The May 2026 summit was a big hit for China because it gave China time. It was a big hit for the US because it gave the US money. Xi needs time for the Chinese people to make money, allowing China to win the long game. Trump needs the US to make money now, to buy himself the time to stay in the race at home.

The new buzzword for the structural reform is "New Quality Productive Forces"

What if “overcapacity” isn’t China’s flaw - but Europe’s wake-up call? ‘ Overcapacity’ has become a buzzword in trade policy discussions, from US to the EU. In recent months, European leaders have grown increasingly alarmed about what they perceive as a potential tsunami of Chinese products flooding global markets. This is no longer just about China selling high-volume, capital-intensive products like steel or labor-intensive goods textiles. It’s now about China exporting hig

Just before China celebrated the 75th anniversary of the founding of the People’s Republic of China on October 1st, a series of policy...

China's biggest systemic risks are explained in this blog about China's economy. The blog explores some alternative dynamics, trends,...

While COVID-19 has monopolized our discussions, habits and livelihood, a much bigger ‘new normal’ has been gaining momentum in the...

As described in my book China’s New Normal, about every other year from 2013 to 2030, another major industry has or will be disrupted by...