The Ministers agreed that Russia, India and China (RIC), as countries with important influence at international and regional levels and emerging market economies, need to further strengthen coordination on global issues and practical cooperation, in the spirit of openness, solidarity, mutual understanding and trust. They emphasized that cooperation between their countries is conducive to maintaining […]
China’s economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. Read Here – Reuters
In history, a hegemon is largely associated with the presence of international economic infrastructure. In the 19th century, the British hegemon underwrote the liberal international order in the form of free trade and gold standard. The liberal order was later re-established by the American hegemon, which has overseen the Bretton Woods system from 1945. By […]
Mr. Rajan, the governor of the Reserve Bank of India, has been honored with awards this winter for his role in helping to bring momentum back to the country’s economy. His unexpected interest rate cut on Thursday helped strengthen emerging market stocks around the world. At home, the view is less favorable, as Mr. Rajan […]
Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and […]
The internationalization of China’s currency is underway, albeit with some important hurdles still to clear. Read Here – The Diplomat
China’s economy grew 7.7 percent in 2013, overshooting the official target of 7.5 percent, But a shaky start this year, as shown in soft manufacturing activity, has put the focus on how the government will pace and sequence its overhauls while guaranteeing solid growth amid the world’s fragile recovery. Economic growth predicted for 2014 at […]
China’s $3.8 trillion of currency reserves are the largest stockpile ever amassed. Economists have long seen that money as a strength — the ultimate rainy-day fund should China’s shadow-banking system blow up. Trouble is, the value of those holdings depends on China’s $1.3 trillion of U.S. Treasuries. If they plunge in value, all hell breaks loose […]
Ben S. Bernanke says the headwinds that have held back the U.S. economy may be abating, leaving the country poised for faster growth as his tenure as Federal Reserve chairman comes to an end. Read Here – Bloomberg
looking beyond borders 