China fights deflation on its own

Feb 2, 2015

China fights deflation on its own

by Yao Yang

During the past two years, China has tightened fiscal and monetary policy in the hope of offsetting the adverse effects of the large stimulus package implemented in response to the 2008 global financial crisis.

Sep 26, 2014

In praise of what looks like China's new norm

by Yao Yang

Based on the rising share of labor's national income, the decline in global demand, the aging population, rapid urbanization and education dividends from younger workers, China's annual growth rate over the next decade is forcecast to average 7.3 percent — which would still be ...

Jul 28, 2014

Growth India can live with

by Lee Jong-Wha

India's new prime minister, Narendra Modi, seems committed to boosting India's competitiveness by improving its business climate. What his plan lacks, though, is a strong focus on expanding labor-intensive industries.