Fan Gang, who sits on the Chinese central bank’s monetary policy advisory committee, believes the Chinese economy has bottomed. While further interest rate cuts might remain an option, Mr. Fan sees ubiquitous signs for an end in China’s economic slow down. In his opinion, strong growth in car sales, rising investments, and slower decline in steel and energy consumption all point towards an economic recovery. Chinese officials remain confident that China will achieve its 8 percent GDP growth target for 2009.
Chinese officials and economist predicted additional Chinese financing to the IMF. They expect an additional $100 billion IMF bonds purchase by China. The additional financing would increase the IMF’s ability to tackle the economic crisis and provide financial support to struggling economies. China also demands a higher representation in the IMF, continuously pointing to the growing importance of developing countries.
China’s State Council decided to raise tax rebates on textile, iron and steel, nonferrous metals, petrochemical, electronic and light industrial exports. The new rates will take effect on April 1 and are meant to support China’s struggling export sector as part of the country’s economic stimulus package.
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 […]
