Chinese economists say Big Data can replace markets in planned economies

In a paper in the World Review of Political Economy , economists from Sichuan University propose a model for an efficient planned economy that uses a hybrid of managed, two-sided “platform” markets (modeled on Ebay, Alibaba and various app stores) and central planning informed by machine learning and big data to fairly and efficiently regulate production in a system in which all substantial assets are owned by the state. (more…)

Source: Chinese economists say Big Data can replace markets in planned economies

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China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties

One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend , in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military standoff over a contested road in Doklam, were involved in an altercation in the western Himalayas on Tuesday, further raising tensions between the two countries which are already locked in a two-month standoff in another part of the disputed border.

Source: China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties

Trump adviser Bannon says U.S. in economic war with China: media

(Reuters) – The United States is in an economic war with China, U.S President Donald Trump’s chief political strategist has said, warning Washington is losing the fight but is about to hit China hard over unfair trade practices. “We’re at economic war with China,” Steve Bannon told U.S. news site prospect.org in an interview published in Wednesday. “It’s in all their literature.

Source: Trump adviser Bannon says U.S. in economic war with China: media

China-India Conflict Is Far More Dangerous Than US-North Korea One | OrientalReview.org

While the international media remains concerned to the point of being fixated on the US-DPRK (North Korea) stand-off, in terms of sheer firepower, the much more pressing stand-off between China and India holds the potential to be far more destructive.

Source: China-India Conflict Is Far More Dangerous Than US-North Korea One | OrientalReview.org

“Time Is Running Out” – China Is Planning For A Crisis Along North Korean Border

Despite Chinese officials reassurance that “military means shouldn’t be an option, ” WSJ reports that China has been bolstering defenses along its 880-mile frontier with North Korea and realigning forces in surrounding regions to prepare for a potential crisis across their border, including the possibility of a U.S. military strike .

Source: “Time Is Running Out” – China Is Planning For A Crisis Along North Korean Border