Who wants to be a global policeman?

The Levant News — by Graham E. Fuller — Washington has jealously guarded the role of global policeman for over half a century. But is the game still worth the candle? World War II left no power standing other than the US. Washington was in a unique position to lead “the free world” against the …

China To Invest In Salmas Special Economic Zone

The Levant News — Managing Director of Salmas Special Economic Zone Ali Rahimi said that China has declared interest in participating in different projects in the zone, the Islamic Republic News Agency “IRNA” reported. The source added that the director made the remarks on Friday on the sidelines of meeting with a group of Chinese …

China’s Crisis: The Price of Change

The Levant News — By Rodger Baker —  Last week was an eventful one for China. First, the People’s Bank of China shocked the financial world when it cut the yuan’s reference rate against the U.S. dollar by nearly 2 percent, leading to a greater than 2 percent drop in the value of the yuan …

Why China’s Stock Markets Matter

Source: Stratfor Analysis Beijing will continue to intervene where possible to prop up markets and market sentiment. A collapse of the stock market would likely increase deposits in ordinary bank accounts. This would compel Beijing to rely more heavily on banks to fuel growth and pressure China to accelerate financial liberalization efforts as a way to cultivate household …

Dangers of a Declining Global Power

By Graham E. Fuller* – Source: grahamefuller.com — Much has been written about the dangers and challenges posed by China as a rising global power. Indeed, historians speak of generic tensions between rising powers and status quo powers that have often led to war. But instability takes at least two players to create it: the …