The dollar is the global centerpiece; even the RMB is pegged to it. Despite everything, few people trust another world currency. The prices for China’s trilemma and its strategies. The Summer Palace Yiheyuan in Beijing was completed by the last empress, Ci Xi, shortly before the dynasty’s end, a little over a hundred years ago. […]
The global market: conquer it, banish it, or integrate it. Modern times impose an unprecedented trilemma on China. Beijing may want to fudge it, but there is no way around it. The Chinese Communist Party, like the Holy See, meets challenges from a broad conceptual standpoint. Currently, its currency is not fully convertible, whereas all […]
Internationally, it’s fine; domestically, less so. As issues mount, Beijing should use this lull to address them, or they’ll become impossible. Unless the world goes to hell in the next couple of years. The forthcoming summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, is no G2. They won’t try to divide […]
Zhu Rongji, born on October 23, 1928, died on August 12, 2026. He was a premier and a great modernizer of China’s financial system. Yet his legacy seems to have faded. No passing might be untimely. Premier Zhu Rongji was the man who reformed the financial system and pushed for China to join the WTO […]
Beijing may be facing a confusing short circuit in its economic and political calculations that could seriously harm China over the next few years. A huge and growing trade surplus seems to be the main obstacle driving China toward friction and conflict with much of the world. It is thus crucial for China to oppose […]
China’s production is in a tough spot, but it won’t collapse, and possibly not even change. The impact is unevenly spread, and Beijing is quite happy with it. After the real estate sector, the auto sector, the largest industry in the country and the world, shows signs of an impending collapse. Meanwhile, the European Chamber […]
A forty-year bond of trust between entrepreneurs and the government, the backbone of China’s meteoric rise, is in jeopardy because of short-term mistakes and long-term neglect. Some Chinese are apparently voting with their feet or lack of activity against what they don’t like. It fuels and is also fueled by growing foreign mistrust of China.[1] It […]
