Worldcrunch
-Analysis- BEIJING — The numbers are decidely mixed. Year-on-year, China’s exports fell in September by 10%, which was a 0.5% further drop over August. Meanwhile, the National Bureau of Statistics showed that third-quarter Chinese GDP growth steadied to a solid 6.7%. But putting aside the short-term trend lines, the longer-term outlook shows alarming signs of […]
-Analysis- BUENOS AIRES — We’re now very much in the “hangover” stage, the proverbial “morning after,” as countries all over the world face painful adjustments now that the party years — when China’s booming economy fed a seemingly insatiable appetite for outside products — are finally over. While the pain may not be as intense […]
China’s recent currency devaluations have set off a series of economic consequences, both intended and otherwise. And the reach is more global than ever.
This week’s currency setbacks for the world’s second-largest economy have created a financial ripple effect across the globe, with stock market nosedives and raw material prices dropping to dangerously low levels.
Credit cards, ratings agencies and currency supremacy are some of the battlegrounds where Beijing and Moscow are teaming up to take on the West.
AFP, CHINA DAILY, THE ECONOMIC TIMES (India) Worldcrunch SHANGHAI — In a bold push to reform the world’s second-largest economy and open it to cross-border business, China will allow unfettered exchange of its RMB currency in the country’s first free trade zone, according to a draft plan AFP previewed Thursday. The Free Trade Zone is […]
-Essay- BEIJING – Recently, a fire killed seven children in a private orphanage in the Eastern Chinese town of Lankao. The woman who runs the Henan province orphanage, Yuan Lihai, called “Loving Mother” by locals, became a controversial figure overnight, even though she has cared for more than 100 abandoned children over the past 20 […]