Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
In an acknowledgement of China’s precarious financial situation, Beijing has begun to engineer a massive program of bank mergers, starting in Henan Province.
Whatever the geopolitical ramifications of cooperation within this group, its economic reach and finances are far from enough to topple the international system
To boost consumer spending and revive China’s struggling economy, Beijing is targeting the used car market—a step, to be sure, but far less than what is needed.
In an acknowledgement of China’s precarious financial situation, Beijing has begun to engineer a massive program of bank mergers, starting in Henan Province.
Whatever the geopolitical ramifications of cooperation within this group, its economic reach and finances are far from enough to topple the international system
To boost consumer spending and revive China’s struggling economy, Beijing is targeting the used car market—a step, to be sure, but far less than what is needed.