The rise of the Chinese EV industry has been enabled not only by generous government subsidies but also by profound changes in strategy and organization, and in particular by a distinctive revival of vertical integration—at both individual firm and national…

China has transformed into a leading force in science, technology, and innovation (STI). With rapidly rising research and development (R&D) expenditure, a larger and increasingly high-quality talent pool, and impressive scientific publication and patenting statistics, the country is set to…

Since the early 2000s, Argentine development finance has undergone a profound transformation. Amid cyclical debt defaults and endless negotiations with Western investors and the IMF, Chinese overseas investment loans have slowly crept to the fore. Between 2007 and 2020, Argentina…

At the start of her three-nation tour of Africa this January,  US Treasury Secretary Janet Yellen spoke to the Associated Press in Senegal, bemoaning the “piling, unsustainable debt” that, she said, “plagued” many African countries. This was a “problem,” she…

April 6, 2023

Analysis

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This is the twelfth edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. The maiden flight of a new cargo route between Shenzhen and São Paulo took off on…

In terms of its size, dynamism, and degree of global integration, China’s market economy is extraordinary. Though it’s known officially as a “socialist market with Chinese characteristics,” its market features far predate the 1978 decision on “reform and opening.” The…

February 11, 2023

Analysis

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China has ended zero-Covid. The resultant viral tsunami is crashing through China’s cities and countryside, causing hundreds of millions of infections and untold numbers of deaths. The reversal followed widespread protests against lockdown measures. But the protests were not the…

China’s high-speed railway network is one of the largest infrastructure programs in human history. Though today international headlines emphasize the decline in China’s growth—lagging behind the rest of Asia for the first time since 1990—for more than two decades, the…

The ongoing crisis for Chinese property developer Evergrande has made the giant company the focal point of global concern. Creditors, investors, contractors, customers, and employees of Evergrande within and outside China have watched anxiously to see whether the Chinese government would…

While a group of statisticians recently found the 2020 US Census to be free of major errors, many were concerned about the census' ability to accurately reflect the population given its coincidence with the height of the Covid-19 pandemic. The debate shed light on the…

The possible collapse of Evergrande, China's second largest property developer, has reverberated through global financial markets. With over $300 billion in outstanding debt, 3.8 million jobs on the line, and investments across consumer industries, the scale of the impact could…

Though the lockdown in 2020 threw many workers out of work, the big fiscal stimulus, fueled by government debt and an unprecedentedly large monetary expansion, offered stimulus checks and elevated unemployment benefits to millions of Americans.

LABOR In her 2007 book, Against the Law: Labor Protests in China's Rustbelt and Sunbelt, sociologist CHING KWAN LEE paints an intricate portrait of the two segments of the Chinese working class that have most acutely experienced the country's changing…