Showing 1 - 10 of 70
India's economy is stronger than Trump thinks
News, Shang-Jin Wei, Published on 04/10/2025
» India has long benefited from geopolitical arbitrage, maintaining working relationships with Russia, the United States, and Europe. But this delicate balancing act is now being tested by a series of policy shocks delivered by US President Donald Trump's administration. These disruptions, unlikely to ease anytime soon, raise a critical question: Can India retain its status as the world's fastest-growing major economy?
How might China manage Trump's tariff war?
Oped, Shang-Jin Wei, Published on 24/04/2025
» China has taken a tough stance against US President Donald Trump, matching the last two rounds of US tariffs with tariffs of its own. The US tariff on goods from China is now 145%, while China's is 125%. Why does China take such a position, and are there any off-ramps that would allow it to mitigate the costs of a prolonged trade war?
How to counter Trump's tariffs
Oped, Shang-Jin Wei, Published on 19/02/2025
» After months of threats and speculation, US President Donald Trump has officially launched his long-anticipated trade war. He has just imposed 25% tariffs on all steel and aluminium imports. His new 10% tariff on Chinese imports will further strain the world's second-largest economy, which is already grappling with slowing growth and unfavourable demographics. And his postponed -- but not cancelled -- 25% tariffs on Canada and Mexico, together with threats to impose new tariffs on the European Union, India, and many more countries, put greater pressure on key US allies.
China's big banks post Q3 profit gains
Business, Reuters, Published on 01/11/2024
» BEIJING/SHANGHAI — China's largest lenders posted increases in their third-quarter profits on Wednesday, mostly on reduced provisions, with slimmer net interest margins for some.
Reforming the UN Security Council
News, Shang-Jin Wei, Published on 09/10/2024
» As world leaders recently convened in New York for the United Nations General Assembly, the prospect of reforming the Security Council emerged as a major topic of discussion. A key question is whether the Council should add more permanent members.
China's stimulus could be a boon
News, Shang-Jin Wei, Published on 07/10/2024
» The timing of China's new stimulus package is not coincidental. Arriving just before the 75th anniversary of the People's Republic, the announcement was well-received by equity investors, leading to a surge of more than 15% in the country's main stock indices.
The correct response to Beijing's EV subsidies
Oped, Gernot Wagner & Shang-Jin Wei, Published on 09/04/2024
» US Treasury Secretary Janet Yellen's nearly weeklong visit to China, now underway, will most likely focus on US concerns about Chinese subsidies to producers of electric vehicles and other clean-tech goods.
Biden missed chance to help US and himself
Oped, Shang-Jin Wei, Published on 29/11/2023
» At their recent summit in San Francisco, US President Joe Biden and Chinese President Xi Jinping agreed on a few important issues.
Can China save its economic miracle now?
Oped, Shang-Jin Wei, Published on 12/01/2023
» China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with several challenges, including declining confidence among firms and households about their future incomes in the short run, insufficient productivity growth in the medium run, and an unfavourable demographic transition in the long run.
How did China surpass Thailand?
Oped, Peerasit Kamnuansilpa and Wei Yang, Published on 22/12/2022
» Thailand revolutionised its political and administrative systems in 1932, well before China, which did not start until 1949. The shared drive for this revolution was the economic hardship of the populace. Both Thailand and China were poor nations. Their economy stagnated and was under the control of the privileged groups, the elite rulers in the case of Thailand, and the bourgeois in China. People in the countryside were left with economic plight and suffering. Initially, Thailand had taken a leap toward reform by changing into a constitutional monarchy following a coup led by Khana Ratsadon (the People's Party), supported by young military personnel and Thai students who graduated overseas, to spur economic development and improve the economic well-being of the public.