China’s overall economic performance is better than expected, according to Zhou Xiaochuan, governor of the People’s Bank of China. Beijing’s top central banker expressed his optimism about domestic demand and financial stability in China at the International Monetary and Financial Meeting held in Washington. Mr. Zhou praised the immediate reaction and bold stimulus measures of the Chinese government as main causes of the positive economic performance.
China is set to overtake the U.S. as the world’s biggest wind-power growth market in 2009, according to industry insiders. While its total installed wind-power capacity is still less than half of that in the U.S., China is expected to add about 10,000 megawatts of capacity in 2009. The U.S. on the other hand may fail to match last year’s growth of 8,500 megawatts, mainly due to the recession and credit crisis.
Beijing and Taipei signed a number of agreements in Nanjing, accelerating the opening of financial services and direct investment between the two countries. The agreements, which also included direct flight connections and joint criminal investigations, follow in the new path of normalizing relations between the two former civil war rivals, after ten years without any formal exchange. More detailed memorandums especially for the banking sector are expected to follow within this year, according to industry analysts.
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 […]
