"Poor countries are believed to be trapped in a vicious circle of poverty where low incomes lead to low savings and insufficient resources for investments. Foreign aid is supposed to boost investment and link poor countries to a virtuous circle of growth. But real per capita growth has not been...

"The trade politics of EU-China commercial relations have sharply deteriorated in the last year. Obsessed by the EU's trade deficit with China, European leaders have become shrill and confrontational in their approach. China has contained its irritation over the EU's China-bashing, but has...