A tangle of wires on a back street in Xi'an, Shaanxi Province, April 2018

China’s AIIB Expected To Lend $10-15bn A Year, But Has Only Managed $4.4bn In...

Despite fears that China would channel AIIB money direct to its military allies and other unsavory regimes, the number one beneficiary of AIIB lending to date has been democratic India.
Scene from a restaurant district in Xi'an, Shaanxi Province, April 2018

The US Trade Deficit With China Grew In 2017 Because The US Economy Is...

Coming amidst the fastest economic growth in three years and four Fed rate hikes in 12 months, it seems clear that America’s burgeoning capital account surplus reflects the fact that international investors are looking for a piece of the action in the world’s more advanced, most dynamic mature economy.
A quiet temple scene in Xi'an, Shaanxi Province, April 2018

Fears That China Will Abandon The Dollar Are Greatly Exaggerated (As Usual)

As long as China has currency reserves, it will keep them mainly in Dollars.
Landscape flowers surrounding the Bell Tower, Xi'an, Shaanxi Province, April 2018

A User’s Guide To China’s Economic Statistics

If all else fails, China’s disciplined leadership can always massage the numbers to suit its goals.
A view of the city wall of Xi'an, Shaanxi Province, April 2018

Alibaba’s Failed MoneyGram Deal Shows How China’s Payment Wars Are Spilling Over Into The...

The Treasury Department is probably right to be concerned about a Chinese company buying MoneyGram and using it as a platform to enter the U.S. payments market.
Nighttime scene in Xi'an, Shaanxi Province, April 2018

India Will Outgrow China In 2018, But Must Invest In Next-Generation Value Chains To...

In contrast to China, India has the bad luck to be surrounded by poorer countries, not richer ones, and to look across the Indian Ocean to Antarctica, not across the Pacific Ocean to California.