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Xiao Geng
Commentaries by Xiao Geng
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The Night-Watchman State’s Last Shift
HONG KONG – Too often, debate about the relationship between the state and the market casts them as opposing forces locked in a zero-sum str…
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Lending in the Dark
HONG KONG – The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible…
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Quitting the Quota
HONG KONG – On March 1, China’s State Council announced a new batch of restrictions aimed at reining in property prices by curbing speculati…
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Building a Chinese Rechtsstaat
HONG KONG – A consensus is rapidly emerging within China that the rule of law is the single most important precondition for inclusive, susta…
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China’s Antifragile Ambitions
HONG KONG – China has once again reached a crossroads on its journey toward inclusive, sustainable prosperity. At the Chinese Communist Part…
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The Sino-American Mirror
HONG KONG – November was a month of major leadership changes around the world, including Xi Jinping’s confirmation as China’s top official a…
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Reshaping China’s Government-Services Supply Chain
HONG KONG – A supply chain links producers and consumers through a complex web of outsourcing contracts, with market leaders in any product …
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Micro, Macro, Meso, and Meta Economics
HONG KONG – Given the crisis weighing down the world economy and financial markets, it is not surprising that a substantive reconsideration …
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China’s Next Transformation
HONG KONG – During three decades of favorable global economic conditions, China created an integrated global production system unprecedented…
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The East Asian Miracle Revisited
HONG KONG – Almost two decades ago, the World Bank published its landmark study The East Asian Miracle, analyzing why East Asian economies g…
