great new article from Development and Change . can't be more timely when everyone is talking about China's overcapacity. this one traces when and how Chinese economy moved from scarcity to overproduction and waves of gov't industrial policy that aggravate the trend onlinelibrary.wiley.com/doi/full/10.11…

There are a handful more days left for those working on authoritarian and challenging environments to apply for our June workshop. EOI details below 👇

📢 OCIS is coming back!

The EOI to host #OCIS2025 is open now

Send Expressions of interest (EOI) to host the eleventh biennial OCIS in July 2025 to [email protected] by May 24th

UQ POLSIS

Bloomberg: 'After years of fits and starts, Venezuela is setting the stage for one of the largest and most complex debt restructurings in decades — unwinding a $154 billion web of defaulted bonds, loans and legal judgments.'

bloomberg.com/news/articles/…

Overcapacity, perhaps, even by Liao Min's standards?

ICE sales were just under 18m cars last year.

per Keith Bradsher 'China has more than 100 factories with the capacity to build close to 40 million internal combustion engine cars a year.'

The old idea that the young are more progressive than the old is beginning to fall apart.

New WHO pandemic regulations are turning out not to be the globalist power grab feared by many anti-lockdown campaigners.

Lee Jones and Shahar Hameiri explain that the real source of repressive health regulation is much closer to home than the WHO.

thenorthernstar.online/2024/04/23/who…

Underconsumptionism comes to haunt China. Nobody would have believed this 20 years ago. A century ago it was unthinkable (for China).

Crucial point.

This seems like a mistake of historic proportions. I hope to be proven wrong.

To what extent is China’s Belt and Road Initiative (BRI) purely driven by its competition with the US?

Shahar Hameiri & Lee Jones’ #free article moves away from geopolitics and analyses the commercial motives driving BRI lending. Read: doi.org/10.1093/ia/iia…

Very happy to share a pre-print On exchanges' in the organisation of capital markets (commonalities, differences & contestations), of for the Cambridge University Press - Politics 'Cambridge Companion to Financial Infrastructures' edited by CarolaWestermeier //c-westermeier.bsky.social, Malcolm CV & Barbara Brandl🙂
osf.io/preprints/osf/…

This is textbook entrapment/abandonment material.

In the short term this approach would work boosting growth, just as the post-GFC stimulus did. But how long will it work for?

China’s economic growth beat expectations in the first quarter, as factory output led the expansion bolstering expectations the nation can hit its ambitious annual target trib.al/sOuEwyc

' #China will soon cease displaying real-time data for flows into the world’s 2nd-largest stock market through Hong Kong, cloaking a closely-watched indicator of foreign sentiment' bloomberg.com/news/articles/…

If you are in town, please join Bec Strating and me for the Adelaide launch of Girt by Sea - Tuesday 30 April at 5.30pm at the National Wine Centre. Come for the stimulating discussion - stay for the excellent wine! Uni of Adelaide La Trobe Asia

Tickets: events.humanitix.com/girt-by-sea-re…

Wow, this is a remarkable collapse. I wonder what the equivalent figures for Australia are.

Europe's car industry is in such a tight spot - block Chinese EVs' access to the European market and potentially lose its supply chain, which is often Chinese. Let them in in big numbers and risk being hammered by cheaper, often better, competitors.

New short piece from me East Asia Forum, building on work with Lee Jones, that examines how China's fragmented governance shapes China's hardball approach to sovereign debt restructuring. eastasiaforum.org/2024/04/07/how…