Mongolia squandering its mining boom riches

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Mongolia’s dependence on mining has intensified in recent decades. Following the discovery of major coal deposits and gold-copper ore in the early 2000s, mining’s economic significance surpassed that of the traditional livestock sector. In 2022, mining accounts for nearly a quarter of gross domestic product (GDP), up from a tenth in 2000. Since the advent […]

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China hopes ‘whole-nation’ scheme can close tech gap

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China’s government says it will use the advantages of its “new-type whole-nation system” to catapult technological progress, an apparent expansion of the authoritarian state’s proven ability to mobilize market and academic resources for development purposes. On Tuesday, a meeting of the Chinese Communist Party’s (CCP) Central Comprehensively Deepening Reforms Commission, chaired by General Secretary Xi […]

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How to save the global free trade order

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The world faces unprecedented and difficult challenges, including US-China rivalry, the Russian invasion of Ukraine, the Covid-19 pandemic, climate change and supply chain disruptions. One consequence of these challenges is the possible division of the world economy into two or more political blocs, not unlike the situation that prevailed before the Second World War. To […]

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US chip-export ban throws wrench into China AI works

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Server racks with telecommunication equipment in a server room. Photo: iStock

The development of China’ s artificial intelligence sector is anticipated to be slowed in the coming few years with the United States’ brand new ban on exports of several sophisticated chips made by -nvidia and AMD, say Chinese IT specialists. Nvidia said last Friday it had been informed from the US government that it must stop conveying […]

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Upsides, downsides to welcoming digital nomads

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Should your community welcome digital nomads – individuals who work remotely, allowing them freedom to bounce from country to country? Our research has found that workers are eager to embrace the flexibility of not being tied to an office. And after experiencing economic losses due to the Covid-19 pandemic, cities and countries are concocting ways […]

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China waiving African debt isn’t about refinancing

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In mid-August, China’s Ministry of Foreign Affairs produced news with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised intensive debt relief for some from the world’s poorest nations. The announcement has been made at the ministerial meeting of the Forum for China Africa Cooperation. In addition to raising food assistance to the continent, […]

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On Labor Day, a mixed review of US unions’ role

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Anyone who has ever glanced at a dictionary sees that a word can have more than one definition. The English word “ labor, ” for example , evokes work in a few contexts (“ labor of love” ) and unions in others (“ labour leader” ). The particular American holiday called Labor Day demonstrates the word’ t fluidity. The holiday was created at the urging […]

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How to make EVs without China’s supply chain

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Two electrifying moves in recent weeks have the potential to ignite electric vehicle demand in the United States. First, Congress passed the Inflation Reduction Act, expanding federal tax rebates for EV purchases. Then California approved rules to ban the sale of new gasoline-powered cars by 2035. The Inflation Reduction Act extends the Obama-era EV tax […]

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China’s energy crisis pushes shift from green to coal

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Two months of scorching heatwaves plus drought plunged Tiongkok into an energy security crisis. The southwest province of Sichuan, for example , relies on dams to generate around 80% of its electricity, with growth in hydropower crucial for China and taiwan meeting its net-zero by 2060 emissions target. Sichuan suffered from power shortages right after low rainfall and extreme […]

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