Some of China‘s most respected public intellectuals are warning that society and economy are being held hostage to the wealth-maximizing requirements of the political elite. These warnings echo privately in business circles, too, where entrepreneurs continue to be enthralled by the prospects of short-term profits but increasingly alarmed about their personal and financial security. Officials in developed […]
NEW YORK — Eleven years ago today, some two dozen Japanese citizens were among the nearly 3,000 people killed in the terrorist attacks that brought down the World Trade Center. The date is now immortalized as “9/11,” and its aftermath has changed the world in countless ways. With the benefit of hindsight, the world may well […]
…the rapidly developing China-DPRK economic relations have certain problems that need to be solved. Pyongyang has a trade deficit with Beijing and does not have enough foreign exchange reserves. Besides, its economy is anemic and has entered a vicious circle. The imbalance in China-DPRK trade is not only an impediment to DPRK’s development, but also has […]
Questions do linger, and not only about Mr Xi’s health. That in itself is of course a matter of great import. He is currently China’s vice president, looks a bullish 59 years old, and has been groomed as the man who in coming months will replace Hu Jintao, the outgoing president and Communist Party chief, […]
The strange disappearance from public view of China’s presumptive new leader is turning a year that was supposed to showcase the Communist Party’s stability into something of an annus horribilis. Over the past week, the new leader, Xi Jinping, has missed at least three scheduled meetings with foreign dignitaries, including Secretary of State Hillary Rodham Clinton last Wednesday […]
“GOING OUT” is the name China calls its strategy to increase outward foreign direct investment (ODI—ie, not the FDI coming in), first proposed in 1999 and implemented in earnest five years later. From 2004 to 2011, China’s ODI grew from $5.5 billion to over $65 billion a year, and it is expected to reach $150 billion by […]
China tends to like Republicans in the White House because it’s clear what they want: free trade, low taxes and strong national security. Democrats are more capricious and delve into messy issues like human rights and the environment. In the case of Republican presidential nominee Mitt Romney, though, you would be forgiven for thinking officials in Beijing […]
A Xinhuaeditorial paints the United States as a “sneaky trouble maker sitting behind some nations in the region and pulling strings.” In the Global Times, Chinese Academy of Social Sciences scholar Ni Feng states that the U.S. pivot is “stirring up tensions between China and its neighbors”; while Renmin University scholar Jin Canrong argues that Washington aims to “dominate the region’s […]
State Councillor and Minister of National Defence of China Liang Guanglieis the most senior Chinese military official to visit India since the visit of his predecessor, Cao Gangchuan, in 2004. On the eve of his arrival in Delhi at the invitation of Defence Minister A.K. Antony, General Liang provided written answers to questions submitted by editors […]
Concern is growing that China’s economy could be headed for a hard landing. The Chinese stock market has fallen 20 percent over the past year, to levels last seen in 2009. Continued softness in recent data – from purchasing managers’ sentiment and industrial output to retail sales and exports – has heightened the anxiety. Long […]
looking beyond borders 