A fiscally low-cost solution to China’s challenges
The Chinese stock market has rallied recently in anticipation of another round of government stimulus. This is understandable, as the authorities have rolled out multiple monetary and fiscal stimulus...
The Global Implications of EU Tariffs on Chinese EVs
NEW YORK: On June 12, the European Union announced new provisional levies on Chinese electric vehicles (EVs), with the tariff level to be based on estimates of how much state support an EV exporter...
The right response to China’s EV subsidies
Gernot Wagner is a climate economist at Columbia Business School. US Treasury Secretary Janet Yellen’s nearly week-long visit to China, now underway, will most likely focus on US concerns about...
A reality check for the renminbi
After years of speculation and false starts, it seems that the internationalisation of the renminbi is well underway. On March 29, China and Brazil announced plans to trade using their own currencies,...
Can China save its economic miracle?
China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for...
The risk of competitive interest-rate hikes
The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an...
Will China hit its growth target?
In early March, Premier Li Keqiang announced that China is targeting GDP growth of “about 5.5%” this year.That would be ambitious even without Russia’s war against Ukraine and the attendant...
Misreading China's WTO record hurts global trade
The 20th anniversary of China’s accession to the World Trade Organization on December 11 has once again highlighted long-standing debates about how well China has lived up to its WTO obligations,...