In a country that regularly censors opposing viewpoints, Chinese President Xi Jinping’s push for “common prosperity” has triggered something unusual: A spirited public policy debate. Read More Here
Growing tension with India and the West has further pushed Sri Lanka into China’s embrace. Gotabaya Rajapaksa’s government increasingly sees a friend in China who can bring much needed foreign exchange to Colombo. Since the pandemic struck in 2020, Beijing has provided crucial and timely economic and health aid support. China provided over US $2 billion […]
For members of China’s red aristocracy, the problem isn’t billionaires—it’s billionaires they’re not related to. The new rich of the 1980s onward often scrabbled to build connections to powerful families, like the relatives of Gen. Ye Jianying, for exactly this reason. Read More Here
The Chinese economy continued to lose steam in July as key economic data for the start of the third quarter fell short of expectations, although not all economists have leapt to trim their full-year growth forecasts, with some saying there is still room for further monetary easing. Read More Here
Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. But, in truth, with the rise of private cross-border capital flows, a system […]
Some say that issuance of central bank digital currencies will transform the international monetary status quo by eroding the US dollar’s dominance of cross-border payments and greatly reducing transaction costs. But this is not going to happen. Read More Here
The Chinese population census, released last May, revealed that China’s demographic situation is already quite worrying. Population growth over the previous decade is the slowest in Chinese history. The share of the population aged sixty years or over rose to nearly one-fifth of the total population. Read More Here
The past decade was marked by a series of high-profile social protests—the Arab Spring, Black Lives Matter, the Gilets Jaunes, and Occupy Wall Street, to name just a few. Yet while there has been a lot of soul-searching about their causes and consequences, and even though many commentators have pointed their fingers at economic forces, […]
The way ordinary Americans think about trade is very different from the way economists and policy wonks think about it. Most people do not have accurate knowledge of how trade affects them personally: they do not support trade if they stand to gain from it or oppose it because it will hurt them economically. Read More Here
The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. IMF’s latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. Read More Here
looking beyond borders 