Friday, July 20, 2007

3 from Asia Times

CHAN AKYA
The new imperialism
Asian countries remain beholden to archaic economic notions, attempting to control the growth of their economies by indulging in significant trade and investment manipulation. The resulting large wealth transfer to already rich Western societies comes at high cost to Asians, preventing them from fixing the most pressing items on their domestic agendas, including corruption, pollution and infrastructure issues.

China's unbalanced economic engine
China, while acknowledging that consumer spending lags behind investments and exports, is blaming the wobbly axis on "three excesses" - bank loans, investments and exports - while doing its best to turn a blind eye to the excessive, widening gap between China's haves and have-nots, which is largely driven by the state itself. - Zhou Jiangong

Ladies first: China opens to Korean refugees
By Sunny Lee

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