International Monetary Fund (IMF) Managing Director Christine Lagarde said on Sunday that the Chinese yuan “clearly belongs” in the Special Drawing Rights (SDR) basket and that the IMF would work with China to that end, Bloomberg reports. “Timing is something that we will be discussing amongst ourselves but I think we welcome this introduction,” Lagarde said. … Continue reading
By Aurangzeb Qureshi In recent years, China is slowly returning to its former glory as the “Middle Kingdom” as it was once was during the 6th century. Unlike the isolationist China of the past, President Xi Jinping’s China is a resurgent dragon looking to connect with the rest of the world. In other words, China is … Continue reading
By Pepe Escobar, Asia Times What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between”) – graphically illustrates the key foreign policy initiative of the new Chinese dream. In the upper part of the four-stroke character – which, symbolically, should be read as the roof of a house – the … Continue reading
Members of the Association of Southeast Asian Nations (ASEAN) have finalized the ASEAN Banking Integration Framework (ABIF), which will allow the countries’ banks to enter into reciprocal bilateral agreements, Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, the Governor of Malaysia’s Central Bank, BNM (Bank Negara Malaysia), announced on Saturday, Malaysia’s Bernama news agency reports. The new banking framework, or … Continue reading
The transportation of containers by rail could grow substantially in China, particularly if the nation continues to adopt operating practices and regulatory reforms that have boosted the development of the North American rail network, according to a new research paper from The World Bank. Measures that include the ability of rail operators to tailor service offerings that … Continue reading