India’s prime minister has asked for his country’s forgiveness after imposing a sweeping lockdown that he said had hurt millions of poor people. Criticism has mounted over the lack of planning ahead of the coronavirus shutdown, which was introduced with less than four hours’ notice. Many of India’s 1.3 billion citizens have been left jobless and hungry. Tens […]
To present and future Chinese leaders, managing economic change while maintaining social stability is much more important than figuring out how to respond to the social media rumblings of a sitting US president. For an economy as much as an individual, too much of a good thing can be detrimental. In the run-up to the […]
After overcoming significant political and economic headwinds during the past decade, the US economy now appears to have undergone its longest sustained expansion in history. Yet, behind the data showing historically low unemployment and long-awaited wage growth lie vulnerabilities that cannot be ignored. Read Here – Project Syndicate
The economic news is impressive: the lowest unemployment rate since 1969 and 3.2 percent economic growth in the first quarter. For President Trump, it raises the possibility of running an upbeat, Morning in America-style reelection campaign, like Ronald Reagan did in 1984. Except for one thing: Trump is congenitally unable to keep it sunny, or […]
China’s added GDP last year exceeded the value of Australia’s total output, the country’s statistics agency said as it sought to highlight the country’s economic resilience. In 2018, China’s economic growth rate slowed to the lowest level in 28 years – a fact that has fanned concerns about the country’s economic outlook. Read Here – […]
Africa must industrialise to diversify away from natural resources and create jobs for its fast-growing young population. And by boosting intra-continental trade, consumption, and investment, regional integration can be a strong vector for improving productivity, building manufacturing powerhouses, and developing credible African brands. Read Here – Project Syndicate
The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year on year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the […]
Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India’s ruling party is doubling down on Prime Minister Narendra Modi. Four-and-a-half years after crushing the Nehru-Gandhi dynasty’s latest scion as he swept to victory, Modi still cultivates his image as a diligent, incorruptible son-of-a-tea-seller who strives to make India a prouder, […]
In the past, English was the sole language of upward mobility in Pakistan, both a relic of British colonial rule and a means of accessing Western markets, educational institutions, and jobs. Now, Mandarin has become the “hot new trend,” said Abbas, the Mandarin instructor in Gilgit…In Pakistan, the growth in Mandarin-language learning has been fuelled […]
The sea change in consumer behaviour has apparently worried Beijing. In September, China’s cabinet pushed for supportive mechanisms to boost consumption, following its move in August to raise the threshold for collecting income taxes to 5,000 yuan per month from the previous 3,500 yuan. Read Here – Nikkei Asian Review
looking beyond borders 