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.
Andrew Sheng, Distinguished Fellow at the Asia Global Institute at the University of Hong Kong
Xiao Geng, Director of Institute of Policy and Practice at Shenzhen Finance Institute, Chinese University of Hong Kong
Dec 04, 2022
In 2020, Sebastian Mallaby of the Council on Foreign Relations announced the beginning of the “age of magic money,” in which advanced economies would “redefine the outer limits of their monetary and fiscal power.” By July 2022, Mallaby was predicting that this age was coming to an end. But, while most major central banks are now reversing quantitative easing (QE) and raising interest rates, China may need to head in the opposite direction.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Nov 09, 2022
Impacts of the United States’ ban of semiconductor exports to China have yet to be fully understood. Beijing must scramble to discover new ways to access the most critical supply chain.
Leonardo Dinic, Advisor to the CroAsia Institute
Nov 09, 2022
News headlines described the Biden administration’s latest semiconductor-focused sanctions on China as sheer annihilation, which could ‘decapitate’ the overall semiconductor industry.
Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK
Nov 04, 2022
We are living in a very different world. Shifting macroeconomic trends including diversification and second sourcing because of de-globalization and de-coupling have significant implications for the global economy. The strategic competition between the United States and China and other major geopolitical developments will fundamentally shape the world we live in.