We’ve seen some interesting reports on China’s economy as second quarter numbers are coming in.
- The Wall Street Journal reports on China’s 7.5 percent GDP in Q2
- Housing prices are falling, says Bloomberg
Also, Super Typhoon Rammasun is roaring through southern China. The news web-o-sphere is showing some tragic photos. We hope for a speedy recovery.
And finally, the New York Times wrote a thought-provoking article on the duality of opinions when it comes to China’s rise of power on the geopolitical stage. The “Hawks” are saying it’s time for China to strut its stuff and begin to wield its newly earned diplomatic, economic and military power; while the “Doves” wish for a peaceful and harmonious culture forming out of new China. That’s a shallow summary. Nevertheless, read the article here.