Hung Ho-Fung on Leo Panitch & Sam Gindin, The Making of Global Capitalism. Canada provides the model for America’s frictionless rise to global supremacy.
Hung Ho-fung on Michael Pettis, The Great Rebalancing. A Wall Street insider’s sceptical look at prospects for an orderly recalibration of the world economy.
Hung Ho-fung on Carl Walter and Fraser Howie, Red Capitalism. Two Wall Street China hands assess the PRC’s transition from plan to market.
Portrait of Hong Kong’s contested political scene. With democratizing reforms blocked by an entrenched alliance of CCP and local magnates, an increasingly radical populace seeks to break the deadlock. Might the PRC’s hyper-capitalist region be its weakest link?
Against predictions that China will soon replace the US as the world’s dominant economic power, Hung Ho-fung argues that the PRC’s export-oriented growth and vast dollar reserves have trapped it in a subordinate role—to which much of its elite remains committed.