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Laurence Brahm: Remember the ‘Big Short’? This time it’s bigger
In the movie The Big Short a fund manager takes a position against the rising American stock market, seeing the incubating subprime as a potential crisis that could bring down a house of cards. He effectively bets against the market, or rather he bets against America. Others are shocked and question his acumen. In the end, when the 2008 subprime crisis erupts into a global financial crisis, and America enters a historic recession, short of outright depression, the fund manager cashes in on his bet and makes a fortune as others lose their shirt.
March 14 , 2020 -
He Yafei: Major Power Competition and Cooperation
Why did Sino-U.S. relations take a nosedive in the last few years, to the point of falling into the Thucydides trap — if not already fallen? The gulf between the U.S. and China in their domestic development models, as well as in their views of the future world, is widening.
January 03 , 2020 -
Wang Huiyao: Building A Shared Future for All
The year 2019 was eventful in global affairs. It also marked the 70th founding anniversary of the People's Republic of China (PRC). China has changed in ways unimaginable seven decades ago. It has become a leading engine of the global economy. Its citizens and companies are active all over the world. As China's economic footprint has grown, so has its need for diplomatic engagement.
January 03 , 2020 -
Zamir Ahmed Awan: Creation of Space Force may lead to arms race
President Donald Trump, with the signing of the $738 billion defense budget for the year 2020, has initiated an arms race around the world. The creation of the Space Force includes about 16,000 military and civilian personnel. These include 2,500 military operators, another 6,200 enlisted personnel and about 3,400 civilians. The space force will be the first new branch of the US military in more than 60 years. Several current US Air Force bases eventually will be renamed as they host, mainly, Space Force functions. The list includes Peterson Air Force Base, Schriever Air Force Base, Buckley Air Force Base, Patrick Air Force Base and Vandenberg Air Force Base, among others.
December 24 , 2019 -
He Yafei: Decoupling won’t do any nation any good
Thanks to its fixation with China as a "major strategic competitor", the US administration's strategy of "decoupling" from China is in vogue in the United States. And the fact that the US-initiated trade war has permeated all aspects of Sino-US relationship means it has created even more uncertainty and unpredictability for the world's most important bilateral relationship in the foreseeable future.
December 14 , 2019
