Tag Archives: China

A graph that shows, for a longer span, essentially the same information presented in Robert Allen's graph of manufacturing production, and discussed before here. It is evident that the rise of China (India is not quite yet visible, even if its share did increase) represents a certain rebalancing, which is inevitable as the income per capita grows in that country, even if it does not scape what mainstream economists refer to as the middle income trap. Source here, and the data is, as...

More grand chessboard.More interference in countries most Americans don't know where are and some they never even heard of. Why? "China." Translation: Maintaining permanent US global hegemony. CounterpunchAmerica’s Long War: US Tightens the Noose on ChinaSean Stinson

A view of the development of market socialism with Chinese characteristics. Julian Gewirtrz’s “Unlikely Partners” charts, with an extraordinary attention to detail, these world-historic decisions and focuses on the role that foreign economists played in these early stages of China’s transformation. But while the declared focus of the book is on the foreign-to-Chinese interaction and cooperation, with the high point (extremely well described) being a week-long cruise-seminar in August 1985...

Donald Trump has chided China for failing to take responsibility for its dangerous neighbor. But America's president should be careful what he tweets for: If China launched a military invasion of North Korea, it could work – and China would gain greater strategic parity with the US in East Asia. Project SyndicateA ‘China First’ Strategy for North Korea Bill Emmott, former editor-in-chief of The Economist

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar...

Chinese R&D investment has grown remarkably over the past two decades. It is now the second-largest performer in terms of R&D spending, on a country basis, and accounts for 20 percent of total world R&D expenditure, with the rate of R&D investment growth greatly exceeding that of the U.S. and the EU.… This steep improvement in S&T performance has been underpinned by significant strides in science and engineering education. China is now the world’s number one...

Good article on the rise of China without China bashing.Project SyndicateThe Global Economy’s New Rule-MakerMichael Spence | Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Advisory Board Co-Chair of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth...

Over the past year, a total of 43 trains have run on the route, delivering more than 17,000 tonnes of products, worth 236 million U.S. dollars, from Guangzhou to Russia. It takes the train 15 to 18 days to reach Vorsino, about 10 days less than the sea-rail transport service, and 25 days less than a ship. The costs are just one-third of air transportation. "Our train runs once per week and were fully loaded from March this year, one of the highest loading rates among all China-Europe...

Delusional article of the day.As China becomes a hegemon and the US pursues a short-sighted and largely undefined 'America First' policy, Europe must tend the flame of values-based policy and the rule of law. This person is complete out of touch with what is happening in Europe.Asia TimesWho will stand up, against China, for rules-based order?Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, member of the Spanish Council of State, and a...

China bought 90,000 robots in 2016, accounting for almost a third of the global total, and the robot revolution may raise China's economic competitiveness, according to a report released this week by Bloomberg Intelligence. China.org.cnChina on rapid progress of robotization: study Xinhua