China cutting reliance on exports as domestic demand grows

China’s pattern of economic growth is changing. The country is depending more and more on domestic consumption than external demand. Previously, beginning from the 1980’s and 1990’s, when China’s economy first began rapid expansion, economic…

Shanghai Expo creates world record for China

The Shanghai World Expo which wrapped up October 31 created a record for host country China as a total of 72 million visitors trooped in to the expo ground. The expo was the biggest most expensive event since the Great Exhibition of 1851 in London that marked the coming of the Industrial Revolution.

Turkey identifies new “enemies”

Turkey’s revised list of countries believed to be threats to its national security confirms Ankara’s strategic drift away from the West, according to the Heritage Foundation. Ankara removed Iran, Iraq, Syria, Bulgaria, Georgia and Armenia, Russia,…