As the power transfer begins in Beijing, Kent Deng with the London School of Economics explains it to CNN.
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Expert: Fiscal cliff will be avoided
Tax hikes and spending cuts may come into force in 2013. Jeffrey Sachs of The Earth Institute talks about the challenge.
Iranian jets fire on U.S. drone
Two Iranian fighter jets fired on an unarmed U.S. Predator drone in the Persian Gulf last week, Barbara Starr reports.
O’Neill: Excited about China’s future
Goldman Sachs Jim O’Neill is encouraged by Hu Jintao’s comments and suggests Barack Obama put growth above politics.
‘Fiscal cliff’ could bring recession
CNN’s Richard Quest says if the U.S. goes over the „fiscal cliff,” it could plunge into a recession.