Deng Xiaoping

December 15, 1978 – United States announces that it will recognise communist China

In one of the most dramatic announcements of the Cold War, President Jimmy Carter states that as of January 1, 1979, the United States will formally recognize the communist People’s Republic of China (PRC) and sever relations with Taiwan. Following… Read More ›

Is China too big to fail?

My recent post about the financial problems of shipbuilder Rongsheng was renamed from it’s original title to become China believes shipbuilder is ‘too big to fail’ – does China share the same belief about itself?” This posed a very interesting question:… Read More ›