NEW YORK | By Daniel Altman | In economics there are few axioms and fewer laws. The science, if it can be called that, lacks the certainty of mathematics and the elegance of physics, which may be why quite a few run-of-the-mill mathematicians and physicists turn out to be excellent economists.
BEIJING | Calls to reform China’s one-child policy are growing, and the government should respond by considering the range of options available, Chinese economic magazine Caixin states. That would boost the economy by reshaping the demographic structure to support sustained growth.
The size of what is owed could reach up to $3.2 trillion or $1.6 trillion at best. These figures are equivalent to between 20 percent to 40 percent of the country’s GDP.
BEIJING | The question on whether China’s economy is expanding or contracting is like answering whether the glass is half full or half empty. The positive…