President of the Hong Kong Institution for International Finance
Jun 26 , 2019
American multinationals may like the idea of forcing China to alter the policies and practices – from subsidies for state-owned enterprises to the requirement that foreign firms share proprietary technology in exchange for access to the Chinese market – that place them at a competitive disadvantage. But, as US President Donald Trump’s trade war continues to escalate, it is worth asking: What price are these companies really willing to pay?
Apr 26 , 2019
In February, China’s State Council unveiled guidelines for developing the “Greater Bay Area” (GBA), covering nine cities around the Pearl River Delta in Guangdong province, plus Hong Kong and Macau. While the rest of the world remains mired in a seemingly interminable debate over how to achieve inclusive and sustainable growth, China is working to deliver it.
Apr 03 , 2019
In Washington, DC, a bipartisan consensus about China has emerged: the United States is facing a trade-manipulating, authoritarian intellectual-property thief that represents a strategic threat to the US and its allies and deserves to be punished. But the consensus is wrong. In fact, China deserves recognition, if not appreciation, for its achievements.
Feb 25 , 2019
Trade war benefits no one.
Jan 30 , 2019
While excessive freedom for subnational governments can lead to instability, excessive control can choke off the local-level experimentation and competition that has long driven growth in China.
Nov 27 , 2018
In order to reach high-income status, China will need to overcome four challenges.
Oct 31 , 2018
In launching a trade war against China, America is rejecting openness.
Sep 28 , 2018
In light of growing uncertainty toward the neoliberal economic infrastructure, Chinese economic reforms could defuse the tension threatening this system.
Aug 29 , 2018
By rejecting old theories and embracing competition among its cities, China is creating domestic demand that can fuel its future development.
Jun 26 , 2018
The economic inequality in America is pulling apart its social fabric.