China ‘Negotiates Military Base’ in Djibouti

Beijing’s presence “welcomed”, raising prospect of US and Chinese bases side-by-side in tiny Horn of Africa nation. Guellah has “welcomed” China’s plan to “protect its interests” in Djibouti [AFP] China is negotiating a military base in a strategic port of Djibouti, the president said, according to the AFP news agency. The move raises the prospect of…

China Is Very, Very, Very, Very Big

By Noah Smith, Bloomberg Larry Summers and Lant Pritchett have written a paper predicting a Chinese growth slowdown. In 2013, Barry Eichengreen, Donghyun Park, and Kwanho Shin wrote a paper with much the same message, which accurately predicted the recent Chinese slowdown from about 10 percent annual growth to about7.5 percent. In fact, the most…