A wonderfully perceptive article from Joseph Stiglitz, Nobel laureate in economics, should be required reading for anyone interested in China's new economy. In a few broad brush strokes, Stiglitz summarised the challenges facing China as it evolves from the traditional economic model that has served it so well in the recent past but is now being questioned -- and not just by hawkish politicians in the west...   more »

China has gone on the counter-attack over the increasingly bitter piracy dispute with the US. The Chinese government says US complaints could damage trade relations between the two countries, although the US seems determined to go ahead with its complaints, one over piracy the other concerning access for foreign music, films and books...   more »