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China

China falls out of love with nuclear

26 March 2018

Slowing demand for electricity and competition from renewables have halted new reactor approvals, writes Feng Hao As countries around the world abandoned nuclear power, China had bucked the trend, embracing nuclear power as a reliable and cheap energy source that would help reduce air pollution [read more]

The GDP of Bridges to Nowhere

26 March 2018

MICHAEL PETTIS In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its [read more]

The Problems of Excess Chinese Debt

13 December 2017

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things [read more]

Review of The Retreat of Western Liberalism by Edward Luce

23 September 2017

Pub. Little Brown, London 2017 Edward Luce’s previous book, “Time to Start Thinking: America and the Sceptre of Decline” was a timely account of the decline of the American state, this book, appears to be primarily a commentary on the rise of populism, with particular reference to the [read more]

Climate change jeopardises survival of snow leopards

13 September 2017

Receding snowline in Asia’s high mountains, due to global warming and infrastructure developments, poses a major threat to snow leopard as humans encroach on their habitat by Juhi Chaudhary “I love the snow leopard,” says bright-eyed Ganaium, who lives in Tamchy village close to Issyk-kul [read more]

Is China’s Economy Growing as Fast as China’s GDP?

7 September 2017

by Michael Pettis If local governments and state-owned enterprises in China systematically invest in projects that are not economically justified, to the extent that these projects are not correctly marked to market, China’s reported GDP will be overstated by that amount, as will its total wealth [read more]

The uncertain death of king coal

4 August 2017

by Omair Ahmad After three years of declining coal production, China has suddenly seen a rise in both its production and consumption. While analysts debate whether this is a mere blip in an overall declining trend of coal use, the rest of Asia is also caught in the midst of a strange debate where [read more]
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© Andrew Palmer