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foreign policy and global economy

Archive for the tag “consumers”

Consumer Behaviour Radically Altered As World Retreats Into ‘Survival Mode’

Photo by Erik Mclean on Unsplash

The coronavirus pandemic has completely changed patterns of consumer psychology across the world, experts say. Complexity of the crisis, the number of variables and its magnitude make a consumer recovery unprecedented and difficult to predict.

Read Here – South China Morning Post

China Should Pay More Attention To India’s Increasing Manufacturing Competitiveness

On the whole, rapid economic expansion in India is a good thing for China as China’s consumer market matures, but Chinese manufacturers will inevitably face increased competition from Indian firms at the same time. As labor costs climb in China, Vietnam has become an emerging manufacturing nation, but China doesn’t need to panic. However, manufacturing development in a large country like India means more pressure on China. The increasing competitiveness from India’s manufacturing sector is a issue of strategic importance and deserves more attention.

Read Here – The Global Times

The Next Leap Forward For China

On June 20 of last year, two and a half months after disgraced former Chongqing Communist Party Chief Bo Xilai was dropped from the Politburo, another member of China’s elite 25-man decision-making body was all smiles in the southern city of Dongguan.

During a tour of the bustling factory city, one of the most overt symbols of China’s experiments with capitalism thus far, the then Guangdong province party chief Wang Yang waxed lyrical about his plans to tackle the province’s spiraling crime and economic malaise.

Read Here – The Diplomat

China and India’s Common Challenges En Route to Great Power

Global attention is increasingly turning towards Asia as the concurrent rises of China and India signify the nascent stages of the Asian 21st century. As part of this focus, greater reflection is being given to the standing that India and China have held in the past; their natural primacy as great powers in terms of demographics, economic clout and landmass; and how they look set to dominate global politics over the coming decades. Mixed up with these factors concerning their dual emergence are also expectations about what kind of powers they will be, and indeed what kind of powers they want to be. Here, deliberating what constitutes existing and historical great powers is important (a group typically including the United States (US), Russia, the United Kingdom (UK), China, Japan and India) but also whether their accreditation has been consistent or if it has evolved. Critically, we must better consider what exactly constitutes great power within international relations, and give further attention to how any such “greatness” can be measured. Despite China and India’s current high annual GDP figures, both states are facing myriad common challenges that may stall or annul their expected contemporary and future trajectories, something often overlooked in debates concerning a global shift from the West to Asia.

Read Here – The Foreign Policy Centre

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