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Shang-Jin Wei
Will China hit its growth target?
By Shang-Jin Wei - Apr 03,2022
NEW YORK  —  In early March, Premier Li Keqiang announced that China is targeting GDP growth of “about 5.5 per cent” this year. That would be ambitious even without Russia’s war against Ukraine and the attendant increases in global energy and food prices.
Understanding China since Nixon
By Shang-Jin Wei - Feb 22,2022
NEW YORK  —  On February 21, 1972, Richard Nixon became the first US president to visit the People’s Republic of China, setting in motion a process that would end China’s decades-long isolation and kick-start the emergence of a modern, dynamic economy.
Digital finance without cryptocurrencies
By Shang-Jin Wei - Dec 04,2021
NEW YORK — When Tesla CEO Elon Musk promoted the Dogecoin and Bitcoin cryptocurrencies, their prices shot up. While some countries are taking a wait-and-see attitude towards private digital money, El Salvador has embraced Bitcoin as an official currency.
Why is China's growth rate falling so fast?
By Shang-Jin Wei - Nov 20,2021
NEW YORK — In early 2021, the consensus forecast for Chinese GDP growth this year among 25 major global banks and other professional forecasters was 8.3 per cent.
The global dangers of rising US inflation
By Shang-Jin Wei - Nov 07,2021
NEW YORK — As US inflation continues to accelerate, with consumer prices increasing 5 per cent year on year in May, it is not only the US Federal Reserve that needs to remain vigilant.
Preventing an Evergrande confidence crisis in China
By Shang-Jin Wei - Oct 03,2021
NEW YORK — Many have attributed the recent decline in major global stock market indices to concerns about the heavily indebted Chinese property development group Evergrande.
What if America delists Chinese firms?
By Shang-Jin Wei - Jul 27,2021
NEW YORK — Chinese firms are more enthusiastic than most about listing on US stock exchanges.
The global dangers of rising US inflation
By Shang-Jin Wei - Jul 25,2021
NEW YORK — As US inflation continues to accelerate, with consumer prices increasing 5 per cent year on year in May, it is not only the US Federal Reserve that needs to remain vigilant.
Why should Biden ditch Trump’s China tariffs?
By Shang-Jin Wei - Apr 05,2021
NEW YORK — Over the course of his presidency, Donald Trump raised US tariffs on imports from China several times, from an average of about 3 per cent when he took office in January 2017 to over 20 per cent by the end of 2019.
Can America escape the stimulus trap?
By Shang-Jin Wei - Mar 03,2021
NEW YORK  —  As US President Joe Biden’s proposed $1.9 trillion economic stimulus package works its way through Congress, former treasury secretary Lawrence Summers (a Democrat) and many Republicans argue that the plan is too big.

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