News Analysis China’s GDP growth is expected to fall below 5 percent this year, breaking Beijing’s line of acceptability. The Chinese Communist Party’s (CCP) policies are to blame. The International Monetary Fund (IMF) on Jan. 25 has cut its 2022 China growth forecast to 4.8 percent, and warned that the effects of the collapsing property…
Beijing Will Attempt to Censor the Metaverse
Commentary The metaverse is coming. Imagine users jumping into a virtual reality (VR) mountain lake that feels cold, wet, and buoyant. They “swim” across the lake, using their own arm movements, emerge flying into clouds warmed by a volcano, and bump into an AI-powered Einstein ready to field questions about relativity. To give the feeling…
Chinese TV Show Targets Corrupt Officials, Jack Ma Implicated in Corruption Scandal
Commentary China’s state broadcaster CCTV aired a five-day miniseries on corrupt officials. The trailer featured Zhou Jiangyong, a former top official of Hangzhou city, an e-commerce hub. Details of Zhou’s corruption case reveal that Jack Ma was indirectly involved, which brings him back under the spotlight of Xi Jinping’s anti-corruption campaign. “Zero Tolerance” was aired from…
The Demographic Collapse of China
Commentary Even as China announced slowing growth and its plans to boost growth after the Lunar New Year, it could not hide the collapse in demographics. For many years, as growth continued to roar ahead, bureaucrats wondered whether China would get rich before it got old. China already is old and will face a falling…
Did Xi Tell Putin to Hold Off on Ukraine Invasion?
Commentary Imagine this frightening scenario: It is the first day of the Beijing Winter Olympic Games and pro-Russian separatists in Eastern Ukraine have begun firing on Ukrainian government forces. After several days of fighting, Russian troops decide to enter the country in open support of the separatists. Amassed forces in Russia’s west join troops stationed…
Restoring American Credibility to Defend Taiwan, by Way of Ukraine and Poland
Commentary The most recent crisis in Ukraine and simmering tensions in Taiwan are the result of America’s fallout from Afghanistan. But building a base in Poland is a simple but effective way to mitigate both situations. The fall of Kabul and the disgraceful and disorganized withdrawal of U.S. soldiers and many civilians from Afghanistan has…
China’s Economic Slowdown Affects South Korea’s Major Industries
January 27, 2022
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News Analysis With China’s sharp economic slowdown, South Korea worries that its export industry—including semiconductor, steel, and other major industries that rely heavily on the Chinese market—will suffer a huge setback. Data released by the Korea International Trade Association (KITA) on Jan. 18 reveal that South Korea’s 2021 exports to China amounted to $162.9 billion,…
Are Big Chinese Tech Firms in Trouble?
Commentary When Icarus flew too close to the sun, he got burned, tumbled out of the sky, and fell into the ocean. China’s technology giants have certainly been flying high. The cohort of Alibaba, Tencent, Baidu, and other platform companies have become household names, made their founders billionaires, run apps that Chinese people use on…
Dystopian Olympics
Commentary The Olympics used to be about the unbridled spirit of athletes, of the best of the best pursuing the Olympic motto of “faster, higher, stronger” in competition on a world stage for their country’s glory and their own. The Olympics used to be about the three hallowed Olympian values—excellence, respect, friendship—that spoke of lifelong…
For BlackRock, ‘Stakeholder Capitalism’ Should Reject Partisan Rent Seeking and China Subservience
Commentary I was amused to read the Annual Letter to CEOs from BlackRock’s Larry Fink, his yearly missive to companies in which the investment manager has a stake. Fink seems to marvel that “It’s been two years since I wrote that climate risk is investment risk. And in that short period, we have seen a…
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