Keep pulling the thread on Branko Milanovic.
China's technological capabilities, particularly in artificial intelligence, are at a level comparable only to the United States.
Political leaders in the United States and Europe have broadly adopted a stance on China similar to the one Donald Trump articulated in 2016.
The rise of Asia has caused the relative global income ranking of the lower-income population in Western countries to decline for the first time in two centuries.
The China policies implemented by the Trump administration have largely been continued by the Biden administration.
China's government directs the large retained profits from state-owned enterprises to fund strategic initiatives like railroad construction, artificial intelligence, and space exploration.
The primary income source for China's urban elite shifted from two-thirds state-related in 1988 to two-thirds private sector by 2018.
Europe's economic growth over the past 40-50 years was fueled by cheap Russian energy, a model disrupted by the decision to purchase more expensive U.S. energy following the war in Ukraine.
In response to the COVID-19 pandemic and geopolitical disruptions, governments are focused on building domestic supply chains and manufacturing, which currently involves shifting production away from Asia.
The era of neoliberal globalization is expiring and being replaced by a new world economic order described as "national market liberalism".
The emerging "national market liberalism" economic order is characterized by onshoring of economic activities and mercantilist external policies rather than free trade.
The United States government chose to address domestic economic dissatisfaction by targeting China for alleged unfair trade practices, such as intellectual property theft, rather than pursuing domestic redistribution policies.
Xi Jinping's policy explicitly prevents wealthy individuals from entering the decision-making bodies of the Chinese Communist Party.