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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 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.