India and China are aiming to raise their bilateral trade to $100 billion soon. If they want to take their relationship forward, they need to bury the ghosts of Mao Zedong and Zhou Enlai – the Chinese leaders who launched the war on India — and look to the future. There is enough room in […]
As Xi Jinping and China’s other new leaders begin their tenure, Beijing‘s behavior strongly suggests that although they may have strategic goals, China has no strategy for achieving them. Beijing continues to follow a development model it has outgrown and pursues an assertive, zero-sum foreign policy that is counter to its long-term interests. Read Here […]
Shinzo Abe is making the first visit to Russia by a Japanese prime minister in a decade, seeking to shift an almost seven-decade-long stalemate over disputed islands and win more access to energy resources. Abe is visiting Moscow for three days at President Vladimir Putin’s invitation and plans to meet the Russian leader today to discuss energy, trade […]
At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected. While the data were hardly devastating relative to a consensus forecast of 8.2%, many (including me) expected a second consecutive quarterly rebound from the slowdown that appeared to have ended in the third quarter of 2012. China […]
For all those who had been expecting it, this is it: Italy’s Third Republic began on April 20, 2013 with the re-election of 88-year old Giorgio Napolitano as president. If you believed that the new republic had already started with the nomination of Mario Monti as prime minister in late 2011, you are mistaken. Monti was […]
It is not entirely clear yet when and how the Cyprus banking crisis will be resolved. But what is clear is that numerous institutional and individual Russian clients of at least two of Cyprus’ largest banks will incur serious losses because of frozen and lost assets. What lessons for the future can be learned already? The Cyprus banking crisis revealed just how deeply Russian business […]
India should negotiate with China to open the ancient trade route for mutual gain. India enjoys historic popularity with the people of Central Asia and Xinjiang. Most of the merchandise sold by Pakistani traders across the border in China is of Indian origin. The economy of Ladakh, which has traditionally depended on trade, would thrive […]
Fifty years ago, Burma, Sri Lanka, and the Philippines seemed ready to bloom economically. Each was blessed with an excellent resource base and a strong export sector. Burma was the world’s leading rice exporter, Sri Lanka one of the leading exporters of tea (it became the leading exporter in 1965), and the Philippines the second-largest sugar exporter […]
Since Greece’s insolvent-grade financials first came to light, Europe has consistently and reliably emanated ripples of distress across the Atlantic. Recall the mini-panic of 2011, with its big selloffs in global markets. And periodic fears about the endearingly named PIIGS—Portugal, Italy, Ireland, Greece and Spain—sneezing their malaise onto France and beyond. Then there’s the latest bank-run-that-wasn’t out […]
Saudi Arabia’s Nitaqat law, designed to localize labor, could cost hundreds of thousands of expatriates their jobs. The prospect of unemployment and even deportation has triggered a wave of anxiety among Indian expatriates in the desert kingdom. Read Here – The Diplomat
looking beyond borders 