https://www.scmp.com/rss/524760/feed The latest news and top stories on the Peterson Institute for International Economics (PIIE). A Washington DC-based nonpartisan research organisation, PIIE is dedicated to strengthening global economic prosperity and human welfare through analysis and policy solutions. Its main areas of focus include international trade, finance, macroeconomic policy and global economic issues, including climate change and supply chains. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mia Nurmamat Mia Nurmamat China’s exports of rare earth permanent magnets to the United States continue to fall, at a time when Washington and its allies are stepping up efforts to reduce reliance on the country’s critical mineral supply chains. Shipments of permanent magnets to the US totalled 994 tonnes in January and February, down nearly 22.5 per cent year on year, according to data released on Friday by China’s General Administration of Customs. This marked the seventh consecutive month of decline. Over the two... https://www.scmp.com/economy/global-economy/article/3347326/chinas-rare-earth-magnet-exports-us-keep-falling-europe-gains?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3347326/chinas-rare-earth-magnet-exports-us-keep-falling-europe-gains?utm_source=rss_feed Fri, 20 Mar 2026 13:30:09 +0000 Xinmei Shen Xinmei Shen US crypto advocates have increasingly pointed to competition with China’s new interest-bearing e-CNY to demand legislative clarity on stablecoin yields, but China is charting a completely different course for the future of digital money, experts said. “The world’s two largest economies are not so much competing in digital assets as they are pursuing very different strategies,” said Andrew Fei, a partner at law firm King & Wood Mallesons in Hong Kong. Winston Ma, adjunct professor and executive... https://www.scmp.com/news/us/article/3347221/us-china-split-digital-money-deepens-stablecoin-debate-stalls-clarity-act?utm_source=rss_feed https://www.scmp.com/news/us/article/3347221/us-china-split-digital-money-deepens-stablecoin-debate-stalls-clarity-act?utm_source=rss_feed Thu, 19 Mar 2026 17:22:14 +0000 Luna Sun Luna Sun China would have bought nearly 60 per cent more goods from the United States in 2025 if not for US President Donald Trump’s trade wars, according to a former chief economist at the US State Department. That shortfall would have reached about US$90 billion for the year, wrote Chad Bown in an article published on Tuesday by the Peterson Institute for International Economics, where he is a senior fellow. His comments came as US goods exports to China declined sharply by 25.8 per cent in 2025 from a... https://www.scmp.com/economy/global-economy/article/3345260/trumps-tariff-wars-reshaped-us-china-trade-what-cost-american-firms?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3345260/trumps-tariff-wars-reshaped-us-china-trade-what-cost-american-firms?utm_source=rss_feed Tue, 03 Mar 2026 10:00:39 +0000 Xinyi Wu Xinyi Wu China has defended the World Trade Organization’s non-discrimination principle after the United States and the European Union recently proposed reforms that could weaken it – though analysts say the rule would likely remain despite deepening divisions within the global trading system. Beijing called for “most-favoured nation treatment” to remain the “bedrock” of the WTO, in a new position paper on reforming the international body. The rule mandates that any trade advantage granted to one country... https://www.scmp.com/economy/global-economy/article/3344156/china-defends-wtos-most-favoured-nation-principle-after-us-eu-challenge-rule?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3344156/china-defends-wtos-most-favoured-nation-principle-after-us-eu-challenge-rule?utm_source=rss_feed Fri, 20 Feb 2026 13:00:09 +0000 Lucy Quaggin Lucy Quaggin Countries having cautious reliance on China while maintaining constructive engagement is essential to the future of globalisation in a world where trade is increasingly used as a weapon, according to Canada’s former deputy prime minister. “In a world where the weaponisation of trade is real, we need to be thoughtful about where we’re building economic dependencies,” Chrystia Freeland told the Peterson Institute for International Economics during a discussion about the securitisation of trade and... https://www.scmp.com/news/china/diplomacy/article/3342437/future-globalisation-less-economic-dependency-china-freeland-hopes?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3342437/future-globalisation-less-economic-dependency-china-freeland-hopes?utm_source=rss_feed Thu, 05 Feb 2026 00:02:35 +0000 Alice Li Alice Li China has recorded a five-year peak in the number of provincial governments raising minimum wages, official data showed, as Beijing pledges to “invest in people” to support economic growth over the course of its latest five-year plan. Twenty-seven of the mainland’s 31 provincial-level jurisdictions have increased monthly minimum wages over the past year, with half introducing double-digit rises – outpacing China’s 5 per cent gross domestic product growth rate in 2025 – according to the Post’s... https://www.scmp.com/economy/china-economy/article/3341028/china-raises-minimum-wages-amid-drive-boost-household-spending?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341028/china-raises-minimum-wages-amid-drive-boost-household-spending?utm_source=rss_feed Sun, 25 Jan 2026 08:00:13 +0000 Mia Nurmamat Mia Nurmamat Private sector enterprises comprised 40 per cent of the top 100 listed Chinese companies by market value in the second half of last year, led by high-profile technology firms involved in China’s artificial intelligence (AI) boom, according to the Peterson Institute for International Economics. That represented an increase of 2.4 percentage points from the first half of last year, the Washington-based think tank said in a report released on Tuesday that also highlighted a marked rebound from a... https://www.scmp.com/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed Thu, 22 Jan 2026 12:00:10 +0000 Frank Tang Frank Tang The US Supreme Court lawsuit challenging President Donald Trump’s tariff war and the recent budget fight on Capitol Hill might have dragged down – if not sunk – one of Washington’s proposed tools to spearhead its strategic competition with China. Ten months after Trump’s executive order authorising the creation of the nation’s first-ever sovereign wealth fund (SWF), there are still few clues about how it can be funded, structured and managed, leaving a giant question mark on whether it could run... https://www.scmp.com/news/us/diplomacy/article/3334968/why-trumps-sovereign-wealth-fund-brings-high-stakes-and-serious-risks?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3334968/why-trumps-sovereign-wealth-fund-brings-high-stakes-and-serious-risks?utm_source=rss_feed Tue, 02 Dec 2025 19:14:37 +0000 Frank Tang Frank Tang Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic reforms via renewed government intervention into the market. This interview first appeared in SCMP... https://www.scmp.com/economy/china-economy/article/3333699/why-us-economist-nicholas-lardy-thinks-peak-china-theory-has-peaked?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3333699/why-us-economist-nicholas-lardy-thinks-peak-china-theory-has-peaked?utm_source=rss_feed Sun, 23 Nov 2025 22:00:27 +0000 Frank Tang Frank Tang Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic reforms via renewed government intervention in the market. SCMP Plus readers get early access to... https://www.scmp.com/plus/article/3333495/nicholas-lardy-chinas-unique-economic-advantage?utm_source=rss_feed https://www.scmp.com/plus/article/3333495/nicholas-lardy-chinas-unique-economic-advantage?utm_source=rss_feed Thu, 20 Nov 2025 05:15:08 +0000