Christopher A. McNally

Commentaries by Christopher A. McNally

Professor of Political Economy, Chaminade University

Christopher A. McNally is a Professor of Political Economy at Chaminade University and Adjunct Senior Fellow at the East-West Center in Honolulu, USA. His research focuses on comparative capitalisms, especially the nature and logic of China’s capitalist transition and Sino-Capitalism. He is also working on a research project that studies the implications of China’s international reemergence on the global order.

The Arrival of the Digital Yuan on the Global Stage
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.
Yuan RMB Central Bank Digital Currency
China’s Rationale and Strategy for the Digital Yuan
Mar 03, 2021
China’s state-backed digital currency has the potential to reshape global financial markets and could revolutionize money for good.
Yuan RMB Financial Reform
The DCEP: Developing the Globe’s First Major Central Bank Digital Currency
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.
Currency Financial Reform
Prospects for US-China Relations After the American Election
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.
U.S. Presidential Election U.S. China Policy
Is This the End of King Dollar?
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.
A Tale of Three Capitalisms
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.
China Model
The Big Turn Inward
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.
Global Economy China’s Economy China’s Rise Reform and Opening Up
Trade War 2.0 ?
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.
Trade War Cold War China-U.S. Economic Relations
Three Obstacles to a Rapid Economic Recovery in the Aftermath of COVID-19
May 03, 2020
The economic impact of COVID-19 cannot be understated. The longer the pandemic lasts, the worse our chances for quick recovery.
COVID-19 Global Economy Financial Crisis
Economic Shocks Caused by COVID-19 Are Rippling Across the Globe
Apr 01, 2020
The COVID-19 pandemic could ignite economic calamity in the foreseeable future. It will require policymakers around the globe to engage in cooperation to halt a crisis before it is too late.
Financial Crisis Global Economy COVID-19

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