China: Don’t Look Now, But. . . (Updated)

Featured image It’s been a while since we last updated the “China: Don’t Look Now, But. . .” series (you can find the previous three installments here, here, and here), but a terrific op-ed in today’s Wall Street Journal by Joseph Sternberg suggests that China has finally succumbed to the “greater fool” theory, as evidenced by its recent decision to buy A123 Systems, the ailing, Obama-backed (which means taxpayer-backed) car battery company »

Harry Reid promotes crony capitalism, with Chinese cronies

Featured image The Washington Free Beacon reports that Senate Majority Leader Harry Reid has been working to secure sweetheart deals for Chinese green energy firms. Specifically, Reid reportedly has been pulling strings behind the scenes on behalf of ENN Mojave Energy, a Nevada subsidiary of the Chinese-owned ENN Group. After more than two years of secret negotiations beginning in 2009, lawmakers in Clark County, Nevada agreed to sell 9,000 acres of public »

China: Don’t Look Now, But . . .

Featured image An old saying goes that when the U.S. economy sneezes, the world’s economy catches a cold.  This is plainly less true in an age of globalization, and these days Europe’s economic Parkinson’s Disease seems to be having some kind of collateral effect on prospects here, which is one reason why President Obama would really like it if Angela Merkel would relent on monetary rectitude. Meanwhile, China may or may not »

China: Don’t Look Now, But . . .

Featured image For most of the last three decades, China has presented a challenge to a favorite axiom of classical liberals—namely, that economic freedom begets political freedom in the fullness of time. China appears to be a huge exception to this idea (which was popular with, among others, Milton Friedman).  How long would China be able to go on with economic liberalization without political and social liberalization?  Or had they in fact developed »

China: Don’t Look Now, But . . .

Featured image While everyone has their gaze fixed firmly on Europe, with a Spanish bank crisis reaching a climax perhaps today, I wonder if we aren’t neglecting the risk from an economic crisis in China.  What would happen if China’s economy hits the wall the way Japan’s did at the end of the 1980s?  Barron’s gloomy Gus “Up and Down Wall Street” columnist Alan Abelson wonders the same thing this morning after »

Panetta attempts to clean up after Obama in India

Featured image During a two-day stay in India, Secretary of Defense Panetta urged India to: (1) take a larger role in Afghanistan and (2) support the Obama administration’s new policy that purports to counterbalance China’s growing influence and military power. This shouldn’t have been a hard sell. India has an interest in as much stability as can be achieved in Afghanistan because instability there might well benefit Pakistan. And India has an »

Dissident Chen leaves U.S. Embassy; China promises to be nice to him — Part Two

Featured image The story of Ghuangchek Chen, the blind activist who took refuge in the U.S. embassy, seems to have taken another turn. This morning, the story, as reported by the MSM, was that Chen had left the Embassy after he and the U.S. received assurances that, as I put, China would be nice to Chen. Specifically, Chen would relocate to another part of China, enter law school, and be treated like »

Dissident Chen leaves U.S. embassy; China promises to be nice to him

Featured image Blind activist Chen Guangcheng, who fled de facto house arrest last month and sought refuge at the U.S. Embassy, has left the Embassy compound after receiving assurances from the Chinese government that he will treated humanely. According to U.S. officials, the Chinese government agreed that Chen will be reunited with his family, relocated to a safe place in a different part of China, and allowed to enroll in a university »