Tag Archives: China

Book Review Adam Tooze. Crashed: How a Decade of Financial Crises Changed the World. Viking. New York. 2018 The global economic crisis is now more than a decade old, and is far from definitively behind us. Indeed, many fear, with good reason, that the recent, uneven and lethargic global recovery may soon come to an end, and that the next crisis of global capitalism could be even worse than that of 2008. The financial crisis and resulting crisis of the real global economy triggered by the...

I was in China October 20-28, throughout which I experienced and carefully observed China first hand. Here is a summary: China is doing very well, as usual, and the trade war between the U.S. and China has zero effect on average Chinese citizens, so far. Specifically, let me highlight four points:The opening of the HK-Zhuhai-Macau Bridge. China's Import Expo. Japanese PM Abe visited China. China in the large. econintersect.comWhat is really going on in China? Frank Li | Chinese ex-pat,...

Translation: The US needs to quit playing the victim when it is actually the perp.EcnsThe five fallacies in Pence's China speech Xinhua See also Reuters U.S. draws China FX into trade dispute as IMF calls for resolution Also Zero Hedge The Perfect Storm Bringing China And Russia Together Vanand Meliksetian via Oilprice.com Also Reuters U.S. security adviser Bolton vows tougher approach to China Also Valdai Club Eurasia’s Great Projects: Assets and Liabilities...

Must-read. It is not only worth reading but also studying.Samir Amin, recently deceased, was an Egyptian-French Marxist economist. The analysis presented in this post is spot on.It reveals the plan of West (US) since China's "opening up" under Deng, and now the Trump Administration in particular, to submit the Chinese economy and therefore China to Western (US) domination both economically and politically."Liberalization" is a trap. Europe fell into it, although the UK wisely refrained from...

While the West is divided, with the US and the EU arguing with each other and suffering from internal crises, China and India are becoming world powers. What does it mean globally and locally? Should we expect any Asian country or Asia as a whole to become a new powerhouse? How to preserve security in the region and what Russia’s role in that could be? The world’s balance of power is slowly, but steadily moving towards Asia. While some countries like South Korea and Japan still depend on...

An unintended outcome of US President Donald Trump's trade war is that China will reduce its reliance on foreign trade and imported technologies. The end result could be a China that is stronger, more resilient, and possibly less willing to acquiesce to US-designed rules. No brainer. I've been saying this since the beginning of the so-called trade war. Like Russia, this is just forcing China to speed up what it was already committed to do in becoming more self-sufficient and developing the...

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said. The People’s Daily newspaper, which is published by the ruling Communist Party, made the comments in a front-page article in its overseas edition on Wednesday.... China to follow Russia's lead in import substitution. This means that those markets will be...

Venezuelan President Nicolas Maduro returned to Caracas Monday upon concluding a four-day visit to the People’s Republic of China, which saw the two countries sign twenty-eight bilateral agreements, including a new US $5 billion Chinese loan and joint plans for a fourth satellite, in addition to strengthening political ties.... “I have had to overcome economic sanction measures by the US and Europe, who persecute Venezuelan bank accounts, kidnap billions of dollars in international...

China did not have a credit rating system previously and the quickly expanding economy along with ecommerce required one, since credit is an essentially aspect of a modern monetary production economy, which China adopted during the era of Deng Xiaoping in introducing a market-based economy. Apparently it is a popular in spite of receiving a lot of bad press in the West as being controlling. Well, it turns out that the Chinese are fans of good order and tehy view the social credit system as...

Important geopolitically.GeopolitikaChina and Multipolarity Leonid Savin Translated from Russian by Jafe ArnoldSee alsoReutersEU must grasp world role as U.S. retreats, Juncker says Alastair Macdonald