Christopher Balding (for Info only, not official)

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Christopher Balding

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    ...The accomplishments are real. But they’re not necessarily evidence of Western failure or Chinese invincibility. In touting such achievements, commentators too often overlook the structural factors that have shaped them. Economists now recognize just how much of economic interaction is driven by such forces. For instance, the gravity model in international trade posits that the distance between countries impacts how much they trade. No matter how warm the ties between China and Bolivia, sheer distance will always limit their bilateral trade volumes. By contrast, despite frosty relations, large amounts of trade and investment flow between China and Taiwan owing to proximity and shared language. ...

    Live Mint on Dec. 4, 2017, 11:58 p.m.

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    ...The accomplishments are real. But they’re not necessarily evidence of Western failure or Chinese invincibility. In touting such achievements, commentators too often overlook the structural factors that have shaped them. Economists now recognize just how much of economic interaction is driven by such forces. For instance, the gravity model in international trade posits that the distance between countries impacts how much they trade. No matter how warm the ties between China and Bolivia, sheer distance will always limit their bilateral trade volumes. By contrast, despite frosty relations, large amounts of trade and investment flow between China and Taiwan owing to proximity and shared language. ...

    Live Mint on Dec. 4, 2017, 12:08 p.m.

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    ...Underneath all the heady talk about China positioning itself at the heart of a new global order, though, lies an uncomfortable question: Can it afford to do so? Such doubts might seem spurious, given the numbers being tossed around. China claims nearly $900 billion worth of deals are already under way, with estimates of future spending ranging from $4 trillion to $8 trillion, depending on which Chinese government agency is doing the talking. At the conference itself, Chinese President Xi Jinping pledged another $78 billion for the effort, which envisions building infrastructure to link China to Europe through Asia, the Middle East and Africa. From no other country in the world would such pledges be remotely plausible. ...

    Live Mint on May 18, 2017, 4:30 a.m.

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    ...Such doubts might seem spurious, given the numbers being tossed around. China claims nearly $900 billion worth of deals are already underway, with estimates of future spending ranging from $4 trillion to $8 trillion, depending on which Chinese government agency is doing the talking. At the conference itself, Chinese president Xi Jinping pledged another $78 billion for the effort, which envisions building infrastructure to link China to Europe through Asia, the Middle East and Africa. From no other country in the world would such pledges be remotely plausible. Yet even for China, they’ll be difficult to fulfil without clashing with the country’s other objectives. The first question is what currency to use for all this lending. ...

    Live Mint on May 17, 2017, 12:48 p.m.

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    ...There's a better model to be found, however, one that's surprisingly close to home: the southern boomtown of Shenzhen.The city's Nanshan district, home to a huge High-Tech Industrial Park, is now China's richest, with a higher per capita GDP than even capitalist Hong Kong, just across the border. Indeed, Shenzhen's rapid success could well be more remarkable than the latter's: Little more than a fishing village in 1979, when Deng Xiaoping decided to launch China's reforms in a special-economic zone there, Shenzhen has since grown into a megacity of more than 11 million people with a GDP five times Macau's. At an average of $727 per square foot, real estate prices are higher than anywhere in the U.S.; the city will soon be home to the world's fourth-largest skyscraper. ...

    NDTV on June 14, 2016, midnight