Insights

Insights

  • China using capital flows to leapfrog up the global value chain

    7 February 2019

    Chinese companies support government objectives on the structure of growth and on the acquisition of technology, allowing China to leapfrog its way up the global value chain. There are signs that this process leads changes in the value of the renminbi and in US tech stocks, with tradeable implications. The US administration, in calling for improved access for US firms to the Chinese economy, should be careful what it wishes for. This is the first in a new series of...