The dismal decade (Part 5: China and Japanification risks) Phuah Eng Chye (27 April 2024) In June 2023, Nomura Research’s Richard C. Koo[1] warned that China’s real estate malaise were symptoms of the potential Japanification of its economy. Richard C. Koo cautioned “China was likely to enter a balance sheet recession and needed to take … “The dismal decade (Part 5: China and Japanification risks)”
Tag: economic war
The dismal decade (Part 4: The economic race: Can China catch US by 2030)
The dismal decade (Part 4: The economic race: Can China catch US by 2030) Phuah Eng Chye (30 March 2024) Where it once appeared inevitable, it is no longer a certainty that China will be able to overtake the US as the world’s largest economy (in nominal terms) in 2030. Most agree China’s peak real … “The dismal decade (Part 4: The economic race: Can China catch US by 2030)”
The dismal decade (Part 3: The economic race: How US is faring)
The dismal decade (Part 3: The economic race: How US is faring) Phuah Eng Chye (24 February 2024) China is considered Pax America’s most formidable challenger ever. A US House of Representative report[1] points out “the CCP’s economic ambitions have taken a severe toll on American workers and companies: In 1978, when the PRC began … “The dismal decade (Part 3: The economic race: How US is faring)”
The dismal decade (Part 2: Adversarial monetary policies)
The dismal decade (Part 2: Adversarial monetary policies) Phuah Eng Chye (27 January 2024) Throughout its hegemonic reign, the USD faced off currency challengers such as sterling, yen and euro which were unable to maintain their economic rankings. With the rise of China, for the first time the US faces a challenger with a population … “The dismal decade (Part 2: Adversarial monetary policies)”
The dismal decade (Part 1: De-dollarisation and currency landscape in 2030)
The dismal decade (Part 1: De-dollarisation and currency landscape in 2030) Phuah Eng Chye (9 December 2023) I will be concluding my blog series soon and the remaining articles will summarise my views on key economic challenges for this decade. This decade is already proving epochal: The US-China decoupling, the end of the Goldilocks economic … “The dismal decade (Part 1: De-dollarisation and currency landscape in 2030)”
The Great Economic War (GEW) (Part 14: The middle game –Instability and reset of world order and global governance)
The Great Economic War (GEW) (Part 14: The middle game –Instability and reset of world order and global governance) Phuah Eng Chye (11 February 2022) The Russian invasion of Ukraine signalled a transition in the great power conflict from the opening phase into the middle game. The opening phase was characterised by preparatory and choreographed … “The Great Economic War (GEW) (Part 14: The middle game –Instability and reset of world order and global governance)“