"China intends to project naval power in the open ocean in coming years, and not just defend the country's coastal waters, according to a strategy paper released on Tuesday. The paper, the first policy document issued by the Chinese military in two years, comes at a time of growing Chinese assertiveness in the South China Sea... The Pentagon said earlier this month that it was weighing whether to send warships and aircraft into what it says are international waters, but China says are within its zone of control," writes The New York Times.
Bloomberg reports, "Fewer people are undernourished than anytime in the past 25 years as the rise of developing countries such as China and Brazil ushers in economic prosperity and improved food production...China dominated the fight against global hunger, accounting for about two thirds of the reduction in hungry people in developing regions in the past 25 years. Among major regions in the world, eastern and Southeast Asia reduced hunger by the most, according to the FAO report."
"China is an economic giant, but its money is still a bit of a runt. Unlike the dollar, euro and yen, it's little used away from home. The No. 1 exporter has kept its currency off world markets and restricted buying and selling...Now it has reason to loosen the grip on the renminbi, which means 'the people's currency,' and is better known by the name for its biggest unit, called yuan. To fuel a slowing economy and back rising political ambitions, China is now promoting the use of the yuan throughout the world, a slow-moving process known as internationalization. It's one of the biggest changes in global financial markets since the creation of the euro," writes an opinion article from Bloomberg.