In The News

Recent data suggests that China’s economy may have bottomed: crude oil imports are up; steel mills are importing record amounts of iron ore; and the Shanghai Composite index is up over 32 percent year to date. It would appear Beijing’s stimulus program is having an effect. The fact that China remains partially a command economy has allowed the stimulus program to take effect more quickly...

China’s plan to become the world leader in electric cars may not reduce pollution as much as reallocate it. While greenhouse gas emissions would decline by roughly 19 percent, according to a McKinsey study, if electric cars replaced gas-powered ones in China, such emissions would shift from car exhausts to power plants – in other words from the city to the country. But pollution reduction is only...

A book published in China criticizes the country's foreign policies, suggesting the country could do more to shake off western influences, report Fu Qi and Li Huizi for Xinhua News Agency. The five authors of “Unhappy China” argue that "the current financial crisis reflects an overall corruption of the American society” and that stern, even punitive, foreign policies could provide...