China

The Nobel laureate economist discusses how an activist government is needed to tackle problems like climate change

Unregulated, speculative lending markets nearly brought down the global financial system 10 years ago. Now, Western banks are exporting this failed model to the developing world.

Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets

Frank Dikötter explores previously classified Chinese leadership documents, and attempts to set the record straight.

The removal of term limits for Xi Jinping may be a better indicator of economic health—or crisis—than official statistics

China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.

The 2008 financial crisis was a shock to faith in entirely free financial markets. But the neoliberal assumptions underlying the previously dominant “Washington Consensus” continue to inform much Western commentary on China’s economy.

The Implications of Xi’s Belt and Road Initiative for China and the World Economy

A trade war would undoubtedly hurt both sides. But there is reason to believe that the US has more to lose. If nothing else, the Chinese seem to know precisely which weapons they have available to them. China could stop purchasing US aircraft, impose an embargo.

Beijing’s leaders face a critical dilemma over a credit boom that imperils China’s prospects for a smooth transition to a sustainable economic path

The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers.

The current bout of exchange rate anxiety is really just a symptom of the fact that China’s transition from an export-led growth strategy to one propelled by domestic consumption is proceeding far less smoothly than hoped.

With the RMB in the SDR, careful progression in China could balance the international monetary system.

There is a deeper story to be told about the inclusion of the Renminbi.