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Andrew Sheng
Taiwan’s experience offers valuable lessons for China, the most important being the “financialization of innovation,” whereby technology investment is funded by risk capital from the stock market rather than by the risk-adverse banking system.
COMMENTARY / World
May 15, 2024
China should emulate Taiwan’s tech policies
A small island with few natural resources, Taiwan punches well above its weight. From 1980-2008, its annual real GDP averaged 6.8%.
A robotics company’s research and development center in Shenzhen. Chinese firms struggle to attract the private equity and venture capital funds that U.S. companies enjoy.
COMMENTARY / World
Apr 22, 2024
China needs a better innovation ecosystem
Chinese firms struggle to attract the private equity and venture capital funds that U.S. companies enjoy, putting a damper on their ability to innovate.
Despite vast coal reserves, China has always been geopolitically vulnerable on the energy front.
COMMENTARY / World
Mar 24, 2024
China navigates myriad of energy-driven challenges
Rising fuel prices are a thorn in the China's side amid deflation concerns.
China is the world’s second-largest investor in research and development, having spent $410 billion in this area in 2022, 10% more than the previous year.
COMMENTARY / World
Jan 7, 2024
China is lowering transaction costs for greater innovation
With projects such as a cooperation zone between Shenzhen and Hong Kong, China is championing small- and medium-sized firms as the engine of innovation.
A wind farm near near Golmud, Qinghai province, China
COMMENTARY / World
Nov 29, 2023
The promise of China’s sustainable-development path
As of this month, China has (since 2017) approved 572 “ecological civilization construction demonstration zones.”
By 2060, it is estimated that the combined gross domestic products of China, India and Indonesia will equal $116.7 trillion, making the bloc's economy three times larger than the United States.
COMMENTARY / World
Aug 15, 2023
The irresistible rise of the rest of the world
With 90% of the world's population, non-Western countries will no longer accept being excluded from global decision-making.
Japan Times
COMMENTARY / World
Jul 16, 2023
China’s stunted transformation
China has run into major road blocks as it has attempted to implement its 'dual circulation' growth strategy.
Japan Times
COMMENTARY / World
Jun 14, 2023
How to restructure Chinese supply chains
China must reconfigure its industries and supply chains to meet the challenges posed by rising geopolitical tensions and rapid population aging.
Japan Times
COMMENTARY / World
May 8, 2023
Are we sleepwalking into a prolonged global recession?
The current wave of interest-rate hikes has slowed inflation but also popped several asset bubbles, potentially triggering additional debt and financial crises.
Japan Times
COMMENTARY / World
Apr 3, 2023
Reimagining global development
With the global economy teetering on the edge of a financial crisis, it is time for emerging-market and developing economies to revise their development strategies.
Japan Times
COMMENTARY / World
Feb 9, 2023
Everyone loses in a fractured world
The dominance of national-security hawks distorts economic policy and impedes the delivery of global public goods — and could lead to an all-out global conflict.
Japan Times
COMMENTARY / World
Jan 25, 2023
The fate of the global balance sheet and economic health
Whether global wealth continues to fall in 2023 will depend significantly on two factors: The effectiveness of Chinese policy and the strength of international economic cooperation.
Japan Times
COMMENTARY / World
Dec 9, 2022
Quantitative easing the Chinese way
While most major central banks are now reversing quantitative easing and raising interest rates, China may need to head in the opposite direction.
Japan Times
COMMENTARY / World
Nov 9, 2022
China girds for tough times
Historically, China has carried out its most important reforms in times of crisis.
Japan Times
COMMENTARY / World
Oct 20, 2022
In search of a development plan for Asia
No matter how compelling a top-down development plan for Asia might be, it is highly unlikely to ever be implemented.
Japan Times
COMMENTARY / World
Sep 9, 2022
Sustainable development is a matter of market design
High-level sustainable development objectives need to be implemented at grassroots levels and with the right market structures and incentives.
Japan Times
COMMENTARY / World
Aug 14, 2022
The Group of 20 in an age of war
From a demographic perspective, the G20 is a much more legitimate grouping — in terms of representing a diverse, complex world — than the G7.
Japan Times
COMMENTARY / World
Jul 25, 2022
It takes a smart village to build sustainable prosperity
To improve the quality of life, we need to expand access to high-quality services — including water, energy, transport and internet — even to far-flung rural areas.
Japan Times
COMMENTARY / World
Jun 5, 2022
War and peace after China’s great transformation
In recent years, China's “great transformation” into the world's largest economy has become enmeshed in a deepening confrontation with the U.S. and the wider West.
Japan Times
COMMENTARY / World
May 16, 2022
The international monetary system is more unfit than ever
With the U.S. dollar being weaponized through sanctions, it is clear that the current system is far from neutral — or sustainable.

Longform

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