collection
Carnegie China Commentaries
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The Commercialization of Cyber Nationalism in China

Patriotic and nationalist sentiments have been co-opted by self-media and social media platforms to generate profit. This has given rise to a traffic-driven business of cyber nationalism that relies on extreme xenophobic rhetoric.

· October 24, 2024
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Fixing China’s Monetary Disequilibrium to Break the Deflation Cycle

As consumers and businesses continue to hold off on spending and investment, deflationary pressures deepen, further depressing prices and economic activity.

  • Yuhan Zhang
· September 30, 2024
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China Needs a Very High Consumption Share of GDP Growth

It will require many years of real determination by Beijing to drive the role of consumption to much higher levels if China is to rebalance in a nondisruptive way.

· September 9, 2024
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China’s Recent Rental Strategy Is a Win for Some, a Strain for Others

While the new strategy benefits local governments and wealthy homeowners, it has different implications for China’s middle- and low-income populations.

  • Yuhan Zhang
· August 28, 2024
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Is Inflation a Monetary Phenomenon in China?

Because of the way credit expansion is managed, monetary expansion in China is directed mainly toward the supply side of the economy.

· August 21, 2024
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What Is Driving China’s Long-Dated Bonds?

Banks and other fixed-income investors are buying long-date government bonds because the economy is struggling and better alternatives don’t exist.

· August 14, 2024
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Will Technology Differentiate China Today from Japan in the 1990s?

Ignoring the problems of its historical precedents won’t make China’s success any more likely.

· August 8, 2024
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Navigating Turbulence at Second Thomas Shoal

Neither Duterte’s pivot to China policy nor Marcos’s transparency initiative is changing China’s behavior.

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The Evolution of Chinese Debt in 2024

Almost everyone in economic policymaking circles is concerned about China’s high and rising debt burden, but there is little evidence that this is likely to change much in 2024.

· July 31, 2024
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Why Is It So Hard for China to Boost Domestic Demand?

Beijing’s unwillingness to boost the consumption share of GDP is not as bizarre as it seems.

· July 31, 2024
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Why Should China Borrow Abroad?

In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital.

· July 29, 2024
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Beyond the Putin-Kim Alliance: How Can the International Community Engage China to Contain Nuclear Risks Over the Korean Peninsula?

Faced with an increase in strategic maneuvering by Moscow and Pyongyang, Beijing will not sit idly by and allow Putin and Kim to shape the security environment on its behalf.

· July 10, 2024