China

Pakistan’s Costly Plunge into China Debt

Wherever China’s One Belt, One Road initiative goes, it appears that the Chinese lenders including the Bank of China – the government’s flagship bank – aren’t far behind, and that Beijing is using the financial...

China Fakes Inundate UK, OECD Says

Counterfeit goods, primarily pouring in from China and Hong Kong, are “not only becoming a significant threat to the engine of economic growth, but also undermining good governance, the rule of law and citizens...

Reviving a Once-Raffish Shanghai Theme Park

Gangsters and secret society members once roamed the tiled corridors of Shanghai’s Great World, rubbing shoulders with European businessmen, prostitutes, fortune-tellers, magicians and gamblers. The indoor t...

China’s OBOR Vision: No Development Masterpiece

The 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...

Zheng He’s Modern Doppelganger

There 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 b...

Xi Jinping’s Massive Urban Monument to Himself

In 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 ...

China’s Coming Debt Crisis

The 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....

Historic Climate Pact Endangered

US 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 pe...

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

Donald 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...