Alan Kohler is one of Australia’s most experienced economists. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
In this week’s essential reading guide Bartholomeusz asks whether scale should be front of mind for gold miners, Burgess explains Australia's import addiction, and Pickering puts Canberra's immigration planning under the microscope.
China’s fear of liberalisation of its currency is a sign of its immense economic vulnerabilities. Genuine liberalisation of the renminbi is not imminent because the conditions that have prevented it have not changed.
There is a great chasm between China's modern leaders, who implicitly reject Maoism, and the nation's official history, which tends to remember Mao fondly. Bridging the gap would strengthen the Party's legitimacy with its people.
On Saturday, China became only the third country to land a module safely on the moon. With half a billion impoverished citizens this expensive project makes little sense – except as a geopolitical power play.
China's leaders are hoping that a life sentence will solve the political problem of Bo Xilai. But if things go pear-shaped for the Chinese economy, Bo Xilai may reemerge as a viable socialist alternative.