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| Economy
The economy after the boom: a diagnosisTHE LONG U.S. economic expansion has ended. Whatever the outcome of the current recession, the odds are against a return to the boom conditions of the second half of 1990s. It may indeed be difficult over the medium run to avoid stagnation/slow growth, or even worse. -> read article... |
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| China
Intensified contradictions and people’s resistancePremier Zhu Rongji’s Government Work Report, delivered to the People’s Congress this year revealed acute problems in the Chinese society and economy. -> read article... |
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| China
Rebellion in the rust beltThe Peoples Republic of China (PRC) has joined the WTO (World Trade Organization), not without difficulty and after 15 years of determined effort by a regime which is described as post-Maoist but which is in fact anti-Maoist in its social and economic logic. The next congress of the CCP will be held in the autumn. It is supposed to draw a balance sheet of the Deng Xiaoping years and organize the succession, or the appearance of succession, to the direct heirs of Deng around Jiang Zemin. -> read article... |