Yonhap Infomax NewsFeb 10
China’s official US Treasury holdings have hit a 15-year low, but experts say true exposure may be understated due to significant Chinese assets held via Belgium, Luxembourg, and Ireland, keeping the overall trend stable at nearly $2 trillion.
#YonhapInfomax
#China #USTreasuries #TICData #BelgiumLuxembourgIreland #BradSetser
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104743
Steve Randy WaldmanJul 15, 2025

“On our current trajectory, we might just get those jobs making tennis sneakers.”

// an excellent piece on China, encouraging sane industrial policy in the US, by #DavidAutor and #GordonHanson

// (good luck with that under the current administration)

https://www.nytimes.com/2025/07/14/opinion/china-shock-economy-manufacturing.html

ht #BradSetser, #GregIp

Opinion | We Warned About the First China Shock. The Next One Will Be Worse.

The Trump administration is fighting the last war while China marches toward dominating the industries of the future.

The New York Times
Steve Randy WaldmanMay 14, 2025
“To save its insurance industry, Taiwan probably needs to intervene massively to keep its currency weak. To save its export industry from the threat of “reciprocal” tariffs, Taiwan likely need to step back from the foreign exchange market and let its currency appreciate.” #BradSetser https://www.ft.com/content/d71c34a0-4ded-4cba-be1c-82384915a8fd
Taiwan’s double, double toil and trouble

Quite the predicament

Financial Times
Steve Randy WaldmanMay 12, 2025
“Apple’s strategy in China has resulted in a transfer of technology and know-how so consequential as to constitute a geopolitical event” #PatrickMcGee https://www.thetimes.com/business-money/technology/article/how-apple-helped-china-become-americas-biggest-tech-rival-8f83tttv5 ht #BradSetser
How Apple helped China become America’s biggest tech rival

Apple relied on cheap Chinese labour as it become the world’s most valuable company. But there was an unforeseen consequence: the millions of workers it trained would go on to transform the Middle Kingdom into a tech superpower

The Sunday Times
Steve Randy WaldmanOct 1, 2024

“if China’s central government has fiscal space—and it uses that space in way that gives households the confidence to spend more—China might be able to recover from its property downturn on its own, without relying even more on exports.” #BradSetser https://www.cfr.org/blog/beijing-still-has-fiscal-space

#economics

Beijing Still Has Fiscal Space.

China's central government has plenty of capacity to implement a counter-cyclical fiscal approach in addressing its economic slowdown.  Net central government debt is very, very low.  

Council on Foreign Relations
Steve Randy WaldmanJun 11, 2024
#BradSetser argues for “launch aid” — gently subsidized state cofinancing — of a new #Boeing commercial aviation platform (and perhaps also of a startup competitor). https://www.liberalpatriot.com/p/time-for-the-us-to-consider-a-bit
Time For the U.S. to Consider a Bit of Launch Aid for Boeing

How some public assistance can help get America's vital but beleaguered commercial aircraft industry back in the air.

The Liberal Patriot