Posts by John Ross
How IMF policies helped oligarchs loot Russia – lessons for China and other countries
In 1992-98 the greatest peacetime economic coll…
Read MoreWhy Chinese neo-liberals are forced to falsify world history
China’s economic discussions are the most ad…
Read MoreWhy China’s social achievements are even greater than its economic ones
Attempts are sometimes made to claim that China’s…
Read MoreEconomic data shows claim of US ‘strong economic recovery’ was a myth
The publication of official US economic data for 2016, which shows only 1.6% US GDP growth for the year, and only 0.9% per capita GDP growth, clearly demonstrates two things: The major global economic development in 2016 was a sharp slowing of the US economy – as is shown below; Large parts of the financial…
Read MoreWhy the US not China threatens world peace
A concerted attempt is being made by the US to ra…
Read MoreA Copernican Revolution in Western economics & China’s supply side reform
Every 4th May is National Youth Day in China. In 2…
Read MoreComparison of Hong Kong and ‘poor whites’ in the US South
July 1st 2017 was the 20th anniversary of the correction of one of the great crimes against China and of one of the dirtiest episodes in Britain’s history. It was be the anniversary of the return of Hong Kong to China. China’s President Xi Jinping has strongly stressed that reunification with Hong Kong was a…
Read MoreSolar power illustrates China’s manufacturing future
The decisive global role being played by China in leading the way in the development of renewable energy is now being recognised in the Western media – see the Financial Times article ‘The East is turning green’ summarised on this site’s blog. The Financial Times rightly notes of China and India: ‘both countries are set…
Read MoreWhy a US-China ‘Thucydides Trap’ can be avoided
Discussion of a supposed China-US ‘Thucydides trap’ is based on a sentence from ancient Greek historian Thucydides on the Athens-Sparta war of classical Greece: ‘It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable.’ The comparison asserted is that China’s rise, confronted with a US ‘superpower’,…
Read MoreChina’s GDP data destroys ‘hard landing’ myth again
China’s latest economic dataChina’s recently-published second quarter 2017 GDP data showed solid growth in regard to all key indicators. Year-on-year:• GDP rose 6.9 percent;• Industrial value-added rose 7.6 percent;• Retail sales grew 11.0 percent;• Urban fixed asset investment rose 8.6 percent.This is a performance exceeding any major Western economy – American GDP growth for the…
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