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...
Month: September 2025
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...
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...
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...