• The enduring sluggishness of the global economy intensifies Beijing's policy dilemma: stimulate growth in the short term to burnish the political handover to a younger generation of leaders, and put at risk the all-important long-term rebalancing of the economy, or stick fast to its course at the risk of putting in jeopardy the Party's political legitimacy to rule which depends on delivering fast rising standards of living to all Chinese.

  • A further sign of continuing economic weakness adds to pressure on Beijing to drive a sluggish recovery, though it can do little to influence external demand.

    LAST UPDATE : Dec 05, 2012, 1:30 PM EST
  • With international sanctions squeezing Iran, the Islamic Republic is seeking toexpand its banking foothold in the Caucasus nation of Armenia to make up for difficulties in countries it used to rely on to do business, according to diplomats and documents.

    LAST UPDATE : Aug 23, 2012, 1:06 PM EDT