This makes sense since various reforms since 2013 seek to curb local state interventionism, mostly through regulatory reforms. The central committee's 'suggestions' for the 15th FYP now state explicitly that the 'economic promotion activities' of local governments should be curbed.

Dass das deutsche Model nicht nachhaltig und anfällig für externe Shocks ist, wissen wir spätestens seit der Eurokrise. Da spielt es gar keine so große Rolle, ob der nächste Schock jetzt aus China kommt oder sonst woher.

European businesses (esp. German) create duplicate their operations in China as well under the slogan “in China for China“, transferring tech and IP in the process. This is seen as a form of de-risking. The supply problems arise out of sanctions, not the duplication of Nexperia capacities in China.

“innovation in the United States determines the evolution of the world technological frontier“ That‘s a not unproblematic assumption underlying this model

If he was carrying actual GBP cash rather than the RMB equivalent, then his struggles with the banking system were already solved. The bureaucratic difficulty is in exchanging RMB for FX, not in transferring it.

I don’t think this stuff can ever recover from this burn from Krugman.

A smelly car seems to be one of the most frequent complaints that people have. On the didi app, I now often get assurances that the car I booked supposedly is fresh and clean smelling. doesn’t always hold true.

These are 公告, so they should be public by definition. There are other document types for internal or secret matters. Probably the missing ones aren't ready for release yet.

As the article suggests, there’s a lot that Europe could do domestically. Solar and cars are at least two examples where poor policy and corporate decisions explain decline as much as Chinese competition does. Chemicals could maybe be added to that.

It’s not a crash, it’s a semi-controlled very shallow angle re-entry resulting in a prolonged glide path towards the unplanned landing site that gave the hull plenty of time to cool down.

I'll accept that claim once it's smart enough to grade my students' papers 😅

Passed through there last summer. If you want to experience what the Chinese “frontier” is like, this is it.

Just watched yi yi for the first time recently. What a brilliant movie!

What plugin are you using to distinguish individual words with color?

Now make Pleco on Mac for even better numbers 😅

Maybe I'm being too charitable but I don't think he's saying 'households save, which leads to current account surpluses'. I think he says 'household savings and current account surpluses are the effects of policies that reduce consumption'.