For China, the original idea behind MIC2025 was simply to catch up with other countries, a tall order even by its own admission. Look no further than the new-generation information technology sector, one of the plan’s 10 target industries. After more than two decades and billions of dollars spent, China has yet to commercialise a […]
In the decade since the collapse of Lehman Brothers and the start of the global financial crisis, the world economy has registered stronger growth than many realize, owing in large part to China. But in the years ahead, global economic imbalances and troubling trends in the business world will continue to pose economic as well […]
China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On Friday, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”. Read Here – South China Morning […]
The standard story about the September 2008 collapse of Lehman Brothers is that it led to a deeper understanding of the risks of financial complexity and free-wheeling capitalism. In fact, the ensuing crises in the US, Europe, and elsewhere were more a product of broader changes in twenty-first-century politics and society. Read Here – Project […]
President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter. Read Here – Bloomberg
The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Read Here – Asia Times
Behind the US’ attack on China’s forced technology transfer policy, intellectual property theft and Made in China 2025 strategic plan, and behind the tit-for-tat tariffs, there lies a fundamental fault line of the trade war: the clash between the Chinese state-dominated economic model and the US-led free-market economy system. Read Here – South China Morning […]
Like countries, academic fashions rise and fall. The current interest in geoeconomics – using economic power and leverage to pursue geopolitical goals – is a classic example of this possibility. It is no coincidence that the rise of geoeconomics mirrors the rise of China. Rather revealingly, no one paid much attention to geoeconomic influence when […]
For many emerging economies, it is imperative to pursue a rebalancing of growth patterns, with a more active approach to managing debt and capital flows and their effects on asset prices, exchange rates, and growth. Otherwise, the dangers of unsustainable growth patterns will bring expansion to an abrupt halt. Read Here – Project Syndicate
It depends very much on which interests, and what time-frame is being considered. In the short run, for example, both sides presumably have an interest in avoiding a full-blown trade war. In the long run, both sides presumably have a shared interest in avoiding a thermonuclear war. Read Here – Foreign Affairs
looking beyond borders 