Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
In this week’s essential reading guide Kohler devises a quick fix to ballooning super charges, Gawenda charts capitalism’s new era, Bartholomeusz watches as NBN Co ups the ante and Burgess explains Hockey’s pensions debate.
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.