China’s economy is disappointing. Longstanding challenges related to a misallocation of resources and poor governance are at root.
The Comeback of Industrial Policy: Bidenomics and the Global System
Industrial policy is not always wrong and sometimes it is very right. Now is one of those times. Even Adam Smith might agree.
When Politics and Economics Clash
China’s leadership is asserting itself. When politics and economics clash, politics often wins—to the detriment of economics and investing.
The Biden Agenda for US-China Relations
Mutual interest, and survival, rests upon two strategic adversaries understanding one another and acknowledging that their differences are
Hong Kong is the Berlin of the 21st Century
Among the many points of tension and distrust that have become features of the deteriorating state of relations between China and the United
Protests, Violence and America’s Democracy
As in so many other cases, it often takes just one spark to light an eruption of outrage, itself an accumulation of rising levels of economic
Repress Covid, Repress Finance?
The economic crisis unfolding in western economies is the fastest and deepest on record.
Coronavirus Highlights Xi’s Vulnerability
The coronavirus epidemic may be centre-stage for epidemiologists and other health professionals right now, but it is unquestionably also a
The China Geopolitical Story Will Get Worse
Wherever you are in the world, the enduring geopolitical story of our time is the rising tension between China and the West. 2019 will perhaps