China Facing Population Decline Now some Chineese women are allowed to have two children; but very few choose to do so WASHINGTON – It looks totally implausible, but China is facing the real danger of a declining population. Yes, with...
China’s Plans To Improve Air Quality Fall Short Chinese reserachers estimate that official goals will not be met. Air pollution will continue WASHINGTON – After decades of denials, at least the Chinese authorities now recognize that they have a huge environmental...
The End Of China’s Boom China could continue growing if it became an innovation society. But innovation requires freedom WASHINGTON – The China story has changed, quite a bit. Yesterday it was about relentless growth. Today it is...
Fiscal Stimulus Does Not Work –Yet We Keep Applying It Stimulus funds are badly used. Capital is wasted, debt grows, and the economy does not benefit WASHINGTON – “If economic troubles are approaching, put together a big stimulus package”. This is the universally accepted prevention/remedy therapy...
Impossible to Bring Back To the US Old Industries –Focus On New Technologies The US outsourced the entire supply chain on which manufacturers rely. Imnpossible to bring it back to America WASHINGTON – An interesting story in the WSJ focused on how some US companies are looking at the prospect...
China’s Bubble Coming To An End Stimuls led to over capacity. Too many steel mills, while unoccupied buildings indicate that the construction boom is over WASHINGTON – Here is the latest news from China. In the North West, several companies are going bankrupt. Some of...
No Independent Judiciary In China Trials are a formality. The police decide who is guilty, well in advance of any formal judicial indictment WASHINGTON – Western media are covering rather extensively the broad anti-corruption campaign now under way in China. Most recently,...
A Genuine Anti-Corruption Drive In China? The fight against corruption is not conducted in a transparent way. The danger of upsetting an established power system WASHINGTON – The arrest in China of Zhou Yongkang, former head of domestic security and (even in retirement) still a...
The Economy Grows Modestly, While Wall Street Is At An All Time High We have yet another bubble, this time caused by the ill-advised stimulus created by Central Bankers. WASHINGTON – When it comes to US higher and higher stock prices I am struck by something truly odd,...
Historic US-China Deal To Fight Global Warming? A non binding agreement that commits China to do something after 2030 does not amount to much WASHINGTON – President Obama went to Beijing and –surprise, surprise– he pulled a huge rabbit out of a hat in...