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Updated by Malcolm Riddell on Oct 07, 2019
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China Library

China property: Building concerns

China’s property market is a microcosm of China’s debt problem, with mega developers potentially becoming ‘too big to fail’. While returns have been strong and selective opportunities can still be found, investor caution is deepening as the authorities tackle systemic weakness.

Judy Asks: Is China Devouring Europe?

Carnegie Endowment for International Peace

March 28, 2019


A selection of experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.A selection of experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world.

Falling Female Labor Force Participation in China and India

Federal Reserve Bank of San Francisco

March 28, 2019


In most countries, women’s participation in the labor force has steadily improved over the past several decades. However, in the world’s two most populous economies—China and India—female labor force participation rates have been declining. This blog takes a close look at factors underlying this development, the potential impacts on economic performance, and public policy options that can help slow or reverse the trend.

Huawei and the battle to build the 5G backbone

American Enterprise Institute (AEI)

March 28, 2019


Podcast (38m 21s)

Does allowing Huawei to build Europe’s 5G network pose a threat to international security? And to what lengths should the US go to help Huawei’s European competitors? On this episode, AEI’s Claude Barfield discusses the race to build the world’s 5G backbone and how the Trump administration should police Chinese intellectual property theft.

Establishing an Asia-Pacific Cryptocurrency Hub

Asia Global Online | University of Hong Kong

March 28, 2019


Asia is leading the way in digital asset markets, but individual countries are taking markedly different paths toward regulation and management in establishing themselves as cryptocurrency hubs, balancing innovation and regulation. Investors should be vigilant about the risks associated with alternative capital-raising methods.

Director’s Cut: China’s place in the global trading system

Brussels European and Global Economic Laboratory (Bruegel)

March 28, 2019


Podcast (36m 3s)

In this Director’s Cut of ‘The Sound of Economics’, Guntram Wolff talks to Bruegel senior fellow André Sapir about his upcoming paper on the WTO reform, specifically what is necessary in order for the Chinese economic system to be compatible with the global multilateral trading system.

China has recently been atop the European policy agenda, especially with President Xi’s recent visits to Rome and Paris ahead of the EU-China Summit in April. The discussants here walk us through the main challenges in the EU’s quest to position itself vis-à-vis China, including the issues of forced technology transfers and the behaviour of Chinese state-owned enterprises.

How China can avoid a trade war with the US

Financial Times (FT) [$]

March 27, 2019


How should China respond to Donald Trump’s aggressive trade policy? The answer is: strategically. It needs to manage a rising tide of US hostility.

Of the events in Washington last week, the appointment of John Bolton as the US president’s principal adviser on national security may well be more momentous than the announcement of a “section 301” trade action against China. Nevertheless, the plan to impose 25 per cent tariffs on $60bn of (as yet, unspecified) Chinese exports to the US shows the aggression of Mr Trump’s trade agenda. The proposed tariffs are just one of several actions aimed at China’s technology-related policies. These include a case against China at the World Trade Organization and a plan to impose new restrictions on its investments in US technology companies.

Efforts to quell U.S. doubts over China's reform and opening-up

CGTN

March 27, 2019

Steve Orlins | President of the National Committee on U.S.-China Relations


Video (9m 48s)

The Chinese government has announced a number of new reform and opening-up measures to investors and businesses from all over the world. Steve Orlins, president of the National Committee on U.S.-China Relations, told World Insight that those messages are strong. But it is vital that the U.S. is on board with the momentum. It is also extremely crucial that those policies are carried out well.

U.S. soul searching needed to fix trade tensions, says Yale scholar

CGTN

March 27, 2019

Stephen S. Roach | Yale University & former Chairman of Morgan Stanley Asia and the firm's chief economist


Video (18m 37s)

Meet Stephen Roach, a senior fellow at Yale University's Jackson Institute for Global Affairs. He does not hide his views on critical issues besetting U.S.-China relations. In Tian Wei's most recent interview with him, Roach argued that the U.S. must handle its trade deficit not by picking fights with others, but by cultivating more equal opportunities from within.

Nobel laureate on dangers of geopolitics defining China-U.S. ties

CGTN

March 27, 2019

Joseph Stiglitz | Nobel Prize-winning economist, Columbia University


Video (11m 10s)

Columbia University Professor Joseph Stiglitz, the Nobel Prize-winning economist, has been frequenting China over the past decade both as an observer and an advocate for the strong connections of the two economies. However, as he sees it, it is dangerous for all to let geopolitics define this relationship.

Keyu Jin: What The World Can Learn From Chinese Innovation

WIRED UK

March 27, 2019

Keyu Jin | London School of Economics


Video (16m 37s)

The world once looked down on Chinese tech – seeing it as a copycat ecosystem. That was once true; but while the world sneered, China was catching up: China now has the fastest supercomputer in the world, a digital payments market 50 per cent larger than that of the US, and the biggest issuer of new international patents. Seven of the top ten unicorns are Chinese.

Accounting for Urban China’s Rising Income Inequality: The Roles of the Labor Market, Human Capital, and Marriage Mar...

Vox China

March 27, 2019


China has witnessed persistent increases in economic inequality since the early 1990s when the urban labor market began its transformation — from centrally-controlled to market-driven. Using the Urban Household Survey data, this paper (Feng and Tang, 2018) documents the trends in income inequality over the period of 1992-2009 and decomposes changes in income inequality by considering three main factors: the labor market, human capital, and marriage market. We find that labor market factors account for approximately three-quarters of the overall increases in income inequality while the falling marriage rate has contributed the other quarter. Changes in human capital levels and marital assortativeness have not contributed to the rising inequality.

Helping the United States by helping Taiwan

Heritage Foundation

March 27, 2019


I’ve visited Taiwan more than 120 times over the past 47 years, and every time I do, I’m impressed by its economic achievements and dynamism.

Taiwan’s economy is a model for Asia and beyond. Over the past 25 years, it has weathered several regional and global economic downturns. Yet it has emerged from these crises as competitive as ever. Today it’s the world’s 10th freest economy, having recorded its highest score ever in the 2019 Index of Economic Freedom.

Takeaways from Xi Jinping’s visit to France and Italy and ideas for the EU-China summit

Brussels European and Global Economic Laboratory (Bruegel)

March 27, 2019


The author appraises China's strategy towards Europe ahead of next month's EU-China summit.

Only a few days before Chinese premier Li Keqiang’s official visit to Brussels for the EU-China summit on April 9th, President Xi Jinping has conducted his second trip to southern Europe in only five months. Such a keen interest in southern Europe is hard to understand, especially if one considers that high-level Chinese officials are busy negotiating with the US to reach a deal to halt the trade war.

Europe Must Unite on China | by Guy Verhofstadt

Project Syndicate [$]

March 27, 2019


The Italian government's decision to endorse China's 'Belt and Road Initiative' is antithetical to European and Italian interests alike, and plays directly into Chinese President Xi Jinping's hands. While the European Union should pursue a closer relationship with China, it must do so as a single bloc – and thus on a co-equal footing.

China’s Belt and Road Gets a Win in Italy

Council on Foreign Relations (CFR)

March 27, 2019


Chinese President Xi Jinping’s signature project, the Belt and Road Initiative, got a boost when Italy became the first major European country to join. What was behind Italy’s decision and what might it mean for allies in the United States and the EU?

The true trade deficit, and China

American Enterprise Institute (AEI)

March 27, 2019


What does the $622 billion US trade deficit mean for the Administration's goal of shrinking the trade deficit between the United States and China?

No Middle-Income Trap for China | by Stephen S. Roach

Project Syndicate [$]

March 27, 2019


The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But there is good reason to believe that the real story is not the slowdown, but the shift in Chinese output from quantity to quality.

An Inside Look at China

Council on Foreign Relations (CFR)

March 27, 2019

Speakers:
Bonnie S. Glaser | Center for Strategic and International Studies (CSIS)
Sherman E. Katz | Center for the Study of the Presidency and Congress
Michael Pillsbury | Hudson Institute


Video (1h 1m)

Panelists examine China's role in the world, its ongoing trade conflict with the United States, and President Xi Jinping's political and economic agendas.

Time for NATO to Talk About China

Carnegie Endowment for International Peace

March 26, 2019


The alliance’s reflex is to shy away from political discussions. This doesn’t bode well when it comes to even thinking about developing a shared strategic outlook toward China.

Two Innovation Dragons: China and India

Asia Society

March 20, 2019


Video (1h 35m)

While China has been caught in a trade war with the United States involving intellectual property and technology transfer, India has been making dramatic improvements to its own IP environment. What opportunities and lessons do China and India offer each other and the United States in high-tech, biotech, intellectual property, and other areas? Panelists Dr. Kirti Gupta of Qualcomm, Inc., Dr. Amit Kapoor of the India Council on Competitiveness, Hemal Shah of the Global Innovation Policy Center U.S. Chamber of Commerce, Dr. Kenneth Fong of Kenson Ventures, LLC., and Mark Cohen of the Berkeley Center for Law and Technology Asian IP Project discuss.

Discussing US and China trade relations

American Enterprise Institute (AEI)

March 26, 2019


Video (2m 5s)

Resident Scholar Claude Barfield discusses trade relations between the US and China.

US-China: Who is bigger and when

American Enterprise Institute (AEI)

March 26, 2019


Report (8-page)

When will China pass the US in economic size? The near-universal belief that the People’s Republic of China (PRC) has already passed or is soon to pass the US in size1 has multiple distinct flaws. These range from the gross—Chinese government statistics are unreliable—to the subtle—none of the ways economic size is measured are especially reliable.

Obviously, the policies of the two countries matter, especially whether China ever returns to the pro-market reform path.2 While evaluating the competing development models is contentious and complex, growth arithmetic is simple. Putting policy aside, “the year 2030” turns out not to be a bad call for when China will pass the US in economic size, but so is “never.”

The Economic Consequences of Global Uncertainty

Council on Foreign Relations (CFR)

March 26, 2019


With new sources of uncertainty proliferating by the day, the world should brace for a broad economic slowdown or, at minimum, a lengthy period of slower growth.

China and Its Western Critics | by Andrew Sheng & Xiao Geng

Project Syndicate [$]

March 26, 2019


Contrary to popular belief in the West, China's trial-and-error approach to policymaking supports accountability. In fact, the evidence shows that Chinese policy is responsive to feedback from the Chinese people and the international community, with leaders correcting mistakes and updating policies as they gain new information.