When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have been raising rates. The…
Western economists and intellectuals obsessed with demonization of China are never shy of shortcuts glaringly exposing their ignorance. The latest outburst posits that “we” – as in Western intellectuals – “are the modern version of Mary Shelley’s Frankenstein,” who electro-shocked a dead body (China) into a resurrected “murderous monster.” So, welcome to the Sino-Frankenstein school…
In the US-launched trade war with China, Beijing decided to apply the first real sanctions against American companies caught in selling arms to Taiwan The official representative of the Ministry of Foreign Affairs of China Geng Shuang made an announcement that For the sake of ensuring state interests, China will impose sanctions on American enterprises…
The Trump administration last week cut its fourth and biggest arms sale to Taiwan, sparking a furious condemnation from Beijing that the US was undermining its sovereignty and “grossly interfering in China’s internal affairs”. The weapons deal reportedly worth some $2.2 billion is expected to be given final approval by Congress in the next few…
Chinese Vice President Wang Qishan told the audience at this year’s World Peace Forum that “development is the key to resolving all issues”, remarking in the run-up to his conclusion that “China’s development can’t shut out the rest of the world” and “the world’s development can’t shut out China”. International media interpreted this his remarks…
The signs are mounting steadily now. As the Trump administration weaponizes the dollar in defense of American hegemony, it is prompting many other nations to find alternatives to the U.S. currency as the default medium of exchange. The long-term implications of this swiftly advancing trend, evident among allies as well as those Washington considers adversaries,…
