Hu Chunhua, the second-youngest member of the Communist Party’s new Politburo, was appointed party boss of Guangdong, the southern manufacturing hub that has China’s biggest provincial economy. Hu, 49, replaces Wang Yang, a fellow Politburo member whose new post hasn’t been announced, the Xinhua News Agency said yesterday. Wang appeared publicly earlier this month when […]
As 2012 draws to a close, two imminent issues hang over the world economy. The better known one is the so called fiscal cliff, which could result in simultaneous reductions in government spending and increases in taxes in the United States. The second lesser reported issue is the ongoing clash between the U.S. Securities & […]
Transparency International’s latest corruption report is sober reading for Asian leaders committed to ending dirty dealings in the world’s fastest-growing region. Dec. 9 was International Anti-Corruption Day, and Asia’s report card was a big disappointment.China (SHCOMP), Japan and South Korea, three of Asia’s four biggest economies, all lost ground. So did such emerging-market darlings as Indonesia, Taiwan, Thailand and Vietnam. Even Hong Kong, routinely […]
The 18th National Congress of the Communist Party of China has selected the country’s next leaders. The leadership transition, however, will be formalized only with the consent of the National People’s Congress (NPC)—a puppet parliament with highly predictable voting patterns. Officially the highest state body in China, the NPC is mostly a showcase of democratic mimicry. […]
In the last half century, East Asia emerged as the uber-performer on the global economic stage. The various countries in the region found success with substantially different systems: state-led capitalism in South Korea, Singapore and Japan; wild and wooly competitive, entrepreneur-led growth in Taiwan and Hong Kong; and more recently, what Deng Xiaoping once described as […]
Want to find a job? That’s not a problem if you are trained as a technician and looking for work in China or Brazil. Ditto for sales representatives, who are in hot demand in Taiwan and Hong Kong. In Japan, engineers won’t sit idle. Meanwhile, in Ireland, IT workers are needed. In the Netherlands, it’s […]
In 1889, two years after an eccentric American millionaire established the European edition of The New York Herald, the precursor of the International Herald Tribune, Rudyard Kipling dined with some British businessmen in Hong Kong. The imperial rulers of China, most recently humiliated by France, had reluctantly started to modernize their vast domain; and British […]
“Brand Japan” has long benefited from the strength of Japanese companies in industries as diverse as automotives and music, or “J-pop.” The recent situation in China shows how that close association can also hurt businesses when nationalist sentiments go against them. As big businesses — fairly or unfairly — become the short-term targets of populist […]
During the past four years, the U.S. saw significant declines in nearly all categories of the economic-liberty index. Most significant — and this should come as no surprise to anyone paying attention — is that the size of government grew substantially, particularly when measured by size of government subsidies and transfers and by government consumption […]
Last month, Japanese activists planted their country’s flag on one of the Senkaku Islands (which the Chinese call the Diaoyu Islands), a chain claimed by China, Japan, and Taiwan. The move sparked protests in China and inspired headlines in the West, but the provocation was hardly surprising. Read Here – Foreign Affairs
looking beyond borders 