noted Dugin's unpopularity among Chinese nationalists earlier
x.com/chenchenzh/sta…
even not considering the war on Ukraine, there're some key differences between Russian and Chinese illiberal formations, both ideological and pragmatic

7/9
Second, comparative advantage is expressed in the exchange of goods, and not in their production. Exporting goods without importing isn't an expression of comparative advantage. It is just how countries export excess savings and externalize the costs of weak domestic demand.

5/9
First, comparative advantage is almost always driven by trade and industrial policies designed to help a country dominate strategically important industries. This means it is a dynamic process, and there is no reason why, once it has been achieved by...

Is the US at risk of losing its status as the world’s dominant space power?

Our expert Dominic Chiu says that plans for space warfare were at the heart of China’s recent military reorganization, mirroring the US’ creation of a Space Force.

Tom Porter
businessinsider.com/china-plan-dom…

Overcapacity by itself is already a problem; propping up firms that should have been allowed to fail is a further distortion of the market.

The WSJ reports on China's auto overcapacity (plants to make 40m cars a year, internal demand just over 20m).

Apparently going bankrupt doesn't lead certain Chinese firms to exit the market -- with support from provincial governments and SoEs, they get a second chance

1/

the united states wants cooperation with and containment of china simultaneously.

beijing not super happy about this.

Bloomberg: A decade ago, a Chinese-built light-rail system was hailed as a solution to Addis Ababa's transportation woes. Today, frequent breakdowns and operational constraints mean barely one-third of its 41 trains are operational.
bloomberg.com/news/articles/…

According to the US govt, China accounts for one-third of global production, but only one-sixth of consumption.

When it comes to excess capacity, our expert Dominic Chiu says US sources assure that there “will be measures” at a certain point.
english.elpais.com/economy-and-bu…

Our expert Dominic Chiu says some companies already took precautions restricting database access for their Hong Kong staff.

They were prompted by the belief that Hong Kong will eventually align its data and security policies with those of mainland China.
apnews.com/article/hong-k…

Was kind of surprised by this: China's holdings of US financial assets, as a share of China's GDP, are back down to where they were when China joined the WTO ...

1/

Tech competition is top of mind for China.

Our expert Dominic Chiu says that Pres. Xi’s statement that China will ‘not stand idly by’ is a sign that Beijing will prepare retaliatory options if the issue is left unaddressed.
scmp.com/news/china/art…

In a rare move, Weibo issued a public notice reminding users not to make comments mocking Taiwan’s earthquake. The platform has been laden with nationalistic comments. But Weibo said it has removed over 300 posts and temporarily suspended over 20 accounts making fun of the quake.

I was quoted in South China Morning Post on the Biden-Xi phone call's implications on the trajectory of US-China relations.

The call between Biden and Xi shows that tech competition is China's primary concern.

“Xi’s statement that China will ‘not stand idly by’ is a sign that Beijing will prepare retaliatory options if the issue is left unaddressed,” says our expert Dominic Chiu.
scmp.com/news/china/art…

Our expert Dominic Chiu says it would be an exaggeration to say the content of TikTok videos is the result of deliberate political decisions taken by Beijing to promote its image.

*em português*
estadao.com.br/internacional/…

Hong Kong’s new security bill moved at a record pace for a reason.

Our expert Dominic Chiu says there was likely a deliberate effort to catch foreign observers of Article 23 off guard by minimizing time for external scrutiny and criticism.
cnbc.com/2024/03/20/hon…

Youth unemployment in China 📈

Lottery ticket sales 📈

Dominic Chiu says that people are likely turning to the lottery because of an increasingly stressful economic environment and job market.
bloomberg.com/news/articles/…

I don't know if I expected to see such an agonisingly realistic recreation of a Cultural Revolution struggle session, on Netflix of all places.

Article 23 is causing some financial professionals anxiety.

Our expert Dominic Chiu says it'll primarily affect media outlets and nongovernmental orgs and it's unlikely that non-media-related foreign businesses and financial institutions would be targeted.

nbcnews.com/news/world/chi…