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The Problems of Excess Chinese Debt

13 December 2017

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things [read more]

Review of The Retreat of Western Liberalism by Edward Luce

23 September 2017

Pub. Little Brown, London 2017 Edward Luce’s previous book, “Time to Start Thinking: America and the Sceptre of Decline” was a timely account of the decline of the American state, this book, appears to be primarily a commentary on the rise of populism, with particular reference to the [read more]

Climate change jeopardises survival of snow leopards

13 September 2017

Receding snowline in Asia’s high mountains, due to global warming and infrastructure developments, poses a major threat to snow leopard as humans encroach on their habitat by Juhi Chaudhary “I love the snow leopard,” says bright-eyed Ganaium, who lives in Tamchy village close to Issyk-kul [read more]

Is China’s Economy Growing as Fast as China’s GDP?

7 September 2017

by Michael Pettis If local governments and state-owned enterprises in China systematically invest in projects that are not economically justified, to the extent that these projects are not correctly marked to market, China’s reported GDP will be overstated by that amount, as will its total wealth [read more]

The uncertain death of king coal

4 August 2017

by Omair Ahmad After three years of declining coal production, China has suddenly seen a rise in both its production and consumption. While analysts debate whether this is a mere blip in an overall declining trend of coal use, the rest of Asia is also caught in the midst of a strange debate where [read more]

Does Cutting Taxes on the Wealthy Lead to Greater Growth?

26 June 2017

Michael Pettis Policies that increase income inequality can in some cases lead to higher savings, higher investment, and greater long-term growth. But, in other cases, such policies either reduce growth and increase unemployment or force up the debt burden. What determines which of these outcomes [read more]
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