Andrew Sheng

For Andrew Sheng's latest contributions to The Japan Times, see below:

Dec 23, 2014

High risks, rewards in Xi's reforms

Only by addressing the weakening of investment-led growth, bureacratic inefficiencies and worsening pollution, and then shifting to an innovation-based, environmentally sustainable growth model, can China continue to prosper and ultimately achieve high-income status.

Oct 28, 2014

Time to end American financial repression

A generation of development economists owe Ronald McKinnon, who died earlier this month, a huge intellectual debt for his insight that governments like the U.S. that engage in free-market rhetoric to channel funds toward themselves hamper financial development.

Aug 26, 2014

Brace for the coming CLASS war

The balkanization of global banking by the U.S.' requiring all foreign banks in the country to become subsidiary companies and international banks with U.S.-dollar clearing accounts to comply to some degree with U.S. foreign policy by refraining from trading with U.S. enemies defines a ...

Jul 8, 2014

Thomas Piketty with Chinese characteristics

As property prices have risen faster than wages and profits in manufacturing, China's top 1 percent income earners are accumulating wealth significantly faster than their counterparts in the rest of the world — and far faster than the average Chinese.

Jun 2, 2014

Harnessing the competitive streak in China

The competition-fueled growth that propelled China's emergence as the world's second-largest economy is no longer enough. The need now is to rebalance competition to address the negative externalities of state and market activities.

Apr 28, 2014

Governing China's 'dream'

This year's China Development Forum in Beijing revealed the clearest vision yet of how China's leaders intend to deliver the "Chinese Dream" of improving people's livelihoods, constructing a better society and strengthening the military.