Economics

Recent Read: “The Chinese century is well under way”

Don’t miss this interesting (and brief) analysis of China’s undisputed global influence from The Economist. Some highlights:   There is one economic metric on which China already ranks first. Measured at market exchange rates, China’s GDP is still 40% smaller than America’s. However, on a purchasing-power-parity (PPP) basis, which adjusts currencies so that a basket of […]

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Society, Technology

Orwell’s Past is China’s Future — and Maybe Ours

“If you want to keep a secret, you must also hide it from yourself.” ― George Orwell, 1984   Tucked among all the news stories lat month was a remarkable series of articles in the Wall Street Journal about China’s emerging “Social Credit Score.” This term refers to a system, currently under development, through which all Chinese citizens (and probably visitors) would be assigned a score that […]

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Politics

PS: On the International Misrule of Law

Interesting post by Brhama Chellaney (Professor of Strategic Studies at the New Delhi-based Center for Policy Research) on ProjectSyndicate.com about the similarities in how China and the U.S. view international law. Excerpt: Despite a widely held belief that the current international system is based on rules, the fact is that major powers are rule makers and […]

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Politics

FT: Chinese Power and the Olympic Curse

There is an excellent new article by Jamil Anderlini on FT.com about the outlook for China’s Communist Party, one highlight of which is the noting of the so-called “Olympic curse”: It is surely just a cute coincidence of history that no authoritarian regime except Mexico’s has lasted more than a decade after hosting a modern […]

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Risk

The Puppet Masters Send a Message – Again

Simon Zadek has an interesting piece over on Project Syndicate, where he notes the increasingly active role Chinese regulators are playing in curbing “excesses” in the activities of multi-nationals. As he notes: Hardly a day goes by without China’s government thrusting another global brand into the limelight. Last month, China’s environment ministry rejected an application […]

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Banking, Finance, Regulations

The Lure of Quanxi: East and West

The Economist posted an interesting small piece yesterday about the current investigation of US bank’s hiring of Chinese “princelings” in their China offices. Of course, as the article points out, no one in China would be surprised to learn that the latest intern to join a team was the son/daughter/niece/nephew/etc. of a government official. As […]

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Economics

Is Total Credit the Best Leading Indicator of a Crisis?

CFO.com posted an interesting piece by Vincent Ryan that recaps the results of a new study by a researcher at the Bank for International Settlements (“The Central Banks’ Central Bank,” as it’s usually called). The BIS paper, by Mathias Drehmann, focus its attention on measuring not just the bank credit outstanding a country at any […]

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