Fueled by a huge surge in government “mini-stimulus” lending in the second half of the year, China’s GDP increased by a higher-than-expected 7.7% for 2013 (link in Chinese) according to the National Bureau of Statistics. That might sound like a good thing, but it’s not: essentially the government freaked out at the prospect of missing its 7.5% target, and overshot […]
See how it panned out: Whodunnit – Indian Express A Conference of Banquo’s 3 Ghosts – Asian Age Sting In The Tail – FirstPost Kindness Of History – The Telegraph, Kolkata
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output. Read Here – Bloomberg
The U.S. unemployment rate fell to 7 percent in November, the lowest since November 2008, raising questions about how much longer the Fed will keep fueling the economy with monetary stimulus. Read Here – Businessweek Let It Ride – The Economist
It is the new new normal: a way to describe the persistent state of subpar economic growth plaguing developed nations. Read Here – Bloomberg
Since 1976, the US dollar’s role as an international currency has been slowly waning. International use of the dollar to hold foreign-exchange reserves, denominate financial transactions, invoice trade, and as a vehicle in currency markets is below its level during the heyday of the Bretton Woods era, from 1945 to 1971. But most people would […]
India’s rise has been accompanied by friction both at home, as a growing middle class pushes for economic security, and abroad, as rivals China and Pakistan jockey for influence. This World Politics Review special report looks at India’s obstacles and opportunities as its seeks its place in the Asian century. Read Here – World Politics […]
President Barack Obama pledged an aggressive expansion of U.S. efforts to draw foreign investment by clearing away red tape and having U.S. diplomats court investors who want to break into the market. Read Here – Reuters
Shuanghui International’s $7.1 billion purchase of US pork giant Smithfield was a US milestone for many reasons. Not only was it the biggest investment ever by a Chinese company, it also was proof that the US government could make impartial decisions about Chinese investment. And it meant that 70,000 US workers are now in the employ of […]
The day Asian leaders have long dreaded is here: The era of rapid growth is over. It has taken five years, but the fallout from what Asians call the “Lehman shock” is finally hitting gross domestic product and living standards, writes William Pesak Read Here – Bloomberg
looking beyond borders 