Economy Archives - The Wire China https://www.thewirechina.com/topic/economy/ Sun, 08 Sep 2024 22:57:26 +0000 en-US hourly 1 https://www.thewirechina.com/wp-content/uploads/2022/10/cropped-square_logo-32x32.jpg Economy Archives - The Wire China https://www.thewirechina.com/topic/economy/ 32 32 Gaining Currency https://www.thewirechina.com/2024/09/08/gaining-currency-digital-yuan-china/ Sun, 08 Sep 2024 23:00:00 +0000 Rachel Cheung https://www.thewirechina.com/?p=50797 Can a central bank digital currency work? China was the first major economy to launch one and, despite several setbacks, is starting to see the digital yuan take off.

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China Policy: What Comes Next? https://www.thewirechina.com/2024/09/01/china-policy-what-comes-next/ Sun, 01 Sep 2024 23:00:00 +0000 The Wire https://www.thewirechina.com/?p=50427 Is it time for the U.S. to temper its policies towards China? Or is the U.S. just hitting its stride? With the election between Donald Trump and Kamala Harris just around the corner, we asked more than a dozen experts and policy makers: Where should the next U.S. president go from here?

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Ed Conway on Living in the Material World https://www.thewirechina.com/2024/08/25/ed-conway-on-living-in-the-material-world/ Sun, 25 Aug 2024 23:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=49400 The economics journalist talks about his travels to see how the substances we need for modern life are extracted and produced, the trade-offs involved and the fragility of so many of the supply chains and systems on which we rely.

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China’s Contradictions Remain Unresolved https://www.thewirechina.com/2024/07/28/chinas-contradictions-remain-unresolved-third-plenum/ Sun, 28 Jul 2024 23:00:00 +0000 Diana Choyleva https://www.thewirechina.com/?p=49123 The CCP’s latest Third Plenum meeting failed to deliver a coherent economic blueprint for the country.

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Victor Shih on the Fallout from the Tech Sector Crackdown https://www.thewirechina.com/2024/07/21/victor-shih-on-the-fallout-from-the-tech-sector-crackdown/ Sun, 21 Jul 2024 09:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=48326 The Chinese politics expert discusses how Xi Jinping’s anti-corruption drive upset the Party’s equilibrium and signs of splintering within the leader’s ruling faction.

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Broken Engagement https://www.thewirechina.com/2024/07/14/broken-engagement-american-policy-makers-china/ Sun, 14 Jul 2024 23:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=48377 Our series of interviews with top U.S. policy makers of the last 30 years has revealed how and why the American approach towards China has morphed from seeking closer ties to a desire for estrangement.

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How a Move to Bangkok Revealed China’s Economic Power https://www.thewirechina.com/2024/06/16/how-a-move-to-bangkok-revealed-chinas-economic-power-thailand-china-economy/ Sun, 16 Jun 2024 23:00:00 +0000 Shai Oster https://www.thewirechina.com/?p=47019 Hong Kong lies close to some of China’s biggest tech and manufacturing companies, but you hardly know it living there.

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What the China Pessimists Are Getting Wrong https://www.thewirechina.com/2024/06/09/what-the-china-pessimists-are-getting-wrong-chinese-economy/ Sun, 09 Jun 2024 23:00:00 +0000 Yu Yongding https://www.thewirechina.com/?p=47006 While China is probably in a much better position than bearish observers claim, the economy would benefit if Chinese households saved less and consumed more.

The post What the China Pessimists Are Getting Wrong appeared first on The Wire China.

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How Exceptional Is China’s Crony-Capitalist Boom? https://www.thewirechina.com/2024/06/09/how-exceptional-is-chinas-crony-capitalist-boom-china-corruption/ Sun, 09 Jun 2024 23:00:00 +0000 Yuen Yuen Ang https://www.thewirechina.com/?p=47043 In both the U.S. and China, corruption has evolved over time from thuggery and theft to more sophisticated exchanges of power and profit.

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Alec Ash on Finding Freedom in an Unfree Country https://www.thewirechina.com/2024/06/02/alec-ash-on-finding-freedom-in-an-unfree-country/ Sun, 02 Jun 2024 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=46558 The author talks about his experience escaping big city life and reporting on the wave of reverse migration in China.

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Wang Zichen on Bridging the Understanding Gap between the U.S. and China https://www.thewirechina.com/2024/05/26/wang-zichen-on-bridging-the-understanding-gap-between-the-u-s-and-china/ Sun, 26 May 2024 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=46343 The former Xinhua journalist talks about why he launched his popular newsletter Pekingnology, wolf warrior diplomacy and why more U.S. journalists are needed in China.

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Nongfu Spring’s Big Splash https://www.thewirechina.com/2024/05/19/nongfu-springs-big-splash/ Sun, 19 May 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=44026 The bottled water giant is as familiar in China as Coca Cola is in the West, but it’s not immune from online criticism.

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The Great EV Glut https://www.thewirechina.com/2024/05/19/the-great-ev-glut-european-union-electric-vehicle-china-chinese-electric-vehicles-evs-eu/ Sun, 19 May 2024 23:00:00 +0000 Luke Patey https://www.thewirechina.com/?p=46154 The new U.S. tariffs on Chinese-made EVs are both unprecedented and largely performative since Chinese EVs haven't yet penetrated the U.S. market. The European Union, by contrast, is facing a more critical and nuanced challenge from the influx of Chinese-made EVS and is currently debating what to do about it. Can the E.U. save its auto industry and still keep its green transition going?

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Xi Tries To Get the Banks On Side https://www.thewirechina.com/2024/05/19/xi-tries-to-get-the-banks-on-side-industrial-loans-chinese-financial-sector/ Sun, 19 May 2024 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=46155 Beijing wants the Chinese financial sector to do more to support its economic goals, but progress has been hard to come by.

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China’s Fintech Footprint in Africa https://www.thewirechina.com/2024/05/12/chinas-fintech-footprint-in-africa-african-fintech-investments-opay/ Sun, 12 May 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=43918 With money for building African infrastructure drying up in China, the future looks brighter for fintech investments.

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Enze Han on How China’s Influence is Spreading through Southeast Asia https://www.thewirechina.com/2024/05/05/enze-han-on-how-chinas-influence-is-spreading-through-southeast-asia/ Sun, 05 May 2024 23:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=44208 The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.

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Missed Opportunities https://www.thewirechina.com/2024/05/05/missed-opportunities-china-foreigners-expats-business-international/ Sun, 05 May 2024 23:00:00 +0000 Zhuowen Li Mathilde Barge https://www.thewirechina.com/?p=45527 Not so long ago, China was a thriving hub for expatriates, from students looking to learn Mandarin — and for a bit of adventure — to business executives keen to explore a vast market undergoing seemingly endless high growth. Those days seem to be over. China has undergone a significant decline in its foreign population. And […]

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Angela Huyue Zhang on Why Beijing Took On the Tech Giants https://www.thewirechina.com/2024/04/28/angela-huyue-zhang-on-why-beijing-took-on-the-tech-giants/ Sun, 28 Apr 2024 23:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=45214 The academic talks about the reasons behind China’s crackdown on its tech sector and its legacy, as well as how Chinese regulators are tackling AI.

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How to Bridge the Transatlantic Gap on China https://www.thewirechina.com/2024/04/28/how-to-bridge-the-transatlantic-gap-on-china-u-s-europe-china/ Sun, 28 Apr 2024 23:00:00 +0000 Andrew Cainey https://www.thewirechina.com/?p=45252 The U.S. and Europe need to work together better on China-related issues. Step one: work out the differences in where each side is coming from.

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Status Symbol https://www.thewirechina.com/2024/04/14/status-symbol-luxury-brands-china/ Sun, 14 Apr 2024 23:00:00 +0000 Rachel Cheung https://www.thewirechina.com/?p=44510 For much of the past two decades, Europe's luxury market has counted on the ferocious appetite of Chinese consumers to bolster its bottom line. But foreign luxury brands are facing a reckoning in China. Not only is China’s economy entering a more uncertain phase, giving consumers pause, but homegrown designers and labels are also gaining ground. The questions now are which European brands can still rely on China, and how China's domestic designers can capture a share of the pie.

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Who’s Who: China-focused Lawyers https://www.thewirechina.com/2024/04/14/whos-who-china-focused-lawyers/ Sun, 14 Apr 2024 23:00:00 +0000 The Wire https://www.thewirechina.com/?p=44512 A rundown of the key figures in the China-focused legal sphere.

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Jay Shambaugh on Getting China to Change Course https://www.thewirechina.com/2024/04/14/jay-shambaugh-on-getting-china-to-change-course/ Sun, 14 Apr 2024 23:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=44718 The Treasury’s top international official gives an inside-the-room account of the latest talks between Treasury Secretary Yellen and the Chinese leadership, including the U.S.’s efforts to get Beijing to address overcapacity and economic imbalances, how the two countries would deal with any future financial crisis, and whether China is deliberately letting its currency devalue.

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Sarah Bianchi on Setting the Trade Agenda https://www.thewirechina.com/2024/04/07/sarah-bianchi-on-setting-the-trade-agenda/ Sun, 07 Apr 2024 23:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=43903 The recently departed deputy U.S. trade representative discusses why the U.S. needs to be on high alert when dealing with China, and how the Biden administration's approach has differed from its predecessor.

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China’s Red Carpet https://www.thewirechina.com/2024/04/07/chinas-red-carpet-us-china-business-leaders-in-china-ceos-investment-economy/ Sun, 07 Apr 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=44150 While Washington and Beijing remain at loggerheads, China is still welcoming some U.S. business leaders.

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Hong Kong’s Identity Crisis https://www.thewirechina.com/2024/04/07/hong-kongs-identity-crisis-hong-kong-economy/ Sun, 07 Apr 2024 23:00:00 +0000 Stephen S. Roach https://www.thewirechina.com/?p=44162 Despite its famed resilience, it’s hard to make the case for an upturn in the city’s fortunes, given they now go hand-in-hand with those of mainland China.

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The Pacific Power Game https://www.thewirechina.com/2024/03/17/the-pacific-power-game-china-us-pacific-islands/ Sun, 17 Mar 2024 23:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=43298 With a new multi-billion dollar aid package agreed, the U.S. is trying to keep up with China in a strategically important region.

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Emily Kilcrease on Gaming China’s Sanctions Response https://www.thewirechina.com/2024/03/10/emily-kilcrease-on-gaming-chinas-sanctions-response/ Sun, 10 Mar 2024 23:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=42961 The researcher talks about why it would be much trickier to place sanctions on China in any future conflict than on Russia and where the U.S. might have the most leverage.

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Going for Gold https://www.thewirechina.com/2024/03/10/going-for-gold-papua-new-guinea-china/ Sun, 10 Mar 2024 23:00:00 +0000 Sean Williams https://www.thewirechina.com/?p=42973 Thanks to economic turbulence and geopolitics, China is buying up gold like never before — and it's looking to places like Papua New Guinea to supply it. But with aggressive tactics and irresponsible mining practices, China's 'gold rush' diplomacy is alarming locals and sparking concern in the West.

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Why China’s New Growth Target Misses the Mark https://www.thewirechina.com/2024/03/10/why-chinas-new-growth-target-misses-the-mark-li-qiang-economic-problems/ Sun, 10 Mar 2024 23:00:00 +0000 George Magnus https://www.thewirechina.com/?p=43059 The Chinese government is trying to lift spirits, but it has failed to offer realistic plans to address the country’s deep-seated economic problems.

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The Grand Illusion https://www.thewirechina.com/2024/03/03/the-grand-illusion/ Mon, 04 Mar 2024 00:00:00 +0000 Anne Stevenson-Yang https://www.thewirechina.com/?p=42717 As the head of the U.S.-China Business Council in Beijing, Anne Stevenson-Yang was one of the first Westerners to advocate for China's inclusion in the global trading system, and she personally benefited from China's opening and courtship of foreign investment. But, as she recounts in her new book, after watching China's reaction to the global financial crisis, she was also one of the first Westerners to call out China's transformational change for being a facade.

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China’s Imagination Deficit https://www.thewirechina.com/2024/02/25/chinas-imagination-deficit-chinese-economic-problems-economy-china/ Mon, 26 Feb 2024 00:00:00 +0000 Stephen S. Roach https://www.thewirechina.com/?p=42189 Beijing is providing only stale solutions to the country's economic problems.

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Dawn Murphy on China’s Growing Influence in the Middle East and Africa https://www.thewirechina.com/2024/02/25/dawn-murphy-on-chinas-growing-influence-in-the-middle-east-and-africa/ Mon, 26 Feb 2024 00:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=42220 The academic talks about Beijing’s response to the Israel-Hamas conflict and the Houthi attacks in the Red Sea, plus why China’s ‘alternative order’ is attractive to countries in the Global South.

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Why China Won’t Fight the Houthis https://www.thewirechina.com/2024/02/18/why-china-wont-fight-the-houthis-middle-east-u-s-israel/ Mon, 19 Feb 2024 00:00:00 +0000 Yun Sun https://www.thewirechina.com/?p=41866 China's main aim is to blame the U.S. and Israel for turmoil in the Middle East.

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The Financial Fallout from China’s Property Market https://www.thewirechina.com/2024/02/11/the-financial-fallout-from-chinas-property-market-real-estate-china/ Mon, 12 Feb 2024 00:00:00 +0000 Nicholas Borst https://www.thewirechina.com/?p=41578 Unless Beijing takes some bold steps the real estate slump will continue to hinder the economy.

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The New Great Game https://www.thewirechina.com/2024/02/11/the-new-great-game-china-us-war-power/ Mon, 12 Feb 2024 00:00:00 +0000 Dale C. Copeland https://www.thewirechina.com/?p=41680 In this age of great power struggle, an all-out Cold War, let alone a regional hot war, is not inevitable. And that’s largely because of the unique challenges facing China. Dale Copeland lays out why the issue of peace or war in East Asia is very much in the hands of U.S. policy makers.

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A Crackdown Comes for Healthcare https://www.thewirechina.com/2024/02/11/a-crackdown-comes-for-healthcare-chinese-healthcare-industry/ Mon, 12 Feb 2024 00:00:00 +0000 Katrina Northrop https://www.thewirechina.com/?p=41763 Six months into a campaign to rout out corruption from the Chinese healthcare industry, many of the underlying issues in the sector remain unchanged.

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Kerry Brown on the Nature of Chinese Power https://www.thewirechina.com/2024/02/04/kerry-brown-on-the-nature-of-chinese-power/ Mon, 05 Feb 2024 00:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=41030 The academic and former diplomat talks about the need for a more realistic strategy towards China and why the West and Beijing often fail to communicate.

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Beijing Is Set to Rescue the Market Again: But Is That the Right Thing to Do? https://www.thewirechina.com/2024/02/04/beijing-is-set-to-rescue-the-market-again-but-is-that-the-right-thing-to-do-chinese-stock-markets/ Mon, 05 Feb 2024 00:00:00 +0000 Victor Shih https://www.thewirechina.com/?p=41309 There are much better ways for the government to spend hundreds of billions of dollars than propping up Chinese stocks.

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The Rising Cost of the Climate Crisis https://www.thewirechina.com/2024/01/28/the-rising-cost-of-the-climate-crisis-in-china/ Mon, 29 Jan 2024 00:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=40359 Besides the human cost, natural disasters are causing ever more damage to China’s economy.

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Michael Rogers on China’s Cyber Threat https://www.thewirechina.com/2024/01/21/michael-rogers-on-chinas-cyber-threat/ Mon, 22 Jan 2024 00:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=40350 The head of U.S. Cyber Command under Presidents Obama and Trump on why it's been difficult to change China's behavior and the need for a new strategy on cyber.

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Containing the Risk https://www.thewirechina.com/2024/01/21/containing-the-risk-cosco-red-sea-shipping-suez-canal/ Mon, 22 Jan 2024 00:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=40877 Disruption to shipping in the Red Sea is having big impact on routes vital to China.

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Beijing Plays A Dangerous Game With the Markets https://www.thewirechina.com/2024/01/14/beijing-plays-a-dangerous-game-with-the-markets-video-gaming-regulations/ Mon, 15 Jan 2024 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=40361 China’s backtracking on its new video gaming regulations show how ‘shock and awe’ regulation has gone out of style.

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Back on Track? https://www.thewirechina.com/2024/01/14/back-on-track-two-dialogues-u-s-china/ Mon, 15 Jan 2024 00:00:00 +0000 Bob Davis https://www.thewirechina.com/?p=40362 Could a recent flurry of "track-two" activity be a sign that relations between Beijing and Washington are stabilizing? Informal meetings on critical topics like AI arms control and military-to-military communications have picked up recently, and both U.S. officials and the track-two participants say the impact was obvious at November's summit between Xi Jinping and Joe Biden. Bob Davis reports.

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Taiwan’s Election at a Glance https://www.thewirechina.com/2024/01/07/taiwans-election-at-a-glance-taiwan-president-candidates/ Mon, 08 Jan 2024 00:00:00 +0000 Aaron Mc Nicholas https://www.thewirechina.com/?p=39869 A guide to this month’s vote which will determine who runs the island for the next four years.

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South Korea and the U.S.-China Rivalry https://www.thewirechina.com/2024/01/07/south-korea-and-the-u-s-china-rivalry/ Mon, 08 Jan 2024 00:00:00 +0000 Keun Lee https://www.thewirechina.com/?p=39870 The Asian nation benefited hugely from closer global economic integration. That is now under threat.

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Alicia García-Herrero on China’s Shifting Ties in Latin America https://www.thewirechina.com/2024/01/07/alicia-garcia-herrero-on-chinas-shifting-ties-in-latin-america/ Mon, 08 Jan 2024 00:00:00 +0000 Alex Colville https://www.thewirechina.com/?p=39872 The economist discusses the different approaches the region's countries take to Beijing, the impact of Javier Milei's rise to lead Argentina and the pluses and minuses of China's economic influence.

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Arthur Kroeber on Piecing Together China’s Economic Jigsaw https://www.thewirechina.com/2023/12/31/arthur-kroeber-on-piecing-together-chinas-economic-jigsaw/ Mon, 01 Jan 2024 00:00:00 +0000 Alex Colville https://www.thewirechina.com/?p=39438 The Chinese economy expert discusses high debt levels, and the costs of Xi Jinping's focus on national security.

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China’s Economic Engine Is Running Out of Fuel https://www.thewirechina.com/2023/12/31/chinas-economic-engine-is-running-out-of-fuel/ Mon, 01 Jan 2024 00:00:00 +0000 Yi Fuxian https://www.thewirechina.com/?p=39774 Policy makers need to be more realistic about the prospects for future growth, particularly when it comes to China's demographic challenges.

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Janka Oertel on the End of the China Illusion https://www.thewirechina.com/2023/12/17/janka-oertel-on-the-end-of-the-china-illusion/ Mon, 18 Dec 2023 00:00:00 +0000 Andrew Peaple https://www.thewirechina.com/?p=39434 The political analyst talks about how Europe’s mindset towards China needs to change, why Beijing’s support for Russia over Ukraine is a watershed moment, and the EU’s looming battle over electric vehicles.

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Foreign Law Firms Feel the Chill in China https://www.thewirechina.com/2023/12/17/foreign-law-firms-feel-the-chill-in-china-international/ Mon, 18 Dec 2023 00:00:00 +0000 Eliot Chen https://www.thewirechina.com/?p=39441 A dealmaking slowdown is making it harder for international firms to justify their presence in a once vital market.

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