Word: beijingers
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The Chinese economy historically outpaces India's by just about every measure. China's fast-acting government implements new policies with blinding speed, making India's fractured political system appear sluggish and chaotic. Beijing's shiny new airport and wide freeways are models of modern development, contrasting sharply with the...
India's edge is due to the different stimulus programs adopted by the two countries to support growth during the downturn. China implemented what Walker calls "the biggest stimulus program in global history." On top of government outlays for new infrastructure and tax breaks, Beijing most significantly counted on massive...
But now China is facing the consequences of its largesse. Fears are rising that Beijing's easy-money policies have fueled a potential property-price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18...
But where Russia had previously taken the lead in blocking sanctions efforts, that role has now fallen to China, which has a rapidly growing stake in Iran's energy sector. Beijing believes that while Iran must be brought into compliance with the international nonproliferation regime, its nuclear program does not...
Beijing has bluntly opposed any effort to introduce new punitive measures against Iran, and last weekend China's Deputy Foreign Minister snubbed his counterparts from the U.S., Britain, France, Russia and Germany and sent only a low-level official to a meeting called to discuss new efforts to pressure Tehran...