As America’s anxiety about China grows; Tom Watkins looks forward to a “harmonious” relationship.
Despite prophecies of gloom and doom, China is moving toward rebound – through stimulus lite.
During the G20 Summit in Los Cabos, Mexico, China and several other emerging economies pledged to raise their IMF contributions. This not only marked a major achievement from the meeting, but also demonstrated the growing role of the emerging economies on the world economic stage. It also signified the willingness of the emerging economies to pull Europe and the world as a whole out of the current crisis by enhancing their IMF contributions.
More than one-half of Americans think China is already the world’s leading economy – an astonishing misperception, given that China’s gross domestic product is still less than half of America’s. As George Orwell once observed, “Whoever is winning at the moment will always seem to be invincible.” China has grown at a breakneck pace for [...]
During the BRICS Summit in New Delhi on April 8 2012, the leaders of the five developing countries agreed to “enhance intra-BRICS trade” and agreed on an accord on extending a credit facility in their own currencies. In their joint declaration the BRICS leaders made another important step in cooperation as they stated: “We have [...]
In an exclusive interview, Ambassador J. Stapleton Roy speaks about China’s increasing influence in international institutions and the idea of international structural change. Since the collapse of the Soviet Union, the US is generally perceived as the sole super power nation. This notion has changed as the rise of many developing countries start to participate more actively in international affairs. He envisions China’s role in selecting heads of IMF and the World Bank will increase.
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