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Economics

33 articles

China Built the World’s Train Set

Stand on a Fuxing platform at dawn and the country feels engineered. Stainless noses, blue belts, departure boards that treat three hundred kilometres an…

12 min read

Why China Moved Up the Value Chain

For two decades the dominant Western story about Chinese manufacturing was a story about the middle of the smile curve. Foreign brands kept design,…

12 min read

Foxconn and TSMC Built the Electronics Age

Open an iPhone and you meet a geography lesson disguised as consumer electronics. The branded logic silicon was almost certainly fabricated by Taiwan Semiconductor…

12 min read

China Did Not Stumble Into Battery Dominance

Western commentary on China’s electric vehicle rise still reaches for the same tidy explanation. China assembled other people’s ideas with cheap labour. Then Beijing…

7 min read

What Lords of the Rim Got Right

The West thought China’s advantage was cheap labour. That now looks like one of the great economic misreadings of the past half century. Cheap…

6 min read