By Zhang Jun Project Syndicate Many people are profoundly pessimistic about the Chinese economy’s growth prospects, owing to the emergence of massive debt, excessive investment, overcapacity, and so-called “ghost cities” since the 2008 global financial crisis. But these problems are not new. They have, in various forms, affected China’s economy since 1978, and were evident … Continue reading
By Sergei Kuznetsov in Minsk BNE Russia’s ruble currency crisis has spilled over the border and brought neighbouring Belarus to the edge of its own currency crisis. Russia has shied away from currency controls, but on December 19 Belarus’ central bank was not so shy and introduced a limited set of capital controls in response to … Continue reading
Here are the latest 2015 economic outlooks by Goldman Sachs for U.S., Japan, Europe, Asia, Emerging Markets, Latin America and China. The EMerging Equity Team would like to take this opportunity and wish all our loyal readers a Happy and Prosperous New Year! We hope your 2015 investment decisions are going to be more accurate … Continue reading
By Dmitry Minin The situation in the Middle East has aggravated recently. No doubt the things have gone bad for the United States, no matter this fact has been largely ignored by Western media. The further development of events may lead to drastic changes in the region giving an impetus to a new hike of oil … Continue reading
By Daniel Workman Representatives of Nicaragua’s government and the HKND Group broke ground on a new canal that will cross Nicaragua on Monday. Well, they broke ground on an access road required to move supplies to be able to build a new port along the Pacific; this port is required to be up and running … Continue reading
By Timothy Heath China’s decision to elevate in priority its relationship with its neighbors over that with the United States and other great powers, confirmed at the recently concluded Central Work Conference on Foreign Relations, heralds a major shift in its diplomacy. The decision reflects Beijing’s assessment that relations with countries in Asia and with … Continue reading
“The hell of human suffering, evil and oppression is paved with good intentions. The men who have most injured and oppressed humanity, who have most deeply sinned against it, were according to their standards and their conscience good men; what was bad in them, what wrought moral evil and cruelty, treason to truth and progress, … Continue reading
MasterCard and Visa have suspended service for Russian banks in Crimea, saying the decision complies with US sanctions. “According to the US sanctions imposed against Crimea on December 19, 2014, Visa currently cannot provide services and offer their products in the Crimea. This means that we can no longer issue or accept bank cards in … Continue reading
Saudi Arabia’s oil minister said OPEC wouldn’t budge on its decision not cut production, even if oil hits $20 a barrel. He also said the world may never see $100 a barrel ever again. “It is not in the interest of OPEC producers to cut their production, whatever the price is,” Ali al-Naimi told the … Continue reading
By Dmitry Minin Back to Roots: American Democracy and Slavery There have been many pretenders to world domination. They have all aspired to hegemony and claimed to have a unique mission to accomplish but each of them had special traits. What is the main specific feature of the American Empire to distinguish it from other empires … Continue reading