Ensuring manufacturing dominance: Beijing’s embrace of producer services

Following their Beijing summit, the US and China once again have diverging accounts of what they agreed to. With one crucial exception: stability. For all that was conflicting or unclear, both referred to “strategic stability.” The key question: Will differing… Read More »

In the lead-up to US President Donald Trump’s visit to China last week, the policyverse was holding its breath to see what the summit would herald for Taiwan. On the surface, nothing much seemed to happen. Xi Jinping forcefully restated… Read More »

To read this macro wrap as a PDF, click here. April's economic data hit like a cold shower. Every key indicator, bar exports, badly undershot forecasts: Industrial output grew at its slowest pace in nearly three years, investment collapsed, and… Read More »