In the evening of August 5, 2011, the Standard & Poor’s downgraded the US credit rating from AAA to AA+, and set its outlook as negative. This seemed to be a b

Even though the United States came to an agreement on the debt ceiling negotiations recently, Standard and Poor’s still downgraded the nation’s longstanding s

Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of C

Since 2009, the US economic recovery has bumped along a course of recovery from the worst recession it has experienced since the 1930s. As a result, it has atte

China compiled its economic data for the first half of the year in less than two weeks. This is not nearly enough time to survey 1.36 billion people unless very

Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw. Senior Chinese officials are appalled at how the United States allows politics to trump financial stability

Since mid-May, the United States has lived on borrowed time as Washington has debated multiple deficit-plans before the Aug 2 deadline. After last-minute twists

Where is China stashing its $3.2 trillion in foreign exchange reserves? The answer to that question in the past, everyone agrees, has been mainly in U.S. dollar

Even as the debt crises in Europe and the United States loom large and the global economic recovery falters, inflation is making a comeback worldwide. Indeed, e

The Obama administration and Republican Congress have been engaged in a very difficult negotiation regarding raising the US debt limit. US debt will reach the $