An opinion article from Bloomberg questions, "Where will China and India be in a decade, economically speaking? Judging from the abnormal speed at which they have grown in recent decades, most forecasters think they are due for a slowdown -- and, in the case of China, possibly even a crash. Looked at another way, though, the two countries' prospects could be much brighter...History shows that periods of fast growth generally portend reversals back to the world average. Recently, however, researchers have been developing new ways to forecast economic performance -- methods that employ large quantities of data to touch on the deeper economic realities that actually drive growth... The link between wealth and capabilities appears to apply only to countries of intermediate to high complexity." 

According to The Wall Street Journal, "Chinese President Xi Jinping's signature anticorruption campaign is reaching deeper into China's armed forces, with the military reporting that the crackdown ensnared 14 more generals. A report by the military's official media said Monday that the generals were either placed under investigation or convicted by authorities in recent months. Those named ranged from a vice political commissar with the nuclear missile force to the deputy chief of staff of the North Sea Fleet...Mr. Xi's anticorruption campaign has targeted the military in ways ranging from the systemic-for example, tightening regulations on military license plates-as well as the more personal." 

"Hong Kong police arrested 38 people after a group of about 400 demonstrators clashed with police, in the latest sign of tension caused by China's influence in the city. Protesters in Yuen Long, in the New Territories just a stone's throw from mainland China, chanted 'Cancel the multiple-entry permit,' and 'Topple the Chinese Communist Party,' as they complained about so-called parallel traders, who make profits by selling across the border goods bought in Hong Kong...The demonstration mirrored others in recent weeks targeting mainland Chinese visitors. The protests have tapped a seam of resentment against China, resulting in calls for greater Hong Kong nationalism and even independence, nearly three months after police cleared away the last of the city's pro-democracy street protests," reports Reuters. 

Reuters writes, "China's environmental ministry has ordered local governments in two key steel-producing cities to take tougher action against polluters from the sector as part of efforts to improve air quality. That could pile pressure on mills already struggling with weak demand-growth as the world's No.2 economy loses momentum...Beijing is determined to tackle hazardous smog by imposing higher environmental standards and strengthening monitoring in high-polluting regions, with some unqualified steel mills closed permanently since last year. China put a new environment law into effect at the start of 2015, and can now impose unlimited fines and even prison sentences on officials who fail to conform with new standards."