The recent financial turmoil in China, with interbank loan rates spiking to double digits within days, provides further confirmation that the world’s second-largest economy is headed for a hard landing. Fueled by massive credit growth (equivalent to 30% of GDP from 2008 to 2012), the Chinese economy has taken on a level of financial leverage […]
By South Asian standards, politics in Bhutan remains exceptionally clean and gentle. The electoral commission forbids even serving beer or yak cheese, chili and rice at campaign meetings. Each night the sole national television channel shows respectful debates between candidates. Policy differences are slight, and parties vie in their adoration for the monarchy. Read Here […]
World economic growth will struggle to accelerate this year as a U.S. expansion weakens,China’s economy levels off and Europe’s recession deepens, the International Monetary Fund said. Read Here – Bloomberg
Myanmar is home to a growing wave of anti-Muslim sentiment, as seen in the troubling 969 movement. The numerical significance of the digits is rooted in Buddhism’s Three Jewels (Tiratana), which comprise 24 attributes: nine special attributes of Lord Buddha, six core Buddhist teachings, and nine attributes of monkhood. Read Here – The Diplomat
It would be perversely ironic if Edward Snowden’s crusade against the U.S. government Internet surveillance programs resulted in less Internet freedom in Russia. Read Here – Moscow Times
(China and the United States) have a deeper intractable challenge that will, in the longer-term, get worse. What’s interesting is that they’re the inverse of each other: in the U.S., wealth and private sector interests capture the political system. In China, politicians capture the private sector and the wealth that comes with it. Read Here […]
General (retired) Pervez Musharraf, Pakistan’s former military strongman and once Washington’s trusted ally in the war on terror, may soon be prosecuted, the first time in the country’s history that a former army chief will face legal action for violating the constitution and tampering with its democratic institutions. Read Here – The Hindu
In March 1898, a 23-year-old Winston Churchill published his first book, The Story of the Malakand Field Force. In it, he advanced the best advice yet given on how an outside imperial power should deal with a country like Afghanistan. Read Here – RealClearWorld
As the United States seeks to navigate China’s rise, analysts have suggested several grand swaps between Washington and Beijing — sweeping deals, either tacit or explicit, in which the U.S. would back away from one of its long-standing Asian commitments in exchange for Chinese assistance on a separate matter of strategic importance. Read Here – […]
Russia has consummated some huge energy deals with China in recent weeks. These deals are – or at least are being advertised as – major steps forward in the Russo-Chinese energy relations, Russia’s pivot to Asia – which uses big energy sales to upgrade its influence and standing – and the development of the energy […]
