Courtesy: Lifeforex
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Gateway House spoke to Toshinori Doi, President, Policy Research Institute, Japan, on the sidelines of the Gateway of India Geoeconomic Dialogue, on the risks associated with digitising finance, the Belt and Road Initiative and dealing with Chinese market dominance
One of the priorities of the Asian Infrastructure Investment Bank (AIIB), which held its third annual meeting in Mumbai earlier this week, is to mobilise more private capital for infrastructure and support sustainable projects
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For the last fortnight, the world has been captivated by the events of the 19th National Congress of the Communist Party of China, which elevated Chinese President Xi Jinping to the status accorded to Chairman Mao. Xi Jinping has consolidated his position in the CCP, strengthened his hold over the country and provided a policy road-map for the next five years. 'Xi' Jinping Thought' is now enshrined In the Chinese Constitution just as firmly as was 'Mao Zedong Thought'.
Courtesy: Tribune
Beijing has its finger on the economic pulse of the country, demonstrating a responsiveness to criticism at home and abroad. It reveals a great deal about Chinese political priorities and societal changes, and offers a collective learning for investors and markets worldwide – and especially for India.
Courtesy: News Max
China’s credit-led growth is likely to lead to a fairly severe economic crisis in the next two or three years. Recent research suggests that the current tactics may boost short-term growth, but harm its long-term prospects. Time is running out for the country’s ambitious policy-makers
Courtesy: Gateway House
The Indian government may block the acquisition of Gland Pharma by Shanghai Fosun Pharmaceuticals, a move that offers further confirmation of how China’s opaque business model is causing concern worldwide. This infographic shows some high-profile cases of acquisitions by Chinese companies that ran into local opposition
Courtesy: Gateway House
The multi-polar world that BRICS nations seek is not a reality yet and the differences between them do exist. But the BRICS summit in September offers leaders an opportunity to examine a few important financial issues before they can dictate the global agenda
Courtesy: AFP
The Indian government must be commended for staying away from the Belt & Road Forum in Beijing this week on the basis of principled objections. However, the forum has robust global participation – 30 heads of state attended the meeting, as did the chiefs of the UN, World Bank and International Monetary Fund (IMF). India was the only country in the world that was invited, but refused to participate
China will be hosting the G20 Summit in Hangzhou on the 4-5 September 2016. Huang Wei, Director of Research, Department of Global Governance, IWEP-CASS, gave an interview on the sidelines of T20 Mumbai where she discussed how structural reforms can add energy to the world economy and help stabilise financial markets.
