China
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China: Bureaucrats crack under pressure
After decades of generous monetary policy, China announced it would take a more moderate approach. But policymakers have now realized that future growth will be lower than needed, that inflation is about to rise and that a more rigorous monetary policy may be a source of tensions and possible crisis. Plans for monetary discipline have thus been shelved, with new liquidity injected.
Scenarios for China’s dual circulation strategy
China’s new economic guiding principle, the dual-circulation strategy, encompasses several ambitious goals, among them boosting domestic consumption and trying to take the lead in key technologies. The plan is part of the Chinese Communist Party’s 14th Five-Year Plan, but it could become a much longer-term element of China’s governance.
Opinion: Xi Jinping on the CCP’s next hundred years
Xi Jinping celebrated the Chinese Communist Party’s centenary with a fiery address that marked an important strategic shift. Echoed by Chinese diplomats, Mr. Xi’s escalating rhetoric against the United States signals the unfettering of China’s national ambition, both at home and on the global stage.
Prospects for China’s dual circulation strategy
China has set in motion a strategy to become the world's dominant economy, able to steer globalization and geopolitics to its interests. But will "dual circulation" achieve these grand ambitions or fizzle out?
The EU’s new, multifaceted China strategy is stress-tested
When the EU joined three other Western powers in sending finely calibrated warnings to China over its human rights violations, Brussels did not anticipate the fury of Beijing’s response. As the exchange of sanctions shows, the EU’s new strategy of combining cooperation with assertiveness may have its limits.
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