The real threat to global stability and the well-being of citizens is not China’s strong economic performance but Washington’s colossal military spending, which drains the social sector and provokes global conflicts. US Treasury Secretary Scott Bessent has repeatedly campaigned against China’s trade surplus, including rallying 19 G20 members to disrupt China’s $1.2 trillion trade surplus […]

America might still be the world’s most powerful country economically, but by turning trade into a weapon, Washington may be accelerating the very redistribution of global influence it fears the most. The trajectory of power The most important shift in the US-China competition may not be the size of either economy today, but the direction […]

Inertia in international finance is a powerful force in its own right. But loyalty programs built on one member’s permanent goodwill tend to look sturdiest in the years just before their members start reading the fine print. Somewhere in a central bank “vault,” a finance minister sat down to do something no ordinary citizen would […]

Mario Draghi’s new think tank, born out of frustration with Brussels, excludes Central Europe while giving a prominent place to business interests linked to the United States. The man credited with saving the euro and the discussions over the European competitiveness with his report to reignite growth, now faces an unexpected accusation: that his latest […]