Will China crash?

A tongue-in-cheek economic indicator with an uncanny track record of accuracy is that any country building the world’s tallest building will shortly thereafter enter recession. Malaysia completed the Petronas Towers in 1998, just in time for the Asian financial...

Holding China Together: a Review

In their new book Holding China Together (Cambridge, 2004), Barry Naughton and Dali Yang assemble a formidable team of specialists to peer into the black box of Chinese politics. Herewith a review and the implications for China’s future. “Municipal officials in...

China’s Crony Crisis

The hype on the Chinese market has reached deafening levels. “If you want to be the world leader in your industry, you must be the leader in China,” said G.E.’s Jack Welch. But a rising chorus of dissenters argue the country’s economy is headed for crisis. So which is...