https://www.scmp.com/rss/501604/feed Hans Yue Zhu is a research assistant at the Yale Jackson Institute for Global Affairs, focusing on public policy and development economics. His research centres on China's economic development and reform, with specific focus on its state-owned enterprises. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com After President Donald Trump assumed office, US policy on China has taken a trenchant turn, characterised by an “America first” protectionism aimed at decoupling the two economies. Since the trade war started in mid-2018, the US and China have ramped up trade tariffs, sanctioned companies and even closed consulates. From the economy to geopolitics, from technology to ideology, the US-China conflict, which recalls US-Soviet tensions, is being labelled by many as the beginning of a new cold... https://www.scmp.com/comment/opinion/article/3105377/forget-decoupling-us-and-china-are-better-together?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3105377/forget-decoupling-us-and-china-are-better-together?utm_source=rss_feed Wed, 14 Oct 2020 17:00:10 +0000 China’s economy is entering uncharted waters of a “new normal”, with growth trapped in a downward spiral. Gross domestic product growth was an anaemic 6 per cent year on year in the third quarter last year, the lowest since 1992. Market expectations remain conservative even after the US and China agreed to the phase-one trade deal last month. But, setting aside China’s slowdown, the real economic peril has been significantly downplayed: there is a looming crisis in China’s banking sector. For a... https://www.scmp.com/comment/opinion/article/3044148/chinas-banking-debt-crisis-ticking-time-bomb-must-be-defused-urgent?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3044148/chinas-banking-debt-crisis-ticking-time-bomb-must-be-defused-urgent?utm_source=rss_feed Wed, 01 Jan 2020 15:00:13 +0000 The trade war that US President Donald Trump launched a year ago has bruised China’s economy. Yet, since 2010 China’s gross domestic product growth has been trapped in a downward trend . Trade war aside, the real danger for China lies in the daunting structural weaknesses in its economy, accumulated through decades of rapid development and growth. The trade war, beyond denting China’s exports, complicates matters by abruptly distorting Beijing’s ongoing endeavour to disentangle its structural... https://www.scmp.com/comment/opinion/article/3019946/us-trade-war-chinas-long-running-economic-reforms-have-been-thrown?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3019946/us-trade-war-chinas-long-running-economic-reforms-have-been-thrown?utm_source=rss_feed Sun, 28 Jul 2019 21:00:11 +0000