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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's leaders are strong and emboldened. It's wrong to see them as weak and insecure

Sep 09, 2020 06:29 am UTC| Politics Economy

Theres an emerging view that Chinas belligerent approach and torching of diplomatic relationships with the wider world is a sign of insecurity and weakness; that its economic growth is unsustainable; and that everyone in...

China Crisis Series

Chinese factory activity dip slightly due to floods

Sep 01, 2020 06:30 am UTC| Economy

Chinese factory activitys Purchasing Managers Index (PMI) slipped slightly in August to 51.0 from 51.1 in July due to widespread floods. The PMI, a key gauge of manufacturing activity in China, was also below Bloombergs...

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...

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Economy

S. Korean healthcare and cosmetics exports surge 42% in August

South Korea exported US$1.69 billion worth of pharmaceuticals, cosmetics, and medical devices in August, up 42 percent from a year ago. According to data from the Korea Health Industry Development Institute (KHIDI), the...

CaixaBank's acquisition of Bankia to create Spain's largest bank

CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...

Dubai’s DP World to work with Israel’s DoverTower in bid for Haifa Port

Dubai state-owned DP World is teaming up with Israels DoverTower in a joint venture that will bid in the privatization and to conduct a study on opening a direct shipping line between the two Middle East states. Haifa...

60% of pandemic-induced business closures in US become permanent

Yelp data revealed that 97,966 of the 163,735 business closures across the US due to the pandemic as of Aug, 31 wont be reopening. Permanent business closures rose 34 percent since Yelps last report in mid-July. Yelp...

S. Korea, Germany to boost energy ties towards economic recovery, climate goals

South Korea and Germany vowed via a virtual meeting to bolster cooperation in the energy sector towards the recovery of their virus-hit economies and helping each other achieve their climate goals. According to the...

Politics

Joe Biden: Campaign and Democrat committees gain financial lead

Former vice president Joe Biden and his campaign initially started off trailing Donald Trump in terms of cash reserves. But over the recent months and especially following the death of Justice Ruth Bader Ginsburg, the...

Melania Trump: Artist explains the meaning behind the new sculpture of FLOTUS

Previously, a statue of first lady Melania Trump in her home country of Slovenia was set on fire. Months later, the artist behind the first statue has created a new one, and recently explained the meaning behind the new...

Donald Trump: POTUS contradicts health officials, says COVID-19 vaccine will be ready in weeks

Donald Trump has often pushed for unproven cures to COVID-19 in light of the rising number of cases and his reelection prospects. Recently, Trump claimed that a vaccine for the coronavirus would be ready in a matter of...

Donald Trump: Former National Security Advisor warns Afghanistan peace talks will be unsuccessful

The White House has recently overseen peace talks and normalization of relations between Israel and other countries in the Middle East. However, according to the Trump administrations former national security advisor, the...

Science

Mars mission: Scientists find "worms" inside Martian meteor

NASA is gearing up for the future Mars mission that will take place over the coming years, with the Perseverance Rover already making a headstart after launching into space many weeks ago. With the search for signs of life...

NASA: Scientist says possible discovery of life on Venus needs further study

Venus is known for having an environment that is anything but hospitable, with extreme temperatures making the planet impossible to inhabit. But with the recent discovery of phosphine in the atmosphere, scientists have...

NASA detects Jupiter-sized planet orbiting a star 80 light-years away

NASA has spotted many exoplanets over time, but its recent finding was a first. For the first time, the agency has detected a giant planet orbiting a much smaller corpse of a star. The data from NASAs Spitzer Space...

Climate change: NASA study warns sea level rise by 15 inches if rate of carbon emissions continue

Climate change continues to become a concern as animals in the polar regions are slowly losing their homes, with carbon emissions playing a part in the warming temperatures. A NASA study has revealed the dire result of the...

Technology

Can ‘Rainbow Six Quarantine’ be released in 2020?

The launch of Rainbow Six Quarantine was delayed even before the COVID-19 pandemic leading to the delay of its release. However, a recent supposed leak seemingly suggested that the game would be released sooner than most...

‘Call of Duty: Black Ops Cold War’ beta tests kick off in October

The full release of Call of Duty: Black Ops Cold War is just around the corner. This also means that the annual beta tests before the games launch are also set. However, video game players should note that only those with...

‘Elder Scrolls 6’ may not be an Xbox-exclusive despite Microsoft’s ZeniMax Media acquisition

Microsoft kind of broke the internet on Monday after its plans to acquire ZeniMax Media -- Bethesda Softworks parent company -- was made public. There are plenty of popular IPs under the banners of ZeniMax and Bethesda,...

How Apple Watch SE compares to the flagship Apple Watch Series 6

The main star of Apples September event this year is not the new iPhone, but the latest lineup of Apple Watch. The biggest surprise, however, was that the Apple Watch Series 6 was not the only presented at the recent...

GoPro HERO9 Black: Everything to know about the new action camera

Joining the busy fall season for the consumer tech industry is the GoPro HERO9 Black. The new action camera has been announced and the improvements in its design, specs, and features would give fans to think about whether...
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