The Big Ideas

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'Are you tired of losing yet, America?'

As I write this, Taliban forces have entered Kabul and are reportedly occupying the Presidential Palace.

CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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'China Signals More Regulation for Businesses in Coming Years'

‘The State Council’s statement provides a guiding context to interpret current regulatory thrusts. The blueprint as an attempt by Chinese authorities to help investors understand the motives behind the regulatory push.’

Bloomberg

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George Soros

'Xi’s Dictatorship Threatens the Chinese State'

‘Mr. Xi is determined to bring the creators of wealth under the control of the one-party state.’

The Wall Street Journal

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George Soros
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Don't Say Xi Jinping Didn't Warn You

‘Global investors are shocked to have discovered that China is run by Communists.’

CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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Matthew Brooker | Bloomberg

‘Global investors shocked to have discovered that China is run by Communists.’

‘Global investors are shocked to have discovered that China is run by Communists.’

Bloomberg

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Matthew Brooker | Bloomberg
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'Shocked Investors Scour Xi’s Old Speeches to Find Next Target'

‘While China’s policy moves can feel ad hoc particularly to foreign investors, the changes are quite targeted on certain sectors.’

Bloomberg

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Greg Ip | The Wall Street Journal

'China Wants Manufacturing—Not the Internet—to Lead the Economy'

‘Social media, e-commerce and other consumer internet companies are nice to have. But in his view national greatness doesn’t depend on having the world’s finest group chats or ride-sharing.’

The Wall Street Journal

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Greg Ip | The Wall Street Journal
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'China Plans to Exempt H.K. IPOs From Cybersecurity Reviews'

‘China plans to exempt companies going public in Hong Kong from first seeking the approval of the country’s cybersecurity regulator, removing one hurdle for businesses that list in the Asian financial hub instead of the U.S.’

Bloomberg

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The Editorial Board | The Wall Street Journal

'Biden’s Warning on Hong Kong'

‘The pretense of Chinese and Hong Kong authorities is that their crackdown on the rule of law and dissent will have no effect on Hong Kong’s viability as an international center for trade and finance.’

The Wall Street Journal

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The Editorial Board | The Wall Street Journal
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Why the U.S. Lacks Leverage over China

During the celebration of the Chinese Communist Party’s Centennial celebration, Mr. Xi stood in the same place on the balcony facing Tiananmen Square where Mao Zedong stood when he announced the founding of the PRC; Mr. Xi wore a gray Mao suit, among a sea of blue western suits; and he centered himself right above the portrait of Mao, who is similarly attired.

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CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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Kurt Tong | Asia Group

Hong Kong and the Limits of Decoupling

‘The United States’ inability to make China regret—much less reverse—its transgressions in Hong Kong suggests that financial separation, sanctions, and economic barriers are less reliable tools than many in Washington believe.’

Foreign Affairs

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Kurt Tong | Asia Group
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'I will aim for Mao's Status.'

‘There on the gate was Xi Jinping, Chinese president and party general secretary, in a gray Mao suit. Just below his feet was the portrait of Mao Zedong, also dressed in a gray Mao suit.’

Nikkei Asia

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'US warns companies of risk of doing business in Hong Kong'

“In the face of Beijing’s decisions over the past year that have stifled the democratic aspirations of people in Hong Kong, we are taking action,” said Antony Blinken, US secretary of state. “Today we send a clear message that the US resolutely stands with Hong Kongers.”

Financial Times

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The Chinese Point of View

Here are a few of my thoughts on the importance of Wang Jisi’s ‘The Plot Against China.’ Yuen Yuen Ang’s ‘The Evolution of Chinese Corruption’ speaks for itself - but note especially how Mr. Xi's anti-corruption campaign could hurt China's economy. I have now lived long enough that when a friend complains about his or her spouse, I say to myself, ‘There are no doubt two sides to this story.’

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CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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Wang Jisi | President of the Institute of International and Strategic Studies at Peking University

'How Beijing Sees U.S.-China Relations'

‘In Chinese eyes, the most significant threat to China’s sovereignty and national security has long been U.S. interference in its internal affairs aimed at changing the country’s political system and undermining the CCP.’

Foreign Affairs

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Wang Jisi | President of the Institute of International and Strategic Studies at Peking University
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China's Gilded Age: The Paradox of Economic Boom and Vast Corruption
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Yuen Yuen Ang
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University of Michigan
Yuen Yuen Ang | University of Michigan

'How Corruption Powers China's Economy'

‘China has managed to sustain four decades of economic growth despite levels of corruption that even Xi has described as “grave” and “shocking.” Why does it seem to have bucked the trend?’

Foreign Affairs

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Yuen Yuen Ang | University of Michigan
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From Rebel to Ruler: One Hundred Years of the Chinese Communist Party
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Tony Saich
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Professor, Harvard Kennedy School of Government
Ed Steinfeld | Brown University

'From Rebel to Ruler': Tony Saich on Chinese Communism at 100

‘At so many points during its century-long existence, the CCP appeared to be in its death throes, whether as a result of external attack or self-inflicted internal strife.’

Harvard Magazine

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Ed Steinfeld | Brown University
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European Chamber in China: 'Business Confidence Survey'

A mere 9% of European companies are considering moving any current or planned investment out of China, the lowest level on record. Instead, companies are strengthening their positions in JVs, onshoring supply chains and increasing spending to secure market share. The ambition not only to stay but also to expand their China footprint is more than justcapital flooding in due to optimism about growth. Companies are taking action to secure their operations in China and mitigate exposure to geopolitical trends in order to have a better chance of navigating a future that looks to be fraught with risk, at least in the near- to medium-term.

The European Union Chamber of Commerce in China

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Mike Spence | NYU & Nobel Laureate in Economics

'How China & America Should Compete'

‘China and the West urgently need a new framework for understanding the state of the world and their place in it. Such a framework must recognize, first and foremost, that properly regulated economic competition is not a zero-sum game.’

Project Syndicate

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Mike Spence | NYU & Nobel Laureate in Economics
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Ian Buruma

'Jimmy Lai & the Death of Free Speech in Hong Kong'

Jimmy Lai’s tabloid, the Apple Daily, with its peculiar blend of scandal, gossip, and serious political reporting, was Hong Kong’s indispensable voice of free speech. Now that voice has been silenced, and Lai is in prison with others who tried to protect the right of Hong Kong’s citizens to speak and write freely, to be ruled by law, and to vote for their own autonomous government. Their politics are diverse Yet they stand together. When freedom is under siege, people cannot afford the narcissism of small differences that is tearing apart liberal politics in countries where people think democracy can be taken for granted.

Project Syndicate

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Ian Buruma
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Jörg Wuttke | President of the EU Chamber of Commerce in China

'European Companies in China: Between Decoupling and Onshoring'

‘Instead of leaving the market, European companies are exploring ways to separate their China operations from their global ones.’ ‘Following the Covid-19 outbreak, European companies in China spent the first few months of 2020 solemnly appraising their investment strategies.’

the market NZZ

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Jörg Wuttke | President of the EU Chamber of Commerce in China
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Scott Kennedy | Center for Strategic & International Studies

'Congress on China: Then and Now'

‘With the Senate voting on June 8, 2021, to adopt the United States Innovation and Competitiveness Act, it is safe to say that this is the most comprehensive action by Congress on China policy EVER.’ ‘The language of the United States Innovation and Competitiveness Act is about a long-term competition with China as opposed to war with an enemy.’

Center for Strategic & International Studies (CSIS)

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Scott Kennedy | Center for Strategic & International Studies
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'Apple Daily closed, but press freedom stays in Hong Kong'

‘Freedom of the press is a good thing. The West's freedom of speech must be consistent with national interests and public security.’

Global Times

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The End of 'Apple Daily' - and Freedom of the Press in Hong Kong

Through arrests and freezing of assets, Beijing has forced the closing of Hong Kong’s last pro-democracy newspaper, the Apple Daily.

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'Hong Kong’s Apple Daily newspaper folds under government pressure'

Apple Daily was much more than a newspaper. To its fans, it was a defender of freedoms. To its foes, it was the defiler of national sovereignty.’

South China Morning Post (SCMP)

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'China steps up crackdown on bitcoin mining industry'

‘China’s latest intervention places further pressure on what was once one of the world’s most vibrant markets for trading and mining digital currencies.’ ‘It comes at a time when many governments are scrutinising the industry’s effect on the environment and determining the types of financial oversight that should be applied to cryptocurrencies.’

Financial Times

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Bitcoin’s growing energy problem: ‘It’s a dirty currency'

“Bitcoin alone consumes as much electricity as a medium-sized European country.”

Financial Times

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Mike Bird | The Wall Street Journal

'Meet the New Chinese Economy, Same as the Old Chinese Economy'

If a recovery led by investment in real estate and industrial production, with consumption lagging behind, sounds familiar, it may be because the same could be said of the makeup of China’s growth before Covid-19.’

The Wall Street Journal

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Mike Bird | The Wall Street Journal
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James T. Areddy | The Wall Street Journal

'Back-to-Back Rebukes of China Mark a Turning Point'

‘The one-two punch of public criticism smacks directly into Mr. Xi’s assertion that China won’t stand for lecturing by other nations, suggesting anxiety in key capitals is prompting governments to seek alignment with the U.S. over attempting to manage the relationship with Beijing on their own.’

The Wall Street Journal

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James T. Areddy | The Wall Street Journal
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Keith Bradsher | The New York Times

Part 1 | 'Is China exporting inflation?'

‘Beijing is moving swiftly to protect its factories and workplaces from rising costs.’ ‘Still, rising prices in China, by far the world’s biggest manufacturer and exporter, could be felt around the world.’

The New York Times

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Keith Bradsher | The New York Times
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Keith Bradsher | The New York Times

Part 2 | 'Is China exporting inflation?'

“Is China exporting inflation? In renminbi terms, it’s not so obvious. But in U.S. dollar terms, it starts to get more sizable.” ’

The New York Times

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Keith Bradsher | The New York Times
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Bernie Sanders | United States Senator

Bernie Sanders: 'Don’t Start a New Cold War With China'

‘The pendulum of conventional wisdom in Washington has now swung from being far too optimistic about the opportunities presented by unfettered trade with China to being far too hawkish about the threats posed by the richer, stronger, more authoritarian China that has been one result of that increased trade.’

Foreign Affairs

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Bernie Sanders | United States Senator
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The Poem that Cost Billions

The billion dollar losses that came from quoting an 1,100-year-old poem, toWhy foreign companies in China have Stockholm Syndrome

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CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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'A 1,100-Year-Old Poem Cost Meituan’s Outspoken CEO US $2.5 Billions'

‘On Monday, because of an 1,100-year old poem about events 2,200 years ago posted by the founder of food delivery giant Meituan, investors panicked, and sank the company’s market cap by $15.6 billion. And Meituan CEO Wang Xing, who posted the poem, lost $2.5 billion of his wealth.’

Bloomberg

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Hannah Reale

'The Housing Bubble That Just Won’t Pop'

‘China’s cities are plagued by a diverging trend: high demand and exorbitant prices for residential properties in tier 1 cities and yet an oversupply in smaller, lower-tiered cities.’

The Wire China

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Hannah Reale
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Jamil Anderlini | Financial Times

'Western companies in China succumb to Stockholm syndrome'

‘Senator Marco Rubio of Florida has a point when he calls Delta Air Lines “the height of hypocrisy” for opposing voter legislation in the US state of Georgia while partnering with a government he accuses of being “actively engaged in genocide” in Xinjiang.’

Financial Times

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Jamil Anderlini | Financial Times
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Tobias Harris | Center for American Progress

'The Surprising Strength of Chinese-Japanese Ties'

At their summit in April, ‘after years of veiled messaging Japanese Prime Minister Yoshihide Suga U.S. President Joe Biden, ‘formally acknowledged that they are working together to deter China’s military power in Asia and compete with China economically.’

Foreign Affairs

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Tobias Harris | Center for American Progress
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'How Will the Digital Renminbi Change China?'

‘China's new digital renminbi by itself will not help the currency to challenge the US dollar’s global dominance.’ ‘Its true significance instead lies in its potential to shift the competitive balance of power between the country’s technology giants and traditional banks.’

Project Syndicate

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Shang-Jin Wei
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Professor, Columbia University & former Chief Economist, Asian Development Bank

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'Fanning the Flames of War'

I recently received an email from a former U.S. ambassador and influential senior foreign policy expert taking me to task for publishing so many hawkish posts about U.S. policy toward China in the ‘China Macro Reporter.’ These are, he said, ‘in some ways fanning the flames of a potential war. Please back down, at least a bit.’ ‘This is not the Malcolm I remember or know,’ he ended.

CHINADebate

CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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Kishore Mahbubani | National University of Singapore & author of 'Has China Won?'

‘A trend for hostility toward China, inflamed under Trump, is a recipe for American failure’

‘A trend for hostility toward China, inflamed under Trump, is a recipe for American failure.’ ‘Hostility toward China, much of it misinformed historically and strategically, has deepened in the United States in recent years, with a consensus hardening among both Republicans and Democrats that China is at root an adversary that must be thwarted.’ ‘Four years under President Donald Trump have enlarged and inflamed that trend, but it is a recipe for American failure.’ ‘The Joe Biden administration needs to seriously rethink Washington’s approach to Beijing.’

Global Asia

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Kishore Mahbubani | National University of Singapore & author of 'Has China Won?'
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Gita Gopinath | Economic Counsellor & Director of the Research Department, IMF

'World Economic Outlook, April 2021: Managing Divergent Recoveries'

‘The upgrades in global growth for 2021 and 2022 are mainly due to upgrades for advanced economies, particularly to a sizeable upgrade for the United States (1.3 percentage points) that is expected to grow at 6.4 percent this year.

IMF

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Gita Gopinath | Economic Counsellor & Director of the Research Department, IMF
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Susan Shirk | UC San Diego

'China Inside Out: A Conversation with Susan Shirk & Tony Saich'

‘The centralization of power, quite predictably, leads to this kind of echo chamber effect, which is really quite dangerous. And it's something that we should be factoring in when we think about how to deal with China now.’

Harvard Kennedy School

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Susan Shirk | UC San Diego
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Tony Saich
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Professor, Harvard Kennedy School of Government

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Scott Malcomson | Strategic Insight Group and Futuremap

'The New Age of Autarky'

‘The United States, China, and India are each now engaged in what seems like a paradoxical enterprise: the quest to increase their global status while also turning inward to become more self-sufficient.’

Foreign Affairs

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Scott Malcomson | Strategic Insight Group and Futuremap
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Editorial

'Xinhua News Agency on the "Strategic Competition Act of 2021" in the U.S.' | 新华社评美“2021年战略竞争法案”

‘The bill is full of Cold War mentality and ideological prejudice, wantonly misinterpreting, slandering and discrediting China's development strategy and domestic and foreign policies, and grossly interfering in China's internal affairs.’

Xinhua News Agency

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Editorial
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Garry Shih

'Xi at the Climate Summit: Domestic Obstacles to Carbon Neutrality'

‘Xi’s reticence at the summit could be driven by domestic considerations. He needs to balance divergent interests between domestic industrial groups and international expectations, the need to show China’s green image and also not be seen as caving to U.S. diplomatic pressure.’

The Washington Post

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Garry Shih
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Bethany Allen-Ebrahimian

'A new era of bipartisanship on China in Congress?

‘The Strategic Competition Act codifies a bipartisan U.S. position on a range of China-related issues and telegraphs to U.S. allies the federal government is unified.’

AXIOS

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Bethany Allen-Ebrahimian
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'Threat of Chinese sanctions tests Japan's resolve on Taiwan'

"We advise Japan to stay away from the Taiwan question. The deeper it is embroiled in, the bigger the price it will pay." Communist Party-backed Global Times' editorial.

Nikkei Asian Review

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'Beijing won total control of Hong Kong. Now, the "brainwashing" begins.'

April 15 was not a normal Thursday in Hong Kong. That occasion, the first “National Security Education Day” since China imposed a tough security law in June, was the most visible display of Hong Kong’s fall from a relatively free, boisterous territory to an ­Orwellian place that resembles the repressive mainland.’

The Washington Post

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'Xi calls for new world order (again)'

‘We must not let the rules set by one or a few countries be imposed on others, or allow unilateralism pursued by certain countries [read America] to set the pace for the whole world.’

Financial Times

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Wang Wenbin | Ministry of Foreign Affairs

‘The US-Japan Joint Statement grossly interferes in China's domestic affairs'

‘The US-Japan Joint Leaders' Statement grossly interferes in China's domestic affairs and severely violates basic norms governing international relations. China deplores and rejects it.’

Ministry of Foreign Affairs, PRC

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Wang Wenbin | Ministry of Foreign Affairs
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'Taiwan in US-Japan statement: show of resolve or diplomatic calculus?'

"The statement shunned more specific language like 'defend Taiwan' to avoid unnecessarily provoking China."

Nikkei Asian Review

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Jerry Cohen

'Margaret Ng's Statement at Conclusion of Today's Trial'

‘There is no right so precious to the people of Hong Kong as the freedom of expression and the freedom of peaceful assembly.’

Jerry's Blog

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Jerry Cohen
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'Is growth in China soaring or slowing?: The answer depends on how you calculate growth'

‘It was China’s fastest growth on record, underlining the strength of its recovery. Yet it also illustrates the oddities in how GDP is reported.’

The Economist

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Larry M. Wortzel & Kate Selley

'Breaking China’s Stranglehold on the U.S. Rare Earth Elements Supply Chain'

‘China’s control of the supply of usable, refined rare earth elements undermines U.S. security and that of its allies.’

American Foreign Policy Council

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Larry M. Wortzel & Kate Selley
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'Hong Kong Newspaper Tycoon Jimmy Lai Jailed Over Role in Peaceful Protests'

“The wrongful prosecution, conviction and sentencing of these activists underlines the Hong Kong government’s intention to eliminate all political opposition in the city,”

The Wall Street Journal | The New York Times | The Guardian

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'China’s economy springs back from pandemic hit with record growth'

“The headline year-on-year data really doesn’t tell us the story of how the economy has performed in the first quarter . . . in fact that performance was a bit disappointing. The silver lining is that March was better than the first two months.”

Financial Times

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U.S.-Japan Joint Leaders’ Statement: “U.S. - JAPAN GLOBAL PARTNERSHIP FOR A NEW ERA”

‘President Biden and Prime Minister Suga exchanged views on the impact of China’s actions on peace and prosperity in the Indo-Pacific region and the world, and shared their concerns over Chinese activities that are inconsistent with the international rules-based order, including the use of economic and other forms of coercion.’

The White House

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'TSMC faces pressure to choose a side in US-China tech war'

‘Taiwan Semiconductor Manufacturing Company (TSMC) has maintained its historic position of neutrality, reflected in the company’s strategy of “being everyone’s foundry”.’

Financial Times

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'Biden’s Afghanistan Withdrawal Is a Blow for China'

‘President Joe Biden’s decision to withdraw U.S. and NATO troops from Afghanistan at the end of summer is likely to confound Chinese calculations, both economic and geopolitical.’

Bloomberg

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'2021 Annual Threat Assessment of the U.S. Intelligence Community'

‘China increasingly is a near-peer competitor, challenging the United States in multiple arenas—especially economically, militarily, and technologically—and is pushing to change global norms.’

Office of the Director of National Intelligence

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Jamie Diamon | JPMorgan Chase

China in Jamie Dimon's Letter to Shareholders

‘China does not have a straight road to becoming the dominant economic power’.

JPMorgan Chase: Annual Report 2020 | Chairman & CEO Letter to Shareholders

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Jamie Diamon | JPMorgan Chase
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Rana Foroohar | Financial Times

'Why manufacturing matters to economic superpowers'

‘Whether such reshoring matters for national economies depends very much on the industry.’

Financial Times

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Rana Foroohar | Financial Times
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'Alibaba’s rivals on alert after China’s regulators hand out record fine'

“Everyone with a clear mind won't self-regulate, you just pretend that you do. Who will pay for the loss if you lost your competitive advantage because you self-regulated and others didn't?”

Financial Times

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Wu Qiuyu & Lin Lili

Alibaba: 'Promote the healthy and sustainable development of the platform economy'

‘From the perspective of the long-term and healthy development of the platform economy, regulation by law and support for development are not contradictory, but are complementary and mutually reinforcing.'

The People’s Daily

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Wu Qiuyu & Lin Lili
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'Buy American!': Pushing U.S. Companies to Onshore Supply Chains

The debate about how to deal with China commercially ‘has moved in two directions: running faster—improving our innovation capabilities in critical technologies to better compete with China—and slowing China down by restricting its access to U.S. technology.’

Center for Strategic & International Studies (CSIS)

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Bill Reinsch
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Senior Adviser and Scholl Chair in International Business

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'Train Wreck: Ultimately companies have to choose.’

MUST READ: Bill Reinsch succinctly but brilliantly summarizes the situations in China and the U.S. and between the two.

Center for Strategic & International Studies

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Bill Reinsch
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Senior Adviser and Scholl Chair in International Business

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Michael Mazza

'Why Defending Taiwan is in the U.S. National Interest'

‘As long as Washington assesses that American security is best served by defending forward—an approach that has served the United States well over the past 70 years—Taiwan’s de facto independence will remain a key US interest and driver of American policy in Asia.’

Journal of Indo-Pacific Affairs | U.S. Air Force

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Michael Mazza
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'Why China Is Going All "Wolf Warrior," All the Time'

‘All this is to say that, living in Beijing as I do, I think the current approach is predictable and consistent with everything else we are seeing in China in the New Era.’

CHINADebate

CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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Steven Lee Myers & Jason Gutierrez | The New York Times

'With Swarms of Ships, Beijing Tightens Its Grip on South China Sea'

‘Not long ago, China asserted its claims on the South China Sea by building and fortifying artificial islands in waters also claimed by Vietnam, the Philippines and Malaysia.’

The New York Times

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Steven Lee Myers & Jason Gutierrez | The New York Times
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'US to make it easier for diplomats to meet Taiwanese officials'

'Plan to loosen restrictions on contacts with Taipei threatens to provoke China.'

Financial Times

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USTR | '2021 National Trade Estimate Report on FOREIGN TRADE BARRIERS'

‘Made in China 2025 seeks to build up Chinese companies in the ten targeted, strategic sectors at the expense of, and to the detriment of, foreign industries and their technologies through a multi-step process over ten years.’

United States Trade Representative

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'Japan’s Suga to Be the First Foreign Leader to Meet With Biden'

‘Japan walks a narrow line as it seeks to maintain close ties with its only military ally, the U.S., while avoiding damage to economic ties with its biggest trade partner, China.

Bloomberg

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Oriana Maestro | Stanford University

'China’s Dangerous Double Game in North Korea'

‘Beijing’s North Korea policy is primarily motivated by a desire to counter U.S. power in the Asia-Pacific region and increase Chinese influence on the Korean Peninsula.

Foreign Affairs

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Oriana Maestro | Stanford University
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'Genesis Celebrates Launch In China With Dazzling, World Record-breaking Drone Show Over Shanghai's Iconic Skyline'

'The spectacular visuals were coordinated to present the world of Genesis, delivering an audacious storytelling concept while also breaking the Guinness World Records for "The Most Unmanned Aerial Vehicles (UAVs) airborne simultaneously".’

Genesis | Hyundai

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The Editorial Board

'Convicted in Hong Kong'

‘Everyone in the former British colony understands the message being sent from Hong Kong’s new masters in Beijing:’

The Wall Street Journal

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The Editorial Board
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Emily Parker | CoinDesk

'U.S. dollar at risk as China races ahead on digital yuan'

‘So why should America care about any of this?’

Politico

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Emily Parker | CoinDesk
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Hua Chunying | Foreign Ministry spokeswoman

PRC Foreign Ministry Response to the USTR's 'National Trade Estimate Report'

‘The accusations and slanders made by the US against China's industrial policies are groundless.’

Ministry of Foreign Affairs, PRC

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Hua Chunying | Foreign Ministry spokeswoman
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James K. Galbraith | University of Texas at Austin

'China Is Missing from the Great Inflation Debate'

‘Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies.’

Project Syndicate

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James K. Galbraith | University of Texas at Austin
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'Biden administration maintains Trump policy on Hong Kong'

'State department concludes territory should not receive preferential treatment under US law.'

Financial Times

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'An Alliance of Autocracies? China Wants to Lead a New World Order.'

‘The world is increasingly dividing into distinct if not purely ideological camps, with both China and the United States hoping to lure supporters.’

The New York Times

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'Global Cycle Notes: U-Turn': China

‘A U-shaped recovery in the services sector beckons, but it’s still difficult to describe just what it will look like. No event in economic history compares, and the range of outcomes for wages, prices, employment, and financial markets is large.’

CreditSuisse

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World Economic Forum & Shanghai Advanced Institute of Finance

‘At a Crossroads: The Next Chapter for FinTech in China’

‘As financial innovation has gained traction and the firms driving it have grown into sizeable players, the dynamic between innovators and regulators has begun to shift. Regulatory agencies have started to be more proactive in supervising the activities of technology firms after realizing that the size of many technology firms and FinTechs means they could threaten financial stability and peace in society if their innovation efforts and business practices were overly aggressive.’

World Economic Forum

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World Economic Forum & Shanghai Advanced Institute of Finance
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China is not just shackling Hong Kong, it is remaking it

After the National People’s Congress, ‘election reform’ in Hong Kong, the dustup between the U.S. and China in Anchorage, and China’s going all ‘Wolf Warrior’ on the EU, that’s not such a bad thing.

CHINADebate

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Malcolm Riddell
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Founder of CHINADebate

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'The Illiberal Tide'

But even more problematic is that the reporting on any given action by another country may look so benign to the non-Chinese reader that he or she dismisses it as something China, even when it reacts forcefully, couldn’t be serious about. That is a mistake. Too often what looks ‘benign’ to the rest of the world is as serious as a train wreck to Xi Jinping.

Foreign Affairs

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Thomas J. Christensen | Columbia University

'There Will Not Be a New Cold War' Thomas Christensen

‘China’s vital position in the global production chain and the lack of struggle for ideological supremacy between authoritarianism and liberal democracy mean that the rise of a new Cold War is unlikely.’

Foreign Affairs

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Thomas J. Christensen | Columbia University
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Niall Ferguson | Stanford University

'A Taiwan Crisis May End the American Empire' Niall Ferguson

‘No matter what other issues Kissinger raised — Vietnam, Korea, the Soviets — Zhou steered the conversation back to Taiwan, “the only question between us two.” ’

Bloomberg

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Niall Ferguson | Stanford University
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'After the protests - China is not just shackling Hong Kong, it is remaking it'

‘The old Hong Kong is gone. Judge Mr Xi’s China by what it builds in its place.’

The Economist

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National People's Congress
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'Understanding China’s 2021 Defense Budget'

'Like previous years, the first day of the new National People’s Congress session was highlighted by the widely anticipated announcement of China’s 2021 defense budget. This year it is set at 1.36 trillion yuan ($209.16 billion), a 6.8 percent increase from the 1.27 trillion yuan budget set last year.’

Center for Strategic and International Studies (CSIS)

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National People's Congress
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'China All but Ends Hong Kong Democracy With "Patriots Only" Rule'

‘The National People’s Congress on Thursday approved a drastic overhaul of election rules for Hong Kong that would most likely bar many pro-democracy politicians from competing in elections, cementing Beijing’s grip over the territory.'

The Wall Street Journal & The New York Times

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National People's Congress
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'The five-year plan's big target - A confident China seeks to insulate itself from the world'

The National People’s Congress concluded on Friday, March 11. As I’ve mentioned before, analyses of the impact of the plans and policies on China and the world will start to come out in a week or two. In the meantime and to keep you immediately informed, today’s issue covers the NPC’s outcomes more generally, beginning with a full summary from The Economist.

The Economist

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Paul Mozur & Steven Lee Myers | The New York Times
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Xi’s Gambit: China Plans for a World Without American Technology

‘China’s new five-year plan, made public on Friday, at the National People’s Congress (NPC), called tech development a matter of national security, not just economic development, a break from the previous plan.’

The New York Times

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Paul Mozur & Steven Lee Myers | The New York Times
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Steven Lee Myers | The New York Times

‘Enter the Trump Buddha'

“Trump, the Buddha of Knowing of the Western Paradise.”

The New York Times

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Steven Lee Myers | The New York Times
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Hu Xijin | Editor-in-Chief, Global Times

'Hard lesson for HK opposition: Extreme political confrontation is not in the designs of China'

'The radical forces in Hong Kong thought they were strong!’

Global Times

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Hu Xijin | Editor-in-Chief, Global Times
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'Why Biden Should Ditch Trump’s China Tariffs'

‘President Joe Biden has to decide whether to rescind his predecessor’s China tariffs.’

Project Syndicate

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Shang-Jin Wei
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Professor, Columbia University & former Chief Economist, Asian Development Bank

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Raymond Zhong | The New York Times

'China Turns to Elon Musk as Technology Dreams Sour'

‘China is having its techlash moment. The country’s internet giants, once celebrated as engines of economic vitality, are now scorned for exploiting user data, abusing workers and squelching innovation. Jack Ma, co-founder of the e-commerce titan Alibaba, is a fallen idol, with his companies under government scrutiny for the ways they have secured their grip over the world’s second-largest economy.’

The New York Times

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Raymond Zhong | The New York Times
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Brahma Chellaney | Centre for Policy Research, New Delhi

'Beijing replicates its South China Sea tactics in the Himalayas'

‘Emboldened by its cost-free expansion in the South China Sea, Chinese President Xi Jinping’s regime has stepped up efforts to replicate that model in the Himalayas.'

The Strategist | Australian Strategic Policy Institute

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Brahma Chellaney | Centre for Policy Research, New Delhi
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Vivian Wang & David Leonhardt | The New York Times

'China Crackdown on Hong Kong'

‘The scale of the protests really shook Beijing. All the previous protest movements had lasted a few months, at most. This time, there was huge support, and it wasn’t dying down on its own.’

The New York Times

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Vivian Wang & David Leonhardt | The New York Times
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Yuen Yuen Ang | University of Michigan

'Neither China nor the US fits neatly into any one box’ Yuen Yuen Ang

‘Binary narratives lie behind the common misconception that China’s economic success has vindicated autocracy. (The simplistic logic is that if China is not a democracy, it must be an autocracy, and when it prospers, that prosperity must be because of its autocracy). For liberal democracies, this raises the fear that the “China model” poses an ideological challenge to democracy.’

Project Syndicate

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Yuen Yuen Ang | University of Michigan
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With growth on track, China starts to unwind stimulus

‘China was the first country to open its lending and spending taps in the face of the coronavirus downturn. Now, it is the first to start to close them, giving others a partial preview at the National People’s Congressof what the end of stimulus will look like. The most notable aspect is its gradualism.’

The Economist

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Malcolm Riddell
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CHINADebate

The Taliban: 'China's Perfect Partner'?

Breaking through the blow-by-blow reporting that started when the Taliban began its sweep to victory are the geopolitical analyses of who gains and who loses in Afghanistan.
8/28/2021

CHINADebate

Malcolm Riddell
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CHINADebate

'Are you tired of losing yet, America?'

As I write this, Taliban forces have entered Kabul and are reportedly occupying the Presidential Palace.
8/15/2021

Bloomberg

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'China Signals More Regulation for Businesses in Coming Years'

‘The State Council’s statement provides a guiding context to interpret current regulatory thrusts. The blueprint as an attempt by Chinese authorities to help investors understand the motives behind the regulatory push.’
8/15/2021

The Wall Street Journal

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George Soros
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George Soros

'Xi’s Dictatorship Threatens the Chinese State'

‘Mr. Xi is determined to bring the creators of wealth under the control of the one-party state.’
8/15/2021

CHINADebate

Malcolm Riddell
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CHINADebate

Don't Say Xi Jinping Didn't Warn You

‘Global investors are shocked to have discovered that China is run by Communists.’
8/5/2021

Bloomberg

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Matthew Brooker | Bloomberg
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Matthew Brooker | Bloomberg

‘Global investors shocked to have discovered that China is run by Communists.’

‘Global investors are shocked to have discovered that China is run by Communists.’
8/5/2021

Bloomberg

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'Shocked Investors Scour Xi’s Old Speeches to Find Next Target'

‘While China’s policy moves can feel ad hoc particularly to foreign investors, the changes are quite targeted on certain sectors.’
8/5/2021