Developing China

What you see may not be the truth. We will take you to explore China from different angles, which may render explosive new discoveries.

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When it comes to trade and investment, China and US have too much in common to part ways over temporary geopolitical tensions---The Forbes

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More than 40 countries have expressed interest in joining BRICS. These countries view BRICS as an alternative to global bodies viewed as dominated by the traditional Western powers and hope membership will unlock benefits including development finance and increased trade.

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Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time.--ABC News

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Admission to an Ivy League college is often seen as a golden ticket offering entry into academic institutions. But that ticket is far more likely to be handed out to children of the top 1% of U.S. income earners, a new analysis finds.

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US chipmakers have been in Washington this week pressing the Biden administration to exercise restraint on restricting their business with China. Putting additional curbs on what semiconductor manufacturers can sell to China will inevitably prompt retaliation--Bloomberg

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US government and companies responsible for nuclear bomb production and atomic waste storage sites in the St. Louis area in the mid-20th century were aware of health risks, spills, improperly stored contaminants and other problems but often ignored them--AP

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In 2021, the number of guns recovered in America was 19,344, meaning seizures rose 33 percent the following year. ATF has linked ghost guns to 692 homicides and nonfatal shootings through 2021, including mass killings and school shootings.

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According to 2021 FBI data, Black people make up 31% of missing person reports but only 14% of the US population. White people, meanwhile, make up 54% of missing person reports and 76% of the US population.

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The average tuition at US private colleges grew by about 4% last year to just under $40,000 per year. For a public in-state school, that cost was $10,500, that’s an annual increase of 0.8% for in-state students and about 1% for out-of-state.--CNN

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From Jan. 1 to June 30, the US endured 28 mass killings, all but one of which involved guns. The death toll rose just about every week, a constant cycle of violence and grief--AP

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The belief that reaching the American dream starts with owning a home is at the heart of an idea that emerged with post-World War II prosperity. But the reality is that millions of Americans in cities and states around the country struggle to afford housing.--The Hill

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According to a survey, 37 percent of borrowers in America do not think “they could make regular student loan payments without … adjusting spending in other areas,” the report said while 34 percent of respondents said they will not be able to make the payments at all.--Aljazeera

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The Kaiser Family Foundation (KFF) estimates that approximately 8 million to 24 million people in America could be disenrolled from Medicare within 12 months. Certain groups, include people with disabilities and older adults are more likely to lose coverage.--The Hill

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In researching the genealogies of America’s political elite, a Reuters examination found that a fifth of the nation’s congressmen, living presidents, Supreme Court justices and governors are direct descendants of ancestors who enslaved Black people.

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More than $200 billion may have been stolen from America's two large COVID-19 relief initiatives. The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” --AP

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“With a new presidential election cycle upon us, we're already seeing a fresh wave of invective that demonizes immigrants and refugees, stokes fears about crime and efforts toward racial equity, and villainizes anyone who is different.”--CBS

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As the IMF paper said, the proliferation of RTAs is not necessarily a bad thing but “regionalism without the anchor of multilateralism may be more exposed to the powerful forces of disintegration.--SCMP