The pessimists have always been wrong - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

The pessimists have always been wrong

Part of the daily SupChina newsletter. Subscribe for free

Arthur Kroeber is one of the most perspicacious observers of China’s economy. His views are closely scrutinized by global investors. Kroeber has a cautiously optimistic, but entirely hype-free perspective on the movement of money in the Middle Kingdom that many of us at SupChina are in sympathy with, as you can hear in our Sinica Podcast: Arthur Kroeber vs. The Conventional Wisdom.

The China Economic Quarterly, a journal founded by Kroeber 20 years ago, is ceasing publication as the company behind it pursues one-off reports. In the Australian, Rowan Callick summarizes (paywall) “four hard-earned and important lessons about China’s economy” learned during the Quarterly’s 20 year run, and reflected in its final issue:

  • The pessimists have always been wrong;
  • Effectiveness — at allocating resources to produce sustained growth — trumps efficiency;
  • The financial system is stronger than it looks; and
  • And a dynamic economy can survive even authoritarian politics.

Kroeber also believes that “it is basically impossible for China ever to fully liberalise its capital account” because its economic stability depends on a large pool of captive domestic savings, restrictions on capital outflows and limits on borrowing from abroad. As long as this situation continues, China will not be able to take a leading role in the global financial system.

Comparisons are odious, solar power edition

Headlines from the U.S. today:

Meanwhile in China:

JOB AD: Schwarzman Scholars seeks academic officer

With a $550 million endowment, Schwarzman Scholars supports up to 200 scholars annually from the U.S., China, and around the world for a one-year master’s degree program at Tsinghua University in Beijing, one of China’s most prestigious universities and an indispensable base for the country’s science and technology research. Schwarzman Scholars is looking for an academic officer based in New York.

Jeremy Goldkorn

Jeremy Goldkorn worked in China for 20 years as an editor and entrepreneur. He is editor-in-chief of SupChina, and co-founder of the Sinica Podcast.