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Shang-Jin Wei
By Shang-Jin Wei - Sep 12,2022
 NEW YORK  —  The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.
By Shang-Jin Wei - Jul 04,2022
NEW YORK  —  US President Joe Biden has proposed a three-month suspension of the 18.4 cents-per-gallon federal tax on gasoline.
By Shang-Jin Wei - Jun 23,2022
NEW YORK  —  The United States exports more petroleum than it imports. As a result, the country as a whole benefits from the recent spike in global oil prices.
By Shang-Jin Wei - Apr 03,2022
NEW YORK  —  In early March, Premier Li Keqiang announced that China is targeting GDP growth of “about 5.5 per cent” this year. That would be ambitious even without Russia’s war against Ukraine and the attendant increases in global energy and food prices.
By Shang-Jin Wei - Feb 22,2022
NEW YORK  —  On February 21, 1972, Richard Nixon became the first US president to visit the People’s Republic of China, setting in motion a process that would end China’s decades-long isolation and kick-start the emergence of a modern, dynamic economy.
By Shang-Jin Wei - Dec 04,2021
NEW YORK — When Tesla CEO Elon Musk promoted the Dogecoin and Bitcoin cryptocurrencies, their prices shot up. While some countries are taking a wait-and-see attitude towards private digital money, El Salvador has embraced Bitcoin as an official currency.
By Shang-Jin Wei - Nov 20,2021
NEW YORK — In early 2021, the consensus forecast for Chinese GDP growth this year among 25 major global banks and other professional forecasters was 8.3 per cent.
By Shang-Jin Wei - Nov 07,2021
NEW YORK — As US inflation continues to accelerate, with consumer prices increasing 5 per cent year on year in May, it is not only the US Federal Reserve that needs to remain vigilant.
By Shang-Jin Wei - Oct 03,2021
NEW YORK — Many have attributed the recent decline in major global stock market indices to concerns about the heavily indebted Chinese property development group Evergrande.
By Shang-Jin Wei - Jul 27,2021
NEW YORK — Chinese firms are more enthusiastic than most about listing on US stock exchanges.

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