South China Morning Post - Global Economy

Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems. He is a professor of economics and political science at the University of California, Berkeley, where he has taught since 1987. He served as a senior policy adviser at the International Monetary Fund in 1997-98. Here, he discusses why today’s “de-dollarisa...

For decades, Wall Street titans – from former Goldman Sachs chief Henry Paulson to Blackstone co-founder Stephen Schwarzman and Bridgewater founder Ray Dalio – were hailed as “old friends of China”, feted by senior officials and granted rare access to the country’s top leadership. Today, while American financiers continue to visit China and maintain commercial links, those priva...

Chinese-French wine merchant Arsen Zhao says business remains strong in Paris, but he is welcoming far fewer customers from Asia than before. “We’ve seen a much sharper drop in customers from China,” Zhao said. “Consumers are trading down, while large volumes of European wine imported previously have yet to be sold, leaving inventories high and weighing on new orders.” As demand...

Chinese carmakers, already at the vanguard of electric vehicle (EV) technology and production, are looking to make a dent in international marques’ full-hybrid vehicle stronghold as they continue to disrupt the global car industry’s pecking order. Major car builders including Geely Auto and Changan Automobile have reported impressive sales of hybrid electric vehicles (HEVs), lur...

China has outlined plans to build a massive road link snaking along the country’s land borders and coastlines – an ambitious project that could boost incomes in a string of remote regions, but also provoke geopolitical and ecological risks. The project is framed as an effort to boost economic development, social stability and national unity, with the more than 25,000km (15,500-m...