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.
Because of the way credit expansion is managed, monetary expansion in China is directed mainly toward the supply side of the economy.
Banks and other fixed-income investors are buying long-date government bonds because the economy is struggling and better alternatives don’t exist.
Ignoring the problems of its historical precedents won’t make China’s success any more likely.
Malaysia’s actions indicate that it continues to pursue an inclusive and prudent “equidistance” policy.
Neither Duterte’s pivot to China policy nor Marcos’s transparency initiative is changing China’s behavior.
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.
