Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK
Jan 24, 2023
2022 was not a good year for the Chinese economy. In 2022, the COVID-19 epidemic, which started in December 2019, caused significant economic disruptions in the second quarter, especially in Shanghai, resulting in a real rate of growth for the Mainland economy of only 3.0% for the year as a whole. This is the second lowest annual rate since economic reform and opening began in 1978.
Leonardo Dinic, Advisor to the CroAsia Institute
Jan 11, 2023
National security and data risk concerns between the U.S. and China are continuously increasing, potentially leading to a ‘Cold War’ between the two countries.
Sebastian Contin Trillo-Figueroa, Geopolitics Analyst in EU-Asia Relations and AsiaGlobal Fellow, The University of Hong Kong
Jan 03, 2023
The race of geopolitical strategies based on infrastructural development abroad is a part of the new great powers rivalry. The so-called geo-economics contest (Luttwak) is the new global battle, a competition through commerce for getting economic advantages at the intersection of investments and loans, contracts opportunities, conquest of more worldwide market share and improvement of own supply chains, with the declared noble aim of contributing to global development.
Xu Hongcai, Deputy Director, Economic Policy Commission
Dec 29, 2022
Despite a slowing of global economic tailwinds, China is expected to see 4.7 percent growth next year for many reasons, including domestic consumption. Government spending will expand, and private investment will be encouraged. All in all, China will gradually see a return to economic boom times.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Dec 22, 2022
As the internationalization of currencies in emerging economies advances, a multipolar monetary system will result. Look for an international monetary system characterized not by a single currency alone but by multiple players.
James Hinote, Geopolitical Strategist
Dec 17, 2022
Xi Jinping has urged the European Union to not follow the U.S.’ lead in decoupling with China. However, the actions of his government have encouraged exactly this. The EU is starting to move towards a China-plus-one strategy, similar to the U.S., and has begun trading with China in transactional benefits instead of ‘win-win’ trading.
Dan Steinbock, Founder, Difference Group
Dec 17, 2022
Colossal structural shifts are taking place in the global economy, as evidenced by the huge challenges of the ongoing year. In 2023, China is moving toward recovery, but the West will cope with recession and the specter of a debt crisis.
Sourabh Gupta, Senior Fellow, Institute for China-America Studies
Dec 14, 2022
China’s market reforms and economic restrictions have transformed its economy into a more capitalistic state since 1979. What can it do to ensure equality as costs of living rise and income disparity becomes more pronounced?
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Dec 14, 2022
After the Xi-Biden meeting in Bali, attention should turn in earnest to a global vision in which the two countries share a common obligation — supporting globalization and multilateralism — not only to manage differences but also to avoid economic fragmentation.
Zhou Bo, Senior Fellow, Center for International Security and Strategy, Tsinghua University
Dec 14, 2022
China has not taken sides over the Russia-Ukraine conflict for good reason. It is Russia’s strategic partner and Ukraine’s largest trading partner. At the same time, China and the West are not enemies. We must coexist despite our differences.