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As much as I shy away from granular economic policy debate, this piece on VOX is just too important to miss. Anyone interested in policy, economics, or both needs to read this piece by Olivier Blanchard, the Chief Economist of the IMF.
"The new budget report that the ongoing session of the 11th National People's Congress (NPC) reviews will be a milestone on the country's path of substantially improving people's living standards. "
"Commentator Michael Anti says his Facebook account has been suspended while Mark Zuckerberg's puppy is allowed a page"
"China's Communist government's censorship rules — and behind-the-scenes moves long suspected by U.S. executives to help local companies edge out foreign ones — are major obstacles."
"The World Trade Organization on Friday will issue a preliminary report concluding that China has no legal right to impose export restrictions on nine raw materials, say trade diplomats and lawyers familiar with the case."
Will a Middle Eastern oil disruption crush the economy? New research suggests the answer is no -- and that a major tenet of American foreign policy may be fundamentally wrong.
An informative overview of the structure of and trends in the Chinese IPR courts.
Sputnikonomics, Obama and the effort to return America to global leadership.
"Summary:
Despite upbeat headlines about Basel III, the stability of the financial system will depend not on such high-profile agreements but on decisions taken once the spotlight is turned off."
Why such things as mid-air refueling systems and Aden Bay China armed escort are a commonplace for armies in developed countries, but it is the "first times" for the People's Liberation Army (PLA) in China; why PLA troops had to take trains for multi-national anti-terror drills "Peace Mission 2010" in Kazakhstan under the framework of the Shanghai Cooperation Organization (SCO); why Chinese troops enter natural disasters areas on foot to partake in the earthquake relief work...
China has good reason to tighten monetary policy. The economy is overheating, with its gross domestic product growing at an alarmingly high annualized rate of 9.8 percent in the fourth quarter. Domestic demand remains prodigious and economic activity remains very strong.
The eleven key items we choose as “things to watch” in 2011 are signposts to guide readers. We readily acknowledge China’s complexity and recognize that a multitude of other events will also define 2011 in China and look forward to maintaining a strong flow of detailed, interesting, and anticipatory research and analysis.
"In President Obama's recent State of the Union Address, he made the assertion that "this is our generation's Sputnik moment." Therefore, we need "to reach a level of research and development we haven't seen since the height of the Space Race." By doing so, "we will strengthen our security, protect our planet, and create countless new jobs for our people." I ask myself: Is the idea of a "Sputnik moment" a timely one? "
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