China’s in deep, deep trouble, and its new leaders know it. The growth of the nation’s GDP has continued to slow every quarter since late 2010—though it did tick up slightly in the state’s latest quarterly report, published in January. But that’s just one of many problems. In the simple words of D&B Country RiskLine […]
Russia is resuming the supply of advanced weapon platforms to China in a move that may have implications for India. At the end of last year, Russia concluded a framework agreement with China for the sale of four Amur-1650 diesel submarines. In January it signed another intergovernmental agreement for the supply of Russia’s latest Su-35 long-range […]
Read Here – The Economist
U.S. Treasury official Harry Dexter White is best known as one of the leading architects of the Bretton Woods system that shaped the global economy after World War II. But he was also a spy for the Soviet Union, providing secret information and giving advice on economic issues. Why did he do it? Newly uncovered […]
China could overtake the United States as the world’s largest oil importer earlier than expected, while US net oil imports continue to drop due to its booming domestic supply — a remarkable shift between the world’s two largest energy consumers. Read Here – China Daily
The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap. Read Here – Bloomberg
Oil and gas have long held the promise of untold riches for Southeast Asian countries. Yet, success in the region has been mixed: Brunei has flourished and Malaysia has seen steady progress, but Burma, Cambodia, the Philippines, Vietnam and East Timor have struggled to exploit their reserves. Read Here – The Diplomat
The US$1.92 billion settlement reached between HSBC and the U.S. Department of Justice this past December over allegations of money laundering by the global bank served as a stark reminder to all financial institutions: The penalty for breaking sanctions against Iran and other blacklisted nations would not only be severe, but even the biggest institutions […]
When Deng Xiaoping opened China’s doors to the world, he was quite clear in his message to his people: Do not challenge the American supremacy in any sphere. He needed Washington’s help for China’s journey to prosperity and recognition as a large power; to return the nation to what the Chinese considered to be their […]
It wasn’t Barack Obama’s doing — at least not fully. The crowds in Paris and Berlin, and the Muslims in Cairo and Karachi, eager to be done with President George W. Bush, took the new standard-bearer of American power as one of their own, a cosmopolitan man keen to break with the embattled certitude of […]
