I am back in Shanghai for the first time in a few years. Full of character, China’s most cosmopolitan city offers something that the rest of the nation lacks — a vibrant consumer sector. Its per capita disposable income and spending are nearly double that of the rest...
Month: October 2025
America’s Worrisome Exodus of Chinese Talent
Actions have consequences. The combination of a virulent outbreak of Sinophobia and the China targeting of the trade war of Trump 2.0 has unsettled the once tranquil and productive American lives of many leading scientists and researchers of Chinese origin. An exodus...
How Should Chinese Consumers Rebalance?
Structural rebalancing — shifting the sources of economic growth from one sector to another — is a daunting task for any nation. That’s especially the case for China and its deeply entrenched producer-led growth miracle of the past 45 years. However compelling the...
The Math of China’s Consumer-Led Rebalancing
I have long argued that the time has finally come for China to tackle the imperatives of consumer-led rebalancing. The old growth model — led by investment and exports — has been extraordinarily successful in alleviating poverty and raising the overall standard of...