“Normalising trade relations with China was a mistake”

Counter-factual history : what if there was not the “Permanent Normal Trade Relations” statute for China in 1998/2000 ? For sure : no entry to the WTO, no global value chains, no economic great leap forward. Probably : a more endogenous development for the Popular Republic, and maybe a better respect of the human &…… Continue reading “Normalising trade relations with China was a mistake”

Knowing China : Monetary History from the Qing Dinasty

It’s a 80-years Hong Kong German mint collector who has an interesting thesis : the Chinese fall did not begin in the 19th century following the Opium Wars, but well before, because of currency debasing starting at least a century earlier. Proposals by a reform-minded official, Wang Maoyin, in 1854, to develop a paper currency that…… Continue reading Knowing China : Monetary History from the Qing Dinasty