Word: beijingers
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China's leaders are using the financial crisis as an opportunity to consolidate gains already made in the country's global competitiveness while laying a foundation for even greater progress in the future - and for the international power that economic prowess can bring. Nationalist voices in the media are already...
Inevitably, some critics complain that Beijing has released few details of where the money will go and that some of the funding is not new: the package, for example, includes $147 billion for reconstruction in areas of Sichuan province that were devastated by a 2008 earthquake, money that would have...
China, of course, has certain advantages when it comes to managing shifting economic winds. There's no peskily powerful Congress to worry about, for one thing; what the Chinese government wants in the way of policy, it gets. Christopher Wood, chief Asia strategist for the brokerage and investment firm CLSA...
While the stimulus package has risks, it also affords China a chance to rebalance the country's growing wealth. One by-product of China's prolonged expansion is that coastal regions - marked by boomtowns such as Shanghai, Guangzhou, Xiamen and Tianjin as well as their hinterlands - have grown much faster...
Shen says government infrastructure projects have already created 20,000 jobs in Chongqing this year, mostly in construction. He outlines development plans that could pass for a battle strategy, with lines of attack - in this case, faster rail lines - spreading from Chongqing across the country. In response to the economic...