Many Asian countries have long distrusted popular democracy, looking at the Westminster form of representative democracy as a more acceptable way. Now with Scotland and Northern Ireland’s separation from the UK lurking around the corner, Asian leaders must look for their own expressions of democracy.
A report released on May 26, 2016 by the United Nations Environmental Programme shows that China will get forest cover on almost one quarter of the country by 2020 if the country succeeds in its mission towards building an “eco-civilization.”
On May 17, Germany’s Kuka received a friendly buyout proposal from Midea, a white goods appliances company based in Guangdong with annual sales of EUR 19 billion. Midea proposed to pay EUR 115 per share to buy the 86.5 percent of Kuka that it does not own.
A front page interview with an anonymous “person with authority” in the People’s Daily on China’s economic situation shows clearly what senior leaders think about the current economic issues facing China.
The article in the May 7 issue of The Economist on the coming debt bust of China’s financial system failed to move the RMB or other financial markets. Has there been a real change in the fundamentals of the Chinese financial system, or has the market simply changed its perception of the problem?
Footage of Queen Elizabeth II making an unguarded comment on China’s diplomats leaked out early this month. Be it cultural difference or misunderstanding, a big question that should be addressed by China is, who is its true friend after all?