Sino-US economic and trade relations are the most powerful proof of the win-win and interdependent nature of bilateral relations. But the good momentum that has been achieved has also encountered some obstacles because some people in the US always want to politicize the relationship and Washington has been maintaining restrictions on high-tech exports to China. […]
Why is gold plunging? The most important factor is that global inflation is falling, reducing gold’s value as a hedge against rising prices. Gold bugs who were betting on an outburst of inflation are scrambling to reverse their bets and exit their gold positions at any price. Read Here – Bloomberg
At the end of the Second World War, an anonymous pamphlet surfaced in the seminaries of Qom, the bastion of Shia learning. The Unveiling of Secrets accused Iran’s monarchy of treason…It’s unlikely that anyone outside Qom read The Unveiling of Secrets; even inside the seminaries few would have embraced its programme. Yet just three decades later the pamphlet’s […]
Last month’s coup d’état in the Central African Republic (CAR), in which the northern-based group Séléka fought its way into the capital Bangui and overthrew President François Bozizé, is yet another destabilising development in a country which has had a troubled and violent modern history. Read Here – The Hindu
Even so, it’s time for Australian leaders to stop complaining about the unfairness of the situation and start addressing the real weaknesses in their underlying economy. For years now, theirs has been, as the title of Donald Horne’s 1964 book had it, a “lucky country.” Arguably, no developed economy has benefited more from the reforms […]
First, and most importantly, while Obama seems willing to go to war with Iran, if he feels he must, he appears far from eager to do so. When George W. Bush talked about finding a peaceful solution to America’s stand-off with Iraq, one that would not involve regime change or the use of force, it […]
Every third person in an Indian city today is a youth. In about seven years, the median individual in India will be 29 years, very likely a city-dweller, making it the youngest country in the world. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic […]
Global military spending fell for the first time since 1998 despite spending increases in Russia and China, according to the Stockholm International Peace Research Institute’s (SIPRI) annual report,which was released on Monday. “Global military expenditure fell in 2012, to $1753 billion, equivalent to 2.5 percent of global gross domestic product (GDP). Although the fall was only 0.5 percent […]
Fitch Ratings downgraded China’s long-term local currency debt one notch, from AA- to A+. The primary reason for the move was the country’s too-rapid expansion of credit, one of the “underlying structural weaknesses” the agency cited in its announcement. Many analysts in fact think the debt resulting from then Premier Wen Jiabao’s borrowing binge, which began to accumulate in earnest […]
North Korea celebrated the 101st anniversary of its founder’s birth with flowers on Monday, although there was no sign of tension easing as South Korea warned that the North’s survival could be in question without change and development. Saying it with The North has threatened for weeks to attack the United States, South Korea and Japan after new U.N. […]
