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…)
On Monday morning, the world had one less geopolitical hotspot to worry about, when following months of escalating verbal jawboning and explicit threats on both sides, India agreed with China to disengage at the contested territorial dispute face-off site in Doklam.
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.
In 1992, a strangely curious man named Wu Anai, near the Chinese village of Shiyan Beicun in Longyou County, based on a hunch, began to pump water out of a pond in his village. Anai believed the pond was not natural, nor was it infinitely deep as the local lore went, and he decided to prove it.
Source: The Mystery of The Longyou Caves
(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.
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.
In what may be the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, Reuters reports that ” Indian and Chinese soldiers 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.” While there has been no official confirmation yet by either India or China, a Reuters source in New Delhi who was briefed on the military situation on the border, said Indian soldiers ” foiled a bid by a group of Chinese troops to enter Indian territory in Ladakh, near the Pangong lake .” He added that some of the Chinese soldiers carried iron rods and stones, and in the melee there were minor injuries on both sides , the source said. “There was an altercation near the Pangong lake,” said a police officer in Srinagar, the capital of India’s Jammu and Kashmir state, under which the area falls.