Another growth scare has come and gone for the Chinese economy. This, of course, is very much at odds with…
It is a blatant protectionist bias that collides head-on with America’s reliance on foreign saving and trade deficits
A post-crisis world economy without Chinese growth would be in grave difficulty
The final day of the summer marked the start of yet another season of futile policymaking by two of the…
Despite all the hand-wringing over the vaunted China slowdown, the Chinese economy remains the single-largest contributor to world GDP growth.
With world trade shifting to a decidedly lower trajectory, political resistance to globalisation has intensified
US policy is keeping the country’s consumption binge going, despite the implications for its saving imperative.
The real reason behind the massive multilateral trade deficit is that Americans don’t save
The shift in focus from consumer-led rebalancing to supply-side reforms is premature.
Focus on the demand side of crisis-battered economies, where a debt-rejection syndrome is impairing growth
Its strong tertiary sector and massive forex reserves provide a buffer against any crisis and social instability
Today’s Fed inherits the deeply entrenched moral hazard of the asset economy
It has to address the causes of households’ high precautionary saving and low discretionary spending.
Inflation-targeting was once essential to limit runaway price growth. Today, it is counterproductive
The US’s unease with a changing China reflects a failure to address its core economic problems
The country could inadvertently find itself mired in something comparable to what Minxin Pei has long called a “trapped transition”
Without powerful innovations, sustaining productivity growth will be an uphill battle
Unless the US fixes its savings problem, restricting trade with manipulators will not help remedy trade deficit.
