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Blogs

Bring On the Zombie Firms

Bring On the Zombie Firms

The problems afflicting China’s economy keep on multiplying.  As if the years long real estate slump that is unlikely to end anytime soon and trade war with the U.S. were not enough, there has also been a sharp rise in the number of loss-making Chinese industrial...

Thinking About China and the Trump Tariff Shock

Thinking About China and the Trump Tariff Shock

The return of Donald Trump to the White House has led to a marked escalation in Sino-American trade tensions.  On April 2nd, the so-called “Liberation Day,” Trump imposed a 145% tariff on Chinese goods, which amounted to a trade embargo on China.  While the President...

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