China is prepared to issue new stimulus measures if necessary, Premier Wen Jiabao said on a press conference. Apart from the RMB 4 trillion stimulus package and additional tax cuts of as much as RMB 600 billion, China has prepared plans to cope with more economic difficulties. Mr. Wen repeated China’s 8 percent GDP growth target for this year, but admitted that “considerable efforts” will be needed to reach this target.
China’s Premier Wen Jiabao expressed his concern about the country’s large investment in U.S. treasuries. In his speech at the end of China’s annual parliament session, Mr. Wen urged the U.S. to “maintain its good credit, to honor its promises and to guarantee the safeties of China’s assets.” China, as the largest holder of U.S. debt with a total investment of $1 trillion, has a strong interest in an American economic recovery.
Premier Wen Jiabao delivered his speech at the end of the Chinese parliament’s annual session. In his speech he addressed a wide range of issues, including China’s FX reserves and concerns about the U.S., China’s currency policy, additional stimulus plans, GDP growth, unemployment, China’s fiscal deficit, North Korea, Taiwan, and Tibet.
JPMorgan Chase & Co. encouraged investors to buy shares of Chinese banks and insurers. According to the U.S. investment bank, China is likely to remain the only area with positive growth for financial companies in the world. Strong growth in bank lending and fixed-asset investment encouraged JPMorgan to include more Chinese financial companies in its Asian financial portfolio.
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 […]
