Page 7 - Logan Wright News Today

Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. T...

BEIJING--Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020.

Some fear Japan-style stagnation, others see a more severe crunch

Lester Wright passed away. This is the full obituary where you can share condolences and memories. Published in the The Meadville Tribune on 2023-09-04.

If China once seemed on an inevitable path to overtaking a declining America as the world’s leading economic power, that’s no longer the case. The calculations in Washington and beyond are increasingly about how to deal with a China that, even if it is not yet in absolute decline, may well be approaching a peak in power.

Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. T...

Bringing Taiwan to the World and the World to Taiwan

Chinas economic slowdown is leading US and other Group of Seven nations to see evidence of deep-seated structural problems that will strengthen the Wests hand against a weakening geopolitical competitor.

The calculations in Washington and beyond are increasingly about how to deal with a China that, even if it is not yet in absolute decline, may well be approaching a peak in power.

A growing crisis in China’s “shadow banking” sector is threatening further damage to an economy reeling from multiple problems, even as a new report questions the ability of the government in Beijing to come to the rescue via fiscal stimulus. On Wednesday, Bloomberg News reported that Chinese authorities have enlisted the Citic Trust Co., a…