The contrasting histories cultures and institutional structures of China and the US have drawn them into an ironic partnership: each outsources the most embarrassing parts of its political economy to the other. One outcome is a massive shift of intellectual property trademarks and profits to offshore tax havens by US multinationals aided and abetted by China in return for free access to that intellectual property. This is why the trade and macroeconomic inbalances between the US and China have not affected the US dollar. The macroeconomic inbalances should eventually be resolved via some mix of US debt repudiation China's expropriation of US multinationals and their joint shutdown of the tax havens
Abstract: For more than a decade, China has a policy of managing its currency exchange rate (RMB) t...
In this Note, I seek to answer a simple question: By owning a large quantity of United States debt, ...
The globalisation of Chinese capital will be one of the hallmarks of 21st-century economics, shaping...
Relations between China and the USA began with the best of intentions: the USA would sponsor the nor...
China is now the world’s leading creditor nation, while the United States is the world’s largest deb...
At the beginning of the third decade of the twenty-first century, China was not only the world’s sec...
Between Chinese and American economy was created a huge trade symbiosis in the last 10 years. This r...
China’s trade relations with the United States over the past four decades is a topic that has not be...
As an emerging economy, China has relied on trade for export-led eco nomic growth, imitating the pat...
Stylised representations of recent US and Chinese tax reforms, tariffs against imports and alternati...
The United States and China relations have evolved from tense standoffs to a complex mix of intensif...
For more than a decade, China has a policy of managing its currency exchange rate (RMB) to limit its...
If the United States made global capitalism in the twentieth century, can China unmake this American...
China's trade relations with the United States over the past four decades is a topic that has not be...
China is widely seen as one of the sources of global macroeconomic imbalances. Its persistent curren...
Abstract: For more than a decade, China has a policy of managing its currency exchange rate (RMB) t...
In this Note, I seek to answer a simple question: By owning a large quantity of United States debt, ...
The globalisation of Chinese capital will be one of the hallmarks of 21st-century economics, shaping...
Relations between China and the USA began with the best of intentions: the USA would sponsor the nor...
China is now the world’s leading creditor nation, while the United States is the world’s largest deb...
At the beginning of the third decade of the twenty-first century, China was not only the world’s sec...
Between Chinese and American economy was created a huge trade symbiosis in the last 10 years. This r...
China’s trade relations with the United States over the past four decades is a topic that has not be...
As an emerging economy, China has relied on trade for export-led eco nomic growth, imitating the pat...
Stylised representations of recent US and Chinese tax reforms, tariffs against imports and alternati...
The United States and China relations have evolved from tense standoffs to a complex mix of intensif...
For more than a decade, China has a policy of managing its currency exchange rate (RMB) to limit its...
If the United States made global capitalism in the twentieth century, can China unmake this American...
China's trade relations with the United States over the past four decades is a topic that has not be...
China is widely seen as one of the sources of global macroeconomic imbalances. Its persistent curren...
Abstract: For more than a decade, China has a policy of managing its currency exchange rate (RMB) t...
In this Note, I seek to answer a simple question: By owning a large quantity of United States debt, ...
The globalisation of Chinese capital will be one of the hallmarks of 21st-century economics, shaping...