Friday, July 31, 2026

EM Growth Models Debate

The Limits of Asia’s Two Major Growth Models
https://www.project-syndicate.org/commentary/china-india-development-models-limitations-and-lessons-for-others-by-hinh-t-dinh-and-karim-el-aynaoui-2026-07
Data from a period in which both China and India pursued deliberate industrial policies show that neither country's development route is accessible to other countries. At best, their experience can alert policymakers to structural limitations and coordination problems that will require their own homegrown solutions. 
 
Explaining China’s Industrial Competitiveness
https://www.project-syndicate.org/commentary/china-industrial-competitiveness-root-causes-by-miao-yanliang-2026-07
External headwinds have not weakened China’s manufacturing competitiveness. That is because the Chinese economy combines an unusually large manufacturing base, deep supply chains, fast engineering feedback loops, and cutthroat domestic competition to create global powerhouses. 

China is smarter about subsidies than everybody else
https://www.ft.com/content/871976c7-8c4f-405e-803e-d86cf22bcf0f
Beijing is stealing a march on its competitors by targeting strategic sectors.