Recent Posts

Global trade is thriving for emerging markets

The West has turned hostile to open markets, but trade isn’t in retreat everywhere. In other parts of the world, it’s flourishing. The fashionable label “deglobalisation” misses the shift in import and export patterns that has seen emerging markets account for an increasing share of global trade in goods. Not the least of these is China’s expanding role as customer, ...

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AI threatens to devastate jobs in developing world

Most studies of the impact of artificial intelligence (AI) on jobs and the economy have focused on developed countries such as the US and Britain. But through my work as a scientist, technology executive and venture capitalist in the US and China, I’ve come to believe that the gravest threat AI poses is to emerging economies. In recent decades, China ...

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China Inc. is hurting for a corporate tax cut

An escalating trade war, rising oil prices and a bear market in stocks — China Inc. is struggling. A multibillion-yuan windfall from corporate tax cuts might be the only way to revive animal spirits. Yet Beijing is walking the other way, preparing to break the camel’s back. Starting in January, China’s tax offices will collect companies’ social-security contributions as part ...

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