George Magnus's Avatar

George Magnus

@george17.bsky.social

China watcher, ex Chief Economist UBS, now at China Centre, Oxford and at SOAS, London. Rock&Indie music lover. Also golden retriever owner and fan.

5,104 Followers  |  183 Following  |  209 Posts  |  Joined: 14.10.2023  |  1.6834

Latest posts by george17.bsky.social on Bluesky

Pasi… you’ve ‘Samson-ed’ the dog!!

08.07.2025 10:24 — 👍 3    🔁 1    💬 0    📌 0
What consequences a new EU-Trump tariff war could have | DW News
YouTube video by DW News What consequences a new EU-Trump tariff war could have | DW News

My comments on Trump’s 50% EU and 25% Apple tariff moment youtu.be/UnHVr66OMoo

25.05.2025 06:40 — 👍 1    🔁 0    💬 0    📌 0

Fair to exempt B’ham with its 14.4% unemployment rate, which is close to 3x Nat avg. but out of work claims are up to 5 x as much. And other cites are also anomalies. There are sine unexplained variables here

22.05.2025 08:21 — 👍 1    🔁 0    💬 1    📌 0

The problem here is you’re not comparing like with like.
There must be other reasons why such a high % of people are claiming out of work benefits when we have more of less full employment. It’s an anomaly which requires explanation.

22.05.2025 08:09 — 👍 1    🔁 0    💬 1    📌 0
Trade War: game over or next round? | DW News
YouTube video by DW News Trade War: game over or next round? | DW News

Thanks to Deutsche Welle for an extended interview on the US China trade war -> embargo -> de-escalation for now and strategically , what it all means youtube.com/watch?v=-4PO...

15.05.2025 07:37 — 👍 3    🔁 0    💬 0    📌 0
The Global Trade Reset Was Inevitable | George Magnus
YouTube video by The Monetary Matters Network The Global Trade Reset Was Inevitable | George Magnus

Trump says China trade tslks in Switz ‘total reset’. No stranger to hyperbole, him, but total reset is precisely what’s going on in world trade and much related to it, as I explain here: youtube.com/watch?v=7gEk...

11.05.2025 06:22 — 👍 4    🔁 1    💬 0    📌 0
Preview
Woman wins £30,000 compensation for being compared to Darth Vader Croydon employment tribunal rules NHS worker Lorna Rooke suffered workplace ‘detriment’

www.theguardian.com/money/2025/m...

07.05.2025 13:45 — 👍 0    🔁 0    💬 1    📌 0

Through the looking glass folks, abs ridiculous - Woman wins £30,000 compensation for being compared to Darth Vader

07.05.2025 13:44 — 👍 2    🔁 0    💬 1    📌 0

Scribble a note into my website email contact and I’ll get in touch

05.05.2025 16:01 — 👍 2    🔁 0    💬 0    📌 0
Preview
Talk of cosying up to China is a dangerous fantasy China’s export orders hit their lowest level since 2022. A closer trade relationship is a perilous illusion

While the U.S. and China jostle, too many politicians and commentators have naively concluded the answer to trade more with the biggest mercantilist that only wants to export more to them. Dumb. Talk of cosying up to China is a dangerous fantasy

www.thetimes.com/article/018b...

05.05.2025 06:03 — 👍 11    🔁 3    💬 1    📌 0

I think we are learning something rather different. That large structural surplus economies, by imposing -ve welfare consequences on own population, force deficits and welfare losses on other countries. Which is why so many are raising ‘trade defence measures’ against the same surplus country.

27.04.2025 20:53 — 👍 5    🔁 0    💬 1    📌 0
Preview
UK's China Policy Is Based on Magical Thinking Labour’s economic engagement policy is mired in misconceptions about the nature of the Communist system.

Bbg’s Natthew Brooker on the UK Treasury and finance sectir interesrs naivete and weak acumen in setting the Lab Govt’s china policy www.bloomberg.com/opinion/arti...

25.04.2025 07:34 — 👍 3    🔁 0    💬 0    📌 0

Naturally, one can despair about Trump’s America, but the idea that Xi’s Leninist China is the mirror image and is therefore bound to ‘win’ whatever that means,is well, lazy. China has strengths, o/c, but also a slew of difficult probs that its leaders prob can’t address 2/2

25.04.2025 06:56 — 👍 11    🔁 2    💬 0    📌 0
Preview
Why China is winning In the struggle with the US for dominance, which superpower’s patriotic determination is stronger?

When you write an article like this, it helps to know something about the political economy of the country you’re writing about, and how it works and what doesn’t. AndrewMarr comes up short here 1/2 www.newstatesman.com/internationa...

25.04.2025 06:56 — 👍 3    🔁 0    💬 1    📌 0

100% agreed. YNWA

24.04.2025 11:41 — 👍 3    🔁 0    💬 0    📌 0

Good piece. I think Hatzius is right. US$ depreciation is not the same as loss of reserve currency status. It’s a bear market, not a bare market.

24.04.2025 11:41 — 👍 11    🔁 2    💬 0    📌 0

Can’t see Trump firing him, myself. Even if he did, Powell is just one vote on the FOMC, and while you’d have been laughed out for saying this when he was appointed, he’s a pretty imp dude in scheme of things now

22.04.2025 19:18 — 👍 4    🔁 0    💬 0    📌 0
Preview
George Magnus: Nobody Can Win This Trade War George Magnus, the former chief economist of UBS Investment Bank and author of the book «Red Flags», talks about the trade war between the US and China, the Trump administration’s approach and the que...

Interview w/ ‘The Market’s Mark Ditti on the US China trade war, or more like, embargo. many topics but in a nutshell, cajoling one another into talks still seems likely, but nothing can thrn clock back or reset this fractured relationship. themarket.ch/interview/ge...

18.04.2025 08:01 — 👍 10    🔁 2    💬 1    📌 1

The man is a serious liability

14.04.2025 21:02 — 👍 1    🔁 0    💬 0    📌 0

Technically a serious and content heavy research paper. But there’s also a far simpler political explanation which is rooted in CCP historical narratives, the embrace of unprecedented industrial scale industrial policy after 2005, and Leninist thinking and ambition carried to new levels by Xi.

14.04.2025 21:01 — 👍 3    🔁 0    💬 1    📌 0

About time the governors there et al developed a spine. Let’s hope they stand firm against all intimidation

14.04.2025 20:52 — 👍 4    🔁 0    💬 0    📌 0
Post image

Well….. I’m struggling to think of anything Ed Miliband has done or plotted that didn’t end up toxic or snafu’d….

14.04.2025 20:47 — 👍 1    🔁 0    💬 1    📌 0

Balance of advantage normally is with customer/ deficit state not the supplier/surplus country, esp if China's scaled p/low cost exports persist in being resisted in Europe and elsewhere. For the rest of us, rock and a hard place. Trump's tariffs or China undermining local mfg and jobs. 4/4

07.04.2025 13:16 — 👍 4    🔁 1    💬 0    📌 0

China will get to that point too because Xi doesn't want a full throated trade war with his economy in the pan, and Trump doesn't either for fear he ends up in same pan. Interesting to speculate who will cave/blink? Obv, both sides can still hurt one another, tariffs aside, 3/4

07.04.2025 13:16 — 👍 4    🔁 1    💬 1    📌 0

Barely a week after Rose Garden setting to upend global trade system, several countries have announced willingness not to retaliate or negotiate for better deals with the US. US claims of 50 nations not verified yet but some imp ones like Vietnam, Indo and India are notable.2/4

07.04.2025 13:16 — 👍 2    🔁 1    💬 1    📌 0
Preview
China intends to crush the trade war Beijing has retaliated against Donald Trump's tariffs — and the response was far stronger than expected.

No question that politicians and markets (now just fear) were not braced for China's escalatory response. But this doesn't mean, despite awful optics now, that there wont be a deal at some point. Interesting q is who, by then, will hold the stronger cards 1/4
www.newstatesman.com/internationa...

07.04.2025 13:16 — 👍 12    🔁 3    💬 2    📌 1
Trump tariffs: China hits back with 34% tariff on US goods | DW News
YouTube video by DW News Trump tariffs: China hits back with 34% tariff on US goods | DW News

Spokecwith @Deutsche Welle about Trump’s tariffs and China’s escalatory riposte youtu.be/bC3jZWm4pEI?...

05.04.2025 07:00 — 👍 3    🔁 0    💬 1    📌 0

The upside is hard to define, imposs to measure, if indeed there is any. But the implicit reordering in world trade is far from trivial, and strategically looks stronger than it is judged by common sense or fairness. And we’re barely in the foothills here. 4/4

04.04.2025 08:13 — 👍 1    🔁 0    💬 0    📌 0

So, hare brained and cruel as Trumps tariffs are, it’s not impossible to imagine this as a Bretton Woods collapse type moment in which supply chain geography and trade patterns go through the wringer and end up quite changed. Downside is less efficiency, lower trade vols, higher prices 3/4

04.04.2025 08:13 — 👍 5    🔁 0    💬 1    📌 0

Along with this, tariffs will puncture the trans-shipment of Chinese goods through 3rd countries which has boomed, and all the more since 2017-18. Asian countries may well - some are already - impose own tariffs against China where dumping or anti-comp practices are alleged 2/4

04.04.2025 08:13 — 👍 1    🔁 0    💬 1    📌 0

@george17 is following 20 prominent accounts