Xi Jinping’s quest to rewrite the playbook that drove China’s economic miracle for a generation is facing its sternest test yet. The $18 trillion economy is decelerating, consumers are downbeat, exports are struggling, prices are falling and more than one in five young people are out of work. Country Garden Holdings Co., with 3,000 pending … Read more
Western foreign-policy wonks increasingly think of Russia as the storm, China as climate change — the slower but greater danger to the democratic world. So it makes sense for the US and its allies to “de-risk” their economic ties to the Middle Kingdom, avoiding dependencies and mitigating vulnerabilities. But nothing warrants the anti-Beijing hysteria that’s … Read more
Brazil’s Luiz Inacio Lula da Silva called on BRICS nations to come up with an alternative to replace the dollar in foreign trade, supporting China’s crusade against US global dominance just as he prepares to meet with President Xi Jinping in Beijing. Lula’s remarks were made on Thursday during a visit to the Shanghai-based New … Read more