The First China War

I’ve spent the weekend devouring and digesting The War for China’s Wallet. Shaun Rein takes a deep dive into China’s economic strategy, stability, and appeal to developing nations, as well as a timely critique of America’s weakness on all of these accounts. In my notes, I began using the shorthand WCW I, as this is likely the first of many iterations of China wielding its economic weapons. Shaun wisely advises governments and corporations alike to be strong over conciliatory, in order to earn the respect of the Chinese. Yet, this reveals a sobering reality: we must now earn the respect … Continue reading The First China War

Knowing what we don’t know: the Chinese economy

One thing that strikes me about us serious China observers is that we are frequently and completely wrong about the direction China is headed. In the 1980s many top analysts predicted that without democracy China would be unable to grow its economy. Later, many asserted that only with a free and open Internet could China maintain its growth. Wrong on both accounts. The Chinese development model has now become the first serious competitor to the Washington Consensus since the Cold War. More and more developing countries model their growth strategies on the Chinese state-managed market economy. We must continue to … Continue reading Knowing what we don’t know: the Chinese economy