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looking beyond borders

foreign policy and global economy

Archive for the tag “Economic Reforms”

What a Buddhist Monk Taught Xi Jinping

As an organization that has tried to squelch religion, the Communist Party under Mr. Xi is now backing it in ways that echo the approach of strongmen like Vladimir V. Putin of Russia, who use faith to legitimize their rule. Faced with growing social tensions and slowing economic growth, the government is turning to religion to bolster its hold on power.

Read Here – The New York Times

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China Names New Top Economic Officials

Changes to the top positions at China’s three main economic departments before the 19th National Congress of the Communist Party of China (CPC) will build a new core team to deal with tougher challenges to economic reforms in the future.

Read Here – ecns.cn

Modi in America: Strategic Sutonomy, Non-Alignment In His Diplomatic Lexicon

While the U.S. must understand India’s economic priority is not about adhering to some textbook notions of free market but to overcome poverty and seek development, India could begin to appreciate that U.S has a Pakistan-Afghanistan policy guided by multiple factors, and cannot change it only to please India.

Read Here – The Hindu

Not Temporary Fixes, But Structural Reforms

 

 

Li

Chinese Premier Li Keqiang‘s recently published article on China’s reform drive and international cooperation shows the country’s pragmatism and determination, and charts a new and unprecedented blueprint that will also benefit world economic growth. Li’s article titled “China’s economic blueprint”, which was published in the Economist magazine on Nov. 2, depicts the direction and key points of China’s reforms as well as prospects and paths of international cooperation.

Read Here – Xinhua

India’s Modi Faces An Existential Choice

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In the ultimate analysis, the Bihar election turns out to be a referendum on Modi himself. The single resounding message is that the Modi government’s lackluster performance is steadily eroding the overall credibility of the prime minister and his party.

Read Here – Asia Times

Xi Says China Will Not Experience A ‘Hard Landing’

China will continue to grow at a sustainable rate, and will not experience a hard landing, Chinese President Xi Jinping said in London. “China will not close the door it has opened. We are working to build a new system of an open economy and we will make renewed effort to make an open world economy”. In the next five years China is expected to import more than $10 trillion of goods, have more than $500 billion of overseas investment, and more than 500 million Chinese tourists will be expected to travel abroad, which presented enormous business opportunities, he said.

Read Here – China Daily

What’s Behind Chinese Leaders’ Response to the Market Crisis?

The current China conundrum lies in both economic and political dimensions, although much of the alarm about China’s economic downturn appears to be misplaced or overstated. China’s economic fundamentals essentially are solid. Multiple indicators point to a growth slowdown that remains broadly in line with the leadership’s game plan, and the authorities can draw upon enormous financial resources and economic resilience. Particularly if planned reforms go forward, the Chinese economy should be able to continue functioning as a reliable driver of global economic growth.
Read Here – Knowledge@Wharton

Modi’s Window For Reform Is Closing

The window of opportunity for Indian Prime Minister Narendra Modi to press for serious economic reform seems to be closing. A little over a year after taking office, Modi’s government has been caught up in its first big political scandal.

Read Here – Bloomberg

Fearing The Obvious

About one year in office, (Prime Minister Narendra) Modi has moved into the unchartered water of social cleavage issues. Some of his policies arouse people’s concerns about his and the BJP’s position on communal and caste issues. Divisive policies are likely to open the Pandora’s Box of social cleavage in India, the resulted controversies of which might jeopardize his own efforts for broader economic reforms.

Read Here – Global Times, China

Is It The End Of Road For India’s Congress?

Without the Nehru-Gandhi dynasty—virtually synonymous with the party since 1969, when Indira Gandhi led a band of loyalists out of the original Congress that helped India win independence from Britain some two decades earlier—Indian politics will likely become less feudal and more meritocratic. And Asia’s third largest economy may finally junk the last vestiges of the Nehruvian socialism that helped keep it poor, and the foreign-policy doctrine of nonalignment that placed it at odds with its natural allies in the democratic West, writes Sadanand Dhume

Read Here – The National Interest

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