Every Nation for Itself

Forget the G-7 and the G-20; we are entering a leaderless "G- Zero" era—with profound implications for every country and corporation. The world power structure is facing a vacuum at the top. With the unifying urgency of the financial crisis behind us, the diverse political and economic values of the G-20 are curtailing the world's most powerful governments' ability to mediate growing global challenges. There is no viable alternative group to take its place. The United States lacks the resources and the political will to continue as the primary provider of global public goods. China has no interest in accepting the burdens of international leadership. Europe is occupied with saving the eurozone, and Japan is tied down with its own problems. Emerging powers such as Brazil, India, and Russia are too focused on domestic development to welcome new responsibilities abroad. The result is a G-Zero world in which no single country or bloc has the political or economic leverage-or the desire-to drive a truly international agenda. Ian Bremmer explains how this will lead to extended and intensified conflict over vitally important issues, such as international economic coordination, financial regulatory reform, trade policy, and climate change. We are facing a time of profound uncertainty. Bremmer shows who will benefit, who will suffer, and why this increased state of conflict is both inevitable and unsustainable. —Penguin Books Limited

Why a Chinese Company Wants to Own Your Local Movie Theater

Assuming the deal gets a pass from government regulators, there's good chance that your local movie theater will soon be owned by a large, Chinese conglomerate. This weekend, Dalian Wanda Group announced that it would pay $2.6 billion to purchase AMC Entertainment, America's second largest cinema chain. It would be the most expensive foreign takeover yet by a private Chinese company, a summer blockbuster for the M&A world.

Netizens: 'Power of Weibo,' Not the Law, Saved Wu Ying's LIfe

Ms. Wu, once among the richest women in China, was sentenced to death in January by a provincial court for illegally accumulating over RMB380 million, or about US$60 million, through a combination of loansharking and Ponzi schemes directed at (mostly wealthy) individuals and families. Wu then enjoyed a tidal wave of citizen and netizen discontent over her seemingly tainted sentence, as netizens surged forth to demand the ruling be struck down. At the time, they evinced a palpable sense that, somehow, their opinions could save her

Too Much "Negative" News, Or Too Little?

Late last week we wrote about the latest hardline editorial in the Beijing Daily, the official “mouthpiece” of the city-level Party leadership in Beijing, an ideological attack on the concept of “freedom of speech” that singled out “certain commercial newspapers and magazines” in China for exaggerating social and political problems in the country. Over the past few days, the Beijing Daily editorial has sparked a small-scale debate in China’s media about the role of the press. Here we include a translation of one of the more interesting responses, this one a letter written in to Southern Metropolis Daily — no doubt one of the papers Beijing Daily had in mind as a regular trouble-maker.

China Top Source of Counterfeit U.S. Military Electronics

China’s government has failed to curb manufacturing of counterfeit military electronic parts by Chinese companies that are the “dominant source” of fakes in the U.S. defense supply chain, a Senate investigation found. The U.S. Air Force suspended in January a Shenzhen, China- based company from supplying parts to U.S. contractors after it sold about 84,000 suspect components, many of them installed on U.S. aircraft, according to an example cited in the U.S. Senate Armed Services Committee report released yesterday.

Businessweek

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Bloomberg harnesses the power of information for people who want to change the world. Whether they’re in business, finance, government, policy or philanthropy, we help our clients turn data into insights so they can cut through complexity to solve challenges great and small.

WNYC

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WNYC 93.9 FM and AM 820 are New York's flagship public radio stations, broadcasting the finest programs from NPR, American Public Media, Public Radio International and the BBC World Service, as well as a wide range of award-winning local programming. 

In Chongqing, Bo Xilai's Popularity Endures

he legacy of Bo Xilai, the ousted regional Communist Party chief, endures in this southwestern Chinese megacity with its four-lane highways, expanding factories and hundreds of thousands of new apartment units. While Bo remains under house arrest in Beijing, longtime residents hail what they describe as the transformation during his four-year reign of what not long ago was a provincial, insular, inland city. For the most part, a new regional leader appointed by the central authorities appears to be moving cautiously for fear of antagonizing Bo’s many backers.