I had a new article this week in Foreign Policy magazine on what may seem like an awfully arcane topic — a standoff between US and Chinese regulators over audit standards — but in fact has potentially huge implications for the future relationship between the world’s two largest economies.  You can read it below, or check out the […]

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I was on CNBC’s PowerLunch on November 29, 2002, responding to questions about investor concerns over recent protest and whether China is an investable market. Take a listen here:

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In July 2020, I was asked by the China Institute to participate in their video podcast series “Pieces of China”. Each guest speaker chooses an object from China’s past as the window into the country’s culture and history. Given my interest in economics, I chose the 1911 Hukuang Railway Bond. In this talk, I describe […]

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Part 5: Aftermath (The morning of June 4 onwards) June 4, 1989, 6:00am – Morning commuter is greeted by an army at south end of Tiananmen Square. June 4, 1989, 6:00am – Local residents in western Beijing commute through a still-burning war zone. June 4, 1989, 6:00am – Beijing residents show spent bullet casings from […]

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Clear the Square (May 30 – June 4) May 30, 1989 – Plainclothes policeman warns students protesting at Beijing police HQ they are violating martial law. May 30, 1989 – Pro-democracy demonstrators wave from bus windows in Beijing. May 30, 1989 – Student tells New York Times: “Tiananmen Square has become a symbol of democracy […]

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Part 3: Attempts to Impose Martial Law (May 20 – May 30) May 20, 1989 – New York Times front page: May 20, 1989 – In early morning hours, troops successfully sweep hunger strikers from Shanghai’s People’s Square. May 20, 1989 – Crowds of unarmed citizens block army troop convoys from entering Beijing to enforce […]

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From a Twitter thread I wrote on December 10, 2022: 1. Xi is visiting Saudi Arabia, so I see we’re going to do the “OMG, the Saudis are going to start accepting the RMB for oil and destroy the dollar” thing, so let me explain why I don’t see that as being in anyone’s real […]

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From a Twitter thread I wrote on 1. I’m going to start over with what I hope will be an informative thread on “What is Phoenix TV?” 2. People in the US started asking this because a Chinese correspondent from Phoenix TV asked President Trump a question yesterday at his briefing, and he questioned her […]

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From a Twitter thread I wrote on June 2, 2021. 1. As with the NBA/Hong Kong kerfuffle in 2019, John Cena’s apology to Chinese fans over Taiwan has sparked a new round of anxiety over US businesses “kowtowing to China”. I have some thoughts (thread). https://www.washingtonpost.com/opinions/2021/05/31/hollywood-just-cant-stop-groveling-china/ 2. The concern often articulated involves the Chinese government/party […]

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From a Twitter thread I wrote on May 23, 2022: 1. How to evaluate Biden’s recent statements that the US would defend Taiwan in the event of an attack by China? Is this a smart thing, a dumb thing, or does it even matter? A thread. 2. On the one hand, the US has no […]

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