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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

S. Korea posts record-high forex reserves of $410.75-B

South Koreas foreign exchange reserves reached a record high of $410.75 billion in June, having gained $3.44 billion from May due to profits and investment returns from overseas assets and a weak dollar. The June...

International banks sue Argentine soy crusher for diverting funds

International creditor banks are suing Argentine soy crusher Vicentin of diverting hundreds of millions of dollars and have asked a US court to subpoena records as part of a lawsuit, including wire transfers and bank...

UK finance chief encourages dining out to assist economy

UKs finance minister Rishi Sunak encouraged people to dine out to protect jobs and help the countrys economy. Sunak, whose comments were published on the day the UK reopened its hospitality sector, noted that...

Japanese consumer businesses in S. Korea suffer 71% dip in operating profits

The operating profits of 31 Japanese consumer goods producers in South Korea plunged to 71 percent in 2019 on-year due to a boycott against Japanese products. Sales of the Japanese firms also dipped by 6.9 percent, with...

Emirates issues over $517 million in refunds, more reimbursements expected

Dubai-based carrier Emirates has processed nearly 650,000 refunds amounting to over $517 million over the past two months while operating a decreased number of flights on a limited network. According to Chief Commercial...

Politics

Resignation in protest of Ukraine's ex-central bank chief worries IMF

Yakiv Smoliys resignation in protest as Ukraines central bank chief due to systematic political pressure put at risk the countrys $5 billion economic assistance deal agreed with the International Monetary Fund (IMF) last...

Melania Trump is influential and has a sweet relationship with Donald Trump, Well-know hairstylist claims

Melania Trump has always been rumored to have a cold relationship with her husband, Donald Trump. She is also one of the famous personalities who receives many mean and hurtful comments that attack her character and most...

Donald Trump criticized: Ambassadors sold stocks as POTUS downplayed severity of pandemic

Until today, Donald Trump continues to get criticized for his administrations response to the coronavirus pandemic, and infamously, his own stance towards the pandemic. Recent reports have revealed that several ambassadors...

Donald Trump revelation: Appeals judge partially lifts restraining order blocking publication of niece Mary Trump's book

As Democrats continue to encourage others to register to vote and pushing for mail-in voting in the midst of the pandemic, former vice president Joe Biden hopes to protect the rights of Americans to vote. The Biden...

Donald Trump revelation: Appeals judge partially lifts restraining order blocking publication of niece Mary Trump's book

President Donald Trumps niece Mary Trump is set to publish her tell-all book that sheds more light on the Trump family. Following the temporary restraining order placed on both Mary Trump and publisher Simon Schuster, an...

Science

Astronomers spot two exoplanets interacting with each other's gravity

To see exoplanets interacting with one another is a very rare occurrence, but it is what astronomers were able to witness recently. Scientists were able to spot two exoplanets interacting with each others gravity deep in...

Expert claims the Bible is historically accurate using archaeological sources

The Bible is the most important set of texts in Christianity, but there has been some debate on whether or not the places and events mentioned in the scriptures are historically accurate. One expert claims that this is the...

SpaceX and NASA may team up again for upcoming Mars mission by 2030

This year marked the successful launch of NASA astronauts into space straight from US soil thanks to the collaboration between the agency as well as the private space agency SpaceX. The collaboration appears to continue...

Archaeologists find skeletal remains of inmates in former NKVD prison

Much like the horrific Holocaust, there was also the regime of Russian dictator Joseph Stalin that led to the imprisonment and killing of thousands of people, with millions more dying under his reign. A recent discovery...

Technology

Is the Pixel 4a launch imminent as Google discontinues the Pixel 3a series?

Google is no longer producing Pixel 3a and 3a XL units, reports found this week. The timing is interesting, especially since its successor Pixel 4a has been rumored to be announced this month. Pixel 4a release date in...

iPhone 12 could be delayed by four weeks to a couple of months but until 2021

The COVID-19 pandemic has undeniably rocked the tech world, and Apple was not exempted. A new report offers a more vivid look into the possible delays the company might suffer in terms of releasing the anticipated iPhone...

iOS 14: 4 best security and privacy improvements launching later this year

After countless reports of mobile apps and other entities covertly collecting peoples data through the devices they use, iPhone users should pay attention to the security and privacy features launching on iOS 14. Luckily,...

iPhone SE 2021 will keep the A13 Bionic and that’s fine

Reports have it that the new iPhone SE was planned to arrive in two models this year. However, Apple revived its mid-range smartphone lineup with just one variant last April. Later, there have been claims that the tech...
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