A fascinating article from Canada’s Global News connects the North American opioid crisis, Chinese gangs, casinos, banks and the Vancouver real estate market:
The South China Morning Post ran a series of articles about the Spanish trade between Asia and Mexico that started in the 16th century.
Nice illustrations describe the journey, the construction of the galleons, life aboard, silk, the Spanish dollar…
Start here: The China Ship – chapter one.
H/T to FT Alphaville for linking to the series.
De Chinese regering heeft de ambitie om tegen het jaar 2020 een sociaal kredietsysteem op poten te zetten. Dankzij een systeem van toezicht op de bevolking geeft de overheid mensen een individuele kredietscore. Een goede score wordt beloond, een slecht afgestraft.
Zo moeten ‘goede’ Chinese huurders bijvoorbeeld geen waarborg betalen. Mensen met een lage score moeten langer wachten in het ziekenhuis of kunnen geen vliegtuigtickets meer kopen. Continue reading “Wat de Belgische overheid kan leren van China”
The Chinese authorities are implementing a Social Credit System. People’s behavior results in rewards (e.g. renting a car without having to pay a deposit) or restrictions (e.g. getting barred from buying plane tickets). So it’s kind of a big carrot and stick mechanism.
As is often the case, it’s not clear what is hype and what is true about the Social Credit System.
This article does a good job explaining the misrepresentations in the media.
Now, there are a few things missing from articles about the Social Credit System that deserve further investigation. Continue reading “Social credit”
The New Yorker published a longread (also available in audio) about the increasing power of China. In his article Making China Great Again, Evan Osnos discusses a range of topics, from international relations and trade to artificial intelligence.
Two parts that I found particularly interesting: Continue reading “The rise of China”
Professor Christopher Balding has published a blog post with his views on the link between the China’s banking system and its currency: Can China Address Bank Problems without Having Currency Problems?
He believes that “it is much more likely that if there are systemic banking issues that currency problems will also arise.”
It is laudable that Prof. Balding summarizes his arguments. By being explicit about the assumptions, readers don’t just have to trust his opinion. Instead they can follow the logic and evaluate the strong and weaker points themselves.
The goal of this post is to counter some of the points listed by Balding to support his conclusion. Continue reading “Problems with Christopher Balding’s analysis of Chinese banks and currency”