November 28, 2017Economics
The global economy will confront serious challenges in the months and years ahead, and looming in the background is a mountain of debt that makes markets nervous—and that thus increases the system's vulnerability to destabilizing shocks. Yet the baseline scenario seems to be one of continuity, with no obvious convulsions on the horizon.
December 13, 2016China
I haven’t written about China’s tourism imports for a while. Suffice to say they remain a puzzle. To recap quickly, China’s reported imports of tourism soared in 2014 and 2015—with imports of touris…