Tag: China’s economy
For Biden, It’s Time to Triangulate
Why are President Joe Biden’s poll numbers so bad?
Is it because of interest rates? Inflation? Crime? The border?
Is it because he’s too progressive? Not progressive enough?
Whatever your theory, it should take into account a curious coincidence: how closely Biden’s approval numbers have tracked the numbers from former President Barack Obama’s first term. Obama’s numbers slumped in the second half of his third year, 2011. In the middle of that October, his disapproval number reached 41 percent, not
The Risks of a Cold War With China
A new cold War has come to seem all but inevitable. Tensions between China and the United States are mounting in step with Beijing’s growing power and ambition. Russia’s invasion of Ukraine has poisoned its relations with the West and pushed Moscow and Beijing closer together, pitting a democratic bloc anchored by the United States against an autocratic one anchored by China and Russia. Much as it did in the 20th century, Washington is teaming up with allies in Europe
Washington Is Getting China Wrong
Evergrande Group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the