China’s $3.8 trillion of currency reserves are the largest stockpile ever amassed. Economists have long seen that money as a strength — the ultimate rainy-day fund should China’s shadow-banking system blow up. Trouble is, the value of those holdings depends on China’s $1.3 trillion of U.S. Treasuries. If they plunge in value, all hell breaks loose […]
Few news items over the past year had more entertainment value than one concerning the Onion and North Korean leader Kim Jong Un. It was funny enough that the faux-news website named the double-chinned Kim the sexiest man of 2012. More entertaining still was that the People’s Daily, the stern mouthpiece of China’s Communist Party, fell for it. Read Here […]
South Korea’s tycoons were relieved when the pro-business Park Geun Hye was elected last month as the nation’s 11th president. The main criticism against her predecessor and party mate, Lee Myung Bak, was that he was as beholden to corporations as leaders get. Park’s win was seen as a victory for the economic system that raised Korea […]
looking beyond borders 