In defence of China

14th May 2014 Socialist Action 0

The following article by Jude Woodward, examining the new cold war the USA is whipping up against China, originally appeared on her New Cold War blog.

The United States has launched a confrontation with China that it is attempting to project as of Cold War dimensions. Its clear aim is to isolate China diplomatically and politically, threaten it militarily, force it to divert investment from the productive economy to military spending, exclude it from world markets and label it a ‘pariah’ state.

In defence of China

2nd May 2014 shoreditchadmin2 0

The United States has launched a confrontation with China that it is attempting to project as of Cold War dimensions. Its clear aim is to isolate China diplomatically and politically, threaten it militarily, force it to divert investment from the productive economy to military spending, exclude it from world markets and label it a ‘pariah’ state.

United States steps up provocations in East China Sea

28th November 2013 Socialist Action 0

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.

China’s contribution to the net reduction in poverty is equal to 100% of the world’s total

26th November 2013 Socialist Action 0

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.

© 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.

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.