Beijing’s creation of a new state-owned company to centralise China’s purchases of iron ore and other metal resources is unlikely to have much impact while markets are tight and prices are high, but it could …
Tag Archive for: "trade"
In the wake of the Cold War, as globalisation gathered speed, commentator Thomas Friedman observed that no two countries with a McDonald’s franchise had ever gone to war with each other. This led him to …
The deterioration in the global economic outlook in the face of multiple crises—including rising inflation, the war in Ukraine and autocratic belligerence, along with the requirement for urgent action to address the systemic threat of …
The virtual summit of BRICS leaders in Beijing late last month brought a slew of proposals to strengthen the group’s economic and geopolitical influence. Russian President Vladimir Putin unveiled a plan for a new reserve currency …
China’s trade surplus hit an extraordinary US$292 billion in the first five months of the year—more than double its pre-pandemic level—and its aggressive pursuit of export markets is likely to become a flashpoint in a …