China Eyes Great Welfare Leap Forward

In February, China’s President Xi Jinping announced a large and bold plan for a nationwide basically all-encompassing welfare system, arguing it is a crucial issue for state stability. It is a correct assessment because if there is no social security there will be a potential army with nothing to lose that will feel cast out from […]

Rate this:

What Europe’s Mistakes Teach Asia: WSJ

A Chinese proverb tells us that it is wise to learn from your own mistakes but wiser to learn from the mistakes of others. Asian leaders should take this advice to heart as they juggle between policies for social welfare and economic dynamism. By keeping a keen eye on Europe’s fiscal crises, they can avoid […]

Rate this: