Former Chief Economist, Asian Development Bank
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The Missed Opportunity of the Biden-XI Summit
The failure of the San Francisco meeting between Joe Biden and Xi Jinping to address punitive trade measures will hurt the global economy – and American firms and households, writes Shang-Jin Wei.
How will the digital renminbi change China?
China's planned rollout of a national digital currency will not aid in the internationalisation of the renminbi, but will instead, as former Chief Economist at the Asian Development Bank Shang-Jin Wei argues, shift the power imbalance between the banks and Big Tech.