@gdp1985 Your subsidy framework is still the best. Just need an update to Red Ink.
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Nicholas Borst
297 posts
Nicholas Borst
@NBorstSF
Vice President and Director of China Research at @SeafarerCapital @NCUSCR #PIPfellow https://t.co/44aP7SVxm9
San Francisco Bay Area Katılım Ağustos 2019
626 Takip Edilen748 Takipçiler
@NBorstSF Great post. Btw I think those IMF subsidy estimates are crazy high because of how they scaled. I don't think China spends more on cash subsidies than on the PLA.
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China's Competitive Shock to Global Markets
seafarerfunds.com/prevailing-win…
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China's property market isn't out of the woods yet:
thewirechina.com/2026/02/01/slo…
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Nicholas Borst retweetledi
📈 What happens when market forces collide with party control in China?
In a recent program, #PIPFellows @NBorstSF (@SeafarerCapital) and @wendyleutert (@IndianaUniv) discuss Borst’s new book "The Bird and the Cage: China’s Economic Contradictions."
▶️ Watch: bit.ly/4k0xR9x
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Nicholas Borst retweetledi
It was a pleasure to talk with @NBorstSF about his new book on tensions between state control + market forces in China. I can't recommend it highly enough. tinyurl.com/3hjz86hn @NCUSCR
Nicholas Borst@NBorstSF
Enjoyed discussing the Party’s role in China’s economy and my book with @wendyleutert The Bird and the Cage: China’s Economic Contradictions ncuscr.org/video/the-bird… @NCUSCR
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Enjoyed discussing the Party’s role in China’s economy and my book with @wendyleutert
The Bird and the Cage: China’s Economic Contradictions ncuscr.org/video/the-bird…
@NCUSCR
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Personal update. Excited to be Singapore-bound and to be building out something unique in APAC
Carnegie Endowment@CarnegieEndow
Damien Ma (@damienics) is joining us as the new director of @CarnegieChina. With his expertise on China’s political economy and energy, Damien will lead the work of our East Asia-based research center to study the role of China in the region and Beijing’s relationships globally. carnegieendowment.org/posts/2025/12/…
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Nicholas Borst retweetledi
.@NBorstSF writes that Chinese companies have proactively adopted a variety of strategies to maintain their international competitiveness: market diversification, production relocation, price adjustments, higher-margin products, and cost-cutting. seafarerfunds.com/prevailing-win…
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Nicholas Borst retweetledi
The continued growth of Chinese exports, in the face of rising tariffs and trade barriers, remains highly uncertain, writes @NBorstSF seafarerfunds.com/prevailing-win…
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Will Tariffs Crush Chinese Export Competitiveness?
seafarerfunds.com/prevailing-win…
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Nicholas Borst retweetledi
"They want to push China towards a capital raising model that’s less dependent on bank debt but at the same time are very cautious about the impact of stock market volatility on retail investors & overall macro economy." — @NBorstSF at @SeafarerCapital buff.ly/j21DxpF
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"They want to push China towards a capital raising model that’s less dependent on bank debt, but at the same time, are very cautious about the impact of stock market volatility on retail investors and the overall macro economy."
thewirechina.com/2025/10/19/chi…
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@RajaKorman Is the chart on the right yuan loans as a percent of overseas loans?
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Most important part of currency internationalization is not reserve share but denomination of cross-border liabilities; asset/liability/invoice currency is ideally a closed loop; tradeable securities outrank bank loans in int'lization stakes etc., but...
economist.com/china/2025/09/…
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Involution is wrecking some of China's most promising industries.
seafarerfunds.com/prevailing-win…
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Nicholas Borst retweetledi
Excited to contribute to the latest issue of China Leadership Monitor.
The Economic Costs of China’s Self-Reliance Drive
prcleader.org/post/the-econo…
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Nicholas Borst retweetledi
In the latest China Leadership Monitor, I offer some thoughts on China's economy in the trade war. Lots of charts! (And I'm in the same edition as @jonczin, @ryanl_hass, and @NBorstSF.)
prcleader.org/post/changing-…
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Nicholas Borst retweetledi
Does Xi really represent a massive departure from his predecessor? China's "Third Revolution"?
A brief thread showing the trajectory under Xi in many ways follows quite closely that under Hu Jintao.🧵
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Nicholas Borst retweetledi
@NCUSCR is delighted to announce the twenty fellows who make up the ninth cohort of our Public Intellectuals Program.
Learn more about the newest #PIPFellows:
ncuscr.org/twenty-leading…
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Nicholas Borst retweetledi
.@NBorstSF compares market returns in Hong Kong versus mainland China and assesses U.S.-China trade relations. Andrew Foster discusses a change in how EM currencies operate relative to the U.S. dollar. seafarerfunds.com/video/2025/06/…
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