Apr 17, 2020

The global recession brought on by the COVID-19 pandemic is almost certain to be far deeper and more protracted than the one that followed the 2008 global financial crisis. While many governments have pledged to bolster their economies with unprecedented monetary and fiscal stimulus – despite holding already-massive public debt – the best they can probably hope for is to stave off economic collapse. If they insist on turning inward – pointing fingers and erecting barriers, instead of upholding international cooperation and economic engagement – even that may become impossible.

Feb 14, 2020

Just five days before the Chinese New Year, the authorities in Beijing finally declared the coronavirus epidemic that originated in Wuhan to be a major public health emergency.

Jan 03, 2020

China’s economic growth is expected to have slowed to just over 6% this year, and it is unlikely to accelerate anytime soon. In fact, economic commentators generally agree that China’s economic performance in 2019 – the worst in nearly 30 years – could be the best for at least a decade. What observers can’t seem to agree on is how worried China should be, or what policymakers can do to improve growth prospects.

Jun 10, 2019

Just when a trade agreement between the United States and China appeared to be in sight, negotiators found themselves back at square one. The immediate reason for the disruption was China’s insistence on a substantially rewritten draft agreement, which, according to US President Donald Trump’s administration, reneges on previously agreed terms. But the root cause of China’s changes to the draft – the reason behind its reluctance to meet US demands – lies in a fundamental miscalculation by the Trump administration.

Apr 03, 2019

For the West, the year 2008 marked the beginning of a difficult period of crisis, recession, and uneven recovery. For China, 2008 was also an important turning point, but one followed by a decade of rapid progress that few could have foreseen.

Dec 03, 2018

China will not go the way of the Soviet Union.

Oct 03, 2018

In attempting to modernize its governance structure, China must reimagine its relationship between its central government and local authorities, despite the risks involved.

Aug 01, 2018

In the West, many economists and observers now portray China as a fierce competitor for global technological supremacy. This is a serious misrepresentation, argues Zhang Jun.

May 29, 2018

China’s response – increasing imports and accelerating domestic structural reforms – will support high-quality long-term growth.

Sep 12, 2017

Over the last decade, China has been working to shift from a manufacturing-led growth model fueled by low-cost labor to an innovation-led, higher-value-added model underpinned by strong productivity gains. Currently, though China is the world’s most populous country and its second-largest economy, and the country’s urbanization rate remains well below the global average.