The scale of all sorts of debt in the US, including federal government debt, corporate debt, household debt, and private debt is nearing an all-time high. Evidence suggests a new debt crisis is mounting.

“The world is entering a post-America era,” says He Yafei. With BRICS changing the global governance landscape, He Yafei delves into this new concept and explains the characteristics of such an era.

Going forward, as Brazil, Russia, India, China and South Africa set forth a broad and compelling vision for the next ten years, that vision must be informed by the principles, purposes, associations and ambitions that guided them through their first decade of collaboration and partnership.

Chinese President Xi Jinping told an international summit on Tuesday that although the global economy had improved, risk factors had also increased.Addressing t

Financial markets today are thriving. The Dow Jones industrial average, the S&P 500, and the Nasdaq composite index have all reached record highs lately, with emerging-economy financial markets also performing strongly. But digital currencies could further destabilize an already-tenuous leverage- and liquidity-based system.

If China is to assert itself more in its region and further afield, will it undermine, or even replace the U.S.-led world order?

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.

The Association of Southeast Asian Nations (ASEAN), which marks its 50th anniversary this month, comprises the world’s seventh-largest economy, on track to become the fourth largest by 2050. ASEAN’s approach may turn out to be the way of the future, enabling other fractious regions to develop sturdy bonds of cooperation.

Enduring wage disparities and outdated and imbalanced tax structures are seen as contributors to growing inequality, where neither the U.S. nor China are immune. Business, government and civil society leaders must come together to ensure the quality of education is improved to meet the demands of a technology-driven knowledge economy.

At a time when Beijing seems inclined to turn inward economically, emphasizing state control and punishing foreign investors, American firms should point out the obvious economic benefits of attracting outside capital. American and other foreign firms could create some of the jobs necessary to employ Chinese workers who have come to expect a better life—and are likely to protest if that future does not materialize.