Lying in a Beijing military hospital in 1990, General Wang Zhen told a visitor he felt betrayed. Decades after he risked his life fighting for an egalitarian utopia, the ideals he held as one of Communist China’s founding fathers were being undermined by the capitalist ways of his children — business leaders in finance, aviation […]
As the report at the 18th Party Congress has stated, China will hold high the banner of socialism with Chinese characteristics. It will free up the mind and implement reform policies. It will open up, pool strengths, overcome difficulties, and strive to complete the building of a moderately prosperous society. By 2020, when the CPC […]
t every South Asian Association for Regional Cooperation (SAARC) conference member states advocate strengthening regional integration through the creation of some kind of common economic union, expanding people-to-people contacts, and reclaiming South Asia’s shared heritage. No doubt engagement between these eight nations has increased over the years. Trade between the bloc and people to people contacts have […]
“A modest man,” Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, “but then he has so much to be modest about.” We should say the same about economists, particularly their ability to forecast anything in a useful and timely manner. Those predicting an imminent American economic decline have usually been no exception. This […]
Central banks in Indonesia and India, with the worst-performing currencies among Asian emerging markets this year, will face more challenges in 2013 as they balance inflation risks with the need to boost growth. The Reserve Bank of India must deal with “conflicting cues” from elevated prices and an economic slowdown, complicating policy decisions even after […]
Global attention is increasingly turning towards Asia as the concurrent rises of China and India signify the nascent stages of the Asian 21st century. As part of this focus, greater reflection is being given to the standing that India and China have held in the past; their natural primacy as great powers in terms of demographics, economic clout […]
Last week, Narendra Modi, a deeply polarizing Indian politician, led his party to a third consecutive election victory in the western state of Gujarat, which he has led for more than a decade. Though regional contests in the country are usually of little interest to outsiders, Mr. Modi’s win is significant because it sets him up as […]
The year 2012 began with festering Chinese sovereignty claims in the South and East China Seas, but also with hope that a code of conduct brokered by the Association of Southeast Asian Nations would enable them to be resolved peacefully. The year is ending, however, with those hopes dashed and ASEAN more divided than it […]
Between 2010 and 2020, Chinese and Indian consumers will spend some $64 trillion on goods and services. Chinese consumers will spend approximately $41.5 trillion, with annual expenditures reaching more than $6 trillion in 2020. Indians will spend $22.5 trillion, with annual spending hitting an estimated $3.6 trillion by 2020. Combined, they will be spending some […]
Europe’s leaders are starting to talk, cautiously, about economic recovery. “Growth is expected to pick up in the second half of 2012 and gather speed in 2013,” Olli Rehn, the European Commissioner for Economic and Monetary Affairs, wrote in a Dec. 10 column in the Financial Times. Sounds encouraging—but Europe Inc. isn’t buying it. From steelmakers […]
