Chinese Economy – Trouble Brewing The early part of this decade seemed to usher in mixed signals for many major economies of the world. While Greece spelt a volatile Euro and a tumultuous European Union, the BRICS seemed all set to dominate. Brazil, Russia, India, China, and South Africa formed the BRICS bank to present […]
Tag: Economic situation of China
Oil Prices and the Global Economy
Oil is often referred to as Black Gold and with good reason. Oil has powered the industrial and transportation growth for the last 100 years ever since the discovery of oil at the Spindletop geyser in Texas in 1901. Although oil has been around for centuries, its commercial exploitation was triggered by the Spindletop discovery. […]
South China Sea Dispute
The South China Sea has two chains of islands, Paracels and Spratlys, which is claimed by several sovereign states of the region including the People’s Republic of China, Philippines, Vietnam, Malaysia, Indonesia, Brunei, and Taiwan. The dispute involves territorial and maritime claims and is behind growing tension in the region. South China Sea Dispute Summary […]
China – The Present Situation
China is the biggest economy in Asia, a region which also has other economies such as India, Japan, South Korea, etc. that are doing reasonably well. However, its recent slowdown has had some major effect on the overall economy of the country. This is borne out by the reducing profits of the various companies and […]