A default of the US is highly unlikely, even in the current chaotic political setting in the United States, says leading China economist Arthur Kroeber, but today the risks for China are much higher than during the 2008-2009 crisis. A crisis would not offer an opportunity to build an international financial system around the Renminbi, next to the US dollar, he adds in the ChinaFile.Read More →
China veteran Ian Johnson, senior fellow for China studies at the Council on Foreign Relations think-tank, discusses at Channel News Asia how different China might treat much-discussed political issues like Taiwan after the visit of US House speaker Pelosi and possible new tracks in economic directions. The recent shift of focus towards the private sector as a key part of China’s economic growth strategy is more of a “tactical adjustment” instead of a change in the leadership’s thinking, said Mr. Johnson.Read More →
A tech war is raging between China and the US, but financial analyst and innovation expert Winston Ma sees enough synergy between both countries to allow investments in tech to go forward, he tells at the Ben Grahan IX annual conference.Read More →
U.S. Secretary of State Antony Blinken gave last week his grand speech on the US-China strategy. It was not only one year delayed, but also offered no new policies, says CFR scholar Ian Johnson in a first analysis at the website of the Council on Foreign Relations.Read More →
Leading China economist Arthur Kroeber discusses the basis of the country’s economic growth and its relations with the US, at a panel of the Brown China Summit. Kroeber “explained that China’s alignment with Russia is an effort to erode the current U.S. global order in order to create more space for the two countries.”Read More →
In the ongoing war in Ukraine, China’s biggest fear is Russia becoming a democracy, says political analyst Victor Shih at a panel of the Brown China Summit. But “rationally, I agree that China would not intervene in any way,” says Shih.Read More →
China’s rich have become one of the major casualties at the 2022 Hurun Rich List, including Tencent’s CEO Ma Huateng, who lost 52 billion US dollars from last year’s listing, although China’s billionaires still top the list. Hurun chief researcher Rupert Hoogewerf gives an overview of the damage to the VOA.Read More →
China added last year 75 billionaires in US dollar terms, the 2022 Hurun rich list noted this week, according to the Global Times. “China now has more than 1,100 billion-dollar entrepreneurs, 60 percent more than the US, which also exceeds the combined number of the US, India and the UK,” Hoogewerf said. Read More →
CFR-scholar and China expert Ian Johnson discusses the relations between China and Russia as the Russian invasion of Ukraine unfolds further at the Washington Journal of C-Span.Read More →
The world has been utterly confused by China’s attitude to Russia and the war in Ukraine. One thing is sure, says China analyst Ian Johnson in an opinion piece for CNN, we should not expect China to solve the war in Ukraine. “Becoming involved in foreigners’ disputes makes no sense. Better to stay out of the fray, see who is likely to win, and then cut deals,” Ian Johnson says.Read More →
Russia’s invasion of Ukraine has raised multiple questions on China’s relationship with Russia, Taiwan, and the USA. CFR-scholar Ian Johnson looks at the CFR-blog at a wide range of the international fallout of recent affairs. And can and will China bail out Putin from the economic and financial sanctions?Read More →
The sanctions put on Russia because of the Ukraine crisis by the US and its allies might move Russian trade to China, says Harry Broadman, a former US trade negotiator, and World Bank official, to Reuters.Read More →