Politics Of A Slowing China: Project Syndicate

The recent financial turmoil in China, with interbank loan rates spiking to double digits within days, provides further confirmation that the world’s second-largest economy is headed for a hard landing. Fueled by massive credit growth (equivalent to 30% of GDP from 2008 to 2012), the Chinese economy has taken on a level of financial leverage […]

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Inverse Dilemmas

(China and the United States) have a deeper intractable challenge that will, in the longer-term, get worse. What’s interesting is that they’re the inverse of each other: in the U.S., wealth and private sector interests capture the political system. In China, politicians capture the private sector and the wealth that comes with it. Read Here […]

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Please Think Small

As the United States seeks to navigate China’s rise, analysts have suggested several grand swaps between Washington and Beijing — sweeping deals, either tacit or explicit, in which the U.S. would back away from one of its long-standing Asian commitments in exchange for Chinese assistance on a separate matter of strategic importance. Read Here – […]

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In China It’s About Debt, Not Liquidity

The problem is that China does not really have a liquidity crisis; it has a debt crisis, and the debt crisis is the result of a slowdown in the economy. Despite claims from China’s National Bureau of Statistics that the economy is growing 7.7 percent, growth is more like 3 to 4 percent. And if […]

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China’s Xi Educates Party Leaders In Basics

President Xi Jinping has asked senior Party leaders to play a leading role in improving governance, reaching out to the people and exercising frugality. Xi, the top Party leader, made the remarks during a four-day meeting attended by members of the Political Bureau, the Party’s top organ. Read Here – China Daily

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