Global trade disruption is a symptom of a deeper malaise | Mohamed El-Erian

Resolving US-China trade war is not enough to ward off what many fear is a looming worldwide recession It is only a matter of time until the escalating tensions between China and the US prompt many more economists to warn of an impending global economic recession coupled with financial instability. On 5 August, Bloomberg News Larry Summers, a former US treasury secretary who was also closely involved in crisis-management efforts in 2008-09, recently The Only Game in Town, all of these recent developments and also, of course, the growing US-China tensions are related in a meaningful way to two basic and persistent features of the global economy since the 2008 financial crisis. The first is the prolonged period in which …

IM Pei: an audacious daredevil who built the impossible

From his provocative Louvre pyramid to his inverted wedge for Dallas, the Chinese-American architect was too modern for his time but his angular marvels look perfect now So bold were IM Peis designs, they were often regarded as wilfully controversial, designed to shock. But Pei himself never saw it like that. He was possibly the last living link to such founders of modernism as Bauhaus stalwarts Walter Gropius and Marcel Breuer, all of whom he met. He carried their torch, abiding by their principles and adding flourishes of his own usually too many for the general public. To those modernist foundations of proportion, simplicity, geometry, Pei added audacious angles and structural daring. The result is a body of work that …

Revealed: new evidence of China’s mission to raze the mosques of Xinjiang

Guardian and Bellingcat investigation finds more than two dozen Islamic religious sites partly or completely demolished since 2016 Around this time of the year, the edge of the Taklamakan desert in far western China should be overflowing with people. For decades, every spring thousands of Uighur Muslims would converge on the Imam Asim shrine, a group of buildings and fences surrounding a small mud tomb believed to contain the remains of a holy warrior from the eighth century. Pilgrims from across the Hotan oasis would come seeking healing, fertility, and absolution, trekking through the sand in the footsteps of those ahead of them. It was one of the largest shrine festivals in the region. People left offerings and tied pieces …