Global Impact of the Tech War Between China and USA.

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Global Impact of the Tech War Between China and USA. by : Piumi Kaushalya

Download or read book Global Impact of the Tech War Between China and USA. written by Piumi Kaushalya and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the cold war period, the United States has consolidated its position as world's wealthiest and most powerful nation. China has emerged as the most likely economic successor to the United States. And also China has established itself as a nuclear-capable superpower, with the world's largest military. The rise of china can be as a counter force to the United State. “Thucydides Trap'' describes how to go to war when “ruling power” tends to go to war the “emerging power” threatens to the ruling power. It can be used to study the current technological war between the United States and china.The Trump administration launched a technological war against the china based on different political values, geopolitical motives and its trade rivalries based on global and regional arena. With a focus on the US-China relationship, this research critically examines the concept of the "Thucydides Trap." However, the trap can be avoided with different adjustments from both the United States and China. To avoid the "Thucydides Trap," both countries should expand their economic, political, security, and cultural collaboration.

The China-U.S. Trade War and Future Economic Relations

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Publisher : The Chinese University Press
ISBN 13 : 9882371124
Total Pages : 216 pages
Book Rating : 4.8/5 (823 download)

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Book Synopsis The China-U.S. Trade War and Future Economic Relations by : Lawrence J. Lau

Download or read book The China-U.S. Trade War and Future Economic Relations written by Lawrence J. Lau and published by The Chinese University Press. This book was released on 2018-12-14 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)

The Digital War

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Publisher : John Wiley & Sons
ISBN 13 : 1119748917
Total Pages : 416 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis The Digital War by : Winston Ma

Download or read book The Digital War written by Winston Ma and published by John Wiley & Sons. This book was released on 2021-01-19 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: What new directions in China’s digital economy mean for us all China is the largest homogenous digital market on Earth: unified by language, culture, and mobile payments. Not only a consumer market of unrivaled size, it’s also a vast and hyperactive innovation ecosystem for new technologies. And as China’s digital economy moves from a consumer-focused phase to an enterprise-oriented one, Chinese companies are rushing to capitalize on ways the newer wave of tech—the Internet of Things, AI, blockchain, cloud computing, and data analytics (iABCD)—can unlock value for their businesses from non-traditional angles. In China’s Data Economy, Winston Ma—investment professional, capital markets attorney, adjunct professor of digital economy, and bestselling author—details the profound global implications of this new direction, including how Chinese apps for services such as food delivery expand so quickly they surpass their U.S. models within a couple of years, and how the sheer scale and pace of Chinese innovation might lead to an AI arms race in which China and the U.S. vie aggressively for leadership. How China’s younger netizens participate in their evolving digital economy as consumers, creators, and entrepreneurs Why Online/Office (OMO, Online-merge-with-Offline) integration is viewed as the natural next step on from the O2O (Online-to-Offline) model used in the rest of the world The ways in which traditional Chinese industries such as retail, banking, and insurance are innovating to stay in the game What emerging markets can learn from China as they leapfrog past the personal computer age altogether, diving straight into the mobile-first economy Anyone interested in what’s next for Chinese digital powerhouses—investors, governments, entrepreneurs, international business players—will find this an essential guide to what lies ahead as China’s flexes new digital muscles to create new forms of value and challenge established tech giants across the world.

Global China

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Publisher : Brookings Institution Press
ISBN 13 : 0815739176
Total Pages : 430 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Global China by : Tarun Chhabra

Download or read book Global China written by Tarun Chhabra and published by Brookings Institution Press. This book was released on 2021-06-22 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.

Geopolitics, Supply Chains, and International Relations in East Asia

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Publisher : Cambridge University Press
ISBN 13 : 110883356X
Total Pages : 321 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Geopolitics, Supply Chains, and International Relations in East Asia by : Etel Solingen

Download or read book Geopolitics, Supply Chains, and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.

US-China Tech War

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis US-China Tech War by : Ling S Chen

Download or read book US-China Tech War written by Ling S Chen and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of Chinese tech firms and the U.S.-China technology rivalry has certainly received much attention. Yet thus far, few academic works provide frameworks to systematically capture the influence of such a tech cold war. To fully understand the impact of China's technological development and whether the U.S. response is effective, one has to incorporate perspectives from weaponized interdependence, global value chains and government-business relations. This paper starts with the state-business alliance behind China's joint venture period and the engagement with the global value chain period, when the incentives of the state and firms were often misaligned. Then it proceeds to analyze how the interruption of the global value chain acted as an external shock that reshuffled state-business relations by aligning the incentives of the state and businesses under the structure of a new technology innovation system. It evaluates how such state-business relations, in turn, influence the effectiveness of US policies in the short and long run.

The Great U.S.-China Tech War

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Publisher : Encounter Books
ISBN 13 : 1641771194
Total Pages : 37 pages
Book Rating : 4.6/5 (417 download)

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Book Synopsis The Great U.S.-China Tech War by : Gordon G. Chang

Download or read book The Great U.S.-China Tech War written by Gordon G. Chang and published by Encounter Books. This book was released on 2020-03-31 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States and China are locked in a “cold tech war,” and the winner will end up dominating the twenty-first century. Beijing was not considered a tech contender a decade ago. Now, some call it a leader. America is already behind in critical areas. It is no surprise how Chinese leaders made their regime a tech powerhouse. They first developed and then implemented multiyear plans and projects, adopting a determined, methodical, and disciplined approach. As a result, China’s political leaders and their army of technocrats could soon possess the technologies of tomorrow. America can still catch up. Unfortunately, Americans, focused on other matters, are not meeting the challenges China presents. A whole-of-society mobilization will be necessary for the U.S. to regain what it once had: control of cutting-edge technologies. This is how America got to the moon, and this is the key to winning this century. Americans may not like the fact that they’re once again in a Cold War–type struggle, but they will either adjust to that reality or get left behind.

War with China

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Publisher : Rand Corporation
ISBN 13 : 0833091557
Total Pages : 117 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis War with China by : David C. Gompert

Download or read book War with China written by David C. Gompert and published by Rand Corporation. This book was released on 2016-07-05 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Sino-U.S. war could take various, and unintended, paths. Because intense, reciprocal conventional counterforce attacks could inflict heavy losses and costs on both sides, leaders need options and channels to contain and terminate fighting.

Techno-Geopolitics

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Publisher : Taylor & Francis
ISBN 13 : 1000448797
Total Pages : 126 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Techno-Geopolitics by : Pak Nung Wong

Download or read book Techno-Geopolitics written by Pak Nung Wong and published by Taylor & Francis. This book was released on 2021-09-23 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Techno-Geopolitics explores contemporary U.S.–China relations and the future of global cyber-security through the prisms of geopolitics and financial-technological competition. It puts forward a new conceptual framework for an emerging field of digital statecraft and discusses a range of key issues including the controversies around 5G technology, policy regulations over TikTok and WeChat, the emergence of non-traditional espionage, and potential trends in post-pandemic foreign policy. Analysing the ramifications of the ongoing U.S.–China trade standoff, this book maps the terrain of technological war and the race for global technological leadership and economic supremacy. It shows how China’s technological advancements not only have been the key to its national economic development but also have been the core focus of U.S. intelligence. Further, it draws on U.S.–China counterintelligence cases sourced from the U.S. Department of Justice and Federal Bureau of Investigation (FBI) to explore emerging patterns and techniques of China’s espionage practice. A cutting-edge study on the future of statecraft, this volume will be of great interest to scholars and researchers of international relations, security and intelligence studies, information technology and artificial intelligence and political science, especially U.S. foreign policy and China studies. It will also be of great interest to policymakers, career bureaucrats, security and intelligence practitioners, technology regulators, and professionals working with think tanks and embassies.

CHINA’S RACE TO GLOBAL TECHNOLOGY LEADERSHIP

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Author :
Publisher : Ledizioni
ISBN 13 : 8867059920
Total Pages : 122 pages
Book Rating : 4.8/5 (67 download)

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Book Synopsis CHINA’S RACE TO GLOBAL TECHNOLOGY LEADERSHIP by : AA.VV.

Download or read book CHINA’S RACE TO GLOBAL TECHNOLOGY LEADERSHIP written by AA.VV. and published by Ledizioni. This book was released on 2019-05-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current trade war between the US and China looks like a small piece in a much larger puzzle over world leadership in which China plays the part of the ascending challenger seeking to upset the existing balance of power. Technology and innovation seem to be Beijing’s weapons of choice in its frontal assault on Washington in sectors traditionally led by the US. China is not only acquiring technology. Its ambitions include the regulation of international trade and global governance. Just what a China-led global order would look like is still unclear, but the inherent side-effects of technology need to be meticulously assessed, as they have the potential to alter the core values of modern societies. To what extent will technology facilitate China’s rise?

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Sanctions as War

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Publisher : BRILL
ISBN 13 : 9004501207
Total Pages : 411 pages
Book Rating : 4.0/5 (45 download)

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Book Synopsis Sanctions as War by :

Download or read book Sanctions as War written by and published by BRILL. This book was released on 2021-12-20 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sanctions as War is the first critical analysis of economic sanctions from a global perspective. Featuring case studies from 11 sanctioned countries and theoretical essays, it will be of immediate interest to those interested in understanding how sanctions became the common sense of American foreign policy.

China, the USA and Technological Supremacy in Europe

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Publisher : Routledge
ISBN 13 : 1000428192
Total Pages : 161 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis China, the USA and Technological Supremacy in Europe by : Csaba Moldicz

Download or read book China, the USA and Technological Supremacy in Europe written by Csaba Moldicz and published by Routledge. This book was released on 2021-08-19 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores how technological competition is linked to the geopolitical contest between the US and China, and why Europe and the European Union (EU) have become involved in this competition for technological supremacy. China’s political and economic rise, the concurrent US withdrawal from the region, and the rise of new technologies such as 5G, and AI creates a new and more unstable geopolitical environment in the region. In addition, the EU, far from being a global player, finds it increasingly difficult to play a leading role. The book analyses the nature of the ultimate goal of technological competition between the United States and China and shows how and why did the EU become the centre of this struggle. The author argues that the EU has become the new battlefield of the technological struggle since wealthy societies in the EU make this competition attractive and profitable to both the US and China. By shedding light on the geopolitical motivations of China and the question of whether the US can contain China’s advance in this domain, the book will be of interest to practitioners in the fields of international relations and political science as well as policymakers and analysts employed by diplomatic services, multilateral organizations, and non-governmental organizations.

Schism

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096867
Total Pages : 249 pages
Book Rating : 4.9/5 (28 download)

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Book Synopsis Schism by : Paul Blustein

Download or read book Schism written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-10 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

China's Influence and American Interests

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Publisher : Hoover Press
ISBN 13 : 0817922865
Total Pages : 223 pages
Book Rating : 4.8/5 (179 download)

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Book Synopsis China's Influence and American Interests by : Larry Diamond

Download or read book China's Influence and American Interests written by Larry Diamond and published by Hoover Press. This book was released on 2019-08-01 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Americans are generally aware of China's ambitions as a global economic and military superpower, few understand just how deeply and assertively that country has already sought to influence American society. As the authors of this volume write, it is time for a wake-up call. In documenting the extent of Beijing's expanding influence operations inside the United States, they aim to raise awareness of China's efforts to penetrate and sway a range of American institutions: state and local governments, academic institutions, think tanks, media, and businesses. And they highlight other aspects of the propagandistic “discourse war” waged by the Chinese government and Communist Party leaders that are less expected and more alarming, such as their view of Chinese Americans as members of a worldwide Chinese diaspora that owes undefined allegiance to the so-called Motherland.Featuring ideas and policy proposals from leading China specialists, China's Influence and American Interests argues that a successful future relationship requires a rebalancing toward greater transparency, reciprocity, and fairness. Throughout, the authors also strongly state the importance of avoiding casting aspersions on Chinese and on Chinese Americans, who constitute a vital portion of American society. But if the United States is to fare well in this increasingly adversarial relationship with China, Americans must have a far better sense of that country's ambitions and methods than they do now.

Tech Wars: US-China Technology Competition and What it Means for Australia

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Publisher : United States Studies Centre at the University of Sydney
ISBN 13 : 1742104932
Total Pages : 30 pages
Book Rating : 4.7/5 (421 download)

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Book Synopsis Tech Wars: US-China Technology Competition and What it Means for Australia by : Brendan Thomas-Noone

Download or read book Tech Wars: US-China Technology Competition and What it Means for Australia written by Brendan Thomas-Noone and published by United States Studies Centre at the University of Sydney. This book was released on 2020-06-16 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is now the defining element of the Trump administration’s self-professed “strategic competition” with China. Washington is highly attuned to the long-term consequences and links between scientific progress, technological adaptation and national power in burgeoning US-China competition. Policymakers are attempting to balance efforts to maintain the open and global foundations of US and allied research and development systems, while deterring those that abuse its accessible and integrated nature. While President Donald Trump has been highly inconsistent on technological issues, Congress and the executive branch have slowly moved forward in executing the 2017 National Security Strategy and protecting what it termed the US National Security Innovation Base. Congress and the Trump administration have embarked on a ponderous — and at times heavy-handed — effort to protect America’s technological advantage across multiple domains and through actions by several branches of government. Congress has expanded the powers of the Committee of Foreign Investment to review non-controlling investments in technology companies. New export controls are being rolled out which feature vastly more expansive definitions of “foundational” and “emerging” technologies, broadening their scope and potential reach. The Department of Justice has launched a major criminal justice campaign labelled the “China Initiative”, with the goal of prosecuting technology theft and enforcing existing regulations in every US state. Draft bills indicate the likely expansion of Congressional reform to halting the flow of US government funds flowing to overseas partners also involved in joint high-tech research and development (R&D) with China, affecting third parties like Australia. Australia will be significantly affected by Washington’s unravelling of the US-China technological relationship, owing to its deep enmeshment with America’s scientific infrastructure. To navigate these changes in the national interest, Canberra must consider the following. Australia will face growing pressure to limit its science and technology interaction with China in critical dual-use fields in order to maintain technological collaboration with the United States in some emerging technologies, and may even be required to adopt restrictive export control policies. Australian research by universities, defence industry, business and government agencies will be seriously impacted by the United States’ expanded export control reform. Canberra should continue to lobby US policymakers on solutions, such as providing exemptions under the National Technology and Industrial Base framework. As the global technological ecosystem becomes more nationalised, securitised and difficult to navigate for industry and governments alike, Australia should implement a national research and development strategy that builds its own technological ‘counterweight.’

The Long Game

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Publisher : Oxford University Press
ISBN 13 : 0197527876
Total Pages : 433 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis The Long Game by : Rush Doshi

Download or read book The Long Game written by Rush Doshi and published by Oxford University Press. This book was released on 2021-06-11 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.