9th BRICS Summit: Managing multipolarity of multipolarity
The five BRICS (Brazil, Russia, India, China and South Africa) represent no less than 4 billion people or 42% of the world’s population, and even more regarding their contribution to the global economy since their...
China export growth falters amid rising yuan
Chinese policymakers are beginning to worry about a rallying currency that is putting pressure on the country’s exports. Figures for August show slower-than-forecast growth, which has also been hit by weak global demand. According to...
BRICS leaders meet in China to forge new path
An annual BRICS summit in China has kicked off with the emerging market bloc in need of direction. The five members are divided as they face political and economic troubles. Chinese President Xi Jinping on...
Trade growth faltering in Germany and China
Two of the world’s biggest trading nations saw both exports and imports cooling lately. While Chinese trade growth in July slowed significantly compared with June, German exporters even suffered a surprise decline. According to fresh...
Is India turning its nuclear focus toward China?
India’s nuclear policy is now believed to be placing a greater emphasis on China instead of focusing on archrival Pakistan. But this is not to be mistaken as a shift in the nation’s nuclear doctrine,...
Chinese PM Li defends free trade, promises more reforms
Chinese Premier Li Keqiang has hailed the benefits of globalization, stressing that free trade is a “precondition of fair trade.” Li also said China can control growing financial risks and hit this year’s growth targets....
Reading street lights
Has India’s economic development led to convergence or divergence? One answer can be obtained from inequality. The Gini coefficient of per capita expenditure was 0.35 in 1951 and 0.34 in 2010 – hardly any change...
Manufacturing Might Come Back to the US, but Robots will Get the Jobs: Apple CEO
Apple will invest in and promote “advanced manufacturing” in the US, CEO Tim Cook told CNBC’s Jim Cramer on Wednesday after the somewhat uninspiring earnings report. It was one of the ways Apple would create...
Why coal companies want Trump to stay in the Paris climate pact
Fossil fuel firms fearing that America will lose influence in shaping the global climate regime are urging Trump to keep a seat at the table. Climate activists can’t agree on whether it’s better to have...
Tianhe-3: China says its world-first exascale supercomputer will be ready by 2020
China already holds the two fastest supercomputers. Now it hopes to knock the USA off the third spot with the first ever exascale machine. Tianhe-3 will handle one quintillion calculations per second. Fast isn’t the...
China breaks promise of cuts to steel capacities
A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global crisis in the...
Trade is Trump’s Centerpiece
Investors are anxiously awaiting more details on the new US Administration’s economic policies and priorities. Part of the challenge is that the cabinet represents a wide range of views and it is not clear where...
