Milton Ezrati

New York

Contributor at Forbes

Contributor at The National Interest

Regular contributor to @Forbes, @CityJournal and @TheNatlInterest, economist at @Vested (and formerly Lord Abbett) and author of Kawari and Thirty Tomorrows.

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theepochtimes.com + 36 more

Articles

Shipping News Gives Insight Into the Impact on China

1 day ago | theepochtimes.com | Milton Ezrati

After a surge in American buying in China to beat the tariffs before they took effect, the shipping news in April and May reveals the significant downside. 5/14/2025Updated: 5/14/2025CommentaryPresident Donald Trump’s tariffs were so well-advertised that their initial effect was the opposite of what was intended.
Chine : la disparition de la classe moyenne chinoise | Epoch Times

2 weeks ago | epochtimes.fr | Milton Ezrati

La classe moyenne chinoise a connu un rythme de croissance remarquablement rapide pendant des décennies. De la fin des années 1970 aux années 2000, l’élargissement des possibilités de travail a permis aux paysans de sortir de la pauvreté absolue et à d’autres travailleurs d’entamer le processus d’accumulation d’un certain niveau de richesse.
China’s Disappearing Middle Class

2 weeks ago | theepochtimes.com | Milton Ezrati

CommentaryChina’s middle class has enjoyed a remarkably rapid pace of growth for decades. From the late 1970s to the twenty-teens, expanding work opportunities allowed peasants to rise out of abject poverty and other workers to begin the process of accumulating a measure of wealth. Such striking improvements have now begun to falter under the impact of the property crisis and the loss of export markets in the United States and Europe. And there are other challenges.
Trump trouve des alliés involontaires dans la guerre commerciale avec la Chine

3 weeks ago | epochtimes.fr | Milton Ezrati

Les exportateurs chinois ont perdu leur « mine d’or » aux États-Unis. Depuis 2018, les droits de douane et autres restrictions commerciales de Washington bloquent de plus en plus les importations de produits chinois. En même temps, indépendamment de la stratégie de Washington, les importateurs américains, à la suite des expériences difficiles avec la Chine pendant le Covid-19 et ses conséquences, ont décidé de diversifier leur approvisionnement en dehors de la Chine.
Trump Finds Inadvertent Allies in His Trade War With China

3 weeks ago | theepochtimes.com | Milton Ezrati

CommentaryChinese exporters have lost a proverbial gold mine in the United States. Since 2018, Washington’s tariffs and other trade restrictions have increasingly blocked imports of Chinese products. Meanwhile, independent of Washington’s agenda, American buyers, after difficult experiences with China during COVID-19 and its aftermath, have decided to diversify their sourcing away from China.
Deflation: A Fundamental Sign of China’s Economic Decline and a Contributor to It

3 weeks ago | theepochtimes.com | Milton Ezrati

Deflationary pressures persist in China, signaling serious economic imbalances, and if deflation persists, it will exacerbate these problems as well. 4/20/2025Updated: 4/20/2025CommentaryDeflationary forces seem to be gaining momentum in China. Factories, excessively built up by Beijing’s planners, continue to churn out more products than either Chinese consumers or foreign buyers want.
The Silver Lining in Trump’s Tariff Chaos

3 weeks ago | city-journal.org | Milton Ezrati

Behind all the drama of President Donald Trump’s tariffs lies the hope that they serve some clear purpose for American and global trade. But Trump’s signature inscrutability makes it hard to discern what that purpose is—or whether one even exists. Either way, his actions threaten to unravel the global trading system that has been in place for the past 80 years.
【國際瞭望】中國高鐵計畫：激情、吸睛且錯誤 | 中國經濟 | 大紀元 | 債務 | 台灣大紀元

1 month ago | epochtimes.com.tw | Milton Ezrati

⊙Milton Ezrati 中國將備受吹捧的高鐵延伸至全國各地的雄心壯志，傳達了三個重要訊息。首先，高鐵的規模和列車的流線型設計繼續成為中共領導層炫耀的資本，並引發國內外媒體的讚美。其次，擬議中的大部分高鐵現在或將來都將是浪費，尤其是在中國經濟疲軟的情況下，這將帶來沉重的負擔。應該有更好的方式來利用國家的勞動力、資本和自然資源。第三，建設高鐵的決定突顯了中共自上而下、中央計畫經濟決策方式的弱點。毫無疑問，中國的高鐵計畫是當今世界上、甚至是歷史上最大的基礎設施計畫。現有的和計畫中的高鐵路線將連接中國人口稠密的東部地區，從南部的海口到北部的滿洲里，並延伸到偏遠的西北地區，及西藏和喜馬拉雅山脈。計畫中的路線包括在特殊路基上修建三萬多英里（逾4.8萬公里）的特殊軌道。這項工程耗資巨大。在過去五年裡，國有企業「中國國家鐵路集團」在建設、供應新列車和車站上，花費了約5千億美元（約新台幣16.6兆元）。該集團的債務負擔已接近1兆美元，每年的還本付息費用達逾250億美元。儘管造價巨大，該計畫仍是中共黨魁習近平的寵兒，他擴大了從前任胡錦濤繼承下來的、野心勃勃的計畫。支持與反對高鐵計畫的觀點...
La Chine et les États-Unis se rapprochent-ils d’une guerre commerciale ? | Epoch Times

1 month ago | epochtimes.fr | Milton Ezrati

Si les tarifs douaniers de Donald Trump n’ont surpris personne, ils ont néanmoins choqué tous azimuts à Pékin comme dans le reste du monde. Alors même que la Maison-Blanche imposait des charges supplémentaires à presque tous les producteurs étrangers – et augmentait le coût de la vie aux États-Unis -, le président Donald Trump invitait implicitement les autres nations à faire de même. Plutôt que de profiter de cette invitation, le régime communiste chinois a choisi de se battre.
Is China and US Edging Closer to a Trade War?

1 month ago | theepochtimes.com | Milton Ezrati

Beijing must know that if it comes to a trade war with the United States, the Chinese regime would fight at a disadvantage. 4/9/2025Updated: 4/9/2025CommentaryIf the Trump administration’s tariffs surprised no one, they nonetheless shocked all—in Beijing and across the world.