Trump’s Year of Magical Economic Thinking

 It is a relief that Donald Trump has finally turned to policy. Because now we can see, finally, that his policy ideas are as frothy, bombastic and detached from the world as the rest of his rhetoric. What the GOP candidate outlined in his big economic speech in Detroit on Monday relies entirely on an outdated theory (trickle-down economics)

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Why Trump Can’t Become a Dictator

Not only hasn’t he retracted his pledge to ban Muslims from America’s shores, Donald Trump has doubled down on it over the past week. In the wake of the Orlando shootings, Trump announced that as president he would “suspend immigration from areas of the world where there is a proven history of terrorism against the U.S.” 

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‘Authoritative’ Pessimism in China

China’s economy, long a source of global dynamism, is changing into a source of instability. Growth, still rapid by international standards, is gradually decelerating, as a nearly three-decade-old investment- and export-led strategy delivers diminishing returns. Yet the Communist Party, beholden to — or composed of — interest groups that benefit from the status quo, has not shifted decisively toward more reliance on consumer demand and investment by private firms. Instead, Beijing continues to goose short-term growth with loans to bloated state-owned banks and industries.

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What Apple Has to Fear from China

No company wants to report that its sales have declined. But when you’re Apple, which has consistently seen its revenues grow for more than twelve years, it’s not just bad news but a serious kink in a joyful narrative of boundless possibility. Earlier this week the company—the most valuable in the U.S.—told shareholders that revenues had declined by thirteen per cent.

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China’s Buying Up Foreign Companies, So the U.S. Might Need to Rethink its Trade Strategy

Chinese President Xi Jinping has a problem related to his nation’s growing demand for high-quality food and other agricultural products. In December 2013, Mr. Xi declared a strategic goal for China: to seize “the commanding heights in biotechnology,” in areas such as genetically modified organisms (GMOs). It must “not let large foreign companies dominate the agricultural biotechnology product market,” he said. However, China is still years behind the United States and Europe in research and development.

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