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  • OPINION

    To conquer the world, China must get smarter

    News, Michael Schuman, Published on 14/08/2019

    » Many investors and economists continue to believe China's rise to global economic greatness is inevitable. Modern history, however, tells us that graduating from emerging- to a developed-economy status is hardly automatic. An overly intrusive state, dependence on debt, feeble gains in productivity and poor resource allocation are all reasons to fear that China might struggle with the transition like so many nations before it.

  • OPINION

    Why Xi won't cave to Trump at G-20 meet

    News, Michael Schuman, Published on 30/11/2018

    » Hopes are already fading that China's President Xi Jinping and his US counterpart Donald Trump will achieve a breakthrough in their trade war during this weekend's Group of 20 summit in Argentina. Even Mr Trump poured cold water on the idea, saying only days before the conference that it was "highly unlikely" he'd hold off on a planned boost to tariffs.

  • OPINION

    It's time to give China a taste of its own bad medicine

    News, Michael Schuman, Published on 29/06/2018

    » One of my mottos is: Don't criticise something unless you have a better idea. I've decried President Donald Trump's tariff tactics, so it's only fair I offer my own strategy for fighting a trade war with China -- one with a bigger chance of success and smaller downside risk.

  • OPINION

    Show might be over before it begins

    News, Michael Schuman, Published on 08/05/2018

    » North Korean leader Kim Jong-un has pledged to dismantle his nuclear test site, and supposedly, he's even inviting the international press into his usually off-limits kingdom to witness the extravaganza. The gesture is meant to prove he's serious about eliminating his weapons programme -- and he wants all the world to see it.

  • OPINION

    Turning communists into capitalists

    News, Michael Schuman, Published on 03/10/2017

    » As it heads into a major leadership transition, China is attempting a strange breed of corporate reform. Rather than privatising state-owned enterprises outright, the government is testing whether selling minority stakes to private investors may improve their performance.

  • OPINION

    South Korea's president tries to rescue liberalism

    News, Michael Schuman, Published on 27/09/2017

    » While much of the world's attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter how governments tackle the most challenging problems of our day.

  • OPINION

    South Korea has some lessons Trump should heed

    News, Michael Schuman, Published on 13/09/2017

    » Advisers seem to have convinced US President Donald Trump not to trash the country's free-trade agreement with South Korea -- for now. Mr Trump himself still seems intent on extracting concessions from the Koreans and could yet withdraw from the deal. The irony is that, more than any other, South Korea's own story shows how foolish that would be.

  • OPINION

    South Korea's next leader must focus on growth

    News, Michael Schuman, Published on 10/05/2017

    » So much attention is being lavished on the nuclear-edged tantrums of Kim Jong-un in North Korea that the presidential election on the southern half of the Korean peninsula has gone practically unnoticed. But the outcome may be nearly as critical for the region's future as the fate of Mr Kim's weapons programme.

  • OPINION

    Trump and Xi could well break the global system

    News, Michael Schuman, Published on 07/04/2017

    » The world's two most powerful leaders appear to come from different planets. Real estate billionaire Donald Trump craves media attention, loves golf and governs through Twitter. Communist Party boss Xi Jinping evades the public, shutters golf courses and bans Twitter. Sure, at their first meeting at Mr Trump's Florida club this week, the two men may discover some mutual interests -- say, a shared contempt for The New York Times. But they seem unlikely to hit it off.

  • OPINION

    Zombie firms threaten Asia's future

    News, Michael Schuman, Published on 04/04/2017

    » Any horror aficionado knows that the only good zombie is a dead zombie. Don't risk trying to bring one back to life. It'll just come back to bite you.

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