China may be on its way to being a hybrid leader that can avoid overseas adventurism as it tries to rapidly abandon fossil fuels and modernize its unstable neighbors’ economies.
President Obama’s decision to take a five percent pay cut to express solidarity with federal workers affected by the sequester is just one more reminder of the many economic challenges that the United States confronts, some of them a consequence of recent political decisions but others rooted in deeper structural causes. Despite this reality, American […]
It is NOT surprising at all, that Chinese authorities raised interest rates over the weekend of December 25/26 (the second such raise in 10 weeks) amid inflationary concerns. Analysts and experts, both domestic and foreign, have been predicting such a development due to the high levels of growth during the last three years (9.1% GDP […]
After Japan’s anemic 0.1% economic growth in the 2Q, China has now supplanted its ancient rival as the world’s second-largest economy marking another milestone in the country’s transformation from an impoverished ‘Third World’ communist state to global economic superpower, and carries with it broad geopolitical implications.
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