- Strengthening the Stabilizers
The G-20 should provide the FSB with adequate institutional capacity to address its tasks, but without creating a bureaucracy.
- China State Council Kicks off VAT Reform
With this official start to a policy of selective easing, Beijing should and can utilize its strong fiscal position to strike a better balance between growth and inflationary concerns.
- Britain's Path of Denial
There is no sign of a crisis narrowly averted. Ten-year yields on British government bonds were at historic lows long before Cameron took office.
- Italy's Capital Flight
The Eurozone has entered dangerous territory. Deposit facilities count as central bank money and have inflationary potential, given that the German banks could withdraw those funds at any time.
- The Global Jobs Challenge
In short, economies and policies adjusted in an unsustainable fashion, to some extent obscuring the need for a more sustainable pattern of adaptation.
- America at Stall Speed?
In the process, the risk of recession remains uncomfortably high, the unemployment crisis deepens, and inequities rise as already-stretched social safety nets prove even more porous.
- Yemen's Winter of Discontent
For the people of Yemen, the Arab Spring has already turned into a winter of discontent. And as the country slides towards anarchy, it may prove to be a very long, hard winter ahead.
- China is Undergoing Transformation
Different views on the 1911 Revolution represent different interpretations of modern Chinese history. Caijing invited several domestic and foreign scholars to share their views a century after the Revolution.