https://www.scmp.com/rss/525526/feed Panpan Yang is a senior fellow and head of the Department of International Finance, Institute of World Economics and Politics (IWEP) at the Chinese Academy of Social Sciences. She is also the deputy director of the Research Centre of International Finance (RCIF). Her research focuses on international finance, global macroeconomy and global value chains. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Qiyuan Xu,Panpan Yang Qiyuan Xu,Panpan Yang Global imbalances are once again taking shape, albeit differently than how they manifested before the financial crisis of the late 2000s. Back then, the story was simple: some countries, led by China and Germany, saved too much, while the United States consumed too much. The answer, at least in theory, was also simple: surplus countries should rely more on domestic demand while deficit countries should save more; exchange rates should adjust. While that framework still matters, it no longer... https://www.scmp.com/opinion/world-opinion/article/3349158/how-ai-and-geopolitical-rivalry-are-breaking-economic-orthodoxy?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3349158/how-ai-and-geopolitical-rivalry-are-breaking-economic-orthodoxy?utm_source=rss_feed Wed, 08 Apr 2026 08:30:07 +0000