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NOTHING IS PERMANENT EXCEPT CHANGE

OTHER NEWS

What is at stake in the emerging contest between Washington and Beijing is nothing less than the future prosperity and security of free societies—in Asia and around the world. American and other Western observers often cast the China challenge in primarily material terms, as an inevitable byproduct of the country’s growing wealth and power. The […]

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In the past, the Chinese government looked to real estate to stimulate growth. But now, Beijing is trying to stop the risks of high housing prices from spilling over into the rest of the economy. That leaves authorities with the option of infrastructure spending, which will add even more debt to an already leveraged system.

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