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World Featured News trade

Identifying potential Chinese export redirection in 2024 US trade data

Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in 2024 will be redirected or deflected to third markets. Fearful of intensified competition from Chinese products, some business associations and officials are calling for pre-emptive measures by importing governments. This […]

World Banking Featured Finance

The rise of China as an international lender

In the past decade, China has become the largest creditor to developing countries, surpassing the IMF, World Bank, and Paris Club countries. This column discusses how China’s overseas lending interacts with US monetary policy – another key driver of the global financial cycle. It finds that Chinese and US policies jointly influence the level and […]

World Featured News trade

Redirecting Chinese exports from the US: Evidence on trade deflection from the first US-China trade war

With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned. This column examines the factual record on the frequency of, and foreign government response to, Chinese trade deflection during the first US-China trade war. The authors find that trade deflection […]

Economy Development Featured World

Place prosperity versus people prosperity: Migration and the intergenerational transmission of knowledge

The trajectory of an economy’s development can often be better understood through the historical experiences of its populace. This column investigates the long-term impacts of the fall of the Ming dynasty on socioeconomic status, tracing the effects of this historical shock over five generations covering a time span of 300 years. The findings highlight that […]