https://www.scmp.com/rss/329806/feed Jeffrey D. Sachs is is a world-renowned economics professor, bestselling author, innovative educator and global leader in sustainable development. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Jeffrey D. Sachs Jeffrey D. Sachs The G7 economists’ memo from March and the IMF’s April report on global imbalances arrived at the same prescription: China’s current account surplus is excessive and should be cut by boosting consumption. The diagnosis is wrong. The world economy, especially emerging markets and developing economies, benefits from China’s high saving. A current account surplus is the excess of national saving over domestic investment. The saving is not lost; it is exported abroad in the form of net capital... https://www.scmp.com/opinion/china-opinion/article/3353281/why-world-needs-china-save-more-not-less?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3353281/why-world-needs-china-save-more-not-less?utm_source=rss_feed Wed, 13 May 2026 08:30:08 +0000 Almost a year after Joe Biden’s narrow presidential election victory over Donald Trump, the United States remains on a knife-edge. Many political outcomes are possible. These range from the gradual economic and political reform that Biden is seeking to the subversion of elections and constitutional rule that Trump attempted last January. It’s not easy to diagnose exactly what ails America at its core so deeply that it incited the Trump movement. Is it the ceaseless culture wars that divide... https://www.scmp.com/comment/opinion/article/3160771/us-must-address-political-corruption-and-social-inequality-or-risk?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3160771/us-must-address-political-corruption-and-social-inequality-or-risk?utm_source=rss_feed Sat, 25 Dec 2021 19:30:10 +0000 The arrest of Huawei chief financial officer Sabrina Meng Wanzhou is a dangerous move by the Donald Trump administration in its intensifying conflict with China. History, as the saying attributed to Mark Twain goes, doesn’t repeat itself but it often rhymes. If so, our era increasingly echoes the period preceding 1914. As with Europe’s great powers back then, the United States, led by an administration intent on asserting American dominance over China, is pushing the world towards disaster.  The... https://www.scmp.com/comment/insight-opinion/united-states/article/2177794/supreme-american-hypocrisy-waging-war-huawei?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2177794/supreme-american-hypocrisy-waging-war-huawei?utm_source=rss_feed Thu, 13 Dec 2018 06:30:30 +0000