Authored by Doug Bandow via The National Interest,
Three decades ago the People’s Republic of China was an economic backwater. Today the PRC sports the world’s second-largest economy. Shanghai most dramatically illustrates the country’s transformation. The city is filled with stylish office buildings, five-star hotels, luxury stores and foreign visitors.
Authored by Federico Pieraccini via The Stratgic Culture Foundation,
Authored by Wayne Madsen via The Strategic Culture Foundation,
Is China's push to deleverage its financial system over?
"Whatever it takes."
Saudi Energy Minister Khalid al-Falih and Russia's Energy Minister Alexander Novak
That's what Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak said in a statement overnight in Beijing they would do to reduce the global oil inventory overhang, using the immortal phrase coined by ECB's Mario Draghi five years ago in his successful bid to defend the euro. For OPEC, however, "whatever it takes" may not be enough.