China faces numerous trials along its path to become a major power. It is crucial for China’s development to choose a proper path forward while celebrating the centennial of the People’s Republic of China.
Awaiting confirmation to head the Energy Department, Ernest J. Moniz must balance the desire to develop and extract new sources of energy with the need to cut greenhouse gas emissions and minimize environmental damage. Elizabeth Muller explains the new energy secretary will have the duty of guiding emerging economies like China through the crucial switch from coal to natural gas.
These days China is in the center of any conversation about sustainable development and environmental degradation, writes Tom Watkins. The country has much work to do in order to balance economic growth with environmental sustainability.
"Winner Take All" author Dambisa Moyo argues that China's way of doing business with the developing world is often more popular with locals than that of the US. Shal also talks about the economic and political contest between American and China will determine the developing world's future. The Daily Show [...]
Increasing pessimism about the Chinese economic outlook is emerging owing to the euro-zone debt crisis and gloomy recovery in the United States. Justin Yifu Lin, former Vice President of the World Bank, predicted that China can maintain 8-percent annual economic growth for the next two decades at a conference recently held in Beijing.
China National Offshore Oil Corporation (CNOOC) this week offered to buy Canada’s Nexen, Inc., for $15 billion. Nexen’s board is recommending the bid to shareholders. If completed, this would be the single largest acquisition that Chinese companies have made in the outward investment splurge that started in 2005. It raises a series of issues for [...]
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