Can the global economy withstand new shocks? Take part in our live Ask an Expert Q&A happening now with the FT’s Tej Parikh and Martin Sandbu on.ft.com/4ognzmR
Nineteen years ago, on October 7, 2006, Anna Politkovskaya was assassinated by Putin's hitmen. She was the first to tell the truth about Russia's mass crimes in Chechnya, which foreshadowed those in Syria, Ukraine, Africa and elsewhere. They could have been prevented. Almost no one listened to her.
If it happens it won't be led by Berlin and Paris... the most exciting less-than-27-game in town at the moment is the Spanish "competitiveness lab" effort I think.
"China has failed to persuade trade partners that its surpluses are good for their growth, largely because it has not shown enough interest in making those surpluses contribute to the importers’ growth potential."
Arguably Pettis's understanding of the impact of Chinese industrial policy through trade is the single most important thing in economics you need to get to understand the world right now
Yes. This matched the reality when imports were heading towards 400k EVs per year. And it turns out it has fallen below that. But hey, China shock 2.0.