Jan 28, 2020Keyu Jin
assesses the “phase one” US-China trade deal, questions whether the US can ever accept China’s development model, and highlights a key difference in how the Hong Kong protests are viewed inside and outside China.
Even in a crisis as grave as the COVID-19 pandemic, money is not a panacea, and borrowing makes sense only if it is carried out prudently and reasonably. Otherwise, states will jeopardize their long-term financial flexibility, price stability, and competitiveness.
worries that monetization of pandemic-related government borrowing will boost inflation and erode competitiveness.