By Jane West
The decision of the United States to fly two B-52 bombers unannounced through Chinese strategic airspace was nothing less than a calculated, and extremely dangerous, act of aggression against China, further whipping up tensions in the East China Sea.
The B-52 fly-through was directly aimed at toughening up Japan’s stance vis-a-vis China. Two Japanese airlines that had previously agreed to inform China of flights over the disputed Diaoyu islands withdrew this agreement following the US action.
The following article by John Ross evaluates China’s contribution to the reduction of human poverty. It previously appeared at Socialist Economic Bulletin.
In 2010 Professor Danny Quah, of the London School of Economics, noted: 'In the last 3 decades, China alone has lifted more people out of extreme poverty than the rest of the world combined. Indeed, China’s ($1/day) poverty reduction of 627 million from 1981 to 2005 exceeds the total global economy’s decline in its extremely poor from 1.9 billion to 1.4 billion over the same period.' The aim of this article is to analyse the situation taking data published three years after Quah's analysis; look at the trends not only of extreme poverty, which the World Bank calculates using expenditure of $1.25 a day or less; examine a slightly wider poverty definition ($2 a day expenditure), and compare the trends in other regions of the world economy.
The following article by John Ross analyses the economic policies underpinning the slowdown and then the accelerated growth of China's economy in 2012. Since the article was published on china.org.cn on 1 January, the release of new economic data confirms the article. They show that China's GDP expanded by 7.9 per cent year on year in the fourth quarter of 2012, accelerating from 7.4 per cent in the third quarter, and resulting in 2012 full-year growth of 7.8 per cent.
China's economy in 2012 was "a tale of two halves": In the first six months slowdown, even a feeling of developing crisis; in the second half recovery and accelerating growth. The story therefore had a happy ending. But it is worth noting what went wrong in the first half, and how it was corrected in the second, as this contains lessons for the future.
The following article by John Ross which evaluates the economic projections of the recent Chinese Communist Party congress, appeared in Global Times on 12 November.
The central economic goal outlined in General Secretary of the CPC Central Committee Hu Jintao's report to the 18th National Congress of the CPC is achieving a "moderately prosperous society". This created discussion of whether this goal is realistic and in what time scale.
By Jane West
While US imperialism has turned its attention from Libya to Iran and Syria, it has not taken its eyes off the threat that it sees in China.
By Jane West
It is extremely difficult for those in imperialist countries, although as we shall see not for those in semi-colonial ones, to understand the full importance of the Chinese Revolution – which is, with the Russian Revolution of 1917, the most important event in modern human history.
By Jane West US imperialism is facing a threat to its global economic, and therefore also political, dominance. Even at market exchange rates the latest estimates are that the size of China’s economy will overtake that of the US within ten years. The recent prediction by the IMF that on current trends the size of the Chinese economy, measured in PPP terms, will overtake the US in as little as five years’ time, created international comment
One of the important international economic developments in recent years has been the increasing trade and cooperation of China with Latin America and with Africa – two of the continents most oppressed by imperialism. This has given an important extra room for manoeuvre for these countries in providing an economic alternative to simply trade with the US and other countries. The economic ties of China with Brazil and South Africa, for example, are strongly growing in importance. The following article, which originally appeared in China’s Global Times, makes an assessment of the recent revolutions in the Middle East from this angle. It is also interesting in characterising clearly the hypocrisy of the US and European powers in propping up Arab dictators to the very last minute.
China’s media carries a wide range of different views. A significant part of this is pro-capitalist. It is therefore of interest that Global Times, one of China’s main English language papers, has just carried an interview stating the ‘superiorities of the socialist system’, seeing the international financial crisis as ‘an unprecedented crisis of capitalism’, and concluding that ‘the China path... is not only a brand new one that has never been seen before but also a path that is becoming more and more successful.’ The interview was with Hu Angang, Director of the Center for China Studies of Tsinghua University, Beijing. Extracts from the interview are below and the full interview may be read in Global Times here.
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