China: Xi’s third term – part 3: chips, dual circulation and imperialism

Even as Xi Jinping was promising China’s Communist Party’s national congress that China would “resolutely win the battle” in key areas of technology, employees of technology companies in China and elsewhere were being told to down tools. Dozens of the hundreds of executives and engineers with US citizenship or green cards who work in or with […]

China: Xi’s third term – part 3: chips, dual circulation and imperialism

China: Xi’s third term – part two: property, debt and common prosperity

In part one of my analysis of China’s economic future, I dealt with the claims that China would slow towards stagnation because its investment rate was too high, the working population was falling fast and the economy needed to become like mature Western capitalist economies based on consumption-led growth.  I argued that the Western capitalist […]

China: Xi’s third term – part two: property, debt and common prosperity