https://www.scmp.com/rss/510533/feed Karman Lucero is a Fellow at Paul Tsai China Centre at Yale Law School. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Karman Lucero Karman Lucero For observers accustomed to a market economy, China’s can look like a contradiction. On the one hand, it is an unstoppable juggernaut, a manufacturing superpower with a US$1 trillion-plus trade surplus demonstrating its prowess and leverage across supply chains. China is also moving up the value chain, producing steel and widgets while also leading the world in solar panels, electric vehicles and the batteries that power them, industrial robots and more. China is even close behind or on par with... https://www.scmp.com/opinion/china-opinion/article/3346108/more-abundance-less-prosperity-why-2-chinas-are-emerging?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3346108/more-abundance-less-prosperity-why-2-chinas-are-emerging?utm_source=rss_feed Wed, 11 Mar 2026 21:30:11 +0000 Karman Lucero Karman Lucero What are the origins of China’s leverage in the trade war? And why are China’s exports disrupting markets across the world? That China has a strong hand is largely because it has picked up lessons from Silicon Valley and deployed the tactics at every level of the supply chain. Just as Silicon Valley companies “hacked” markets by upending traditional notions of best business practices and industry dynamics, many Chinese companies are doing the same with the global economy – and transforming... https://www.scmp.com/opinion/china-opinion/article/3315063/china-taking-silicon-valleys-market-hacks-whole-new-level?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3315063/china-taking-silicon-valleys-market-hacks-whole-new-level?utm_source=rss_feed Wed, 25 Jun 2025 21:30:08 +0000 The abrupt end of China’s harsh zero-Covid policy appears to have surprised even the government officials that executed it. The course of both zero-Covid and its bewildering reversal offer important lessons about the strengths and limits of China’s government. Typically characterised as highly centralised, China’s government is actually one of the most decentralised governments on earth in terms of regional and local fiscal responsibility. In other words, regional and local governments in China... https://www.scmp.com/comment/opinion/article/3208964/chinas-officials-leaving-zero-covid-behind-far-harder-enforcing-it?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3208964/chinas-officials-leaving-zero-covid-behind-far-harder-enforcing-it?utm_source=rss_feed Tue, 07 Feb 2023 00:15:11 +0000 Karman Lucero,Jiaying Jiang Karman Lucero,Jiaying Jiang As countries experiment with central bank digital currencies (CBDCs), China is the only large economy with an actively deployed CBDC: the digital yuan, or e-CNY. China’s central bank recently announced that the e-CNY will no longer be limited to Chinese people or domestic businesses but can be used by foreigners in China, particularly at the upcoming Beijing Winter Olympics. China will also explore the applicability of the e-CNY in cross-border transactions, so it may spread... https://www.scmp.com/comment/opinion/article/3144703/chinas-digital-yuan-ambitions-raise-more-questions-answers?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3144703/chinas-digital-yuan-ambitions-raise-more-questions-answers?utm_source=rss_feed Sun, 15 Aug 2021 02:15:06 +0000