China has been witnessing the second biggest oil demand growth in the world over the past few years, just behind the U.S. But all this is set to change this year as India is set to overtake China, according to the research and consultancy group Wood Mackenzie. In 2018, Indian oil demand grew 4.47 percent ...
The Bank of International Settlements (BIS) is an organization comprised of central banks of various nations. Headquartered in Basel, Switzerland, its function is to facilitate financial cooperation between countries and ensure stability of the global economy. However, it has a very shadowy history involving the Nazis and enjoys privileges that give it power over the ...
Economic growth in China slowed again in the fourth quarter of 2018 as spillovers from both financial deleveraging earlier in the year and the trade dispute with the United States continue to weigh heavily on economic activity. Although policy easing is preventing the economy from decelerating sharply, growth will remain lackluster in 2019, hit by a ...
As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP by the third quarter of last year. This has made the International Monetary Fund (IMF) issue warnings to the world governments to control their debt levels and create enough buffers to protect themselves against a future ...
Australia’s Foreign Investment Review Board (FIRB) has adopted a stance that are no Chinese private companies that are free from Beijing’s control. Hence, FIRB is moving forward to treat all Chinese companies, whether they present themselves as private or not, as state-owned firms. The illusion of Chinese private companies A “private company” is an idea ...
After news of the Chinese manufacturing sector suffering a contraction in December broke out, the Australian dollar sank in response. Due to Australia’s high dependency on Chinese exports, many believe that the Australian dollar might suffer even more in the future. Declining Australian dollar China’s official Purchasing Managers Index (PMI) slipped to 49.7 in December ...
The trade war between the U.S. and China has been giving nightmares to businesses and governments in the emerging markets of Asia. Market experts feel that these developing countries might have to face the brunt of the global economic fallout in case both economic influencers decide to escalate the trade war. Short-term impact of the ...
India has been touted as the next superpower, destined to follow in the footsteps of other Asian countries — like China, Japan, and South Korea — to become a highly influential nation. However, the country faces some structural problems that need to be remedied before it can truly become a big player. What East Asian ...
A new Trans-Pacific Partnership (TPP) comprising 11 nations, dubbed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), came into force effective December 30, 2018. In countries like Australia, Canada, Mexico, New Zealand, Japan, and Singapore, the CPTPP is already in effect. Vietnam will soon follow on January 14. Peru, Chile, Brunei, and Malaysia will ...
China’s rapid growth over the past decades has been a topic of intense study for economic and political analysts all over the world. While some people admire how China turned a third world country into a major superpower within a short period of time, those who take a closer peek at the workings of Chinese ...
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