China stressed its adherence to peaceful development in response to a U.S. intelligence report predicting that China will surpass the United States to become the world’s largest economy before 2030. “China will unswervingly pursue a way of peaceful development. China’s development aims at making greater contributions toward peace and development of mankind, as well as […]
North Korea’s improving missile capability cast a shadow on political campaigns in two of its neighbors, heightening focus on a potential threat that may prompt Japan to stiffen its defense posture and provide a bump to South Korea’s conservative candidate. North Korea yesterday deployed a communications satellite from a rocket eight months after a previous attempt failed, […]
China has huge and long-term presence in Gilgit-Baltistan and is building extensive road, bridge and telecom networks to sustain it. The drivers compelling China to develop Karakoram Corridor are diverse and mainly pertain to its economic, strategic and political ambitions. However, the projects, which currently serve the strategic and economic interests of the investor, need to […]
With the European debt crisis, Japan’s return to recession, and the U.S. fiscal cliffhanger, China’s ability to keep on growing is getting a triple test. This week, both China bears and China bulls can point to numbers that seem to prove their cases. For those downbeat about China’s chances, the grim export figures for November […]
As a general proposition, it is refreshing to hear an American talk about “soft power.” Especially outside U.S. borders, in “old” Europe and the “new” emerging markets, hope inevitably rises that the United States is finally wising up. People there have long been befuddled by the United States’ penchant over the past decade to focus […]
With his trip to Shenzhen and other places in southern China, Xi Jinping, the new leader of China’s Communist Party, has all but declared himself to be a reformer in the vein of Deng Xiaoping. Chinese politics is always full of signs, symbols, and suggestions. After a year characterized by a confusing mix of “signs […]
The United States is a nation of immigrants. Except for a small number of Native Americans, everyone is originally from somewhere else, and even recent immigrants can rise to top economic and political roles. President Franklin Roosevelt once famously addressed the Daughters of the American Revolution – a group that prided itself on the early […]
New technologies, dwindling resources and explosive population growth in the next 18 years will alter the global balance of power and trigger radical economic and political changes at a speed unprecedented in modern history, says a new report by the U.S. intelligence community. The 140-page report released today by the National Intelligence Council lays out […]
China and the United States are on a collision course — over accounting. Last week, the U.S. Securities and Exchange Commission (SEC) charged the Chinese affiliates of the world’s top five accounting firms with violating securities laws for refusing to hand over information on suspect Chinese companies to investigators. The move is the latest, most dramatic step […]
Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farmland. Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped. Just two years after China overtookthe U.S. to become the world’s largest manufacturer, the country faces the […]
looking beyond borders 