Christopher A. McNally
Professor of Political Economy, Chaminade University
Jun 25, 2021
The U.S. position on China has become increasingly antagonistic in recent years, but U.S. pressure is more likely to deepen Chinese hostility than it is to create productive reform.
Apr 29, 2021
China is working to assert itself as a global leader in digital currency through the implementation of the digital yuan. The results of this could unravel the global financial system at worst, but at best, could establish a global infrastructure with equal monetary anchors.
Mar 03, 2021
China’s state-backed digital currency has the potential to reshape global financial markets and could revolutionize money for good.
Dec 28, 2020
China’s robust e-payments industry has become ubiquitous at every level of its economy, from street vendors all the way to annual taxes. Chinese authorities hope that the advanced infrastructure they possess can be used to launch the first ever state-backed cryptocurrency.
Oct 27, 2020
Judging from the rhetoric of both Biden and Trump campaign ads, neither candidate has plans for a smooth relationship with China. From Beijing’s perspective, this election will show what type of confrontation to expect over the next four years.
Oct 13, 2020
The US dollar has long enjoyed a global status, but a turbulent 2020 combined with rising powers are challenging the de facto currency of the world.
Sep 09, 2020
Capitalism takes on different forms in different circumstances, with no exception to China. China’s capitalism, often termed state capitalism, is neither “deviant” nor “hostile,” but merely the latest in a string of state developmentalist projects that have engendered successful industrialization.
Aug 19, 2020
In the midst of a global economic slump, China is looking to expand its domestic markets. Not only might this keep China’s economy competitive, but it might also shed China’s “factory of the world” moniker, emerging as the most sophisticated global consumer market.
May 27, 2020
The stability that was expected from the signing of the Phase One trade deal is now a distant reality in the wake of COVID-19. The U.S. and China are entangled in blame games and trade disputes, setting the stage for further, more devastating escalation.
May 03, 2020
The economic impact of COVID-19 cannot be understated. The longer the pandemic lasts, the worse our chances for quick recovery.