Asia

China plays hard ball

Europe's economic troubles have forced it to continue looking to China for financing. But Beijing, which is thought to hold up to 30 percent of its reserves in euros, is driving an increasingly hard bargain.  

Why China wants a G3 world

Despite the fashionable talk about BRICS and the G2 of Washington and Beijing, we really now live in a G3 world that combines US military power and consumption, Chinese capital and labour, and European rules and technology.