China's economic strategy is characterized by a persistent 'economics of denial,' prioritizing massive state-directed investment in advanced technology over addressing weak domestic consumption. This approach is rooted in a flawed belief that controlling physical capital will automatically generate productivity and wage growth, ignoring the structural imbalance where domestic demand consistently falls short of supply. This overinvestment and underconsumption model is unsustainable. Consequently, Beijing's policies will continue to generate global deflationary pressures and escalating trade friction, necessitating a fundamental pivot toward consumption-led growth for long-term stability.
‘Parliaments in dialogue’: Bringing Westminster and Brussels closer together to defend Europe
English Summary
Chatham House is launching a dialogue series focused on enhancing security and defense cooperation between the UK and the EU. The core argument is that aligning strategic ambitions and deepening practical collaboration between Westminster and Brussels is crucial for defending Europe amidst global uncertainty. The initiative brings together parliamentary members and defense experts to identify mechanisms for institutional cooperation. This suggests a strategic policy shift toward formalizing legislative-level partnerships to strengthen the collective security architecture of the continent.
中文摘要
查塔姆學會（Chatham House）將啟動一場對話系列，旨在加強英國與歐盟之間的安全及國防合作。其核心論點是，為應對全球不確定性，協調英國（威斯敏斯特）與歐盟（布魯塞爾）的戰略目標，並深化實務層面的協作，對於維護歐洲安全至關重要。此項倡議匯集了議會成員和國防專家，以找出建立制度化合作的機制。這顯示出一個戰略性的政策轉變，即朝向正式建立立法層級的夥伴關係，從而強化歐洲大陸的集體安全架構。
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