Just as the use of nuclear weapons promises "mutual assured destruction", lack of economic cooperation will lead to "mutual assured deflation" because no single country can revive global demand.

Andrew Sheng and Xiao Geng

Since President Xi Jinping's update at the National Congress of the CCP this month, commentators have furiously debated the theme of "China rising" and Xi's concentration of power in his own hands. They are missing the point.

Andrew Sheng and Xiao Geng | 1 comment