"A new global order is emerging, though much of its shape is still uncertain. At the very least, many would agree that while the U.S. will remain a great power for many decades to come, its share of global power will decline relative to other rising powers. These other powers, such as China and India, will catch up and play a more active and important role in global affairs. While many analysts have focused their attention on a possible rivalry between China and the U.S., few have paid adequate attention to the dynamic emerging between China, India, and Russia and the possibility of a coalition among them born from their desire to alter the status quo... there are many substantive differences between the three countries, particularly between China and India, that will impact how they relate in the decades to come," discusses an opinion article from The Diplomat.
According to The Wall Street Journal, "China's anti-graft agency this week published a rare public acknowledgment that President Xi Jinping faces resistance to his campaign to punish senior officials for corruption. The effort - now in its third year - now requires more determination, the agency said. 'Some call on an end to the combat against graft and work style revamp, fearing the campaign would go too far if it continues,' the report ran, according to a Xinhua news agency translation posted on Monday to the website of the Central Commission for Discipline Inspection, the Communist Party's internal watchdog...Anecdotal evidence suggests the president's war against corruption within the Communist Party remains popular among China's broader population, and state media regularly trumpet voices of support for it from politically powerful officials, including some of the accused."
The New York Times writes, "Two months after protesters were cleared from the streets, the Hong Kong government announced on Wednesday a budget full of tax breaks and other handouts to provide economic support to the lower and middle classes, as well as businesses that it said had been disrupted by 11 weeks of demonstrations. 'The Occupy movement affected tourism, hotel, catering, retail and transport industries,' John Tsang, the city's financial secretary, said in his budget speech, adding that the initiatives would help 'offset the impact on economic confidence.' Hong Kong's widening wealth gap and increasingly unaffordable housing emerged as catalysts for last year's democracy protests...[Tang offered] one-time items that included tax breaks on salaries and profits; increased funding for small and medium-size companies; increased welfare payments for the poor and the elderly; and a one-month rent waiver for low-income tenants of public housing."