Analysts have hailed the emergence of a multipolar world after years of the US as the primary hegemon in global politics. With Russia and China flexing their muscle, and other powers such as Turkey growing in strength and influence at the expense of an increasingly paralyzed European Union, there has been a growing sense that the global tide has begun …
Sino-Japanese Relations: Is the Door Creaking Open?
Japan has announced that its foreign minister, Fumio Kishida, will be visiting China; the first visit by a senior foreign policy official in nearly five years. At a time of increased tensions between the two nations over the Senkaku islets and Diaoyu Islands, as well as Chinese ‘expansionist’ policies and Japan’s security bill permitting it to use preemptive force, the …
OPEC Producers Shouldn’t Panic Yet About Slowdown in China
Concerns that the slowdown in China’s economic growth will curb Asia’s energy demand from the Middle East and beyond could be premature. Yes, any hint of weakness in the world’s largest net importer of crude and its second largest economy rings alarm bells in OPEC capitals and in boardrooms across the globe. India and Southeast Asian economies are also flourishing …
The Great Unwinding
For the past two decades we have seen unprecedented growth in demand for consumer items and housing with large emerging economies like China playing a focal point in the supply to global consumers. But what happens next when the predominantly western aging consumers decide to reduce their spendthrift habits? Western consumption is waning as is China’s ability to satisfy demand …
Prada and Poverty: What luxury brands tell us about China’s economy
With China’s booming industrial and economic growth, how much of China’s population are in receipt of a such an affluent lifestyle?
Opinion: Sony runs from N. Korea
From a satellite in Space, North Korea is merely a black spot, an anomaly compared to its bright technophile neighbours China and South Korea. Often called the most dangerous place on Earth, the Stalin-like state isolates itself and its 24 million inhabitants every day, making only feeble attempts to hide its dire economic situation and extreme human rights violations. North …
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