Republicans in the U.S. Congress reached an 11th hour compromise with President Obama about the fiscal year 2011 budget, narrowly avoiding the machinery of gove

Bail out the euro so Europeans can keep buying stuff? Lock up mineral rights around the world? Spend it on imports? Sock it away under a mattress — or in U.S.

China’s Premier Wen Jiabao’s report in this year’s 12th Five-Year Plan included the main areas for future reform but it was his comment on reform and how it

The question of how to promote the reform has once again become a hot topic among government officials and ordinary people. Today, we must re-examine the term t

The 12th Five Year Plan has rightly focused on transformation of China’s mode of economic development as top priority in the years ahead. However, without further reform of the economic system and government dependence on particular industries and interest groups, it will be very difficult to swing the focus to innovation and insure the long run of sustainable economic development.

China's government wants to fight inflation and redistribute income, giving households a bigger slice of the pie. Higher interest rates would achieve both.

There has been a lot written in the past 24 hours about China's still-born "Jasmine Revolution," and I agree with those commentators who feel the chances of

A static watch gives the right time twice a day. But it is of no use for the rest of the time. This fact is worth keeping in mind when looking at China's ec

The concept of power status is often used to emphasize the relative distribution of national capabilities across single countries. Under the anarchical internat