Global News Journal

Hu hiccup gives vent to China power speculation

December 19, 2008

By Benjamin Kang Lim and Simon Rabinovitch

When Chinese President Hu Jintao spoke to the nation this week, an unusual six-second pause may have said more about elite politics in this secretive state than the other 90 minutes of
stolid Communist Party rhetoric. In an address marking 30 years of economic reforms, Hu appeared to lose his place in the middle of a sentence, halting awkwardly for 6.5 seconds — the only such break in his speech and an extremely rare bump for Chinese officials long-practised in flawlessly reading out speeches.

from MacroScope:

Sssh. Don’t say stimulus

December 15, 2008

William Safire, the language maven whose musings on how we use words have graced The New York Times and other newspapers for decades, has discovered something about the current crisis. Not for the first time, politicians are scrambling to avoid using common words that might get too close to the truth.

Shenzhen: Gateway to China’s roaring economy

December 9, 2008

By Nick Macfie

I first arrived in Hong Kong in 1982 and stayed, on and off,  for 14 years. One of the most exciting day trips for tourists to the British colony back in those days was to the border, by clattering, non-air-conditioned train and then a short taxi drive to a vantage point, close to the fancy Fanling Golf Club, where you could look across the paddy fields at the stange goings-on in Communist China.

from Pakistan: Now or Never?:

“Plan C” – Pakistan turns to the IMF.

November 16, 2008

Pakistan has agreed with the International Monetary Fund (IMF) on a $7.6 billion emergency loan to stave off a balance of payments crisis. 

from Africa News blog:

Should developing world have more say in crisis talks?

November 14, 2008

When world leaders meet in Washington to tackle the global financial crisis, Africa will be represented only by South Africa.

“Deja vu all over again” in struggling Hungary?

October 29, 2008


Hungary has negotiated a $25 billion economic rescue package with the IMF, the EU and the World Bank. What else is new? As that non-Hungarian philosopher of gamesmanship Yogi Berra put it, it’s ”like déjà vu all over again”.  

Is Africa run better than before?

October 6, 2008

“People look at headlines from two or three countries and forget there are 55 countries in Africa and in most of them life is normal.”