Much is being written these days about China as the next Japan. I have done some of that myself. Even the Chinese have piled on to the Japan comparison. From an economics perspective, there are, indeed, many similarities—from property-market excesses and...
Month: September 2023
China’s Confidence Delusion
There is considerable handwringing over the current malaise of business confidence in China. While there are no hard data that track a precisely calibrated barometer of Chinese business sector sentiment, there is plenty of circumstantial evidence that supports this...
The Phone War
Approximately 6.3 billion people own smartphones, 68% of the world’s population. It is the ultimate consumer appliance—offering interpersonal connectivity, access to the Internet, a platform for a wide range of leisure activities, a revolution in imaging (cameras and...
Diplomacy at the Floor
On November 14, 2022, on the sidelines of the G-20 meeting in Bali, US President Joe Biden and Chinese President Xi Jinping affirmed their mutual desire to put “a floor” under the US-China conflict. That attempt, which was initially derailed by the surveillance...