China’s OBOR Vision: No Development Masterpiece

China’s OBOR Vision: No Development MasterpieceThe One Belt-One Road summit held last weekend in Beijing is fundamentally the elaboration of a Chinese dream wherein participant countries appear only as facilitators and fade away when compared with the gains China would make out of it. A look at the extent of money China is planning to pour in justifies the contention…

Zheng He’s Modern Doppelganger

Zheng He’s Modern DoppelgangerThere is an uncanny resemblance between today’s China and the voyages of Zheng He in the early 15th century. The specific parallel I have in mind is China’s Belt and Road initiative, which is being celebrated by the May 14-15 summit meeting in Beijing of 23 leaders of nations along the routes. Back in the…

Xi Jinping’s Massive Urban Monument to Himself

Xi Jinping’s Massive Urban Monument to HimselfIn a bid to decongest the sprawling and polluted capital of Beijing, the government is developing a “subsidiary capital” covering 2,000 sq. km. about 160 km. south of the capital city that President Xi Jinping envisions as a “world-class, green, modern, elegant first-class city.” It is potentially the largest development project in modern Chinese history…

China’s Coming Debt Crisis

China’s Coming Debt CrisisThe problem of debt in China is not the bursting of a bubble. It is much worse. As the Middle Kingdom approaches the worldwide record of accumulated debt, productivity losses are becoming increasingly apparent. That is very bad news. Every economy relies of a certain amount of debt. That is an empirical fact. But China’s…

Historic Climate Pact Endangered

Historic Climate Pact EndangeredUS President Donald Trump’s campaign promise to “cancel the Paris Agreement” is one step closer to reality after leaders from the Group of 20 richest economies backtracked on pledges to allocate $100 billion per year by 2020 for climate change response. The trend will hit hardest in countries that are not only vulnerable to climate…

Obama’s Tilt to Asia: Too Little, Too Late

Obama’s Tilt to Asia: Too Little, Too LateDonald Trump is encountering a fusillade of criticism alleging that his approach to Asia is creating a vacuum that will be eagerly filled by Beijing.  But those making this argument would be much more honest if they acknowledged that part of the blame lies with Trump’s predecessor as well. That Barack Obama deserves some censure…

Can Asia Compete for Regional Airplanes?

Can Asia Compete for Regional Airplanes?The year 2017 is shaping up to be a banner year for commercial airplane makers. Boeing and Airbus, makers of the “big jets,” will introduce new models this year, as will the two big makers of “regional” airliners Brazil’s Embraer and Canada’s Bombardier. Into this busy mix come two Asian aircraft manufacturers, one in China…

A New Asian Great Game Gets Underway

A New Asian Great Game Gets UnderwayNot one but two new Silk Roads are being born from the ashes of the ancient trade routes that were for centuries central to cultural interaction through regions of the Asian continent. In effect, a new Great Game – a term used to describe the 19th-century contest for political and diplomatic primacy between Britain and…

TPP’s Demise Doesn’t Mean China’s Outright Victory

TPP’s Demise Doesn’t Mean China’s Outright VictoryWith the US-led Trans Pacific Partnership (TPP) now officially in limbo after President Donald Trump backed out, Asian markets are open for China to dominate. That is the analysis that has dominated the world media in depicting the post-TPP scenario. But for one thing, it fails to quantify the so-called domination and the myriad challenges…

China and the US Contradict Each Other on Trade

China and the US Contradict Each Other on Trade“Pursuing protectionism is like locking oneself in a dark room,” said China’s President Xi Jinping at the World Economic Forum in Davos. “Wind and rain may be kept outside, but so is light and air.” Is China the new global champion of free-trade? Xi’s words of warning were directed at the new American President Donald…
Page 1 of 36123Next ›Last »