Professor Lau shares his insights on public debt and corporate debt in relation to the argument that China should reduce its debt in order to avoid a major drag on economic growth.
There have been a myriad of talks about the possibility of war, specifically a trade war and the gains and losses of such a prospect. Would the Trump administration trigger a trade war and what could that entail for the two nations?
Professor Lau discusses his research on the bilateral trade deficit and argues that the current deficit based on U.S. data of $367.4 billion is actually closer to $132.7 billion.
Relations with the U.S. are important and consequential while at the same time complicated. He Yafei explains why a single issue, be it North Korea, Trade or South China Sea, should not hijack the bilateral ties.
For the North Korea issue, He Yafei says the negotiation is "the only way out short of war". Big powers need to be "of one mind" and patient to prevent the issue from turning into a full-fledged crisis.
