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Night view of a brightly lit, modern Chinese metropolis with towering skyscrapers and heavy traffic, symbolizing external economic confidence and internal pressure

China 2026: Power abroad, fragility at home

Beijing enters 2026 with unprecedented geopolitical swagger, flaunting economic resilience and technological ambition. Yet, as highlighted in the latest MERICS assessment of China’s trajectory, this polished narrative conceals a far more brittle domestic reality—one that could ultimately derail the country’s strategic ambitions

Stack of gold bars in warm light, symbolizing financial uncertainty, global debt pressures, and the shifting foundations of monetary trust

Gold’s return of power: Debt, trust, and the end of easy money

Gold’s relentless rise isn’t just a speculative flare—it’s a mirror of a world in transition, where debt, de-dollarisation, and fading trust in fiat currencies redefine value itself. It’s not greed driving the market—it’s fear

Tomás Saraceno, On Space Time Foam, 2012. Installation view at Hangar Biccocca, Milan, Italy, 2012

Systemic collapse warning: The unseen tempest

The United States faces converging economic, political, and social crises: debt spirals, wealth inequality, AI-driven distortions, and extreme market overvaluation signal a systemic collapse warning unprecedented in modern history

High-tech BYD automotive factory with robotic arms assembling car bodies in a modern, automated production line

Beijing on the Danube

Hungary’s unapologetic embrace of China defies Washington’s pressure, all while Viktor Orbán bets on economic alchemy to deliver political dividends by 2026—and maybe a second EV revolution

Shanghai skyline featuring the Oriental Pearl Tower under streaking clouds, symbolising China’s fast-paced economic activity and modern urban transformation

Silk, steel, and stimulus

As global markets tiptoe through tariff turbulence, China posts upbeat numbers—though the real story lies beneath the polished headline figures

Historic photograph of a 1946 Ford Motor Company assembly line showing workers building postwar vehicles under a large American flag inside a factory hall

Made in America, again? Not quite

Tariffs won’t bring back the factories of yesteryear, and clinging to that fantasy delays serious thinking about the economy we actually have