China turned to a tried-and-true recipe to cook up another three months of respectable growth.Heavy lending by state-owned banks, brisk government spending and

The US economy has had a shining performance in the second quarter of this year. How long can it last without real policy reform?

Over the last decade, China has been working to shift from a manufacturing-led growth model fueled by low-cost labor to an innovation-led, higher-value-added model underpinned by strong productivity gains. Currently, though China is the world’s most populous country and its second-largest economy, and the country’s urbanization rate remains well below the global average.

Trump’s proposed corporate tax cuts are undercutting China. China should respond in kind.

The Post-America Era has arrived, but what does it mean? How will globalization, global governance, and the international balance of power be affected? Leading nations will emerge as America regresses, but the potential for peace and prosperity for all are at hand.

Since the start of 2017, China’s economy has shown a stable recovery supported by the better-than-expected exports, high industrial reserves, and a hot property market. Even with financing difficulties and rising costs, it appears that China’s economy will continue to stabilize with improvement through the latter half of the year.

China’s transformation into a knowledge-based economy occupying a central position in the global value chain will ultimately yield a “reform dividend.” But as exciting as that transformation will be, it will also be dangerous. Never before has an economy so large undergone such far-reaching change so quickly

After decelerating for six consecutive years, China real GDP growth appears to be inching up in 2017. The 6.9% annualized increase just reported for the second quarter exceeds the 6.7% rise in 2016 and is well above the consensus of international forecasters who, just a few months ago, expected growth to be closer to 6.5% this year, and to slow further, to 6%, in 2018.

In an ideal world, China’s government could respond by stimulating household consumption. But, in the absence of further reforms in areas like social security, growth in consumer spending is bound to be slow.

Despite all the predictions of doom by Western pundits in 1997, Hong Kong has done well since its reversion of sovereignty to China twenty years ago.