Maybe We’re Not So Dependent on China
Central bankers are always secretive about what they do with their reserves, and China’s are no different. They’ve been hinting for years that they were tired of the risks associated with having too much of their hard-earned cash sitting in…
Kissinger’s Skilled Eye on China, Then and Now
Nearing age 90 now, Henry Kissinger has set down in a new book his extraordinary challenge four decades ago, when he brought together Mao Tse-tung, the giant of the peasant revolution, with the dedicated anti-Communist,Richard M. Nixon. On China (Penguin…
Here Comes the Chinese Spring
Social unrest is erupting in China—again. Simmering protests that began in two industrial cities several weeks ago have spread and intensified over the past few days, prompting yet more vigorous displays of force on the part of local governments and…
Made in America: Manufacturing Jobs Are Coming Home
The tale of American manufacturing has long been one of woeful decline. Just about a year ago, China replaced the U.S. as the world’s No. 1 maker of things, and that seemed a sure sign that the glory days had…
China May Not Place Its Big Bets on America
Right now we should begin to worry about one of the following: 1. A flood of Chinese money is coming and Americans will react rather badly, as they did when big Japanese investments arrived in the U.S. 20 years ago. 2. A…
Is What’s Good for GM, Good for China?
General Motors announced months ago that “China is the future.” it is gearing up for a big push into the low end of the Chinese market, making stripped-down cars and minivans that it hopes will double sales in China to 5…
Chinese Democracy-Catching a Moving Target
Few Americans notice these kinds of things, but this week the Chinese marked—we cannot say celebrated—the 92nd anniversary of the May 4th Movement, the groundswell of democratic agitation that began on that date in 1919. May 4 was also a…
The Next China: A Powerful Consumer Society
It looks like China finally is about to take a great leap forward. Beijing at last recognizes that an overheating economy is threatening to spin out of control and that it has a serious inflation fight on its hands. And…
Developing Countries Plan to Challenge U.S. Dollar
New eras do not announce themselves with billboards or welcoming brochures. They arrive by way of many disparate events. Last week we witnessed one: the gathering in southern China of leaders from the world’s most dynamic emerging economies –the nations we now…
The Pacific Century: Can the U.S. Compete?
Remember those astonishing test scores that came out late last year — the ones that measured science, reading and arithmetic proficiency according to an international standard that included China for the first time? Not even the Chinese could quite believe…
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