Destructive Decoupling
Policymakers in both the United States and China seem to have fully accepted, and even embraced, the logic of economic decoupling. But what exactly will decoupling entail, and what will its consequences be? Read More Here
Policymakers in both the United States and China seem to have fully accepted, and even embraced, the logic of economic decoupling. But what exactly will decoupling entail, and what will its consequences be? Read More Here
China produces 75% of all lithium-ion batteries used in EVs but Australia controls the world’s largest battery-grade deposits. Read More Here
The centrality of the U.S. dollar in world affairs is mainly determined by economic factors, but geopolitical forces are threatening to weaken its top spot in the currency hierarchy. Read More Here
In 2022, a confluence of shocks reduced economic growth and simultaneously boosted inflation, causing investors to flee to dollar-denominated assets. Now, as fears about inflation and monetary policy begin to abate, the dollar should start to depreciate, adding a bright spot to the global growth outlook. Read More Here
Trade openness increased after the Second World War, but has slowed following the global financial crisis. Read More Here
Beijing and Washington continue to pursue policies that appear aimed more at competition and confrontation than at pursuing avenues for cooperation. Read More Here
China’s tactics are not merely an assortment of cutthroat moves made by individual actors. Rather, they are features of Beijing’s long-term strategy and are backed up by the full force of the country’s party-state system, creating a challenge that Washington cannot afford to ignore. Read More Here
In 2022, global wealth shrank relative to GDP for the first time in decades. Whether this trend continues in 2023 will depend significantly on two factors: the effectiveness of Chinese policy and the strength of international economic cooperation. Read More Here
China’s decision to ease its severe pandemic restrictions, and its subsequent struggle to contain the surge of COVID-19 cases, is expected to dominate news headlines in the near future. But de-escalating US-China tensions and fostering multilateral cooperation are also crucial to solving this century’s most pressing challenges. Read More Here
World’s second-largest economy is expected to have ‘significantly higher’ GDP growth potential than the United States in the coming years, but demographic factors such as its rapidly ageing population could keep China’s potential growth rate below that of its Asian peers such as India and the Philippines. Read More Here