Li Says Resilient China Remains Source Of World’s Growth

Premier Li Keqiang says that China’s economy remains a source of the world’s growth thanks to people’s zest for innovation, entrepreneurship and stronger international cooperation. China’s confidence is well-grounded and not “blind optimism,” the premier said in a speech at the World Economic Forum’s event in northeast China’s Dalian, known as Summer Davos. Read Here – […]

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India Plays Hard Ball In Afghanistan

Though India’s ambassador to Afghanistan has rejected suggestions that New Delhi is heading for a strategic shift in relations with Kabul, India’s decision not to revive the Strategic Partnership Agreement signed in 2011 is being viewed as a sign of New Delhi’s displeasure over the Afghan unity government’s outreach to Pakistan at the cost of […]

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Secular Stagnation: The Dismal Fate Of The Global Economy?

China has many levers to pull economically, and stagnation and lower potential growth are relative. But the global hunt for economic growth by central banks will be a persistent source of volatility in financial markets. Without the ability to jump start their economies using traditional monetary policies, central banks will use unconventional policies more often […]

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If Xi Stumbles

For Xi, even the slightest perception of a stumble is politically risky. In the two-and-a-half years since he came to power, his anti-corruption drive has turned many of his former comrades into bitter enemies. The bureaucracy, frozen in fear and outraged about the loss of many of its privileges, including entitlements to bribes, may well […]

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In Russia, Perestroika Has Won After All

Contrary to what incompetent propagandists keep saying, it was not Gorbachev who ruined the Soviet Union, but the top of the state machinery who revolted against his democratic reforms. Boris Yeltsin’s deadly enmity played a disastrous role. Leonid Kravchuk, the former ideology chief of the Communist Party in Ukraine, made the second largest personal contribution […]

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Selling Off The State In China

The good news is Xi is changing tack. Rather than just tossing more stimulus at the economy and stocks, he’s redoubling efforts to reform the inefficient and opaque state-owned enterprises at the root of so many of China’s vulnerabilities. In other words, Xi is finally working to strengthen China’s foundations rather than papering over the […]

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Iran Exposes the Myth Of GCC Unity

The Gulf Cooperation Council (GCC) seeks to portray itself to the outside world as a unified entity, particularly during periods of heightened regional instability, such as Saddam Hussein’s invasion of Kuwait and the 2011 Arab uprisings. Yet below the surface, the Council’s six monarchies are divided internally by historic rivalries, changes in leadership and a […]

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