







The Transfer Station Economy, Explained
Le très mauvais excédent de mille milliards de dollars de la Chine
traduction française du billet de blog "China’s very bad, no good trillion-dollar trade surplus" de Paul Krugman

annotations: Une réévaluation du yuan chinois contribuerait à réduire les déséquilibres mondiaux
traduction française du billet de blog "Currency revaluation is income rebalancing" de Michael Pettis
Building Commerce Agents with Claude | Claude by Anthropic
We're launching a blueprint to help build commerce agents on Claude. It contains the harnesses, patterns, and guardrails an engineering team needs to get a commerce agent running in days.
Ways to think about token pricing — Benedict Evans
AI is in a supply crunch today, but what happens when we come out of it? How and where will supply, demand, price, capacity and capex get back into equilibrium? Today, model labs can name their price, but why won’t they end up as low-margin commodity infrastructure?

【独自】都内の高額住宅を即金で短期転売 国際犯罪組織、資金洗浄か | NEWSjp
アジア最大級の犯罪組織として米英政府が経済制裁したカンボジアの中国系企業プリンス・ホールディング・グ...

Comment la Chine a assaini son secteur bancaire dans les années 2000
Traduction française de Michael Pettis (2026), « How China's banking cleanup in the 2000s was ultimately paid for by the household sector »

Alleged Member of ‘Notorious’ Cambodian Scam Network Bought Luxury Dubai Properties
Zhu Zhongbiao was already wanted in China on charges related to money laundering. He’s now been sanctioned by both the U.K. and U.S. in their largest ever joint action to target a multi-billion online scam network based in Cambodia.

UK Government Designates Chinese Scam Infrastructure Xinbi
The UK is the first country to sanction Xinbi, which provides cryptocurrency-based services to scam centres.

Le monde ne devrait pas ignorer la sous-évaluation de la monnaie chinoise
Traduction française de « The world should not ignore China’s undervalued currency » de Brad Setser
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Le paradoxe de la mondialisation de la Chine
Traduction française du billet de blog "China’s globalisation paradox. How can China dominate abroad while becoming less export-dependent?" de Richard

Why Trump's tariff chaos actually makes sense (big picture)
概述
Token Plan 个人版是面向个人开发者的 AI 大模型订阅服务,以 Credits 统一计量,支持文本、多模态模型及 Harness 工具,适配主流 AI 编程和智能体工具。

The Case for a European-Chinese Green Pact
Jean Pisani-Ferry & Beatrice Weder di Mauro think both sides have much to gain from pursuing closer economic ties through clean energy and technology.

How Xi sparked China’s electricity revolution
Beijing’s aggressive pursuit of energy self-sufficiency could give it the upper hand in the trade war with the US

Move fast and break kings
There is another policy response to tariffs, one that will substantially lower prices for Canadians, while incubating profitable, export-oriented Canadian tech firms, whose products can be sold by community-based small and medium enterprises, to the benefit of the Canadian news and culture industry, Canadian software firms, and Canadian consumers.

Trump est-il en train de casser le dollar ? Une conversation avec Barry Eichengreen | Le Grand Continent
Pour la première fois depuis la Seconde Guerre mondiale, l’hégémonie du dollar est en train de vaciller. Pourtant, ni l’euro, ni le yuan et encore moins le bitcoin ne semblent pouvoir devenir, demain, des monnaies de réserve. Pour comprendre pourquoi — et tenter de s’orienter dans un moment d’incertitude extrême — nous avons interrogé l’un des plus grands spécialistes de la monnaie, l’économiste Barry Eichengreen.
