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How to Restructure Chinese Supply Chains

HONG KONG – “The old is dying and the new cannot be born,” the Italian Marxist theorist Antonio Gramsci wrote in the early twentieth century. We seem to be living in a similar interregnum today, likewise marked by “a great variety of morbid symptoms,” including, not least, the breakdown of global supply chains and the return of inflation. The only way forward is to support the development of new markets, industries, and institutions. But who will finance this effort?...

2023-08-04

Reimagining Development

Hong Kong - The world is in the midst of a global permacrisis. As interrelated shocks – the war in Ukraine, the fallout of the COVID-19 pandemic, the escalating US-China rivalry, climate change, and a looming financial meltdown – threaten to engulf the world’s great powers, it is time for emerging-market and developing economies (EMDEs) to revisit and revise their development strategies....

2023-05-12

A Social-Enterprise Development Model

Hong Kong - Tackling climate change and inequality would be difficult in the best of times. At a time when geopolitical instability seems set to escalate, the Sino-American rivalry grows riskier by the day, and many economies are grappling with soaring debts and inflation, surmounting these challenges seems practically impossible. But even under unfavorable conditions, a systemic, bottom-up approach can yield progress....

2023-03-23

ZHANG Bohui: ESG Is the Concretization of Sustainable Development

In a recent interview with The Economic Observer, Professor Zhang Bohui shared his opinion on “How Can ESG Help Listed Companies Realize High-Quality Transformation in Governance and Carbon Management.”...

2022-12-10

QE with Chinese Characteristics?

By July 2022, Mallaby was predicting that this age was coming to an end. But, while most major central banks are now reversing quantitative easing (QE) and raising interest rates, China may need to head in the opposite direction....

2022-12-07

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