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Archive for the tag “Economy”

Chinese Premier Li Keqiang Rejects Claims Beijing Is Trying To Buy Global Influence

Chinese Premier Li Keqiang rejected suggestions that China was leveraging its economic strength to gain political influence on the world stage…The United States, Germany, India and Australia have all raised concerns about China’s growing influence, which has expanded significantly through its trade and infrastructure development plan known as the “Belt and Road Initiative”.

Read Here – South China Morning Post


Addressing the Dark Side Of The Crypto World

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries. The possible benefits have even led some central banks to consider the idea of issuing central bank digital currencies. Before we get there, however, we should take a step back and understand the peril that comes along with the promise.

Read Here – International Monetary Fund

Fresh Prince

At only 32, MBS is already the most powerful figure in contemporary Saudi history, having sidelined other members of the ruling family with the full support of his father, King Salman. His concentrated authority and evident will to shake up the system make it possible for him to do great things. But he has also removed the restraints that have made Saudi foreign and domestic policy cautious, conservative, and ultimately successful amid the crises of the modern Middle East.

Read Here – Foreign Affairs

How Long Will the World’s Most Powerful Leaders Last?

The international pecking order is usually defined by economic and military might. That puts the U.S. at the top of the pile, with China gaining fast in second place. But when it comes to tackling long-term global challenges such as climate change, poverty or peacemaking, it’s also vital to identify which leaders are likely to stick around.

Read Here – Bloomberg

Xi Set To Rule China For Life As Parliament Scraps Term Limit

China’s rubber-stamp parliament allowed President Xi Jinping to rule indefinitely, perhaps for life, as it ratified a contentious constitutional amendment to abolish the two-term presidential limit, making him the most powerful leader since Chairman Mao Zedong.

Read Here – Business Line

Also read: Chinese President Xi Jinping confident and relaxed as lawmakers vote to remove term limit

An Indian Nightmare

Predictions of a coming Indian golden age are typically based on two trends. The first is urbanization. Between 2010 and 2050, India’s urban population will grow by as much as 500 million—the largest projected urban population growth in world history. Historically, urbanization has been linked with rising literacy, the establishment of a middle class, economic dynamism, and increasing cosmopolitanism.

Read Here – Foreign Affairs

There’s Nothing Shocking About Xi’s Rise

The expectation that China would amicably integrate into a global order defined by the West, and radically transform itself in the process, was always wishful thinking. Writing about Britain’s handover of Hong Kong to China in 1997, New York Times columnist Nicholas Kristof wondered if China was inheriting “a colossal Trojan horse” that over time would bring down the Beijing regime.

Read Here – BloombergView

Strongmen Are Weaker Than They Look

When Muammar al-Qaddafi came in from the cold in the mid-2000s, the “mad dog” of the Middle East embarked upon top-down reforms that were friendly to international markets, investors, the United States, and Europe. Although he became the subject of sympathetic profiles in major Western media outlets, those articles almost never emphasised the fact that the new Qaddafi continued to rule Libya as the old one did — with violence.

Read Here – Foreign Policy

The Real China Challenge: Imperial Overstretch

Fortunately for America and contrary to Washington conventional wisdom, the mighty-looking Chinese state is, in reality, particularly vulnerable at this moment. For one thing, its slowing economy is on the verge of a debt crisis. At the same time, Beijing, largely because of the expansive vision of its ruler, Xi Jinping, is overstretched.

Read Here – The National Interest

China will scrap limit on presidential term, meaning Xi Jinping can stay on

China will remove the constitutional restriction on the maximum number of terms the president and vice-president can serve, Xinhua reported, paving the way for President Xi Jinping to stay on beyond 2023.

Read Here – South China Morning Post

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