Relevant and even prescient commentary on news, politics and the economy.

China and the Debt Crisis

by Joseph Joyce China and the Debt Crisis Sri Lanka is not the first developing economy to default on its foreign debt, and certainly won’t be the last. The Economist has identified 53 countries as most vulnerable to a combination of “heavy debt burdens, slowing global growth and tightening financial conditions.” The response of China to what will be […]

The Trident that Killed Aphrodite: Communism, Corruption, and Conscience

Green groves feed the townspeople crafting their wares for the benefit of an enlightened populace, the amber fields of grain are milled for bread for the troops to keep our sovereign democracy intact. The greatest of civilizations are measured by the strength of their army, the complexity of the structures that they construct, yet history […]

Senate Defunding Wuhan Research Already Defunded in 2020

Be aware, this post is choppy. My first point is when was the the Wuhan project defunded. The second point asks why are four Senators then passing bills to defund a project already defunded? And finally I am giving some history such as this research not being gain-of-function. This is Republicans being bad actors and […]

China’s Outward FDI

by Joseph Joyce (Professor of Economics at Wellesley College, where he holds the M. Margaret Ball Chair of International Relations. He served as the first Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs.) China’s Outward FDI Chinese firms that want to list their stock in U.S. equity markets face a series of hurdles. The Securities and Exchange […]

On The Centennial Of The Chinese Communist Party

On The Centennial Of The Chinese Communist Party, EconoSpeak, Barkley Rosser July 1, 2021 is now over in China but for a few more moments it is still the centennial of the CCP where I am.  Just a couple of observations.  This is partly driven by seeing multiple posts on Econbrowser by “ltr” praising the […]

The Trumpification of Xi Jinping

The Trumpification of Xi Jinping  The Peoples’ Republic of China (PRC) has achieved great outcomes over the last several decades, especially after the late Deng Xiaoping took effective control of the nation from Maoist holdovers.  He set a model of indirect and collective leadership in contrast with Mao Zedong who ruled nearly absolutely for nearly […]

Is China Committing Genocide In Xinjiang?

 On the last day it could, the Trump State Department officially declared that the Peoples’ Republic of China is committing “genocide” in Xinjiang Province against the mostly Sunni Muslin Uighr minority, the previously dominant group in the province. New SecState Antony Blinken has publicly stated that he agrees with this judgment.  However, reportedly the State […]

Is China Now Number One?

Is China Now Number One?  Actually I think focusing on such questions can be a not very useful exercise, but here I am asking it anyway.  As it is, indeed the Peoples’ Republic of China (PRC) is indeed Number One on a number of important grounds, although probably the bottom line is that the world […]

Traffic Jam in Shenzhen, China

” The long line of trucks is a traffic jam of military trucks. Shenzhen (China), to state the obvious, is across the border and located just north of Hong Kong (see map). This show of force could still be a well poised threat to Hong Kong warning them to discontinue their protests or else. Shenzhen […]

Competition from China reduced Innovation in the US

Via Tyler Cowen, here is a piece by David Autor, David Dorn, Gordon Hanson, Gary P. Pisano and Pian Shu. Cowen quoted the most important part, so let me follow his lead: The central finding of our regression analysis is that firms whose industries were exposed to a greater surge of Chinese import competition from […]