Category: Thinking About China

Which Way for China’s Yuan?

Commentary The People’s Bank of China (PBOC) is in a bind. On the one hand, the country’s leadership wants to make the yuan a global currency by 2050, replacing the dollar as the world’s preferred reserve currency and primary medium for world trade. On the other hand, China remains very much an export-oriented economy that…


Why Is Beijing Punishing Hong Kong’s Apple Daily?

Commentary Hong Kong’s pro-democracy tabloid, Apple Daily, has printed its last edition on June 24 before shutting down. Apple Daily is no longer a newspaper but a symbol. On June 17, Hong Kong police arrested five top executives of the company. Five hundred police officers searched the newsroom for evidence of the company violating the…


The Best of Times and Worst of Times in Hong Kong. The CCP’s Contradictory Regime.

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it…


Are China’s ‘Wolf Warriors’ Gone?

Commentary In early June, Chinese leader Xi Jinping created a sensation when he urged officials to create a more “lovable” (可愛的) China. As reported by state news agency Xinhua, the country must “make friends extensively, unite the majority, and continuously expand its circle of friends with those who understand and are friendly to China.” Since…


When War Threats Are Real, America Needs More Missile Suppliers

Commentary The United States is facing real threats of near-term war that would create hyper-demand for all types of missiles. So why would Washington allow a constriction of missile technology supply at a time when it should be encouraging an increase in missile production capacity? Our military leaders have been warning us about defense consolidation…


Ban China From the WTO

Commentary Free trade is getting a bad name. It used to be that economists and experts almost universally approved of unfettered international trade, free of distortion from subsidies and tariffs. Now, that gospel is questioned because of the Chinese regime’s unethical trade practices, including dumping products at below market prices and widespread technology theft, along…


General Milley’s Head-Scratching Performance on China and Taiwan Leaves Opportunity to Excel

Commentary Last week the Chairman of the Joint Chiefs of Staff, General Mark Milley, testified in the U.S. Senate that China has “a ways to go” before it can take Taiwan by military force. In other words, the People’s Liberation Army (PLA) isn’t capable of it yet. The Secretary of Defense, retired-General Lloyd Austin testifying at…


Merkel Successor in Germany Panders to China

Commentary Germany’s most likely future chancellor is already saying what Beijing wants to hear. In an interview with the Financial Times published June 21, the leader of Germany’s Christian Democratic Union, the party of current Chancellor Angela Merkel, used phrases that could have been concocted by propagandists in Beijing. CDU leader Armin Laschet, according to…


China’s Disturbing Nuclear Buildup

Commentary In recent summits of Western nations, two shots were fired over the bow of China. At the Group of Seven (G-7) forum held in Cornwall, England, in early June, the leading Western economic powers announced a new international infrastructure initiative, intended to draw lower-income nations away from China’s burgeoning Belt and Road Initiative (BRI)….


Beijing Tries to Respond to China’s Bleak Demographics

Commentary Beijing is now well aware that decades of its one-child policy have at last begun to starve China’s economy for workers and growth potential. The first sign of recognition appeared in 2016, when the government finally rescinded that by then almost 40-year-old stricture on family size. Though the public hardly responded and birth rates…