china

Map by: Burmesedays

US ratchets up tension on Korean peninsular

6th April 2013 Socialist Action 0

By Jane West

The bellicose response by the US and others to the latest developments in North Korea is in no way a proportional response to any real threat from the small East Asian state, but an excuse for quite other military objectives.

The US used its known language of war – ‘a real and clear danger’ – to announce its decision to extend its advanced missile defence system to the Pacific island of Guam. As no one in their right mind believes that North Korea has the capacity to hit the US – or virtually anywhere very far from its own borders – with a nuclear-armed missile, this step has other purposes. The country in the US’s binoculars is not North Korea but rising China, and the Guam move is a further step in its announced ‘pivot’ to Asia aimed at militarily encircling China.

The failure of neo-liberalism

4th February 2013 Socialist Action 0

The following article by John Ross sets out the disastrous effects on countries following neo-liberal economic policies – including in Latin America, Europe, and the US. It also analyses the errors in economic theory of neo-liberalism. Its influences also damaged China’s economy in the first half of 2012, but following China’s government boosting state led investment from mid-2012, China’s growth has accelerated again.

© 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.