Is China moving ahead or stalling in economic reforms? That question is often asked by Western observers of the country, and a profoundly wrong one, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® at the Asia Society. He blames his fellow economists for wishful thinking that is not helping to understand China.
Category Archives: Beijing
More than once selling US bonds in the hands of China has been suggested as a powerful tool in the trade war with the US. But selling those treasuries does not make sense, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in the South China Morning Post.
China’s accession into the World Trade Organization (WTO) was hailed as an important step of the now second-largest economy into the global trade community. But those illusions are over, says trade expert Harry Broadman to Gulfnews. “China has forfeited its right to be treated as a WTO market economy.”
Journalist Ian Johnson gained most recently celebrity by his latest book The Souls of China: The Return of Religion After Mao. Last week we got a peek into his research activities showing what immerging into a subject mean for a dedicated journalist like Ian.
June 1 is Children’s Day in China, but for those left behind at the countryside, there is no Childrens’ Day, writes author Zhang Lijia in the South China Morning Post. Earlier she wrote Lotus: A Novel on prostitution in China and is currently working on her next book on left-behind children.
The trade deficit between China and the US is a little bit more complex than simply comparing import and expert, says financial expert Sara Hsu to the CGTN. It starts with American companies making a profit by manufacturing in China and then exporting it to the US. And then goes on. Reducing the trade deficit might not be straightforward.
Nationalism has been a double-edged sword in China’s domestic policy, where the leadership mostly tried to control this natural sentiment among its citizens. But Xi Jinping is clearly taking a different direction when it comes to his foreign policy, tells economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post.
Rumors say China is willing to offer a reduction of its annual trade deficit with the US by US$200 billion. Even if China would be willing to do so, it would almost be “difficult to contemplate.”, says political analyst Victor Shih to Bloomberg.