Everything concerning Chinese economy. Chinese’s economy has an important impact on world economy.
The spread of cryptos and their new uses alongside the traditional US dollar creates new challenges for the global system as debt and inflation mount. The evolution of money is intertwined with that of human beings and, in particular, with their economy, serving as a language that records the good and bad moments of its […]
As oil prices skyrocket amid new wars in Iran and Yemen, a Chinese scholar reconsiders the history of the petrodollar and what could change today. That could be crucial for China. ## I. Before Nixon severed the dollar’s link to gold on August 15, 1971, global oil prices (including in Saudi Arabia) had already been […]
A Book review, Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000-2000 by Avner Greif, Guido Tabellini, Joel Mokyr The book offers a truly convincing answer to an enigma that has troubled me for at least 30 years. That is, China is not deaf or blind; it’s not that it hadn’t heard or seen the Western […]
The twin controversies about the northern island and the FED could undermine the dollar and cast a shadow on the April summit with China. There is no formal link between the two. Yet they are connected in time – the crisis over Greenland, the island that US President Donald Trump wants for America, and the […]
It’s a battle for the hearts and minds of the rich. Will they believe in the old metallic foundation of money – gold — or the modern underpinning of currency — credit, and thus, after the Protestant Reformation, in God? The US dollar bears the inscription “In God We Trust.” It’s a matter of faith. […]
Stable-currency could further divide the USA and China, with one country embracing it and the other rejecting it. The two are re-engineering themselves in different directions. Who will be right? American stable currency, based on crypto, promises to change the US and the world with it. Yet China is very cautious. It’s not just money; […]
General Introduction for China’s Re-globalization: A Petrodollar Trilogy[1] In early 1979, Chinese leader Deng Xiaoping during a flight to the United States argued that countries establishing good relations with the US generally achieved economic development. In 1978, Vice Premier Gu Mu led a delegation to five Western European countries, including West Germany; the same year, […]
