The recent Third Plenum of the 18th Chinese Communist Party’s Central Committee inaugurated a number of significant reforms. Among the most interesting developments is China’s establishment of a new “State Security Committee” (SSC), an important step in further centralizing power into the hands of the party’s top leadership. Read Here – The Diplomat
Most concrete walls in Sri Lanka have been demolished in the past four years since the ethnic war ended, but the emotional barricades remain as the country battles its bloody past and tries to make peace with itself. It’s easier said than done. Read Here – ThisDayAndThat
China’s 850 cities are witnessing the largest urbanization movement in human history. By 2025 China is expected to have 221 cities with over a million inhabitants and 23 cities with more than 5 million people. Such explosive urban growth is straining Chinese infrastructure. Read Here – The Diplomat
Yes, Bitcoin is what some call a deflationary currency. Because the system was designed to allow the creation of only a finite number of bitcoins, there will come a point where, as demand rises, the value of the currency will only go up (making the price of goods and services fall, hence the term deflation). And that could […]
In the latest move in China’s anti-waste campaign, central authorities have issued rules to standardise fund management and ban Party and government extravagance Read Here – China Daily
India and China find that pragmatic flexibility trumps ideology in trade policies. Case in point: Israel. Read Here – The Diplomat
The Chinese leaders see no contradiction between economic and social liberalization on the one hand and more political control on the other. In fact, in their minds, the latter is the condition for the former. Lightening up and tightening up are two sides of the same coin. Read Here – Bloomberg
To remain competitive, modern economies need to establish banking systems capable of providing stable access to credit to talented entrepreneurs and responsible households. Read Here – Foreign Affairs
Since 1976, the US dollar’s role as an international currency has been slowly waning. International use of the dollar to hold foreign-exchange reserves, denominate financial transactions, invoice trade, and as a vehicle in currency markets is below its level during the heyday of the Bretton Woods era, from 1945 to 1971. But most people would […]
Watching China’s economic planning process, Indians may be tempted to ditch democracy. Here’s why they shouldn’t. Read Here – The Diplomat
