President Obama’s new nominee for the position of commerce secretary, Gary Locke, could help strengthen economic ties between China and the U.S. Locke, son of Chinese immigrants, has shown extensive commitment to U.S.-China relations during his two terms in office as governor of Washington state. The nomination of Locke comes at a time where bilateral ties between China and the U.S. are increasingly important for both countries. Locke’s cultural background and familiarity with China could help strengthen economic cooperation between the two countries.
Sun Mingchun, an economist with Nomura International, sees potential for China’s fiscal stimulus plan to be doubled over the next three years, spurring an investment boom similar to the early 1990s. Amidst falling export demand and a struggling domestic property market, Sun sets his forecast on China’s future investment growth. High savings rates, foreign exchange reserves of $ 1.95 trillion, and demand growth through rural dwellers moving to urban areas could further help spur economic growth of up to eight percent, according to Sun.
Faced with severe decrease in export growth China’s President Hu Jintao again emphasized the importance of domestic demand for overall economic growth. At a meeting of the Politburo the President announced “more forceful” measures to increase domestic consumption in order to cushion the drop in export growth.
China’s State Council announced plans to boost domestic demand for nonferrous metals and strictly control capacity expansions. As part of the stimulus plan for nonferrous metals China plans to encourage mergers within the industry and provide financial aid to domestic metal producers.
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 […]
