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China & East Asia

China and Russia: wind, gas and strategy

In 1957, at the height of Soviet power, Chinese leader Mao Zedong made a prediction. “It is my opinion that the international situation has now reached a new turning point. There are two winds in the world today, the East Wind and the West…

Toward a more balanced global growth?

Six years after the start of the Great Recession of 2008-09, the outlook for the world economy now looks relatively optimistic, albeit amid some new risks and challenges. Following years of balance sheet adjustment and policymakers…

Asia Needs to Reform to Rise

Asian economies are weathering the present global crisis but long-term gains will be possible only if governments use the opportunity to carry out more reforms. It has been almost exactly two years since Bear Stearns  & Company ignited…