How China’s Middle Class Views the Trade War

The trade war between Washington and Beijing has been analyzed largely through the lens of state-to-state relations. But any attempt to fully assess how the dispute will affect China’s domestic development and foreign engagement must take into account the country’s dynamic middle class, which has suffered the brunt of the ill effects from the trade war. The Chinese middl … https://fam.ag/2RACU33

Can China Internationalize the RMB?

The jury is still out on whether the Chinese renminbi (RMB) will displace the U.S. dollar in the foreseeable future. What is clear, however, is that challenging a hegemonic currency is not simple. For the RMB to eventually reign supreme, not only would the Chinese leadership, particularly the country’s monetary authority, need the political will to prioritize the … http://fam.ag/2n1qHXs

When China Rules the Web

Technology in Service of the State. For almost five decades, the United States has guided the growth of the Internet. From its origins as a small Pentagon program to its status as a global platform that connects more than half of the world’s population and tens of billions of devices, the Internet has long been an American project. Yet today, the United States has ceded … https://fam.ag/2nBBwiM

How Artificial Intelligence Will Reshape the Global Order

The Coming Competition Between Digital Authoritarianism and Liberal Democracy. The debate over the effects of artificial intelligence has been dominated by two themes. One is the fear of a singularity, an event in which an AI exceeds human intelligence and escapes human control, with possibly disastrous consequences. The other is the worry that a new industrial revolution … https://fam.ag/2LILvgx

China and the International Monetary System

Does Beijing Really Want to Challenge the Dollar? In March 2009, a few months after the outbreak of the global financial crisis, the governor of China’s central bank, Zhou Xiaochuan, published an essay on the bank’s website. Zhou criticized the international monetary system for “the inherent deficiencies caused by using credit-based national currencies” and praised the … http://fam.ag/2Hj8P2T