The Dollar Still Dominates
The centrality of the U.S. dollar in world affairs is mainly determined by economic factors, but geopolitical forces are threatening to weaken its top spot in the currency hierarchy. Read More Here
Tag: financial market
The New Asian Bank Becoming A Reality
China says that 30 countries have been approved as prospective founding members of the Asian Infrastructure Investment Bank (AIIB). Read Here – Xinhua
Britain Is Now A Developing Country
Britain is a rich country accruing many of the stereotypical bad habits of a developing country. Read Here – The Guardian
How Is A U.S. Shutdown China’s Gain?
Last week as the U.S. Federal Government shut down, President Obama canceled his planned trip to Indonesia and Brunei, where he was to have attended the Asia-Pacific Economic Cooperation (APEC) forum in Bali. Some foreign policy analysts have argued the canceled trip will inflict serious damage to the United States’ position in Asia. Read Here […]
China And Its $6 Trillion Infrastructure Funding Plan: Reuters
China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country’s urban rich and rural poor. The Party aims to bring 400 million people to cities over the next decade as the […]
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