Month: July 2026

Can a Nation Be a Producer Without a Consumer?

How long can it last? That always seems to be the most salient question about China. Decades of unprecedented 10% economic growth. A political system under authoritarian communist control since 1949. Environmental degradation, corruption, and income inequality tearing...

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From Hong Kong to Xiānggǎng

Hong Kong deserves great credit for fighting back. In the nearly two and a half years since I expressed the seemingly audacious opinion in the Financial Times that Hong Kong may be over, the city’s supporters have orchestrated a determined campaign to prove me wrong....

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