A new Pew Research Center analysis finds that the global middle class encompassed 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic. Meanwhile, the number of poor is estimated to have been 131 million higher because of the recession. The drop-off in the global middle class was […]
The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance. Japan is back to planning the delayed 2020 Summer Olympics, while China focuses on the Beijing 2022 Winter Games. Having been hit by COVID-19 first, Asia is also recovering first. At the pandemic’s […]
The United States must forge a relationship with China defined by an uncomfortable and undeniable paradox: deep and complex interdependence on the one hand and rapidly diverging interests—regarding security, economics, technology, ideology, and more—on the other. Read Here | Foreign Affairs
The accelerating rollout of COVID-19 vaccines in many advanced economies has set the stage for rapid recovery in the second half of this year and into 2022. Although growth in digital and digitally enabled sectors will level out somewhat, high-employment service industries will ride a wave of pent-up demand. Read Here | Project Syndicate
America’s massive monetary and fiscal policy experiment is being conducted against the backdrop of a so-called everything asset and credit price bubble, which is very much larger and more pervasive than the earlier U.S. housing and credit market bubble. Read Here | The National Interest
A superpower denied? China’s economic growth rate will slow appreciably going forward, as will its pace of development and innovation, thanks to a demographics nightmare. And the world needs to take notice. Read Here | The National Interest
The world’s three major private credit-rating agencies are using their power to prevent low-income countries from restructuring their debts and stimulating their economies. The case for an independent public ratings agency has never been stronger. Read Here | Project Syndicate
Long before the present border dispute occurred, Sino-Indian relations had been steadily declining due to rampant misperceptions of the other side, contributing to a lack of trust. The most fundamental misperception between the two countries is the inability to comprehend each other’s international ambitions, yielding the fear that their foreign policies are targeted against the […]
President Joe Biden spent the first months of his presidency hunkered down as he worked on getting more vaccines into people’s arms and a massive bill to deal with the pandemic to his desk. With that $1.9 trillion legislation set to clear Congress and the pace of vaccinations picking up, the White House is preparing […]
Premier Li Keqiang’s grip on power is weakened by proposed amendments to laws governing the organization and functioning of the National People’s Congress (NPC) to enable its Standing Committee, while the NPC plenum is in recess, to appoint deputy premiers on the recommendations of the Communist Party’s central leadership. Read Here | Asia Times
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