Tag Archives: China

The Chinese Communist Party (CCP) has always said the country will never copy the political systems of other countries, in particular the Western notion of democracy. But under Xi—the most powerful Chinese leader in four decades—China’s own one-party system is one that is ready to be exported to regimes everywhere. Throwing down the gauntlet at the feet of the international liberal order. When asked whether China is deviating from its self-avowed policy of noninterference in other...

[I am publishing early and somewhat modified versions of self-contained sections from my forthcoming book “Capitalism, alone”, Harvard UP, hopefully 2019. They may be a bit longer than my usual posts. This is the first such piece. All comments are welcome] Global Inequality Will bourgeoisie ever rule the Chinese state?Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead...

More than 300 satellites will be put into orbit as China, inspired by US billionaire Elon Musk’s plan to get the entire world online, aims to establish a global Wi-Fi network of its own. Musk’s Starlink initiative reportedly consists of more than 12,000 interlinked satellites. The state-owned China Aerospace Science and Technology Corporation has been tasked with developing and launching such satellites, the Beijing-based Science and Technology Daily reports.... Asia TimesChina to follow...

Perhaps the biggest mystery in economic analysis in the last few years has been trying to find an explanation for the big decline in labor force participation since 1999. A recent NBER working paper by Abraham and Kearney has posited the most comprehensive answer to date. Since it was summarized in this Washington Post article, I’m just going to quote a few paragraphs and suggest that you read the entire article.... Angry BearChina, not automation, is by far the biggest factor in the...

Beijing is turbo-charging its infrastructure connectivity across the region and the Caribbean. "Who lost Latin America?"Asia TimesChina’s ‘New Silk Roads’ reach Latin America Pepe Escobar See alsoTalk of four nation-led ‘alternative’ to Belt and Road picks up steam Asia Times StaffSee also Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an...

China's success serves as one of alternative options to those proposed by the West, "Yet China is not interested in the so-called 'competition of systems'", Chinese congresswoman and senior diplomat Fu Ying wrote in a signed article to the special edition of German Times for the Munich Security Conference being held from Friday to Sunday. In the article, Fu Ying, chairperson of the Foreign Affairs Committee of the National People's Congress, said that China has no intention to export its...

The US Securities and Exchange Commission (SEC) Has Rejected a Bid by a Chinese-Linked Consortium to Acquire the Chicago Stock Exchange, Amid Widespread Political Opposition to the Deal. The Exchange, Which Handles Less Than 1% of Daily US Stock Trading, Was Hoping the Sale Could Be a Springboard to a Brighter Future, Attracting New Listings and Investments From China. Unfortunately for the Institution, the Deal Came at a Complicated Time in US-China Relations When It Was First Proposed...

The entire story about mass casualties of Russian PMCs is based on unconfirmed and fake data, that includes a few real facts like the US strikes, some PMCs casualties and the participation of the ISIS Hunters in the incident. The rest is an orchestrated campaign in keeping with the best traditions of propaganda. The goals of which would be that:the US is able to fight back against the Russians in Syria; Russia is not able to defend its interests; the Kremlin is not concerned over killed...

World Economic Forum | AgendaEurasia, the supercontinent that will define our centuryBruno Maçães | Senior Advisor, Flint Global

 It's on. China will soon be able to trade oil using its own currency by creating a futures market to rival the international benchmark contracts which are traded exclusively in dollars.  The China Securities Regulatory Commission confirmed its plans to begin the trade of yuan-based oil futures on the Shanghai Futures Exchange from March 26 on Friday.  China is now the world’s largest crude importer which is understood to be a large part of its drive to establish a benchmark which reflects...