Only one money for China

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 […]

Goodbye, Comrade Zhu

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 […]

Blowing up the World?

Blowing up the World China, Trump, the Straits, and migration are tearing the world apart. We need a different way of looking at things. China is developing its own ‘independent’ view. The blockade of the Strait of Hormuz is not an isolated episode but the latest in a series of blows to the global trade […]

Is Xi Jinping Right?

The April US-China summit is suddenly in question. Beijing wants to talk politics rather than trade and believes it has the upper hand. And there is a bigger calculation The April summit between US President Donald Trump and Chinese President Xi Jinping may never occur. Beijing has warned that US arms sales to Taiwan (the […]

Commerce and Darkness

After the PLA purges and on the eve of the 2027 Party Congress, a trade deal is much more than tariffs for China and the US. It is the heart of politics. During the war with Ukraine, Russia discovered that its oil supply to Europe is a two-way street: your essential product goes out, and […]

Trump-Xi Tepid Summit

The meeting with Putin was canceled; will the one with Xi be the same? The conference is de facto scheduled during Cold War II. Expectations can’t be high, but it would be a significant achievement to limit escalations. The summit between American President Donald Trump and his Chinese counterpart Xi Jinping could be a meeting […]

Algorithmical Theology

There is more to the US-China TikTok dispute than meets the eye. It’s the future role of IPR and modernity. The agreement reached by the US and China for the sale of the Chinese platform TikTok is a landmark. The Chinese will retain a 20% share ownership, and with that, the algorithm, which is foundational […]