The most profitable sector of the Chinese economy, according to data from UBS. Mining. It is not even close. I presume that includes mining for oil. Remember that. I will return to it in a bit.A…

Oil closed above $58 a barrel on Friday. That’s kind of high. Kevin Drum nicely summarizes the range of explanations that have been put forward to explain oil’s recent rise. I tend to agree with h…

The CNOOC bid presumably is motivated by two things. One, Beijing has plenty of cash, and already holds more Treasuries than it wants, so it wants to diversify its portfolio. As I argued earlier, C…

August 17, 2005 – Council Fellow Julia E. Sweig, a leading expert on U.S.-Latin American relations, has been named the Nelson and David Rockefeller senior fellow for Latin America Studies and directo…