Christian Science Monitor

on November 8, 2012

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The Christian Science Monitor is an independent international news organization that delivers thoughtful, global coverage. We want to inspire people to thinkabout what they've read long after they've left the page. To share what they've learned with others. And to do something that makes a difference.

China’s Leadership Transition: What to Look For

By Damien Ma on November 7, 2012

Now that the U.S. election is behind us, time to turn to the next most important political transition in years: the Chinese Communist Party's 18th Congress. Seventeen congresses have gone by and hardly anyone has paid much attention, including most Chinese themselves. This time is a little different.

Politics
18th Party Congress, Leadership Transition

Peering Inside the ‘Black Box’

China’s Leadership Transition at the 18th Party Congress

By Orville Schell on November 7, 2012

Just hours after the United States voted for its next president, China, too, is preparing for a leadership change—although much less is known about that process, which begins Thursday with the start of the 18th National Congress of the Communist Party of China. In an attempt to shed light on this opaque political exercise, the Asia Society together with the editors of ChinaFile have conducted a series of studio interviews.

Orville Schell, Director of the Center on U.S.-China Relations at Asia Society, begins the series.

Investment-Led Growth in China: Global Spillovers

By Ashvin Ahuja, Malhar Nabar on November 6, 2012

Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers from an investment slowdown in China. It finds that a one percentage point slowdown in investment in China is associated with a reduction of global growth of just under one-tenth of a percentage point. The impact is about five times larger than in 2002. Regional supply chain economies and commodity exporters with relatively less diversified economies are most vulnerable to an investment slowdown in China. The spillover effects also register strongly across a range of macroeconomic, trade, and financial variables among G20 trading partners.

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Luo Xiaoyuan
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Economy
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Imports and Exports
Investment
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International Monetary Fund (IMF)

Fragments of Cai Yang’s Life

An angry young man gets swept up in protests against Japan

By Chen Ming on November 6, 2012

The man suspected of smashing the skull of fifty-one-year-old Li Jianli, the owner of a Japanese automobile, has been arrested by police in Xi’an; he is twenty-one-year-old plasterer Cai Yang.

Cai Yang came to Xi’an from his hometown of Nanyang [seven hours away by train], plastered walls for two years, and was excited to be earning 200 yuan [$34] a day. He enjoyed watching anti-Japanese shows, played shooting games online, dreamed of going to university, and expressed his longing for love on QQ [one of China’s most popular online social networking platforms].

China’s Security Ministry Suspected Slain Businessman Was a Spy

By Jonathan Ansfield and Ian Johnson on November 6, 2012

China’s external intelligence agency, the Ministry of State Security, suspected a British businessman of being a spy before his murder last year at the hands of a senior politician’s wife, according to people with close ties to Chinese state security.

Politics
Espionage, Neil Heywood, Bo Xilai, Gu Kailai