Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]
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Hong Kong: The discord between the Chinese government and the people of Hong Kong seems to be intensifying by the day. The people of Hong Kong who were protesting against the extradition bill since the last few days, openly expressed displeasure against the Chinese traders, on Saturday. The people of Hong Kong made an aggressive […]
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Beijing: The Chinese government has acquired the Baoshang bank that was heading towards bankruptcy. This is the first instance of the Chinese government taking over a private bank in the last two decades. This exposes the weakness of the Chinese banking sector, credit availability and economy, and these are indications of the beginning of a […]
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Washington: After declaring an emergency against Chinese companies in the field of technology, the United States has intensified the action further. The US trade department on Friday through its statement announced a ban on five Chinese companies, operating in the super computing sector. The United States has accused one of these companies to be connected […]
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Washington: A report published by Bloomberg, a leading financial institution in the United States revealed that the effects of the trade war between the largest and the second largest economies in the world would not be restricted only to the warring countries and the worldwide effects will become apparent. The financial institution has warned that […]
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Beijing: China has initiated steps to retaliate against the US action, to stop big Chinese companies, including Huawei. China has formulated new cyber law with a provision that the foreign companies, in the information technology sector, will have to assure national security. The US and European companies have accused the Chinese government,even in the past, […]
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Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]
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Beijing: President Xi Jinping appealed that the Chinese youth need proper political guidance and they need to be loyal to the ruling communist party for this. At this time, he also clarified that ruling communist party and the student movements in China, are closely connected. Only a few days ago, the Chinese government announced an […]
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Manila: The Malaysian President Mahathir Mohammad warned the Philippines that “If you are borrowing vast sums of money from China, beware of falling into its debt trap. The Malaysian President is currently on a visit to the Philippines and China was at the centre of the discussions he held with the Philippine President Rodrigo Duterte […]
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Beijing: Analysts have claimed that the challenges faced by Chinese President Xi Jinping are increasing because of the slide in the economy, trade war with the United States and the international criticism on the issues of Huawei and Xinjiang. Meeting of the ruling Communist party started on Sunday, and the parliamentary session is scheduled to […]
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