Peng Shengyu
Research Fellow, Charhar InstituteArticles by Peng Shengyu
Economy
Chinese academic: Less exports, more wealth redistribution needed in China
China's imports and exports of goods totalled 18 trillion RMB in the first half of this year, 27% higher than the same period last year. However, instead of rejoicing over soaring numbers, Chinese academic Peng Shengyu warns that huge exports also point to a great loss of domestically created material wealth flowing overseas. He says by unreservedly supplying China-made goods to the US who has the power to print money in abandon, and leaving wealth accumulation in the hands of individuals, the Chinese government has not done enough to improve the lives of its people, especially the poor.
Peng Shengyu
06 Oct 2021
Politics
Chinese academic: China will pay the price for underestimating the US
The US's withdrawal from Afghanistan was ugly and messy, but certainly not anywhere catastrophic enough to say that this marks the end of US hegemony. China should not underestimate the US's strength. In fact, while the US flexes its muscles in conventional warfare and pledges a "no first use" nuclear stance, China should beef up its nuclear deterrence quotient for greater insurance against the US.
Peng Shengyu
22 Sep 2021