Trade numbers for 2012 show that China has become the world’s biggest trader, unseating the United States that has ruled the global trading charts for several decades. It is a momentous shift that is bound to have far-reaching impact on the way Beijing sees itself and the manner it influences geopolitics. As it becomes the […]
The Ministry of Commerce has quashed recent media reports speculating that China had surpassed the United States to become the world’s biggest trading nation by volume. Recent data from the world’s two largest economies show that Chinese trade in goods and services reached $3.87 trillion in 2012, according to the General Administration of Customs, while […]
Will the eurozone crisis end in 2013, or will it drag on throughout the year, and perhaps even deteriorate anew? This is likely to be not only the crucial question for the European Union’s further development, but also a key issue affecting the performance of the global economy. While the EU clearly needs internal reforms, two […]
This month, the United States National Intelligence Council released a sobering report entitled Global Trends 2030: Alternative Worlds. Most important, according to the authors, if current trends continue, Asia could soon surpass North America and Europe in global power. It will have a higher GDP, larger population, higher military spending, and more technological investment. In this […]
looking beyond borders 