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Have the Economic Constraints on China’s Geostrategic Ambitions Diminished?

The Council on Foreign Relations’ Greenberg Center for Geoeconomic Studies has just put out a new discussion paper by Willian Norris on an important topic: how China’s economic position shapes its foreign policy. Read More

Jul 11, 2017

Middle East and North Africa
Follow the External (Balance of Payments) Breakevens of the Oil Exporters

The global impact of oil’s fall from $100 plus to under $50 a barrel has not gotten as much attention as I think it deserves. For most oil exporters, it has been a profound shock—one that forced such a massive contraction in imports that it pulled down global trade (far more than the trade remedies that tend to dominate the ‘trade” news). A few countries adjusted quickly and relatively efficiently (Russia), though not painlessly. A few have struggled to adapt—notably, because of its large external debt, poor policies, and growing political crisis, Venezuela.

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Jul 6, 2017

China
The Foreign Asset Position of Chinese Banks

Some thoughts on how China's state banks may have funded their growing external loan portfolio

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Jul 3, 2017

China
Strong Evidence That China's Tourism Deficit Is Overstated

Comments on an important new Federal Reserve Working Paper by Anna Wong

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