Empire's Balance Sheet

Will China Become a Limited-Liability Society?

Failure, Forgiveness, and the Dare to Run

Jun 11 • JingYu

Why China Is Still an ‘Agricultural’ State

How the Ancient Doctrine of ‘Elevating Agriculture, Suppressing Commerce’ Drives the World’s Largest Manufacturing Power

Apr 28 • JingYu

Why China Has No Inheritance Tax

Unpacking the Cultural and Economic Logic as History's Largest Wealth Transfer Gets Underway

Mar 30 • JingYu

Credit Before Socialism

How good credit turns into bad taxation in Song China

Jan 12 • JingYu

From Silver to Dollars

Rethinking the Dollar-Centered World through Ming China’s “Single Whip”

Dec 15, 2025 • JingYu

How Do States Hide Their Taxes

From Han China’s Salt and Iron to the Modern Fiscal State

Dec 1, 2025 • JingYu

Trade War in Chinese History

Fashion, Horses, and Iron: Three Postures of Economic Statecraft

Oct 30, 2025 • JingYu

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