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Third world countries are not so third now, in last decade, emerging markets, led by China gained into prominence as a driver of global economy, contributing more than half of world's GDP and China in second place. In today's modern financial world, China can't just be ignored, however due to opaque nature of Chinese data and their secrecy, sighting true insight on the country remains a challenge. In this series, we at EconoTimes, take up the challenge to present our readers true, market moving insights.

China Crisis Series

China has a new way to exert political pressure: weaponising its courts against foreigners

Jul 02, 2020 15:58 pm UTC| Insights & Views

The death penalty is not uncommon in China. Authorities continue to execute thousands of people each year, more than all other nations combined. However, for Australian Karm Gilespie, convicted for drug-smuggling...

China Crisis Series

Indian trade body demands 'country of origin' info to identify boycotted Chinese goods

Jun 21, 2020 23:38 pm UTC| Economy

The Confederation of All India Traders (CAIT) wants every e-commerce portal to mention country of origin on each product being sold so that Indian buyers can avoid Chinese goods. According to the CAIT, which has...

China Crisis Series

China: victory over coronavirus will be heralded as boost for Xi Jinping's brand of Marxism

May 29, 2020 14:12 pm UTC| Politics

In the run-up to Chinas 13th National Peoples Congress (NPC) on May 22, the chairman of its Standing Committee, Li Zhanshu, said how important it was that the session was being held in the middle of the global coronavirus...

China Crisis Series

China's new coronavirus recovery strategy explained

May 25, 2020 12:30 pm UTC| Economy Politics

When Chinese Premier Li Keqiang delivered his annual report to Chinas national legislature on May 22, his focus was firmly on COVID-19. His 55-minute speech to the annual gathering of Chinas National Peoples Congress (NPC)...

China Crisis Series

Coronavirus: the blow to the Chinese economy could be felt for years

Feb 18, 2020 01:23 am UTC| Insights & Views Economy

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some...

China Crisis Series

Standard & Poor's cuts China’s rating to A+ citing higher financial and economic risks

Sep 21, 2017 10:22 am UTC| Commentary

One of the top global rating agencies, Standard Poor has downgraded Chinas sovereign rating by one notch from AA- to A+ citing higher financial and economic risks. With this action, SPs rating on China came at par with...

China Crisis Series

Moody's: China's shadow banking sector impacted by increasingly tight systemic liquidity

May 08, 2017 01:15 am UTC| Research & Analysis Economy

Moodys Investors Service says that liquidity in Chinas financial system is increasingly tightening, as stricter regulatory measures seek to constrain the growth of leverage in the country. At the same time, the...

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Economy

US imposes 25% duties on French goods in digital tax row

The US imposed 25 percent more duties on $1.3 billion value of French imports in response to Frances digital services tax. However, it is holding off from collecting the additional duties to allow further time to...

Chinese banks brace being cut off US dollar supply

Chinese banks are preparing contingency plans if US legislation causes them to be cut off from US dollars or lose access to US dollar settlements as a penalty for serving officials implementing the new national security...

Owners of multiple homes in S. Korea to be assessed with steeper taxes

South Korea will raise property ownership tax rates on people who own three or more homes from a range of 0.6 to 3.2 percent to a scope of 1.2 to 6 percent to curb housing prices. Companies with multiple homes will be...

Chinese banks asked to prepare for sharp increase in bad loans

Chinas financial regulator warned its banks to brace for a big jump in bad loans due to the pandemics effects, resulting in sharply slowing profit growth or profits decline. According to Chinas Banking and Insurance...

Singapore's Sembcorp Marine, GE bag deal for giant UK wind farm

Singapores Sembcorp Marine and its consortium partner GE Renewable Energys Grid Solutions have been tapped by German utility company RWE to supply the electrical transmission system for the Sofia Offshore Wind Farm. The...

Politics

Donald Trump: POTUS' former lawyer Michael Cohen brought back to jail

There have been a handful of aides of Donald Trump that was sent to jail, including his former lawyer Michael Cohen. In the midst of the pandemic, Cohen was ordered to be brought back to jail to continue serving his...

Donald Trump: Supreme Court rules POTUS's taxes to be released to Grand Jury

For a long time, Donald Trump has tried to evade the efforts to show his tax returns and his other financial records. Now it appears impossible for Trump to evade any longer as the Supreme Court ruled that it be released...

Melania Trump: FLOTUS visits the Mary Elizabeth House

First lady, Melania Trumps Be Best initiative, puts the overall well-being of children front and center. Recently, Mrs. Trump visited the Mary Elizabeth House to personally deliver some care packages to the staff and...

Melania Trump: New tell-all book reportedly 'thrashes the First Lady and here's its release date

Melania Trump will surely hug the headlines again once the new tell-all book about her is published. This can be controversial and filled with explosive claims since the author is the First Ladys former confidante who was...

Science

Paleontologists discover pocket-sized ancestor of the dinosaurs

Dinosaurs are more commonly believed to be large living beings, from being similar in size to a child to as massive as a house or even a small building. However, paleontologists recently discovered fossilized remains of...

Dilophosaurus shown in 'Jurassic Park' is more bird-like than lizard, says scientists

The Dilophosaurus was made famous through the Jurassic Park movie and is shown as having a similar appearance to a lizard. However, a new study finds that the actual Dilophosaurus did not resemble a lizard, but looked more...

NASA: Hubble Space Telescope detects a galaxy moving away from Earth

When it comes to galaxies, many often hear about these celestial objects merging with one another. However, the opposite is not heard about as much. Recently, the Hubble Space Telescope was able to witness just that, with...

New study suggests Cerne Abbas Giant actually dates back to the Medieval period

The Cerne Abbas Giant has been met with some debate regarding its history among archaeologists. Now, a new study suggests that the historic figure may not be as ancient as many may believe it to be. Researchers,...

Technology

‘PUBG Mobile’ Royale Pass Season 14 opens a week after update 0.19.0 is released

The highly anticipated patch 0.19.0 for PUBG Mobile has finally arrived, but not all features launching in this update were released on the first day. Some features, including a special training grounds in Livik, are...

‘World of Warcraft: Shadowlands’: Blizzard confirms release window in fall

Video game companies, for much of the first half of 2020, learned to adjust to new workplace setups due to the global COVID-19 pandemic. Even then, Blizzard Entertainment assures fans that World of Warcraft: Shadowlands is...

Poco M2 Pro: $200 smartphone with a quad camera and 33W fast charger

After months of leaks and speculations, the Poco M2 Pro has finally been announced by Poco India. Most of the expected specs and features have now been confirmed for the device, and so is the one caveat that some tech fans...

‘Cyberpunk 2077’: The role of Judy Alvarez and Evelyn Parker in V’s upcoming missions

Night City Wire has done its job of keeping the hype up for Cyberpunk 2077, but a welcome bonus was the unveiling of two non-playable characters named Evelyn Parker and Judy Alvarez. Online discussions prove their brief...
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