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The Honorable Kevin M. Rudd: China’s economic recovery is tied to how others fare in global recession, Australia’s ex-prime minister says - 18th Apr
China’s economic recovery from the coronavirus pandemic will partly depend on how other countries fare in the global recession and the impact on the demand for Chinese goods, former Australia Prime Minister Kevin Rudd said on Friday. The synchronous nature … Continued
2020 will be the worst year since the Great Depression with COVID-19 set to wipe an extraordinary $14 trillion off the global economy. The International Monetary Fund says the Great Coronavirus Lockdown will see economies shrink dramatically in more than … Continued
In chaos theory, the butterfly effect describes a small change that can have massive, unpredictable consequences. An insect flaps its wings and, weeks later, causes a tornado. The coronavirus is more like an earthquake, with aftershocks that will permanently reshape … Continued
SAGE Speaker Yukon Huang talks about US-China trade truce after the recent G20 meeting. He mentions that “the US-China impasse comes from much deeper differences in perceptions”.
Earlier this month, President Donald Trump tweeted that he had a “long and very good conversation” with President Xi Jinping over the phone. However Trump’s positive rhetoric contrasts sharply with the current reality of the U.S.-China relationship. In the midst of increasingly competitive and near-confrontational relations, it is important to remain clear-eyed about the difficulties that the U.S. and China face going forward.
The concern about Chinese economic policy and practices is serious and real but the question is how you deal with it. Unilateral trade enforcement mechanisms are not going to do it. You need systemic tools that shape the economic environment around China in order to reshape their incentives.
The challenge we face today is different from what we faced yesterday. In the New Era, no country can solve these challenges alone, so new coordination and cooperation are needed. We should help each other.
The private wealth products are now thoroughly embedded in the heart of China’s financial system and play a key role in rolling over non-performing debt. Investors believe they will be paid regardless of whether the investment performs or not. If investors can lose their money, they will stop funding these sorts of assets. Is China willing to accept what that means?
Review of Yukon Huang’s new book: “Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong”. - 1st Nov
Yukon Huang’s new book offers a breath of fresh air in an environment of fake news and media-driven distortions. The author offers fact-based analysis and goes to bat against all extremes, both Chinese optimists and economic pessimists, in an attempt to illustrate the true picture of China’s economic and political situation.
A ChinaFile Conversation Donald J. Trump, president-elect of the United States, spent much of his antagonistic campaign blaming China for many of America’s economic ills, and repeatedly making thinly veiled threats of a U.S. trade war with Beijing. How should … Continued