Development in China presents a mixed picture.
On the one hand, the Chinese economy is expected to maintain robust levels of growth in the coming years with revenue continuing to expand at a rapid pace. Yet on the other hand, China’s social services like its health care system are woefully inefficient, causing incalculable tangible and intangible losses. Geng Xiao argues that Chinese policymakers need to invest more material resources and human capital to improve the efficiency of government financing of social services.
I question whether the U.K. and EU will become political and economic rivals, as geography, history, financial interests, security concerns, and shared values will necessitate continued close cooperation in some form for the foreseeable future. My bigger concern is the all-consuming nature of Brexit, which could prevent the U.K. especially and the EU from engaging effectively against international rivals. Brexit already dominates debates in London, with a divided Cabinet and parliament having limited bandwidth to engage on global challenges. Even if the U.K. parliament ratifies a Brexit deal, the two sides must then embark on equally complicated and domestically contentious negotiations about their future relationship. In some form, Brexit will afflict Europe for years and risks detracting attention from emerging threats.