Posts by John Ross

US is losing the battle for world public opinion to China

Gallup carries out an annual international poll on approval of the leadership of major countries. This year’s poll, covering 134 countries, had a striking conclusion – China’s leadership has overtaken the US in approval not only globally but in every continent surveyed outside North America and possibly Australasia. This is clearly a dramatic shift in international…

Read More

How China out thought the West

Since 1978 there have been three huge international tests of economic analysis and thinking. First, the unparalleled success of China’s reform and opening up. Second, the disastrous failure of the West’s ‘shock therapy’ in Russia starting in 1992. Third, the international financial crisis starting in 2008. In each of these enormous tests China’s economic thinking…

Read More

Despite himself Trump admits the superiority of China’s socialist economy to capitalism

Major events, such as the Trump administration launching tariff aggression against China, inevitably ruthlessly cut away hollow rhetoric and allow the objective facts of a situation to be seen – including revealing how the different forces in a situation really judge it. A particularly striking example of this principle, with deep implications not only for…

Read More

China is now the main pillar of globalisation

The following article, showing the way China has become the main strategic pillar of globalisation, was written to analyse Xi Jinping’s visit to the World Economic Forum in Davos. However the article has not dated as the analysis has been vindicated by events following this. Anti-globalisation and protectionist tendencies were already developing in US policy before Trump’s…

Read More

The US is learning a trade war is truly ‘lose-lose’

The new round of high-level economic and trade consultations between China and the United States started in Beijing on 21 February morning against a background whereby the world, and the U.S., now has a more accurate understanding of the consequences of a “trade war”. When President Donald Trump initially launched tariffs against China, two perspectives were put…

Read More

US share markets fell… so Trump picked up the phone to China!

‘Mr. Trump has looked to calm markets, which have gyrated in recent days’ – that was the comment of the Wall Street Journal on the phone call between President’s Xi Jinping and Donald Trump on 29 December. The markets the Wall Street Journal was referring to in particular were US share markets. On 28 December,…

Read More

The new shape of world politics – disorder in the West, stability in the East

The following article on ‘The New Shape of World Politics – Disorder in the West, Stability in the East’ analyses the reasons for the Trump administration introducing tariffs against China and the background to the recent G7 and Shanghai Cooperation Organisation (SCO) summits. It was originally published in Chinese by Sina Finance Opinion Leaders, therefore some issues…

Read More

China’s socialist ‘reform and opening up’ improved the lives of a greater proportion of humanity than any other country in human history

An earlier article in this series marking the 40th anniversary of China’s ‘Reform and Opening Up’ showed that ​China since 1978 is the fastest sustained growth by a major economy in human history. But this historic fact, although extraordinary in its own right, actually considerably understates the immense scale of China’s achievement. The reason for this…

Read More

Deng Xiaoping – the world’s greatest economist

​August 22, 2014 was the 110th anniversary of the birth of Deng Xiaoping. Numerous achievements would ensure Deng Xiaoping a major position in China’s history – his role in shaping the People’s Republic of China, his steadfastness during persecution in the Cultural Revolution, his extraordinarily balanced attitude even after return to power towards the development…

Read More

The global significance of China’s discussion on the economy’s ‘supply side’

  A major discussion is taking place in China on the issue of its economy’s ‘supply side’. Naturally there are aspects of this which relate to specifically Chinese issues. Discussion in China also differs fundamentally from that in the West in that it takes place simultaneously in both ‘Western’ and ‘Marxist’ economic terms. Nevertheless the overall framework…

Read More