Chairman Rabbit
2.3K posts

Chairman Rabbit
@ChairmanRabbit
living in China | cosmopolitan patriot | progressive traditionalist | secular spiritualist | Harvard | investment banker | geopolitics analyst | China voice

This is genuinely incredible and says SO SO MUCH about the perception of China in the West. This is the #1 news show in France, and the host - David Pujadas - asks the pundits around the table (a sample of the top media figures in France) if they can name 3 living Chinese people. That's it: they just need to say the names of 3 living Chinese people, anyone. This should be extremely easy. Yet not of a single one of them can name a single Chinese beyond Xi Jinping. They do not know a single living Chinese person beyond the president. That's the level of ignorance of China we're dealing with in the West today, in 2026. This is the source for the video: tf1info.fr/replay-lci/vid… Aired live yesterday 28th of May 2026.

.@SecScottBessent destroys the @washingtonpost in the White House briefing room: "Who here is from the Post? Yeah, terribly written, terribly edited." "Basically what it says is that Treasury is following the law?"

Israeli Prime Minister Netanyahu says he has directed the military to take over 70% of Gaza, adding that it's "tightening" its grip on Hamas cnn.it/4vcLFCa

Donald Trump is frustrated with his inability to get Iran to capitulate—and angry at commentators who say the stalemate makes him look weak, @JonLemire and @nancyayoussef report: theatlantic.com/national-secur…

Are you fucking kidding me

This is absolutely fascinating: Jason Furman, one of the foremost economists in the U.S. and former chair of the Council of Economic Advisers, explains why the so-called "China shock" is a myth. According to him, "85 to 95% of Americans benefited" from trade with China, and "China has been part of helping [the US economy] work, not hurting it work." In other words, the narrative that China "stole" American jobs and wages is the exact opposite of reality. Furman's logic is pretty ironclad: 1) He points out, which is factual, that "the slowdown of wage growth and the rise of inequality began in the 1970s, when there basically was no trade with China." It then accelerated in the 1980s-90s when China trade was small, and **slowed down** after 2000. And "since about 2013," when trade with China was at its highest, "we've had pretty fast real wage growth," with "the fastest real wage growth for moderate income households." In other words, the timing doesn't fit: if China was the cause, the problem should have gotten worse as trade with China increased. Instead, it got better. 2) A common narrative one hears about China is "who cares about affordable goods, we need well-paying jobs." But Furman points out it's actually one and the same thing: "the way we measure jobs is how much your wages can buy. If you improve purchasing power, you are making every single job in the economy better." In very concrete terms, if salaries stay flat but Chinese imports make goods 10% cheaper, your purchasing power just went up 10%, as if you got a 10% wage hike. This makes every single job in the economy better. In effect "jobs vs. cheap goods" is a false dichotomy: cheap goods ARE better jobs. 3) Furman also points out, rightly, that the majority of what U.S. imports from China isn't consumer goods: "more than half of what we import is actually inputs into the manufacturing process itself." In other words, Chinese imports make U.S. manufacturing MORE competitive as it decreases their input costs. If you were to cut all Chinese imports, you'd cripple U.S. manufacturing as it would no longer be able to compete on price with anyone. And, as per point 2 above, you'd also destroy Americans' purchasing power, making every single U.S. worker worse off. 4) Last but not least, Furman says that the "China shock" literature is fundamentally flawed, as it "doesn't answer the most important question, which is what the net effect was." It "doesn't consider other causes for the job losses, doesn't look at all the places that gained jobs and wages, and doesn't integrate the consumer side." All in all, he believes that if one were to actually calculate the net effect of trade with China on the U.S. economy, it'd show that "85 to 95% of Americans benefited." And even for the 5-15% who lost out, Furman says these people were failed by "our labor policies, our social safety net" - not by China. What Furman is saying is more relevant than ever because, both in the U.S. and in Europe, this notion that China is somehow "stealing" Western jobs and prosperity has become the unquestioned premise of so many of today's policies. Nobody even debates it anymore, it's almost universally assumed correct. In my own country France, Macron keeps repeating it all the time, leading the charge in Europe to slap tariffs on Chinese imports, warning that China is "killing its own customers" and that it's a question of life or death for European industry (reuters.com/world/china/fr…). He literally called last week for the EU to build its own version of America's Section 301 - the same protectionist tool Trump uses (politico.eu/article/emmanu…). BUT, if Furman is right, and the data strongly suggests he is, France and Europe are about to inflict economic self-harm in the name of a problem that doesn't exist. Much more affordable cars, for instance, would literally give every single European a big wage hike. It's Furman's argument on "85 to 95% benefiting" vs 5% to 15% losing out: the vast majority of Europeans would see their money go further, while a small number of jobs in legacy automakers would be disrupted. Instead of helping those workers transition, Europe wants to prevent making everyone better off. Anyhow, please do watch the whole podcast, which has many other fascinating insights because Furman also debates with Justin Yifu Lin, the former Chief Economist of the World Bank and State Council Counsellor of China. They're both interviewed by my friend @Hansong_Li - also a professor and an immensely smart man - in his excellent new podcast "worldviews" (imho one of the best new podcasts our there). The video is here: youtube.com/watch?v=TAj2FB…

This is quite funny. There were these two stories over the past 24 hours: 1) "China is seeing massive capital outflows" 2) "Hong Kong overtakes Switzerland as hub for global offshore wealth" But it's actually one and the same story: China is seeing massive capital outflows BUT this capital largely lands in bank and brokerage accounts in... China, in Hong Kong. It's actually the whole point of Hong Kong: it is China's own offshore center with a separate legal system, free capital flows, low taxes, and convertible currency. So even when capital "leaves" China, most of it lands in China 🤷♂️


Saudi Crown Prince identifies King Salman as sole obstacle to immediate Saudi normalization with Israel —— Saudi Crown Prince Mohammed bin Salman privately told evangelical leader and Trump ally Mike Evans that he is ready to recognize Israel immediately, but considers his father, King Salman, to be the primary obstacle. In a report published by The Jerusalem Post, Evans stated that during a two-hour meeting with the crown prince, which was also attended by the Saudi foreign minister and the crown prince's brother, the latter expressed a similar willingness to formalize ties with Israel. Evans claimed the crown prince was sharply critical of Palestinians, alleging they wasted financial aid and should copy Israel rather than attack it, while also rejecting the concept of dividing Jerusalem into two capitals. The remarks surface as US President Donald Trump actively pushes to tie a potential deal with Iran to a major expansion of the Abraham Accords. According to The Jerusalem Post, Trump is leveraging his diplomatic influence to press several Arab and Muslim-majority nations, including Saudi Arabia, Qatar, Pakistan, Egypt, Jordan, and Turkey, into normalizing relations with Israel following a possible agreement to end the war with Iran. While Riyadh has historically maintained a public stance linking Israeli recognition to progress on Palestinian statehood, Evans argued that the current regional landscape has shifted and that Trump possesses the negotiation leverage to secure Saudi compliance. Beyond regional normalization, Evans also detailed efforts by his organization, Friends of Zion, to counter rising non-interventionist and anti-Israel narratives within the US conservative movement. Speaking to The Jerusalem Post, Evans noted that his group mobilized 1,000 pastors for a social media campaign targeting media figure Tucker Carlson, whom Evans claimed has since been sidelined by Trump.



Despite the country’s rising wages and sophistication, it “still commands a historically unusual share” of low-end manufacturing, according to a new paper economist.com/finance-and-ec…


BREAKING: The Trump administration was preparing Friday for a fresh round of military strikes against Iran, according to sources with direct knowledge of the planning, even as diplomacy continued. No final decision on strikes had been reached as of Friday afternoon. cbsn.ws/4dX9MPA





著名中文公众号微信号tuzhuxi 发生夺号风波,“ 兔小编”刚在tuzhuxi公众号发起网上露脸直播,控诉任意试图通过发多封律师函的方式夺取其公众号所有权。兔小编称自2020年开始发布tuzhuxi文章是互相合作的君子协定。 “任意”(笔名 @兔主席)是一名中国政治专栏作家、学者与知名网络评论员(KOL)。他常通过其微信公众号“tuzhuxi”及微博发表深度政治、社会与时事评论。 任意是已故中共广东省委第一书记、改革派政治家任仲夷的孙子,他拥有海外留学背景,曾就读于英国,后毕业于美国哈佛大学肯尼迪政府学院(公共政策硕士),并曾担任哈佛大学费正清东亚研究中心傅高义(Ezra Vogel)教授的研究助。 文章多以宏观的政治学、社会学和历史视角出发,探讨中美关系、中国政治体制、西方社会治理等议题。他通常被视为中国体制与“中国模式”的坚定支持者与发声者,在海内外具有广泛的影响力。2020年其因评论香港事件一炮走红。


