Yesterday, the People's Bank of China lowered the reserve requirement ratio by 50 basis points. Now, China's banks will have an extra 400 billion yuan - about $63.5 billion - to lend. more ››
Political scandals sometimes perform a valuable function in cleansing governments. They destroy the political careers of individuals of dubious character. More importantly, they can debunk political myths central to the... more ››
Over the last several weeks, as Western media has followed the unfolding of events of Chen Guangcheng’s dash to the U.S. embassy in Beijing, which came on the heels of the Bo Xilai scandal, Chinese media has shifted... more ››
President Barack Obama ran as the anti-George Bush candidate. So it is ironic that his signature achievement overseas - the killing of Osama bin Laden - is one Bush would have been proud of. more ››