. and China. Disputes are still ongoing. We will explore the back story of the dispute, and how it may disrupt shipping lanes. What is the story behind the China South Sea disputes? China is claiming majority of the China South Sea, based on an old 1947 map of theirs, which encompassed the majority of the sea area with 9 dash lines. With this, they claimed sovereignty over the region to do what they see fit. This region is rich...

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Automation – A Threat To a Healthy World Economy

Humans versus the machine has been an ongoing fight for centuries – and we are on the losing end. With every advancement in technology, the threat of replacing humans always lurks around the corner. Machines have always been able do a better task at a higher capacity, with higher efficiency, than humans can. Automation is great for companies’ bottom lines, but we are treading a thin line in that it can have an adverse effect on the world economy. The world economy is an ecosystem rooted in a cycle of capitalism, which requires consumer spending to survive. Automation helps...

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Global Warming and Its Effect on the Shipping Industry

According to the majority consensus within the scientific community, it is widely known the Earth is warming up faster than in previous years, having record temperatures year after year due its high greenhouse gas emissions from human activities. A record-level low of sea ice has been seen in the Arctic over the past few months. It worries scientists – and the general public should be worried, too, since arctic animals such as polar bears are estimated to decline by at least 30% by the year 2050. We can reduce human activities that lead to climate change, beginning with reducing greenhouse gas emissions. Global...

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Impacts of Withdrawal from the Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP), negotiated under former U.S. President Barack Obama, is a multinational pact between Australia, Japan, Mexico, Canada, New Zealand, Peru, Chile, Peru, Malaysia, Singapore, Vietnam and Brunei. Though the TPP was never passed by U.S. Congress, President Donald Trump has signed an executive order to officially withdraw the United States out of the Trans-Pacific Partnership, as he had pledged to do during his campaign. Withdrawal from the TPP is seen as a win for most labor groups, because they believe withdrawal would help alleviate the loss of manufacturing jobs and lower wages in our nation. The labor...

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