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A great deal of maturation still awaits China. We can't forget that it has only been really open to the world for 30 years under Communist rule. The country's basic tools of international affairs - like a robust national-security apparatus - are still under construction. And they have not...
Those reasons extend beyond an overstimulated domestic economy. The geopolitics of the move are also pressing for Beijing. Though exports collapsed last year as the world plunged into recession - China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over...
As both Geithner and Wang Qishan well understand, there are other compelling reasons for the RMB to rise. A revaluation will help China rebalance its economy by increasing the attractiveness of imports from everywhere; both developing nations like Vietnam and Thailand, whose own industrial development has been stunted by an...
Yet, as the rescue efforts drag on, journalists at the scene of the Shanxi mine have reported difficulty speaking with family members or obtaining up-to-date numbers of the total number of fatalities. Twelve miners have been confirmed dead, and another 26 are missing, the state-run Xinhua news...
Andrew Bieniawski was in bed when the earthquake struck. On Feb. 26, Bieniawski, the assistant deputy administrator for the U.S. National Nuclear Security Administration (NNSA), had arrived in Santiago, Chile, to join a group of scientists and nuclear engineers on a top-secret mission to remove a potential nuclear bomb...