Liberal 🦶 Cheap @Liberal_Cheap
躺平 Joined September 2016-
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Liberal 🦶 Cheap retweeted
What's in a name? Involution is the latest buzzword in China for its enduring structural overcapacity problem. New label, same old economic imbalances. @michaelxpettis sheds light on this in his latest #ChinaReformImperative article: carnegieendowment.org/posts/2025/08/…
Liberal 🦶 Cheap retweeted
It's a myth that the US lost the semiconductor industry to East Asia. In fact, at present, the US is the *only country* that has firms at every step of the semiconductor supply chain.
Liberal 🦶 Cheap retweeted
7/7 But what really matters is consumption over the long term, and the consumerist orientation of mainstream economics usually misses that the only sustainable way to increase consumption in the long term is not with cheaper imports, but rather with an increase in production.
Liberal 🦶 Cheap retweeted
The newsletter piece is coming in our monthly series #Zhonghua Mundus @Bruegel_org What #Europe must learn from #China’s ascent in critical #technologies? First, scale is needed to advance in radical technologies because the resources required are massive. China has the scale;…
Liberal 🦶 Cheap retweeted
Meaning, China, as it piles into European government bonds, achieves two things: a) Diversify away from USD; b) Make EUR more expensive. And so, it's much more attractive for Europe to import from China vs exporting than before.
Production matters yalebooks.yale.edu/2025/06/06/wha…
Sheffield vs. City politico.eu/article/britai…
Liberal 🦶 Cheap retweeted
Europe: dumping ground for Chinese industrial overproduction. Big risks: de-industrialization; more political populism, disintegration. And yet almost nobody talks about it.
Europe: dumping ground for Chinese industrial overproduction. Big risks: de-industrialization; more political populism, disintegration. And yet almost nobody talks about it.
China's GDP target carnegieendowment.org/posts/2025/05/…
Bank reform in europe open.substack.com/pub/siliconcon…
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