SINGAPORE — Last week, leaders and officials representing more than three dozen countries from across the world gathered in Beijing for the second Belt and Road summit. The event marks the two-year anniversary since China first convened its flagship initiative to coordinate trillions of dollars of infrastructure across Eurasia and the Indian Ocean in a broad effort to recreate the old Silk Roads. One nation that was missing from the summit: The U.S.Story Continued Below The fashionable position in Washington today is to dismiss the Belt and Road Initiative (BRI) as a power play that won’t last—an attempt at neocolonial debt trap diplomacy, in which China uses unpayable debts to control less powerful states, that is ultimately destined to collapse under the weight of financially spurious projects. On the other hand, there are also those who view BRI as a serious threat—a sign of China’s continued quest for global hegemony and the presence of a new Cold War … [Read more...] about Washington Is Dismissing China’s Belt and Road. That’s a Huge Strategic Mistake.
Comparing india and china economy
(Reuters) - U.S. stock index futures edged lower on Wednesday, mirroring global markets, as the second U.S.-North Korean nuclear summit kicked off and fresh hostilities erupted between nuclear-armed neighbors India and Pakistan. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 25, 2019. REUTERS/Brendan McDermid North Korean leader Kim Jong Un and Donald Trump met in Hanoi, with the U.S. president saying he was not walking back on U.S. demands for North Korea’s denuclearization. Pakistan said on Wednesday it shot down two Indian fighter jets, a day after Indian warplanes struck inside Pakistan for the first time since a war in 1971, prompting several world powers to urge both sides to show restraint. “Tension between India and Pakistan is weighing on markets this morning ahead of a very busy day of events,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “We don’t … [Read more...] about Futures dip as Trump-Kim summit starts, India-Pakistan tensions flare
Jakarta, (ANTARA News) - Indonesia saw a deficit of US$2.43 billion in its trade with China in January 2019, up 32 percent from $1.84 billion in the same month last year, according to the Central Statistics Agency (BPS). The rising trade deficit resulted from the Chinese economic slowdown, putting pressure on Indonesia`s raw material exports to China, BPS Chief Suharyanto said here on Friday. "The Chinese economy is predicted to slow down in 2019 and this will have an impact on their need for raw materials and put pressure on Indonesia`s exports," he said. The share of non-oil/non-gas commodities to Indonesia`s exports to China was also down to 13.52 percent in January 2019 from 14.51 percent in the same month last year, he said. Indonesia`s non-oil/non-gas exports to China also declined from $1.92 billion in January 2018 to $1.71 billion in January 2019, with coal, copper, metal ore and steel recording the largest decline. Meanwhile, Indonesia`s oil and gas exports to China also … [Read more...] about Indonesia sees US$2.43 billion deficit in its trade with China
The global economy continued to slow in early 2019, according to the latest JPMorgan-IHS Markit Purchasing Managers Composite Output Index. Output grew at the slowest pace in 28 months. New work, price pressures and employment growth also eased while new export orders fell again. Had it not been for the United States, the result would have been significantly worse. Output, new work, price pressures and employment growth slowed while new orders from abroad fell for a second month. That’s the latest sobering report card on the health of the global economy with the JPMorgan-IHS Markit Purchasing Managers Composite Output Index fell to 52.1 points in January, indicating that economic activity continued to slow in early 2019. The index measures changes in activity levels across the global services and manufacturing sectors from one month to the next, surveying over 18,000 firms from 40 countries that account for an estimated 89% of global gross domestic product (GDP). A figure … [Read more...] about Yes, the global economy is still slowing down
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: 5G Is the New Arms Race With China DealBook Supported by Jan. 28, 2019 Good Monday morning. (Was this email forwarded to you? Sign up here .) Huawei and China’s role in 5G The next generation of computer and phone networks, known as 5G, is expected to connect cities around the world and fuel a future run on robots, autonomous vehicles, artificial intelligence and other technologies. But it may also rely on an infrastructure vulnerable to hackers and spies, one that the U.S. wants to stop China from building. The Trump administration has conducted a campaign to pressure allies such as Britain, Poland and Germany to banish Chinese companies, especially the telecommunications giant Huawei, from participating in the 5G buildup, according to the NYT: The administration contends that the … [Read more...] about DealBook Briefing: 5G Is the New Arms Race With China