Today's
Insight
China's Economy:
Great Power, Great Responsibility | Fritz Lodge, The Cipher Brief
Driven by export-led growth and massive state investments in
manufacturing and infrastructure, China enjoyed for about 30 years
a period of scorching GDP growth at an average of 10 percent a year.
However, that growth has now stuttered to roughly seven percent and, as
the country’s upward trajectory flattens, wide gaps have begun to
emerge in the Chinese economic model.
Expert Commentary
Beijing's Inefficient Economic Policies | Scott Kennedy, Deputy Director, Freeman Chair in
China Studies, Center for Strategic and International Studies
"If you go to Chinese factories, Chinese companies, you’ll see
people working extremely hard, the efficiency of manufacturing has
improved, and they have excellent logistics, but capital in China is
wasted in monumental proportions. China spends three to four times as
much now as it did eight years ago to generate the same amount of GDP growth."
Job Creation in the Age of Globalization: Trump
and Xi's Shared Challenge | Dennis Wilder, Former Special Assistant to the President
and Senior Director for East Asian Affairs, NSC
President-elect Donald Trump and President Xi Jinping have more in
common than they currently realize. Both want to make their countries
“great again,” and both need to demonstrate that they can create jobs
for the large segments of their population that have felt left behind
by globalization.
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