By blocking Nippon Steel’s $14.9 billion purchase of US Steel, the Biden Administration has turned international economic policy inside out. On this point, the incoming Trump Administration is in rare agreement. Like many conflict-prone moves in recent years, this...
China’s physical engineering prowess is nothing short of extraordinary. From world-class infrastructure and eco-friendly cities to space exploration and high-speed trains, the accomplishments of Chinese engineers as agents of transformation on the supply side of its...
Production has long been the focus of modern China. This dates to the early days of state-directed central planning in the 1950s, when Mao Zedong borrowed heavily from the Stalinist economics template of the former Soviet Union. China’s State Planning Agency was...
In a long overdue move, the US has just updated its restrictions on high-bandwidth memory chips and the foreign direct product rule for semiconductor manufacturing equipment, while also adding another 140 Chinese companies to the Commerce Department’s entity list. As...
SINGAPORE — There is a strong conviction in Asia that the American dealmaker is back. In an eleven-day post-election tour through Hong Kong, Shenzhen, Beijing, and Singapore I found an almost smug optimism that Donald Trump’s campaign threats on tariffs are nothing...
Donald Trump has quickly appointed a who’s who of China bashers to senior positions in his new administration. Subject to Senate approval, so far, the group includes Marco Rubio (State Department), Pete Hegseth (Defense), and Elize Stefanik (United Nations); executive...
And so, the blame game begins. Predictably, it didn’t take long for the second guessers of the hindsight machine to lob grenades at Kamala Harris and the Democrats. The media is hyper-ventilating over what quickly has been dubbed another American seismic political...
The timestamp finally says November—a month that many of us thought would never arrive. The most consequential US presidential election in modern history is now at hand. The pollsters have all but surrendered with a nearly unanimous shrug of “too close to call.” It...
For old-time forecasters like me, there is nothing like the International Monetary Fund’s regular update of its World Economic Outlook (WEO)—it has all the detail, analytics, supporting data, and internal consistency that any of us could ask for. Back in my Wall...
My perspective on the US-China conflict has long been framed in the context of false narratives—stories that are based on a shred of fact that then gets distorted through the lens of political expedience. I have been critical of both the United States and China for...