Recent Posts

Donald Trump’s tariffs are a triumph of pride over policy

The controversy over President Trump’s proposed tariffs on imports of steel (25%) and aluminum (10%t) is less about economics than ego — Trump’s ego. Frustrated by special counsel Robert Mueller’s investigation and the reported chaos in the White House, the president, it seems, had to show who’s boss and who’s driving events. Hence, his broadside attack against many traditional US ...

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Protectionism and tech prosperity

It’s becoming all too easy to throw accusations at Chinese companies, especially when trade and political tensions rise. You know the refrain: They’re just copycats of US counterparts, ripping off larger rivals and protected by trade barriers such as censorship and investment laws. Frankly, this is an intellectual crutch. Witness the overuse of descriptive cliches — X, the Netflix of ...

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Hong Kong property faith is too strong for peg jitters

Three down, one to go. Fire sales aren’t usually associated with handsome profits; lucky for HNA Group Co. that its asset hoard includes Hong Kong real estate. The indebted Chinese conglomerate has sold the third of four plots of land bought just over a year ago to local developer Wheelock & Co. for HK$6.36 billion ($811 million), the latest step ...

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