Many see China’s economic espionage as state directed. Actually, marketization of its defense and high-tech industries means there are plenty of freelancers.
The cooling of China’s real estate sector is good for the economy. But the government is right to be worried about the social consequences of the bubble bursting.
China can’t be expected to lead a rescue of Europe’s teetering economy. But as the risk of pain in Asia grows, some kind of concerted effort is looking essential.
If Barack Obama wants to ensure opportunities, jobs and a safer world for the United States then there’s nothing more important than his trade mission to Asia.
Occupy Wall Street protesters aren’t the only ones taking to the street over claims of corporate greed. In Bangladesh, angry investors say they’ve also been cheated by the banks.
With the Chinese government tightening credit, the massive leakage from the formal banking sector into the ‘shadow system’ ultimately risks sinking the country’s financial system.
Japanese Prime Minister Yoshihiko Noda has a chance to rescue Japan’s economy with a key free trade agreement. Failure to seize it could result in terminal decline.