Bangladesh is one of the world’s poorest countries with a high population density.Carved out of erstwhile Pakistan,this predominantly Muslim country faces huge poverty like other countries in South Asia.It has very little natural resources and its human capital is also quite poor.The Textile industry is one of the biggest industries with $12 billion in annual […]
First the European Union raised an alarm over shortage of 14 materials used in new age Green Industries most of which are found in China.Now the US is thinking of taking over the issue from the EU as it mulls options to take the case to the WTO ( World Trade Organization).China has 97% of […]
China’s Central Bank Statement which signaled more flexibility in yuan’s fixed exchange rate to the dollar led to a major market rally in commodities ,emerging markets and even the US markets for a short while.However the euphoria that the currency appreciation would solve the global problems is quite delusional to say the least.Yuan reforms first […]
Language of Money papers over Rio Tinto tensions Australia has rolled out the proverbial red carpet for visiting Chinese leadership signing billion dollar agreements on mutual Trade and Investment.China will invest in Australia’s resource and transportation sector making it easier for resources to be exported to China.The Chinese speaking Australian PM reportedly entertained the visiting […]
China is planning to increase control of rare earth minerals mined in its territory after cracking down on illegal exports of these minerals.These minerals form an essential part of new Green Equipment used in Wind Energy,Batteries,Electric Vehicles,LEDs and Solar Energy.China has more than 95% of the world’s deposits of these rare earth minerals.It plans to […]
China’s Central Bank had released a statement on Yuan Reform seeking to defuse international pressure.The statement which rambled about recovery,BOP,world macro situation,yuan history had a brief line about proceeding with currency reform.Even this one line had the US and IMF praising China for moving ahead to correct the yuan’s depreciated value against the US Dollar.I […]