Member Views

China must shield the rest of its economy from the property contagion

The Bretton Woods Committee is proud to Member Spotlight a recent opinion article authored by BWC Vice-Chair William Rhodes and Group of 30 Executive Director Stuart Mackintosh. The article emphasizes the imperative for China to safeguard the broader economy from the property contagion. Their suggestions include advocating for short-term resilience and endorsing Beijing's consideration of allowing developers to face consequences.

China Stuck.

The Bretton Woods Committee is pleased to Member Spotlight Rebecca Patterson's recent publication with News Items exploring China's economic challenges and the limitations it faces in achieving sustained growth. Overall, Rebecca appears to suggests that significant policy changes are needed to address China's growth limitations

China Would Be Able to Double Its GDP by 2035, Says Bank of America

China has stood out as one of the fastest-growing economies amid the Covid-19 pandemic, says Helen Qiao of Bank of America in an interview with CNBC’s “Street Signs Asia.”   

China's Reforms Move May Just Be Bargaining Chip for US Negotiators

China is coherent with their plan to be an open economy and its belief in the power of globalization.

China's Self-Destructive Tech Takedown

China’s leaders think that they can crack down on the country’s private technology sector and still deliver material progress as state-owned companies take over. But by reversing the policies that enabled decades of rapid growth, they risk imperiling the unique economic model they seek to sustain.

China’s Big Gamble in the South China Sea

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran's recent article in The Diplomat discussing the escalating tension between China and the Philippines over their sovereignty dispute concerning the Second Thomas Shoal in the South China Sea.

According to Tran, "Heightened China-Philippines tension around Second Thomas Shoal could escalate to military skirmishes – and that’s a chance Beijing appears willing to take."

China’s impending Minsky moment

Two years ago, Zhou Xiaochuan, then China’s central bank governor, told a press conference at the 19th Communist party Congress in Beijing that too many procyclical factors in the economy and excessive optimism risked generating “accumulating contradictions that could lead to the so-called Minsky moment”.

Christine Lagarde enters the European Central Bank at a perilous moment

Lawrence H. Summers is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Barack Obama from 2009 through 2010.

Circle

This week we welcome new member Circle.

Circle is a fintech firm that enables businesses to use digital currencies and blockchains for payments and commerce worldwide.

We appreciate their support for our work and mission, and we look forward to their engagement!

Circular Business in the Global Economy: Priority on Redesign

Aside from accelerating decarbonization of industries, a key priority in the global economy today is to reduce the use of virgin materials. In discussions over the circular economy (CE), emphasis is usually put on “reusing” and “recycling”. Instead, for CE to grow sufficiently to avert the grim projections of the global economy running out of materials within decades, more pervasive change is needed. The notion that products and materials that depreciate slower are more valuable must be better internalized by their industrial and household consumers.