The Global Middle Class Has Stalled. Has It Stopped for Good?

The emerging world—lower and middle income countries alike—found China’s insatiable appetite for commodities in recent years a godsend. For the new middle class a commodity supercycle was the simplest route to plenty. If a country had commodities it benefited either from direct trade, or though persistently higher prices of nearly all industrial commodities. By meeting […]

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Eyeing Rich Bounty, China In Line For Afghan Role

 China, long a bystander to the conflict in Afghanistan, is stepping up its involvement as U.S.-led forces prepare to withdraw, attracted by the country’s vast mineral resources but concerned that any post-2014 chaos could embolden Islamist insurgents in its own territory. Cheered on by the U.S. and other Western governments, which see Asia’s giant as […]

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Australia’s Political Relationship With China Is Far Less Developed Than Its Economic Relationship

In Australia-China ties: in search of political trust, Linda Jakobson argues that this is detrimental to Australia’s interests because China is not merely an economic power but also a crucial political and security actor in the region. Underdeveloped political and strategic relations between Canberra and Beijing weaken Australia’s ability to exert influence regionally. Australia risks […]

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As China Slows, Australia Feels The Pain

The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding decade unemployment had averaged 7.8 percent, as Australia struggled to develop tourism […]

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