Author: kloster

    Article: China and Australia have now agreed to direct currency conversion without the USD as an intermediary. Given the amount of exports now being traded amongst the two countries, direct conversion will save thousands of business money who deal with China.

Interesting article in response to purchasing homes as an investment per Fridays discussion:  Article

After finding 16,000 dead pigs in the water last week, the government pulled another 1,000 ducks from the Sichuan River today.  Local representatives for the government said that the bodies were first reported Tuesday and then withdraw from woven sacks upstream. The ducks were reportedly disinfected and then buried. The news comes as residents begin… Continue reading Water Pollution, the Saga Continues →

A team of economists at Shanghai University recently published an assessment of the merit-based promotion system for Party and government officials.  The group looked at the effect of organization management on incentives for cadres to invest in transportation infrastructure (GDP boosting) or environmental improvements. As pollution levels remain high, from air to water, what are… Continue reading Government Promotion and Economic Investment: Green vs. Infrastructure →

America owes $1.2 trillion to the now largest trading nation in the world, with imports and exports for China totaling $3.87 trillion for 2012, barely beating out the United States which had $3.82 trillion in total exports and imports. What is contributing to the massive jump?

In a new round of testing, both the United States and China have confirmed successful launches of new anti-ballistic testing systems and long-range anti-missile interceptors. The test is China’s second successful launch of similar magnitude; the other being was in January of 2010. The Defense ministry in China claims the tests are “defensive in nature and… Continue reading Missile Defense Tests →