This month, a curious thing happened in the annals of diplomacy. A country offered up a peace plan to put an end to a seemingly endless civil war in Syria. This country was not one of the usual foreign policy suspects — it was not the United States, it was not in Europe, and it wasn’t Syria’s […]
Xi Jinping, the new head of China’s ruling Communist Party, told his fellow leaders that unless they address corruption social unrest may rise and it could lead to the demise of the party. “The preponderance of facts tell us that the more severe the corruption problem becomes, it will ultimately lead the party and the nation […]
For China bulls, things are starting to look up. The property market has been showing signs of life, and October retail sales, investment, and industrial production have come in above forecasts. A manufacturing index also showed improvement, and exports increased 11.6 percent in October, the fastest pace in five months. Yet one figure is going in […]
China’s central bank governor said convertibility will be the next step in the overhaul of the exchange-rate system as calls grow for the nation’s new leadership to deepen changes in the economy to sustain growth. “For the central bank, I think the next movement related to the yuan is going to be reform of convertibility,” Zhou Xiaochuan said at […]
In the course of a U.S. presidential campaign, the American public is bombarded with surveys asking voters to rank the relative importance of various issues, and whether they think the country is overall on the right track. Not so in China, where another leadership transition has just concluded, with the 18th Party Congress choosing Xi […]
There is no fiscal cliff in China, and probably no sex scandal at a spy agency waiting to burst, yet China’s new leader, Xi Jinping, is under just as much pressure as U.S. President Barack Obama to hit the ground running. Xi is assuming control of the Communist Party at a time when there is […]
China‘s president-in-waiting Xi Jinping won a strong mandate to lead the world’s second-biggest economy and deal with problems ranging from corruption to economic uncertainty. Xi was appointed head of both the ruling Communist Party and its top military body as the ruling Communist Party unveiled a new leadership line-up consisting of conservatives and respected financial reformers. In […]
Barack Obama, re-elected president of the United States, will start his new term in January. Xi Jinping, who will lead China for the next decade, will start his stint soon after. The two will have to become friends if they are to ensure that the global economy’s baby steps towards recovery are not crushed midway. […]
Mao Zedong believed that revolutionary fervor could overcome technological backwardness. But when more pragmatic leaders took power in Beijing, they found that China lagged so far behind the West that the country risked permanent second-class status. Mao’s successor, Deng Xiaoping, launched China’s rise by reforming the economy and opening the country to the West. With […]
China‘s ruling Communist Party unveiled its new leadership line-up on Thursday to steer the world’s second-largest economy for the next five years, with Vice President Xi Jinping taking over from outgoing President Hu Jintao as party chief. Xi was also named head of the party’s Central Military Commission, state news agency Xinhua said. The other new members […]
looking beyond borders 