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cornelban.bsky.social

@cornelban.bsky.social
475 followers 19 following 77 posts
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cornelban.bsky.social @cornelban.bsky.social · 10/07/2026
In this article in @socioeconreview.bsky.social I show why Europe is trillions euro behind China in lending to activities that can save the climate.
academic.oup.com
Green monetary transitions? Central banking and climate finance in Europe and China
Abstract. This article examines the political economy of “greening” central banking as a contested project dynamically evolving on the spectrum between neo
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cornelban.bsky.social @cornelban.bsky.social · 15/03/2026
Sorry Doro, how about this? geoeconomic.substack.com/p/energy-res...
geoeconomic.substack.com
Oil Shock Resilience with Chinese Characteristics
What the Iran War Reveals About Beijing’s Grand Strategy
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Mathias Larsen @mathiaslarsen.bsky.social · 14/03/2026
Pleased to be quoted in today's @nytimes.com, supporting their reporting on the Iran war with a China angle: “China’s push for renewable energy is not motivated by the environment but by the need for energy security and also as a driver of growth.” www.nytimes.com/2026/03/14/b...
nytimes.com
China’s Edge in an Oil Shock: Electric Cars and Renewables
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cornelban.bsky.social @cornelban.bsky.social · 14/03/2026
If the US aimed to hit China via Iran, they got the game wrong.https://geoeconomic.substack.com/publish/posts/detail/190940813?referrer=%2Fpublish%2Fposts%2Fpublished
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cornelban.bsky.social @cornelban.bsky.social · 23/02/2026
What does a year of German rearmament get you? If you're China, almost decade of cash to change the world's electricity infrastructure. geoeconomic.substack.com/p/the-china-...
geoeconomic.substack.com
The China "Solar Dominance" Panic
Life in the Chinese solar tech business is like a gladiator's life. So what?
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cornelban.bsky.social @cornelban.bsky.social · 07/02/2026
In the early days of Europe’s electric turn, the future arrived the way it often does on the old continent: as a folder. It had a title, an annex, a consultation period, and a gentle assumption that if the rules were correct and the incentives stable, reality would comply. How did this dream curdle?
geoeconomic.substack.com
On EVs, Europe Mistook Market Signals for Demand
Brussels and National Capitals Needs to Learn about Whole Value Chain Planning to Stay Relevant
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cornelban.bsky.social @cornelban.bsky.social · 21/01/2026
My Icelandic family remembers the Americans made a better impression amongst the locals.
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cornelban.bsky.social @cornelban.bsky.social · 21/01/2026
I agree with the criticism, but will be more detailed in next post
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cornelban.bsky.social @cornelban.bsky.social · 21/01/2026
The American Toll Booth and the European Industrial Complex: Europe's Problem Isn’t Just Trump. It’s What America Became.https://geoeconomic.substack.com/p/the-toll-booth-and-the-industrial
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cornelban.bsky.social @cornelban.bsky.social · 21/01/2026
Low chances
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cornelban.bsky.social @cornelban.bsky.social · 10/01/2026
Donroe’s Rotor: Washington’s Complicated Meeting with China in Latin America. Can the US do hemispheric strategy in the Southern Cone like it's 1957? substack.com/home/post/p-...
substack.com
Donroe’s Rotor: Washington’s Complicated Meeting with China in Latin America
Can the US do hemispheric strategy in the Southern Cone like it's 1957?
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cornelban.bsky.social @cornelban.bsky.social · 30/12/2025
Forget decoupling. German automakers go back to China to stay alive in the EV race.
substack.com
Geoeconomic (@geoeconomic)
Forget decoupling. German automakers go back to China to stay alive in the EV race.
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Gabriel Zucman @gabrielzucman.bsky.social · 12/12/2025
It has become received wisdom in Brussels and Washington that there is a new “euro-sclerosis”: that the EU economy is lagging the US This view is wrong A little primer on the measurement of productivity – and why reports of the economic death of Europe are greatly exaggerated🧵
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cornelban.bsky.social @cornelban.bsky.social · 05/12/2025
Macron in Chengdu The yard keeps growing. And the fence around China keeps shrinking. geoeconomic.substack.com/p/macron-in-...
geoeconomic.substack.com
Macron in Chengdu
The yard keeps growing. And the fence around China keeps shrinking.
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cornelban.bsky.social @cornelban.bsky.social · 22/11/2025
US is playing big old imperial haggling games in Europe this week end. But go to the monetary engine room is see that monetary hegemony is over. geoeconomic.substack.com/p/so-this-is...
geoeconomic.substack.com
So This is How an Empire Coughs: Notes From the Financial Multipolarity Birthroom
Don't hold your breath for a monetray hegemony transition, say Tobias Pforr, Fabian Pape, Johannes Petry
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cornelban.bsky.social @cornelban.bsky.social · 22/11/2025
Fantastic work. My pop summary on my Substack geoeconomic.substack.com/p/so-this-is...
geoeconomic.substack.com
So This is How an Empire Coughs: Notes From the Financial Multipolarity Birthroom
Don't hold your breath for a monetray hegemony transition, say Tobias Pforr, Fabian Pape, Johannes Petry
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Reposted by @cornelban.bsky.social
Benjamin Braun @benbraun.social · 01/07/2025
🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate. Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics. We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵 onlinelibrary.wiley.com/doi/10.1111/...
Screenshot of the title page of linked article:
"Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks"
By Benjamin Braun and Maximilian Düsterhöft
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cornelban.bsky.social @cornelban.bsky.social · 14/11/2025
Forget derisking. 2025 is about the the quiet MAGA-fication of the European mainstream, one green regulation rollback and green subsidy cut at a time. geoeconomic.substack.com/p/the-wartbu...
geoeconomic.substack.com
The Wartburg Syndrome
How the Old Continent Risks Becoming the New East Germany
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cornelban.bsky.social @cornelban.bsky.social · 08/11/2025
When Adam Smith was first translated in China and why that matters today geoeconomic.substack.com/p/the-long-m...
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cornelban.bsky.social @cornelban.bsky.social · 05/11/2025
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cornelban.bsky.social @cornelban.bsky.social · 05/11/2025
Theory: Economic decline feeds the far right. Romanians be like
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cornelban.bsky.social @cornelban.bsky.social · 02/11/2025
To survive in the bond market, libertarianism needs subsidies. My latest geoeconomic.substack.com/p/spare-a-st...
geoeconomic.substack.com
Spare a State Subsidy for the Chainsaw Libertarian
How the American State Keeps Milei’s Libertarian Revolution Solvent
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Common Wealth @cmmonwealth.bsky.social · 30/10/2025
🚨 Today, Common Wealth launches the Green Planning Commission. A major new initiative to tackle the twin crises of our era: climate breakdown & the affordability crisis. To meet these challenges, we need a new era of democratic planning. 🧵 www.common-wealth.org/green-plannin…
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cornelban.bsky.social @cornelban.bsky.social · 30/10/2025
For most of the post-Cold War era, Europe never intended to build autonomy in critical minerals. Why would it?https://geoeconomic.substack.com/p/the-smelter-and-the-sovereign
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cornelban.bsky.social @cornelban.bsky.social · 27/10/2025
Well-put. Old enough to remember Wade's bon mot.
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herman mark schwartz @thunen.bsky.social · 15/10/2025
already 10+ years ago wade jacoby said that europe was a trade dependent status quo power in a world in which the status quo was disintegrating and trade was stagnating and this (car industry lobbying) is one big reason why the EU is not up to the challenge h/t @palmapolyak.bsky.social
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cornelban.bsky.social @cornelban.bsky.social · 27/10/2025
When central banks were asked to "do smth" about climate, the Fed sat it out, the ECB experimented then retreated but the PBOC planned green and brown money at scale. geoeconomic.substack.com/p/central-ba...
geoeconomic.substack.com
Central Banking for the End of Times
Frankfurt measured the risk, Beijing moved the money, and Washington looked away.
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cornelban.bsky.social @cornelban.bsky.social · 21/10/2025
China’s approach to venture capital isn’t Silicon Valley 2.0 — it’s industrial strategy with a term sheet. And it explains better than subsidies or state banks why the country is a technological innovation superpower. geoeconomic.substack.com/p/vc-a-la-ccp
geoeconomic.substack.com
VC à la CCP
How Beijing fused planning and venture capital, outflanking the West’s innovation game
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cornelban.bsky.social @cornelban.bsky.social · 14/10/2025
Washington thought coercion would keep China down. But as @yelingtan.bsky.social @Mark Dallas @himself.bsky.social & @abenewman.bsky.social show, it did the opposite. Dependence became danger — and China learned to turn US pressure into its own power. geoeconomic.substack.com/p/america-th...
geoeconomic.substack.com
America, the Bumerang Master
How Washington Built Chinese Leverage Over...Washington (on Tan, Dallas, Farrell, Newman)
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cornelban.bsky.social @cornelban.bsky.social · 06/10/2025
China is not just building clean energy faster than anyone else. It is trying to become something new. Call it the electrostate. Still, big caveats loom, says Chris Saltmarsh in a superb @ripejournal.bsky.social article geoeconomic.substack.com/p/party-stat...
geoeconomic.substack.com
Party-State Decarbonisation
The contradictions of China's decarbonisation
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cornelban.bsky.social @cornelban.bsky.social · 06/10/2025
Friends, I have a substack with my thoughts and others on current events and megatrends from an international political economy perspective. geoeconomic.substack.com
geoeconomic.substack.com
Geoeconomic | Substack
Cornel Ban, associate prof at Copenhagen Business School and fellow at Boston University's China Initiative at the Global Development Program. Click to read Geoeconomic, a Substack publication with hu...
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
GGFs are the missing piece in understanding how China sustains its lead in cleantech and narrows the gap in semiconductors. Ignore them, and you miss the financial engine of China’s industrial strategy.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
For Europe, the lesson is sobering: we talk “sovereignty funds,” but GGFs already operate as a parallel financial infrastructure on a scale we haven’t matched. This is how China turns finance into an industrial weapon.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
GGFs embody a statecraft of patient capital. They extend time horizons beyond what private VC can tolerate — a decisive advantage in industries like batteries, chips, and green tech where scaling takes decades.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
But GGFs are not without problems: regional duplication, weak governance, political meddling, and uneven returns. Still, they are a powerful institutional innovation in channeling finance toward strategic industrial goals.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
Chinese GGFs also illustrate the “generative” power of China’s state capitalism. They don’t just allocate existing resources; they create new financial ecosystems where banks, local governments, and tech firms co-invest.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
Unlike Western VC, which is demand-driven, GGFs are mission-driven. The state sets the priority, absorbs early-stage risks, and then lets private capital scale. The result: systemic financing of frontier sectors, not just unicorn chasing.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
GGFs fuse financial engineering with developmental strategy: they mobilize local governments, SOEs, and private funds into joint ventures that embed industrial upgrading in financial circuits.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
By 2023, China had more than 2,000 GGFs, managing over €0.6 trillion in capital. That’s larger than the total AUM of European venture capital. The scale alone shifts the balance of global techno-industrial competition.
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
GGFs are hybrid creatures: part state, part market. They combine public seed capital with private co-investment, lowering risks for investors while steering money into sectors that match state priorities (EVs, semiconductors, renewables). Mostly state tho
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cornelban.bsky.social @cornelban.bsky.social · 07/09/2025
Thread. China’s GGFs are the quiet giants of industrial policy. While Western debates obsess over subsidies, Beijing has built a massive state–market financial infrastructure to channel capital into strategic tech sectors. Let’s unpack.
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Benjamin Braun @benbraun.social · 03/09/2025
This new paper by Xuan Li and @cornelban.bsky.social is so great I have a nickname for it and it’s VC à la CCP. www.tandfonline.com/doi/full/10....
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cornelban.bsky.social @cornelban.bsky.social · 28/08/2025
Just out: How China builds strategic dominance in high-innovation niches fracturing the economic status quo in the world: Government Guidance Funds turn fiscal money + SOE assets into venture capital with planning discipline. A different game than Europe or Korea. www.tandfonline.com/doi/full/10....
tandfonline.com
Financing technological innovation in China: neo-developmental financial statecraft through government guidance funds
This paper examines China’s distinctive approach to financing innovation, contributing to debates on the derisking state, neo-developmentalist alternatives, and economic statecraft. It focuses on t...
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cornelban.bsky.social @cornelban.bsky.social · 06/03/2025
No one in European automotive will worry about Chinese EVs now
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cornelban.bsky.social @cornelban.bsky.social · 05/03/2025
Thanks. One quick comment on self-reliance. Is it not rational given US sanctions? Take chips: Huawei together with Chinese chipmaker SMIC — which is also under US sanctions — improved the yield of its latest AI chips to about 40 per cent, doubling from 20 per cent a year ago.
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cornelban.bsky.social @cornelban.bsky.social · 04/02/2025
Must read
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cornelban.bsky.social @cornelban.bsky.social · 31/01/2025
Weiss and Thurbon’s (2021: 477): economic statecraft is when state actions are designed to fend off, outflank, or move in step with clearly defined rival powers’ in key sectors. US and increasingly Europe acknowledge they lost to China on green tech. www.politico.eu/article/eu-d...
politico.eu
EU decorum cracks over green agenda
Normally taciturn officials spar online over climate policy and reveal a deep split within the EU.
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cornelban.bsky.social @cornelban.bsky.social · 28/01/2025
Even the best of European clean tech firms groan and fold under the combined weight of frayed European macro-finance and Trumpian climate nihilism. www.ft.com/content/eb76...
ft.com
Shares in world’s biggest offshore wind developer tumble as US woes deepen
Ørsted blames interest rates, supply chains and ‘market uncertainties’ for latest writedown of US business
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cornelban.bsky.social @cornelban.bsky.social · 27/01/2025
Sandbu: "Maga antipathy for anything green strengthens the case for doubling down on incentives to make more profitable in Europe the decarbonisation investments that have just become less profitable in the US." How to pay, given US-demanded defence spending and more US LNG dependence?
ft.com
Financial TimesFinancial Times
News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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cornelban.bsky.social @cornelban.bsky.social · 27/01/2025
Generally import substitution is not a great idea in technology. Unless you are China and weaponized US export controls force you to focus decades of investment in technoscientific capabilities on homegrown innovation. www.nytimes.com/2025/01/23/t...
nytimes.com
How Chinese A.I. Start-Up DeepSeek Is Competing With Silicon Valley Giants
The company built a cheaper, competitive chatbot with fewer high-end computer chips than U.S. behemoths like Google and OpenAI, showing the limits of chip export control.
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