Professor of Economics, the Chinese University of Hong Kong
Jul 25 , 2017
The first China-U.S. Comprehensive Economic Dialogue concluded in Washington, D.C. on 19 July without an agreement. There was no joint communique. Even the scheduled separate press conferences were cancelled, first by the U.S., and then by China. What does this mean for China-U.S. economic relations in the future?
Jul 06 , 2017
Despite all the predictions of doom by Western pundits in 1997, Hong Kong has done well since its reversion of sovereignty to China twenty years ago.
Jun 27 , 2017
Moody's Investors Service recently downgraded China's sovereign credit rating, the first time since 1989, changing at the same time its outlook for the Chinese
Apr 05 , 2017
Lawrence J. Lau reviews the highlights of the nation’s annual NPC and CPPCC meetings to check the health of its economy and society, and finds the progress in both areas encouraging, not least the successes in judicial reform.
Feb 22 , 2017
A more nuanced approach that includes additional perspectives shows that the true U.S. deficit may be as low as US$132.7 billion.
Mar 18 , 2016
The Renminbi surprised the world markets by its unexpected devaluations first in August 2015 and then in January 2016. The author argues that the Renminbi is unlikely to devalue abruptly and significantly going forward, even though there may be small fluctuations in the Renminbi exchange rate.
Sep 23 , 2015
In 1997, at the height of the East Asian currency crisis, I wrote an article, “The Sky is not Falling (天塌不下来),” basically saying that the Chinese economy would be able to emerge from the crisis more or less unscathed.
Sep 04 , 2015
The Seventieth Anniversary of the victory of the Allies over Japan in the Second World War is now upon us. This War created tens of millions of victims, perhaps even as many as a couple of hundreds of millions, in Asia. I was one of the victims of the War, but a relatively lucky one. My parents lived in Hong Kong before the Japanese surprise attack on Pearl Harbour.
Jan 26 , 2015
Approximately a year ago, a study, U.S.-China Economic Relations in the Next Ten Years, was published by the China-U.S. Exchange Foundation. The study makes a n
Aug 30 , 2011
The recent down grading of U.S. sovereign debt has apparently upset financial markets worldwide. But before we get carried away by a wave of “irrational pani