China appeared to weather the global economic downturn better than most. But massive local government debt could bring growth to a screeching halt.
China’s remarkable economic rebound after the global economic crisis in 2008-2009 has been a source of envy and puzzlement for the rest of the world. Instead of recession, the Chinese economy has recorded double-digit growth, and is actually showing signs of overheating – a sharp contrast with the stagnation in most Western countries. How did the Chinese do it? Perhaps advocates of ‘Chinese exceptionalism’ are right after all: Beijing has found a secret formula of economic success that has eluded the West.
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Commentaries, Opinions, And Editorials
Taliban sing a false note -- Walid Phares, Asia Times
Afghanistan: Mission Unaccomplished -- Robert Spencer, Human Events
Let’s Not Linger in Afghanistan -- Jeff Merkley and Tom Udall, New York Times
Israel’s palace coup plotters -- Caroline Glick, Jerusalem Post
To stop Syria's carnage. Force issue at United Nations -- Amir Taheri, New York Post
Boat People: Some questions for the "activists" aboard the Gaza flotilla. -- Christopher Hitchens, Slate
Can Gadhafi Outlast NATO? -- Kevin Spak, Newser
Oil and the Iranian-Saudi “Cold War” -- Race for Iran
The two Sudans' interdependence won't end with South's secession -- Alex Thurston, Christian Science Monitor
Yingluck Shinawatra: Thailand's new PM steps out of her brother's shadow -- Tania Branigan, The Guardian
How Greece's Political Elite Ruined the Country -- Spiegel Online
Bank of Moscow exposes Russian regulatory void -- Reuters
What China could learn from the Dalai Lama -- Lobsang Sangay, Washington Post
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