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Critics May Rage But They Are Powerless to Stop Major EU-China Investment Deal, Author Says


Critics May Rage But They Are Powerless to Stop Major EU-China Investment Deal, Author Says
Sputnik International
https://sputniknews.com/asia/202103131082327910-critics-may-rage-but-they-are-powerless-to-stop-major-eu-china-investment-deal-author-says/
European and American critics are continuing attempts to exert pressure on Brussels in a bid to refurbish or even hinder the EU-China investment deal. Beijing-based commentator and author Thomas Weir Pauken II explains what s behind the People s Republic s confidence amid simmering tensions over the agreement.
In response to mounting criticism from human rights groups and trade unions, Brussels is poised to reveal the details of its much discussed Comprehensive Agreement on Investment (CAI) with China ahead of the ratification of the treaty by the European Parliament, according to the Financial Times. ....

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China Annual Meeting Of Parliament Explainer; What Is The Agenda Of The Meeting? Indian Army Stress And Economic Development | आज से शुरू हो रही चीन की संसद की सालाना बैठक में उठेगा भारत का मुद्दा, 5 हजार से ज्यादा प्रतिनिधि जुटेंगे

China Annual Meeting Of Parliament Explainer; What Is The Agenda Of The Meeting? Indian Army Stress And Economic Development | आज से शुरू हो रही चीन की संसद की सालाना बैठक में उठेगा भारत का मुद्दा, 5 हजार से ज्यादा प्रतिनिधि जुटेंगे
bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.

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China Needs More Economic Freedom—Not a Bigger Welfare State


China has not been spared heavy criticism about its growth mode since it joined the World Trade Organization (WTO) in 2001. Leading the choir of discontent, the International Monetary Fund (IMF) claimed that “high savings are at the heart of China’s external and internal imbalances.” Other mainstream pundits also believe that China’s mercantilist policy was the main contributor to a global savings glut that depressed international interest rates and inflated asset bubbles all over the world, including in the US. This convenient shift of blame for the root cause of the Great Recession is actually misleading. China has indeed piled up large current account surpluses and international forex (foreign exchange) reserves, but they were not financed with a transfer of real savings from the rest of the world. It was the lax monetary policy of the Fed and other major central banks that financed the purchase of Chinese goods, drove down interest rates to record-low levels, and fuele ....

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