Chinese economists and high level officials expressed their doubts about a swift Chinese recovery. Li Yang, a former adviser to the People’s Bank of China, sees the biggest challenge for China in finding a new growth engine to replace the struggling export sector. In this point Mr. Li is supported by Yao Jian, a Ministry of Commerce spokesman, who also considers stabilizing China’s export sector an “arduous task”. While stimulus spending and fixed asset investment have helped to cushion the economic slump, domestic consumption is still far from replacing the once almighty export sector as China’s engine for economic growth.
Foreign Direct Investment (FDI) in China contracted 17.8 percent to US$ 6.38 billion in May from a year earlier, marking the eight consecutive month of falling investment from abroad. Companies worldwide are still trying to cut expenses wherever possible in an effort to survive the worst economic crisis since the Great Depression. China relies heavily on FDI for its economic growth and development, with foreign-invested businesses accounting for 30 percent of industrial output, 55 percent of trade and 11 percent of urban jobs.
A few months ago, I wrote about the early stages of the conflict in Ukraine through the lens of Sun Tzu’s The Art of War. While it appears likely that the war will carry on into the foreseeable future, enough time has passed for us to make an honest assessment of each side’s relative […]
The Ukrainian Army has made dramatic strides in the last few weeks. Ukraine’s tactical commanders have outfoxed their Russian counterparts, and by issuing a feint towards the south the UA has been able to earn substantial gains in the north of their country. The impact of these efforts have been compounded by the steady stream […]
In mid-May the Irish political party, Sinn Féin, won the plurality of seats in the Northern Ireland Assembly. Many American readers might not fully understand the significance of Sinn Féin’s political victory- but rest assured that subjects of the United Kingdom and a wide range of political movements the world over have heard the message […]
The first wave of the Russian offensive in Ukraine has fallen short of Russian autocrat Vladmir Putin’s ambitions. Most analysts deduced that Putin had hoped to achieve a decapitation strike of the Ukrainian government- taking Kiev and replacing Ukrainian President Vladimir Zolinski with a pro-Kremlin voice. Kiev has been threatened repeatedly through the course of […]
On the weekend of March 26th, the notorious MS-13 gang went on a massive killing spree in El Salvador which left more than 70 people dead by Sunday. Even for a country where powerful gangs hold massive sway, this recent tragedy stands out considering that it was the bloodiest day on record since the civil […]
