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 – […]
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 […]
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 […]
Some believe, or fear, that Modi is so powerful that he is a shoo-in for a second term in 2019. But a year in office has made it apparent that Modi’s mind is too old for the composite mind of India. In 2014, a youth wave voted Modi into power. It does not seem impossible […]
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 […]
China’s growth has slowed largely as a result of changes in its fundamentals: less favorable demographics, a shift in emphasis from exports and public investment to the service sector and domestic consumption, and lower demand from advanced economies. But China’s past success also contributed to this slowdown, in the form of higher wages, which narrow […]
With Chinese President Xi Jinping scheduled to visit the United States late this month, U.S. commentators and presidential hopefuls are debating whether Xi’s planned state visit should be downgraded or even cancelled. Organizers of the visit settled on the September timing knowing full well the presidential campaign would likely produce a toxic media environment. Read […]
China cannot match the United States’ proven track record of projecting its military power in the Middle East. Nevertheless, there is wide agreement among Saudis that during a time of unprecedented turmoil in the region, it is vital to keep all their options open and to strengthen relations with as many regional and global powers […]
Commodities trading guru and hedge fund manager Jim Rogers has sold his holdings in Indian companies and exited India because, he says, the National Democratic Alliance (NDA) government has failed to live up to investors’ expectations. Read Here – Mint
During the last U.S. presidential election, an editorial in a Chinese state-run newspaper declared that if Washington insisted on flouting Chinese interests (by selling arms to Taiwan, for example), Beijing should “use its financial weapon to teach the U.S. a lesson.” Three years later, America owes even more to China than the $1.16 trillion it owed then. […]
