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Available to buy now. Red Flags: Why Xi’s China is in Jeopardy is the latest book from renowned economist George Magnus, acclaimed author of ‘The Age of Ageing’ and ‘Uprising’.

Martin Wolf, Financial Times – “characteristically clear and compelling”

Peter Frankopan, author of The Silk Roads – “ominous and thought-provoking”

George Magnus has occupied a front row seat as events have challenged governments, economies and financial systems around the world since the Great Financial Crisis in 2008. He is widely credited with having identified the trigger points leading to the crisis and with helping us to understand its lingering consequences.

Once the Chief Economist of UBS, George now works as an independent economist, author and speaker. His views and opinions appear regularly in the written and social media, radio and TV. He is the author of The Age of Aging (2008) which assesses one of our leading contemporary economic and social challenges, and of Uprising: will emerging markets shape or shake the world economy? (2011), which considers the rise of and prospects for emerging markets, especially China. His new book, Red Flags: why Xi Jinping’s China is in Jeopardy, will be published by Yale University Press in 2018.

This website gathers together many of George Magnus’s articles, opinion pieces and commentaries on these and other topics, and offers an opportunity for feedback.

Banking is too risky to be left to bankers

First published: The New European 20-03-2023

With any luck – and we will need some – the maelstrom going through the banking sector and global financial markets will blow over without triggering the kind of meltdown we experienced in 2008.


First published: 16-03-2023


It is widely agreed that that China’s relentless and pronounced integration into the world economy over the last 3-4 decades propelled its rise to become a major economic power and the world’s top dog in exports and supply chains. 

Is China turning Japanese?

China has some advantages over Japan, such as a state-owned financial system that can prevent significant banks from failing and a closed capital account that can protect the country’s banking system and the economy from the risk of significant capital flight. This however might not prevent China from taking the same economic trajectory Japan has.

Has Xi Jinping Retired China’s ‘Wolf Warrior’ Diplomats?

China’s sharp diplomatic and foreign policy edges never really went away, but may have been rested temporarily simply for reasons of expediency.

China’s economy will rebound. But for how long? 

A falling population and the political scars from its zero Covid policy present warning signs for China.