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...sharp economic contraction in China, such as the one the mainland experienced in the early 1990s, would cause severe withdrawal pangs in economies such as Japan and Taiwan, and could even plunge them into recession. But that fate would not be shared evenly or universally throughout Asia, economists note. Despite the euphoria about China as the Next Big Thing, many observers are quick to downplay the notion that Asia is as dependent on China (yet) as the conventional wisdom held even a few months ago. The mainland is still not nearly as key to the region as a whole...
...Proponents of the soft-landing scenario note that Beijing has made great progress in modernizing its economy since 1994, increasing the country's resilience. China is now a member of the World Trade Organization, has more-diverse industries and markets, a more flexible industrial base and a better-trained workforce. Although the country's official growth target of 7% is thought to be difficult to achieve, the median prediction among economists tracked by Bloomberg holds that China's GDP growth will slow to 8.7% this year...
...profile of George W. Bush, Andrew Sullivan said the President is an unassuming man who became a "radical gambler." But as the death toll in Iraq grows ever higher, please note: Bush is gambling with other people's lives. Victory Van Dyck Chase Princeton...
...profile of George W. Bush, Andrew Sullivan said the President is an unassuming man who became a "radical gambler." But as the death toll in Iraq grows ever higher, please note: Bush is gambling with other people's lives. VICTORY VAN DYCK CHASE Princeton...
...disappointed with this decision,” said Steve Pike, a spokesperson at the State Department, which has been trying to secure Yang’s release. “We have repeatedly called on Chinese officials to release him and we will continue to do so. We note that he had been detained without conviction for more than two years, which is against China’s own laws...