As President Biden continues his first visit to Asia as president, it is clear that China is high on the mind of the U.S. foreign policy establishment (PDF). There is a lot of chatter about his recent pledge to defend Taiwan militarily (echoing comments made by George W. Bush in 2001). But let’s step back […]
Category: Asia
What Happens When Evergrande Collapses?
The markets are watching closely for what seems to be the inevitable collapse of Evergrande, a massive Chinese property developer that is almost certainly unable to service its debts. A default would have tremendous repercussions for the Chinese financial system–and with it, the Chinese economy and the global economy as well. All the immediate focus […]
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