China has a serious problem, bigger than the slowdown in manufacturing growth or the housing-price bubble. It’s water, and it’s a catastrophe that could affect the rest of Asia and the larger world.
In testimony to the U.S. Senate last week, the Council on Foreign Relations’ Asia director Elizabeth Economy said China is facing a [...]
Recently, it seems no developing country is safe from sudden, unexpected protests. In Brazil and Turkey, empowered middle classes pushed back against perceived governmental injustice; protests erupted, and leaders’ approval ratings dropped precipitously. In Egypt, the economic picture was as ugly as the political one, and the military’s ouster of President Mursi has fomented [...]
Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global greenhouse gas emissions.
Often focused on century-long trends, most climate models failed to predict that the temperature rise would slow, starting around 2000. Scientists are now intent on figuring out [...]
Cracks are showing in Russia’s leadership as a slowdown in the economy is beginning to cause rifts at the heart of the government, with one academic telling CNBC on Thursday that the economy poses the biggest threat to the country’s leadership.
Richard Edgar Pipes, professor of Russian History at Harvard University, [...]
For years, the conventional wisdom about China’s GDP was this: if the country didn’t meet its target of 8 percent annualized growth, political instability would result. The reasoning behind this wisdom is pretty simple: the Chinese Communist Party, having long ago forfeited its ideological legitimacy, depends solely on providing economic growth in order to stay [...]
Heightened political tensions have overtaken the eurozone debt crisis and US fiscal shock as the biggest threats to the developing economies in Asia,according the Asian Development Bank (ADB).
While “austerity fatigue” in the euro area and “unresolved fiscal drag” in the US remain significant risks to developing Asian economies, escalating border disputes in the region [...]
The PRC’s high-profile, unyielding position on the Senkakus seems to reflect something other than reflexive nationalism, political weakness, or the blunderings of a disoriented and incapable elite. It appears that the Beijing leadership may have decided to edge beyond using the Senkaku dispute as a mere demonstration of its economic countermeasures to the US pivot [...]
THE NEW AND OLD ECONOMIC ORDER
In the decade to come, the United States, Europe, and Japan are likely to grow slowly. Their sluggishness, however, will look less worrisome compared with the even bigger story in the global economy, which will be the three to four percent slowdown in China, which is already under way, [...]
A collapse of property schemes, commodity schemes, and other investments schemes in China is well underway. …
Well, the pool of greater fools finally ran out, and Shadow Bankers Vanished Leaving China Victims Seeing Scams
China’s slowest economic growth in three years and a slumping property market, where many so-called shadow-banking investments [...]
Are we obsessing about its rise when we should be worried about its fall?
For the last 40 years, Americans have lagged in recognizing the declining fortunes of their foreign rivals. In the 1970s they thought the Soviet Union was 10 feet tall — ascendant even though corruption and inefficiency were destroying the vital organs [...]