Beijing – India used BRICS summit to outmaneuver Pakistan and presented itself as a shining star in this summit, claims the Chinese state-run daily ‘Global Times’. At the same time, the article in ‘Global Times’ also noted that the confidence of India, progressing at an excellent growth rate, is on the high, when the global […]
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Beijing :Increasing debt, high dependence on government policies and financial aids, over-capacity production in the industrial sector are some of the factors that may have a negative impact on China’s economy; according to International Monetary Fund (IMF) report. IMF has indicated that if suitable economic developments are not done, China’s GDP could see a drop […]
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“It was rules, not China that prevented India’s NSG membership. Ten members opposed India’s entry to the NSG. But spoilt by the West, self-centred and self-seeking India just refuses to go by the rules. Moreover, it is only to contain China that the US is cosying up to India” says an article in the ‘Global […]
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London – Increased tension due to global geopolitical activities and signs of economic recession has caused central banks to turn their stance towards gold, which is considered a safe investment now. In the first nine months of 2023, central banks have purchased more than 800 tonnes of gold. According to the information shared by the […]
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Washington/Beijing – The top US newspaper has claimed that the model of economic progress that took China to become the second-largest economy in the world is over. The data revealed in the last few months confirm that the Chinese economy, which has maintained the pace of economic growth for nearly four decades, encompasses various crises. […]
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Washington/Beijing: The World Bank has said in its new report that against the backdrop of consistent Corona outbreaks and the strict Zero Covid Policy imposed against it, there has been an upheaval in China’s economy, which impacts the economic growth rate. According to a report, China’s economy will fall by 2.7% in 2022. Besides, the […]
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Washington: The outbreak of Corona and the ‘Zero Covid Policy’ adopted by President Xi Jinping have terribly affected the Chinese economy. Thus, the Chinese economy may grow only by 3% this year. Subsequently, the country may not be able to achieve the target of a 5.5 per cent growth rate this year set by the […]
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Vienna: Crude oil prices have once again gone past $100 per barrel after the Organization of the Petroleum Exporting Countries (OPEC) and other oil-producing countries signalled to cut oil production. This is coupled with looming uncertainty over the Iran nuclear deal. Analysts have warned that if OPEC Plus cuts oil production, the oil prices will […]
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Brussels: Due to the Russia-Ukraine conflict, the energy crisis in Europe is intensifying. This has put pressure on the Euro. On Tuesday, the Euro fell to a two-decade low against the US dollar. US financial institution Citibank has predicted the Euro would slide further in the coming times. Analysts claimed that the further fall in […]
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Beijing: China has started importing Gold on a huge scale from the international markets. China purchased 180 tonnes of Gold in June and July. 107 tonnes of Gold were imported in June and 80 tonnes in July. China is the biggest producer and importer of Gold in the world. Moreover, the Coronavirus outbreak, Real estate […]
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