Asian Infrastructure Investment Bank
The former U.S. treasury secretary says policies must focus on the average citizen, not those "who know a lot about the international system and how to game it."
The initiative could be the most significant coordinated development undertaking in history. But success is far from certain.
President-Elect Trump's threat to withdraw the U.S. from the Trans-Pacific Partnership (TPP) should be taken seriously, despite how mercurial he has already proven to be in failing to follow through on a variety of other campaign promises.
Courting Qatar would also enable China to pressure these countries to solve the security issues in the region. Undeniably
As in every year, 2015 in Asia was marked by natural and man-made tragedies, such as the devastating Nepal earthquake and the persecution of minorities like Myanmar's Rohingyas.
Western political and economic structures are, in some ways, specifically designed to resist deep and rapid change, if only to prevent temporary and reversible fluctuations from having an undue influence on underlying systems. This works well when politics and economies are operating in cyclical mode, as they usually have been in the West. But when major structural and secular challenges arise, as is the case today, the advanced countries' institutional architecture acts as a major obstacle to effective action.
BEIJING -- It is clear that China will be one of the major economic engines in the first half of 21st century with projected outward investments of 500 billion dollars and outbound tourists of over 500 million for the next five years. "Made in China," Chinese capital, China's market and Chinese consumers will be hallmarks in the new round of economic growth of the world.
NEW YORK -- Today, developing countries and emerging markets are saying to the U.S. and other rich nations: If you will not live up to your development aid promises, at least get out of the way and let us create an international architecture for a global economy that works for the poor, too.
As did the late Lee Kuan Yew during his iron-fisted rule in guiding Singapore's success, China is now advancing an "Asian way" in this newest of multilateral lenders.
The placement of these artworks is disconcerting and, for the most part, brilliant. Viewing the modern work next to ancient artifacts from China and from neighboring countries with which it has had a volatile history, instantly rewires our brains.