ASIA: The Indian economy is poised to achieve 10.25 per cent GDP growth in FY 2021-22 on the back of effective government policies, Reserve Bank’s accommodative policy stance and improved business sentiments, industry body PHDCCI said on Monday. Last week, the Reserve Bank retained the GDP (gross domestic product) forecast for the current financial year at 9.5 […]

ASIA: China has been busy cultivating at least two new coal markets, Mozambique and South Africa, and expanding trade with smaller exporters, including Kazakhstan, Myanmar and Colombia. Cultivation has been underway since the start of the year, as domestic demand for coal-fired power rises acutely amid an electricity crunch and ban on the commodity from […]

ASIA: The US in cracking down on China to commit to phase one of the trade agreement made under the Trump Administration. China agreed to buy at least $200 billion in goods from the US between 2020 ad 2021. As of August, China had only reached 62% of their agreement. US Trade Representative Katherine Tai […]

ASIA: China remained on course to be more than 30% short of its 2021 commitments under the phase one trade deal with the United States with four months left, according to the latest analysis of trade data between the world’s two largest economies. The phase one trade deal outlined in the agreement mention that China […]

ASIA: China will likely fail in its bid to join the Comprehensive and Progressive Trans-Pacific Partnership, but its move to submit an application highlighted the lack of US economic policy in Asia-Pacific. CPTPP is an 11-nation mega-trade pact formed in 2018 after Donald Trump pulled the US out of the Trans-Pacific Partnership a year earlier. […]

ASIA: China’s Evergrande Group dollar bondholders were still waiting for information about a key interest payment due Thursday, with some holders having given up hope of getting a coupon payment by the deadline, Reuters reported. The property developer was instead expected to provide more information in the coming month, the news agency said. Evergrande was […]

ASIA: Chinese leader Xi Jinping said on Tuesday that China would not build new coal-fired power projects abroad, using his address at the United Nations General Assembly to add to pledges to deal with climate change. China has been under heavy diplomatic pressure to put an end to its coal financing overseas because it could […]

ASIA: Crisis-hit Chinese property developer Evergrande used billions of dollars raised by selling wealth management products to retail investors to plug funding gaps and even to pay back other wealth management investors, executives of the company said in a statement. Evergrande financial advisers marketed the products widely, including to homeowners in its apartment blocks, while […]

Any small businessman is always trying to improve his business and expand it to be more profitable. That seems to be a common trait but what you must understand is that the same human trait dominates the bureaucracies and it is dominant at the United Nations, et al. From the very beginning, those in the […]

ASIA: Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, Reuters reported. US President Joe Biden will host a first in-person summit of leaders of the “Quad” countries, which have sought to boost cooperation to push back […]