“In the Chinese context, there are a lot of talks about remembering your original mission. The original mission is to eliminate inequality” – Wang Dan, chief economist of Hang Seng Bank China. CGTN Radio host Xu Yawen interviews Wang Dan, a chief economist of Hang Seng Bank China, Josef Mahoney, Professor of Politics and International Continue reading »
Economy
A Republican administration under Donald Trump would bring a fundamental change to America’s engagement with the world, necessitating a radical reassessment and reformulation of Australia’s foreign, trade, and defence policies. Falling back on the faithful ally tactic would not suffice to buffer the prosperity and security of Australians. Australian policymakers would need to embrace a Continue reading »
It makes sense for Beijing to expand the services sector, but none for the US to transfer higher productivity in services to lower one in manufacturing. So this is how Donald Trump repays his legions of fans in Taiwan, especially those from the ruling Democratic Progressive Party. “Taiwan took our chip business from us,” the Continue reading »
One of the characteristic features of modern western democracies is, as John Ralston Saul has pointed out, that it has focused on the development of narrow forms of expertise and then used reason to apply that narrow expertise to addressing specific social, cultural, economic and political issues. This is particularly true of the proliferating management Continue reading »
If leading central banks can grow their balance sheets by billions of dollars during the pandemic, they can do the same to fight global warming. Last year was the hottest summer on record and, while this summer is not over yet, it feels like it will break last year’s record. My air-conditioning bill has gone up because Continue reading »
Whether we call it “polycrisis,” like Columbia University Professor Adam Tooze, or “the age of catastrophe,” like the distinguished Marxist Alex Callinicos, there is no doubt that we are living in a period where the very foundations of the contemporary world order are cracking. There is that enigmatic line Gramsci used to describe his era Continue reading »
Prompted by Wanning Sun (P&I June 9, 2024), I have just read Yu Yang’s excellent work Private Revolutions. Wanning observes that according to western media the Chinese population is mostly imagined as a monolith and faceless crowd: divided into those who are victims of a repressive Chinese regime, or heroic individuals who dare to defy Continue reading »
Moves by other countries to impose higher tariffs on Chinese electric vehicles could benefit Australians shopping for a new car. Australian car buyers could be the beneficiaries of new tariffs the European Union has slapped on imported electric vehicles from China. The taxes of up to 37.6 percent which provisionally come into effect on July Continue reading »
The most pressing problem we face is climate change. It’s even more important than – dare I say it – getting inflation down to 2 per cent by last Friday. But we mustn’t forget that climate change is just the most glaring symptom of the ultimate threat to human existence: our continuing destruction of the Continue reading »
The housing crisis will not be solved for those who are suffering the most by the mish mash of half hearted, small steps, and policy responses currently favoured by governments. They lack the courage to commit to direct government intervention on a sufficient scale in the failed housing market in the form of publicly funded, Continue reading »