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              Stephen Roach

              • Friday, 13 December, 2024
                Markets InsightUS-China trade dispute
                China’s Trump cards in the coming trade war escalation

                US policymakers should think more about retaliatory responses to probable tariff increases

                A montage of a person in a cleanroom suit holding a semiconductor wafer with the Chinese national flag in the background along with an inset showing a bustling shipping port
              • Monday, 30 September, 2024
                Markets InsightChinese economy
                Why China needs a ‘Three Arrows’ strategy

                Beijing should err on the side of acceptance rather than denial and make major efforts to avoid the mistakes of Japan

                China’s President Xi Jinping walks to the podium during a reception on the eve of National Day at the Great Hall of the People in Beijing.
              • Monday, 12 February, 2024
                Markets InsightHong Kong
                It pains me to say Hong Kong is over

                The stock market is likely to remain in the mire until we see convincing economic measures from Beijing

                The city’s skyline at dusk in Hong Kong
              • Monday, 21 August, 2023
                Markets InsightGlobal Economy
                China’s ‘whack-a-mole’ economic playbook leads to confusion

                Policymakers are flailing in tackling the problems of its weak blended economy

                Pedestrians pass stores in Guangzhou, China
              • Tuesday, 18 July, 2023
                US-China relations
                The old approach to US-China relations no longer works

                A new architecture of engagement, based on a Sino-American secretariat, is urgently needed

                Xi Jinping meets Joe Biden on the sidelines of the G20 summit in Bali last year
              • Thursday, 4 August, 2022
                US-China relations
                Two insecure superpowers stumble towards collision over Taiwan

                Just as Russia has cited Nato enlargement to justify its Ukraine invasion, China may see US support for Taipei as a tipping point

                Nancy Pelosi and Tsai Ing-wen wear face masks and stand side by side waving
              • Wednesday, 13 October, 2021
                Central banks
                The sequencing trap that risks stagflation 2.0

                Today’s generation of central bankers is afflicted with the same sense of denial that proved problematic in the 1970s

                Twilight picture of the Federal Reserve building in Washington DC. Central bank such as the Fed haven’t a clue about the links between their asset holdings and the forces of supply and demand that are currently wreaking havoc on inflation
              • Sunday, 6 December, 2020
                US-China trade dispute
                Three priorities for the US to de-escalate the China conflict

                Small steps will be needed to rebuild trust but there are gains to be made on trade and dialogue

                The US and China need improved access to each other’s markets in order to promote long-term growth
              • Monday, 5 October, 2020
                Global Economy
                The end of the dollar’s exorbitant privilege

                A crash is likely given the collapse in US domestic saving and a gaping current account deficit

              • Wednesday, 6 May, 2020
                Global Economy
                A return to 1970s stagflation is only a broken supply chain away

                The death of inflation has been exaggerated and after the pandemic we may need it

                Cars queuing at a petrol station on Woodford Avenue, London, during a petrol shortage, December 1973. (Photo by Evening Standard/Hulton Archive/Getty Images)
              • Tuesday, 7 March, 2017
                US trade
                Donald Trump is suffering from trade deficit disorder

                The temptation to punish China with tariffs is an example of a misguided approach

                Shipping containers sit stacked in a commercial yard at the Port of Everglades in Fort Lauderdale, Florida, U.S., on Friday, Jan. 29, 2016. The U.S. Census Bureau is scheduled to release international trade balance figures on February 5. Photographer: Ty Wright/Bloomberg
              Previous page You are on page 1 Next page

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