The danger in China's off-balance sheet shell game is that a good percentage of the original loans have been made to companies with oodles of political clout but absolutely no chance of every repaying the loan.
newyorker.com | Evan Osnos | Posted 12.10.2009 | World
China in 2009 was the land we all hoped it would be: the enemy, the friend, the brilliant tactician, the bumbling oaf. China is such a mix of strength...
Peter Bosshard | Posted 12.09.2009 | World
China offers foreign aid with no political strings attached. The only exception is that recipient governments must accept the One-China policy, i.e. may not recognize Taiwan. "Business is business."
Arthur Rosenfeld | Posted 12.02.2009 | World
Chinese people see our standard of living and are willing to work for less to get what we have. Long term this process can't continue, because cheap manufacturing requires simple living.
AP | Posted 11.30.2009 | Business
GENEVA — China rejected Monday the charge that it was keeping the yuan artificially low against the dollar, but rather blamed another "major economy...
Joseph Meuse | Posted 11.27.2009 | World
America and China represent two economies that have become so intertwined that neither can extricate itself without considerable harm. We must act as a partner; we must take responsibility.
Robert F. Kennedy Jr. | Posted 11.19.2009 | Green
America will not win the arms race of the 21st century with rockets, but with robust investment in and support of U.S.-based green technology. While Congress dawdles, China is clobbering us.
Global Post | Posted 11.17.2009 | World
TAIPEI, Taiwan -- Hourly wages below a dollar. Firings with no notice. Indifferent bosses. Labor brokers that leech away months of a worker's hard-ear...
Damien Hoffman | Posted 11.16.2009 | Business
An entire generation has been conditioned to believe economics is the fundamental nature of reality. If the Chinese government pulls a Lehman, the next chapter of history will be messy.
Mark Weisbrot | Posted 11.17.2009 | World
Deficit hawks and other fear-mongers in the U.S. have used the Chinese accumulation of U.S. debt as another weapon to try and persuade people that we must sacrifice growth and employment during a deep recession.
TIME | John Lee | Posted 11.11.2009 | Business
China has big economic plans and ambitions in Africa that go beyond oil and minerals. While much of the world still views Africa as a basket-case cont...
Jeffrey Sachs | Posted 11.11.2009 | Business
The past week brought news of US double-digit unemployment and the Federal Reserve's decision to maintain near-zero interest rates. Both pieces of new...
politico.com | EAMON JAVERS | | Posted 11.10.2009 | World
The conventional wisdom in Washington and in most of the rest of the world is that the roaring Chinese economy is going to pull the global economy out...
Michael T. Klare | Posted 10.26.2009 | Politics
In November 2008, the National Intelligence Council, an affiliate of the Central Intelligence Agency, has predicted that America's global preeminence would gradually disappear over the next 15 years.
Diane Francis | Posted 10.21.2009 | Business
Commodities, the Canadian dollar and Toronto Stock Exchange are headed onward and upward despite the world economy appearing to be only halfway through this Great Recession.
Dean Baker | Posted 10.19.2009 | Business
The decision by China to stop buying U.S. government debt may not harm the economy's recovery, but it could be devastating to the recovery efforts at Citigroup.
Bloomberg | James Tyson and Michael McKee | Posted 11.29.2009 | Business
Former Federal Reserve chairman Paul Volcker said the rise of China and other emerging economies has underscored a decline in the comparative economic...
Craig "Meathead" Goldwyn | Posted 11.28.2009 | Chicago
Let's show the world what Chicago culture is all about with some new events: Relay races with plain white envelope hand-offs. Blame volleyball. Synchronized aldermen.
Blythe McGarvie | Posted 11.16.2009 | World
Lately, I've been reflecting about my first visit to EPCOT at Disney World. Many of the countries exhibit their natural beauty. The U.S. highlights technology and its prowess in military victories.
Joseph Meuse | Posted 11.08.2009 | World
While we don't yet realize it in this country, America is in an economic war with China. We have been in this economic battle for years, and are much closer to losing than we realize.
AP | WILLIAM FOREMAN | Posted 10.16.2009 | World
XINTANG, China — During the first half of this year, Yang Zongfu's blue jean factory had few customers. Now, as his business picks up, he can't ...
Edwin D. Hill | Posted 09.21.2009 | Politics
Manufacturing is moving into a new, energy-efficient stage, but it's in danger of leaving out the American worker altogether without an aggressive approach in Washington to encourage its domestic growth.
Dan Dorfman | Posted 09.19.2009 | Business
Are we getting an economic snow job from the Orient?
James M. Gentile | Posted 09.18.2009 | Politics
If the future of our nation is not continually renewed by young Americans well supported in their advanced scientific research, we likely will have a very dim future indeed.
Ellen Brown | Posted 09.17.2009 | World
To the extent that China's stimulus plan is working better than in the U.S. and the U.K., this seems to be because the government is using the banks for public ends, rather than allowing the banks to use the government for private ends.
James Jubak | Posted 12.24.2009 | Business