China does not let the grass grow under its feet in studying and adapting high-value technology, then mastering and distributing the same. Such is the case with the high-speed rails pioneered by Japanese and European firms, with China now supplying similar technology to Saudi Arabia, the US and...
QINGDAO, China – When the Japanese and European companies that pioneered high-speed rail agreed to build trains for China, they thought they'd be getting access to a booming new market, billions of dollars worth of contracts and the cachet of...
German Chancellor Helmut Kohl's cozy relations with China's leaders are raising some eyebrows in his native land. An annual visitor to China, Kohl has consistently promoted German business interests during his discussions with Beijing. While this may be good for German investors, Kohl...
Germany and China reportedly have a good relationship. An official Chinese publication has recently praised the mutual advantages which it said stems from a “pragmatic“ approach to problems. Others would...
Financial theorists, politicians, and labor groups in the US have recently butted heads over the nature of free trade. Theorists credit skyrocketing amounts of global trade with increased standards of living worldwide, whereas many politicians have decried the loss of jobs overseas due to...
The recent assertion by Greg Mankiw, chairman of the US Council of Economic Advisers, in the president's annual economic report that the outsourcing of jobs abroad is good for the American economy brought predictable...
The US House of Representatives has launched an impeachment inquiry for suspending military aid to Ukraine, which is fighting Russian aggression at its eastern border. US officials report that the Trump administration is also withholding $105 million in military aid for Lebanon, reports Reuters....
China came to the aid of the stricken global economy in 2008 with record stimulus funds. But that stimulus injection encouraged debt and overcapacity in key markets like steel and aluminum, explains Börje Ljunggren, author and former Swedish ambassador to China. The country’s total debt has more...
Caught in steel trap: China's President Xi Jinping, left, and Prime Minister Le Keqiang face challenges of overcapacity and unemployment, top; Chinese workers sit idle on steel wire no longer wanted in export markets
STOCKHOLM: At the height of the...
The London bombings perpetrated by native-born Muslims have forced Europeans to take a serious look at the status of the Continent’s Muslim minority. Suggestions that the Muslim alienation is due to anger in Muslim communities over the Iraq war and the Israeli-Palestinian conflict, do not provide...
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Refusing to acknowledge a health problem can contribute to its spread. Pig farmers in Luzon, the biggest and most populated island of the Philippines, report pigs falling ill with loss of appetite, vomiting and sudden death, reports Ralf Rivas for Rappler. The Department of Agriculture reports that...
A bloodless coup transformed Thailand’s absolute monarchy into a constitutional system in 1932, yet the country does not enjoy full democracy today. Thailand’s elite do not trust citizens with decision-making, and there is a “reinvention of modern-day authoritarianism in the form of a triumvirate...
