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  • Is China More Prosperous Than the U.S.?

    The Legatum Institute has just released its 2011 Prosperity Index. The index has a number of strengths, topped by the versatility of its supporting Web site. But Legatum has trumpeted an inaccurate finding that China has eclipsed the U.S. on the narrow economic dimension of its measure of prosperity. This … More

    Will China Bail Out the EU?

    The European press has a death grip on the idea that China will provide the huge sums of money necessary to make a dent in the EU financial crisis. Like most things involving the EU, the crisis has progressed at a snail’s pace. This has given the media the chance … More

    How Congress Should Deal with China

    The House Ways and Means Committee will hold a hearing tomorrow on America’s economic relations with China. This is easier said than done—there’s a lot of ground to cover. One topic gets the most attention, of course: China’s currency policy. We should all hope that the committee can move beyond … More

    Congress Plays Around on China

    The Senate is today considering a bill to punish China for its currency policy. The bill requires the U.S. to place duties on Chinese goods if the exchange rate of the yuan against the dollar isn’t brought to a level Congress finds suitable. It is vague on that level, on … More

    The China Models

    There continues to be a great deal of talk about “the China Model.” It is supposed to be a way to organize an economy, especially a developing economy, that is superior to the American or Western model of competitive capitalism. This debate has many important parts, but it has largely … More

    The Debt Ceiling: What China Is Doing

    The debt standoff in D.C. is first and foremost about irresponsible government—not just right now but for a decade by both parties, both houses of Congress, and two Presidents. There are also a number of secondary issues, including the impact on America’s biggest foreign creditor: China. Hang on—this is going … More

    Bloomberg Harms Environment with Gift to Sierra Club

    Sometimes things don’t work out the way we expect. New York Mayor Michael Bloomberg today announced a $50 million gift to the Sierra Club. His motive? “Coal is a self-inflicted public health risk…and the leading cause of climate disruption.” But what will actually come out of the Bloomberg gift? 1) … More

    Free Markets Are Good for China—and Us, Too

    Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through June 30, it shows over $60 billion in Chinese investment in Latin America. This worries some people. They think that China is gaining economic benefits … More

    Chinese Currency Manipulation: Lies and Statistics

    There’s a very old political rule getting a new twist in the House of Representatives right now: When your policies fail, blame someone else. The new twist is: When unemployment is above the level you said would be a catastrophe, and you’re on the road to bankrupting the country in … More

    Don’t Expect Much from the Latest Grand Meeting with China

    The United States and the People’s Republic of China will hold the 2011 version of the Strategic and Economic Dialogue (S&ED) this coming Monday and Tuesday in Washington. Many distinguished people will participate, many well-crafted speeches will be given, many valuable topics will be discussed, and little of long-term economic … More