As 2012 draws to a close, two imminent issues hang over the world economy. The better known one is the so called fiscal cliff, which could result in simultaneous reductions in government spending and increases in taxes in the United States. The second lesser reported issue is the ongoing clash between the U.S. Securities & […]
Most of us still look at China, the world’s second-largest economy, as the undisputed leader among major developing countries. In the long run, however, I’m betting on India to emerge as the more significant global economy. Those who are dazzled by China often forget that much of the rapid growth before 2008 was caused by the shift of […]
China said it will seek a higher “quality and efficiency” of growth next year, signaling new leaders may accept a reduced pace of expansion in exchange for a more sustainable model. There was no mention of seeking “relatively fast” growth, a policy in place since 2006, in a report yesterday by the state-run Xinhua News […]
Washington‘s aggressive pursuit of containment of China and Beijing’s difficulty in launching major economic and political reforms will likely prove an explosive mixture. Meanwhile, Japan, India, and other Asian powers exploit the logic of “two ovens”. The 18th Congress of the Chinese Communist Party was to be the springboard for economic and political renewal in […]
One of the elementary rules of foreign policy is when you are in a hole, stop digging. But judging by their recent behavior, Beijing’s foreign policy mandarins and national security establishment are clearly in violation of this rule. Despite the diplomat heat China has received for its tough stance on territorial disputes in recent months, […]
China stressed its adherence to peaceful development in response to a U.S. intelligence report predicting that China will surpass the United States to become the world’s largest economy before 2030. “China will unswervingly pursue a way of peaceful development. China’s development aims at making greater contributions toward peace and development of mankind, as well as […]
China has huge and long-term presence in Gilgit-Baltistan and is building extensive road, bridge and telecom networks to sustain it. The drivers compelling China to develop Karakoram Corridor are diverse and mainly pertain to its economic, strategic and political ambitions. However, the projects, which currently serve the strategic and economic interests of the investor, need to […]
With the European debt crisis, Japan’s return to recession, and the U.S. fiscal cliffhanger, China’s ability to keep on growing is getting a triple test. This week, both China bears and China bulls can point to numbers that seem to prove their cases. For those downbeat about China’s chances, the grim export figures for November […]
With his trip to Shenzhen and other places in southern China, Xi Jinping, the new leader of China’s Communist Party, has all but declared himself to be a reformer in the vein of Deng Xiaoping. Chinese politics is always full of signs, symbols, and suggestions. After a year characterized by a confusing mix of “signs […]
China and the United States are on a collision course — over accounting. Last week, the U.S. Securities and Exchange Commission (SEC) charged the Chinese affiliates of the world’s top five accounting firms with violating securities laws for refusing to hand over information on suspect Chinese companies to investigators. The move is the latest, most dramatic step […]
looking beyond borders 