So proclaims the provocative headline of commentary from the official Xinhua news agency that spread widely on major Chinese news sites on Thursday (in Chinese) and has since become the subject of much teeth-gnashing on Chinese social media sites.
The essay, which warns that China faces poverty and misery because of the destabilizing activity [...]
Is economics a science or a religion? Its practitioners like to think of it as akin to the former. The blind faith with which many do so suggests it has become too much like the latter, with potentially dire consequences for the real people the discipline is intended to help.
The idea of economics as [...]
If we look at how well Western firms have fared in China once they have gained significant market share, we may detect a worrisome pattern. They face unfair scrutiny from Chinese authorities and are often penalized for the same infractions for which their Chinese competitors suffer no consequences.
The most recent example of this pattern [...]
But perhaps we should be prepared for the pendulum to swing back and start thinking about the possibility of declinism in China. China expert Minxin Pei, for example, argues that China’s rise may have already peaked.
The predominant discourse on China currently focuses on its rise and how increased confidence and capacity urge [...]
This was supposed to be the Asian century, but the Eastern boom is dying of exhaustion
So here’s how it looks. Years of unsustainable, credit-fuelled growth are brought to a halt by a crushing financial crisis which exposes deep structural flaws at the heart of the economy. Rarely has the assumption of ever-rising living standards [...]
No country has aged as quickly as China is aging now, and virtually no poor country has followed a similar trajectory. This makes it very hard to predict what the consequences of China’s aging will be for China and the world. It is clear, however, that when a country’s working population shifts from [...]
Unchecked, Tehran and its ally will emerge more aggressive than ever.
For those who have hoped that the Syrian quagmire might swallow up Iran’s influence in the region, it’s time to wake up: Tehran and its ally Hezbollah are set to emerge from the Syrian conflict more aggressive than ever.
Iran is also [...]
The Iranians will complete their nuclear program unless somebody stops them, says Richard Clarke, former White House counterterror chief. But military intervention could have ‘apocalyptic’ consequences
They’ll have enough material to make many bombs — an arsenal in waiting. And the breakout time could be a matter of weeks after that
“We will not allow the Golan Heights to become a comfortable space for Assad to operate from,” Gantz told a conference at the University of Haifa. “If he escalates (the situation on) the Golan Heights, he will have to bear the consequences.”
Gantz said the situation is extremely combustible, and “a day doesn’t go by” [...]
Syria has put its most advanced missiles on standby with orders to hit Tel Aviv if Israel launches another strike on its territory, The Sunday Times reported overnight Sunday.
According to the British newspaper, reconnaissance satellites have been monitoring preparations by the Syrian army to deploy surface-to-surface Tishreen missiles.
An Israeli official told The New [...]