China

Pakistan’s Costly Plunge into China Debt

Wherever China’s One Belt, One Road initiative goes, it appears that the Chinese lenders including the Bank of China – the government’s flagship bank – aren’t far behind, and that Beijing is using the financial... Read More...

China Fakes Inundate UK, OECD Says

Counterfeit goods, primarily pouring in from China and Hong Kong, are “not only becoming a significant threat to the engine of economic growth, but also undermining good governance, the rule of law and citizens... Read More...

Reviving a Once-Raffish Shanghai Theme Park

Gangsters and secret society members once roamed the tiled corridors of Shanghai’s Great World, rubbing shoulders with European businessmen, prostitutes, fortune-tellers, magicians and gamblers. The indoor t... Read More...

Zheng He’s Modern Doppelganger

There is an uncanny resemblance between today’s China and the voyages of Zheng He in the early 15th century. The specific parallel I have in mind is China’s Belt and Road initiative, which is being celebrated b... Read More...

China’s Coming Debt Crisis

The problem of debt in China is not the bursting of a bubble. It is much worse. As the Middle Kingdom approaches the worldwide record of accumulated debt, productivity losses are becoming increasingly apparent.... Read More...

Historic Climate Pact Endangered

US President Donald Trump’s campaign promise to “cancel the Paris Agreement” is one step closer to reality after leaders from the Group of 20 richest economies backtracked on pledges to allocate $100 billion pe... Read More...

Obama’s Tilt to Asia: Too Little, Too Late

Donald Trump is encountering a fusillade of criticism alleging that his approach to Asia is creating a vacuum that will be eagerly filled by Beijing.  But those making this argument would be much more honest if... Read More...