© Global Times

China’s economy speeds up

22nd January 2013 Socialist Action 0

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.

Japan turns right

20th December 2012 Socialist Action 0

By Neil Martin

The outcome of the Japanese general election marked a sharp turn to the right in Japanese politics.

The poll delivered an overwhelming victory for the Liberal Democratic Party (LDP) and its junior ally the Komitei, following the failure of the Democratic Party (DPJ) to take steps to revive the economy.

China – Economic projections slightly cautious

19th November 2012 Socialist Action 0

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.

Latin America – China axis of hope

31st August 2012 Socialist Action 0

by Brian Williams

The two most important developments in the world today, from the point of view of the advance of socialism, are in Latin America and China.

In Latin America forces seeking to establish socialism have advanced as part of a turn to the left by almost all of the continent. In Venezuela a direct struggle to establish the second socialist state in  Latin America, after Cuba, is underway. For more than a decade that socialist programme has commanded the support of the majority of Venezuela’s population against the determined opposition of the US and its allies.