Throughout the history of capitalism, economic bubbles have been commonplace. They have emerged wherever liquid financial markets exist. The range challenges the imagination: from the iconic tulip bulb bubble, to gold and silver mining bubbles, to bubbles around the debt of newly established countries of unknowable wealth, to — again and again — real estate […]
China just released a host of encouraging new financial data, leading some analysts to conclude that the nation’s economic problems are “bottoming out.” Don’t take that for granted. China is famous for making up important economic numbers to mask serious problems—or to present a “harmonious” picture for its society and the world. Read Here – WorldAffairsJournal
To be sure, Chinese leaders would prefer balanced high growth to low growth. However, the current leadership is aware of the enormous risks of allowing highly distorted growth to continue. Since 2008, Beijing has maintained growth with a massive injection of credit, much of it invested in speculative real estate, excessive industrial capacity, and infrastructure […]
Southeast Asia, so long a byway of the world economy, has become a well-worn path for foreign investors seeking refuge from the continuing after-effects of the global financial crisis. They have come because the region has been surging ahead over the last few years, even as the West slumped, China readjusted and India stuttered. Read […]
Observers say he is a sure thing. His party hopes he is. In what is a three-way competition, Mongolian President Tsakhia Elbegdorj will be seeking to retain power in the presidential election scheduled for June 26, keeping his Democratic Party the dominant force in government at least until the next legislative election. Read Here – […]
An inconvenient fact is that Indonesia’s economic growth is mainly driven by a commodity boom fuelled by China’s appetite for raw materials and global demand for biofuels. China’s enterprises are building bullet trains while Indian car– and IT-companies compete around the world. Indonesia, all the while, manufactures…essentially nothing. Most international manufacturing companies have moved on to greener […]
Chinese tourists may be flocking to Europe in record numbers, but now they can see some of the continent’s top historical attractions without ever leaving the People’s Republic. The Alpine village of Hallstatt, Austria, (a UNESCO World Heritage site on the picturesque shore of the Hallstätter See) has been re-created in full-scale replica in Boluo, in southern China. Complete […]
When most people think of British-Russian relations, they imagine Bond films, iron curtains, Cambridge double agents, irradiated dissidents, and billionaire oligarchs who dress like Evelyn Waugh but behave like Tony Soprano and then sue each other in London courts. But there’s another element underwriting this not-so-special relationship. British elites, elected or otherwise, have grown highly susceptible […]
Default became a dirty word in the United Arab Emirates after 2009, when Dubai World requested a six-month delay on payments on US$26 billion in debt. So much so that when UAE energy company Dana Gas this month missed repayment on a US$920 million Islamic bond, local press hesitated to label it as a default. […]
On Wednesday, tens of thousands of landless farmers lined up in Gwalior, a city in northern India, and started a very long walk. Under a flapping canopy of green-and-white flags, demonstrators from several Indian states vowed to spend the next three weeks marching over 320 km from this fort town to New Delhi. They are […]
looking beyond borders 