May 072011
 

Delivered with my New York Times on May 6, what is labeled the “Seattle Inaugural Issue” of China Daily, self-described as “the national English-language newspaper of the People’s Republic of China.” The paper runs 20 pages and is relatively unremarkable, with a couple of exceptions. First, there are almost no [continue reading . . . ]






Apr 222011
 
Dead end for the dollar?

Is the dollar’s long run as the global reserve currency coming to an end? It is if the Chinese have anything to say about it. China owns the globe’s largest store of dollar-denominated assets outside the U.S. Understandably, it wants to diversify. The world needs an “international reserve currency that [continue reading . . . ]






Apr 072011
 

China’s one-child policy portends a shrinking work force, yet China will grow old before it grows rich. Here’s the relevant material from today’s New York Times: China’s rise has depended partly on a huge spurt in the number of workers as a percentage of the population. This surge has created a cheap, [continue reading . . . ]