Sweeping economic reform initiated by China President Xi Jinping in November 2013 marked a turning point for the world's second biggest economy. If implemented fully, China's potential GDP growth can be sustained at 6 percent through 2020. One risk: Falling short of that growth rate could result in growth at half that projection, or worse, leading to a new economic crisis, according to a new study.
Global News Journal
from Africa News blog:
By Isaac Esipisu
Given that China is South Africa’s biggest trading partner and given the close relationship between Beijing and the ruling African National Congress, it didn’t come as a huge surprise that South Africa was in no hurry to issue a visa to the Dalai Lama.
from The Great Debate:
By Ian Bremmer
The views expressed are his own.
All eyes should be peeled on China, but not for the reason you think. While the biggest structural risk right now is global rebalancing, especially between China and the U.S., there is another important threat from China: cyberwars. Cyberattacks are one of the biggest fat tails (along with climate and North Korea).
from Afghan Journal:
First, China helped develop Pakistan's Gwadar port from scratch on the Baluchistan coast to take the pressure off the country's main port of Karachi, a few hundred miles to the east. Now Pakistan's defence minister has said that it would like its long-time ally to build a naval base at Gwadar, which sits on the doorstep of Gulf shipping lanes, less than 200 kms from the mouth of the Straits of Hormuz.
from Tales from the Trail:
The latest chapter in the long story of panda diplomacy was written at Washington's National Zoo, where the Chinese government agreed to lengthen the "loan" of popular panda pair Mei Xiang and Tian Tian for another five years. Actually, the loan is conditioned on whether they produce a new heir or heiress to the cuteness of panda-dom in the next two years; one or both could be exchanged for more fecund substitutes.
from Pakistan: Now or Never?:
Just over a year ago, President Barack Obama suggested during a visit to Beijing that China and the United States could cooperate on bringing stability to Afghanistan and Pakistan. As I wrote at the time, China — Islamabad’s most loyal partner — was an obvious country to turn to for help in working out how to deal with Pakistan. Its economy would be the first to gain from greater regional stability which opened up trade routes and improved its access to energy supplies. And it also shared some of Washington’s concerns about Islamist militancy, particularly if this were to spread unrest in its Muslim Xinjiang region.
It’s the season to be merry – and to make forecasts about next year. Across the finance industry fine minds spend December crafting outlooks and extrapolations about how the world will fare, in the hope of a decent return over the next 12 months and avoiding the bear traps that will swallow an investment. The banks, strategic advisories and political risk consultants trumpet their analytical prowess, of course, but are also meeting a natural human need to peer into the future. We all want guidance to take the sting out of living in an uncertain world.
from Reuters Investigates:
Wal-Mart, the world's largest retailer, now has 189 stories in China, according to its website. Soon it will have many more. The U.S. chain has announced plans to open a series of "compact hypermarkets", using a bare-bones model developed in Latin America, the Financial Times said.