We all know China has a huge impact on the global economy, but an article in the Sydney Morning Herald shows how that impact has even been enough to help John Howard remain in office as Australia’s prime minister – until recently, anyway.According to Andrew Charlton, an Australian economist, Howard has claimed great success in keeping inflation, ...

The China Investment Corporation (CIC), the country’s US$200 billion sovereign wealth fund, is planning to create a consortium with domestic steelmakers to launch a counter-bid to Australia-based BHP Billiton’s US$150 billion takeover bid for mining company Rio Tinto, according to the South China Morning Post (subscription required). The Post was...