Recent Posts

With China, US needs to verify but trust

With high-stakes trade talks set to resume in Washington, US officials say any deal with China hinges on how it can be enforced. That is indeed a key issue. But to have any hope of success, the US can’t be entirely worried about whether China might cheat. It also needs to consider what conditions would best encourage Beijing to comply. ...

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UK economy needs a reboot no matter Brexit outcome

“I’m really enjoying the season finale of the UK,” quipped Irish software engineer Damian Sullivan on Twitter. His joke may not be far off the mark. Brexit negotiations are looking more and more like the type of destructive brinkmanship that the US has seen in recent years. But the stakes are much higher in the UK — rather than just ...

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China’s lenders are desperate for capital

In the past decade, China has relied primarily on credit growth to fund its economic ambitions. The country’s banks are now feeling the constraints of this lending binge and need to raise a lot of capital over the next couple of years. The way China handles this challenge will determine its economic health. With 267 trillion yuan ($39.4 trillion) of ...

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