After years of boosting global growth, developing economies now a major drag on world economy- It was only five years ago, but it feels like a different era. Roger Agnelli, the then chief executive of Vale, the Brazilian mining company, had just taken delivery of the first of an order of 35 Valemax ships, the […]
China
Iran and China Signed Goods-for-Oil Trade Agreement: Mehr News
Iran receives goods, services as payment for 65% of oil it sells to China, which pays cash for remaining 35%, Mehr news agency reports, citing Asadullah Asgarolladi, head of Iran-China joint chamber of commerce. Continue reading at: Bloomberg Business
What Happens When Everyone Is a Chinese Stock Market Genius
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market. […]
Opinion: Ensuring The World Bank’s Relevance
For decades, the World Bank stood alone in terms of size and influence in emerging market around the world— this is no longer the case. The world has changed considerably since the Bank first began to focus its lending and expertise on the developing world some 50 years ago. In the 1960’s, global capital markets […]
Japan rivals China in East Africa investment
Japan has upped the competition with China in aiding East Africa’s development after signing a US$275 million loan to fund Kenya’s second phase of the Mombasa port expansion, reports our Chinese-language sister paper Want Daily. The US$275 million loan is part of a US$546 million contract aiming to move along the 2020 projected completion date […]
Deal Set on China-Led Infrastructure Bank
China and 20 other countries signed a memorandum on Friday agreeing to create an international development bank that Beijing hopes will rival organizations like the World Bank. But some leading Asian countries refrained from joining the project, which the United States has been quietly lobbying against. Japan, Australia, South Korea and Indonesia were not represented […]
Japan, with one eye on China, asks what it can do for Africa
AFTER a recent controversial visit to Tokyo’s Yasukuni shrine — which commemorates Japan’s war dead and so houses the remains of war criminals from the Second World War — the “Samurai”, Japanese Prime Minister Shinzo Abe, confronted the “Chinese Dragon” head-on in Africa. Business Day