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Monday, 23 January 2012 23:35 |
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In an excellent article on the ADBI blog, Willem Thorbecke argues that it is time for China to stop buying US Treasuries and start investing in its people.
But China's overseas investments now go well beyond US Treasuries and provide China's communist party government with "external strength" which is helpful at a time of internal weakness.
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Monday, 23 January 2012 23:01 |
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We should all be grateful for and admirative of the life and work of leading Australian neurosurgeon Charlie Teo.
We should also take seriously his Australia Day message ...
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Sunday, 22 January 2012 23:26 |
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We will not know the official answer to this question for some time. But evidence from a suburban veterinary practice in Sydney suggests that the economy turned down in November 2011.
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Thursday, 19 January 2012 01:03 |
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Asia tops the developing world in everything -- including illicit financial outflows, as revealed by the Global Financial Integrity project (GFI) in its recent report, "Illicit Financial Flows from Developing Countries Over the Decade Ending 2009".
And within Asia, China of course leads the way with illicit financial outflows of $2.74 trillion over the decade, followed by Malaysia with $350 billion.
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Tuesday, 17 January 2012 22:44 |
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Today, economic, strategic and political observers analyse and debate the rising power of China.
But how powerful can this emerging dragon be, when it fears the influence of 2010 Nobel Peace Prize–winning poet and essayist Liu Xiaobo to such a point that he is put in jail.
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Monday, 16 January 2012 22:51 |
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The OECD has just issued a scathing report on Japan's efforts to fight bribery and corruption. This is striking in many respects -- most notably the stark contrast with the recent glowing report for Japan's little Asian brother, Korea.
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Sunday, 15 January 2012 23:47 |
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Over the past two decades, as Japan has gradually slipped down the OECD ladder in terms of GDP per capita, Korea has progressively climbed the same ladder. It's just a matter of time before Korea overtakes its neighbor.
How could this happen?
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