China’s stunted transformation
China’s growth model is undergoing fundamental change. After decades of relying primarily on external demand to drive growth, the government has embraced a “dual circulation” model, driven by...
How to restructure Chinese supply chains
“The old is dying and the new cannot be born,” the Italian Marxist theorist Antonio Gramsci wrote in the early twentieth century. We seem to be living in a similar interregnum today, likewise...
Sleepwalking into a global recession
XIAO GENGThe writer is the chairman of the Hong Kong Institution for International Finance and is a professor and director of the Institute of Policy and Practice at the Shenzhen Finance Institute at...