Month: September 2025

A Good Week for Chinese Innovation

This has been a very good week on the Chinese innovation front. China has not only said “no” to America’s Nvidia bullying tactics, but it also came up with a powerful AI counter response of its own.  And it did so in the context of steady further increases in its...

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Is Trump a State Capitalist?

In this “Big Question” feature of Project Syndicate, five us were asked to address this burning issue: Does Trumponomics represent a rejection of neoliberalism or its natural progression, and how might it reshape the US economy? My response follows, along with brief...

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The Doublespeak of China’s Anti-Involution Campaign

No matter what the Chinese leadership calls it — supply-side structural reform, the excess capacity overhang, dual circulation, or now, anti-involution — the message remains the same: the broad thrust  of all these initiatives aims to bring aggregate supply into...

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China’s Rejuvenation Deficit

An “unstoppable rejuvenation,” proclaimed Chinese President Xi Jinping at the recent meeting of the Shanghai Cooperation Organization. Followed shortly by a massive military parade in Beijing commemorating the end of World War II, there can be no mistaking the...

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