The PRC’s Token Economy Takes Shape
Executive Summary: Policymakers in the People’s Republic of China (PRC) want to improve “data supply” (数据供给) to “provide sufficient ‘fuel’ for the development and application of artificial intelligence” (为人工智能发展和应用提供充足“燃料”). This is according to a new plan from the National Data Administration (NDA,
Lessons for Central Banks: Interview with Kristin Forbes
Thomas Chow poses the questions in “Kristin Forbes on ‘wargaming’ for thenext crisis,” subtitled “The MIT professor and former BoE MPC member speaks about QE, scenario analysis and the ar of conducting monetary policy in the ‘fog of war'” (Central Banking, May 14, 2026, free registration required).
