By Vikram Mansharamani
China’s plan to build veins of trade over land and sea into Europe and Asia may be the most significant global economic initiative in the world today.
The fundamental issue at hand is that monetary union without political integration generates tension and instability.
It may have worked for China, but India is too late to reap the benefits of a manufacturing-driven development strategy.
By Stephen Roach
China is in the early stages of shifting its growth equation away from exports and investment to consumption demand. Will it succeed? We talk to economist Stephen Roach, an expert on the Chinese economy, to discuss this shift and why…
A terrifying virus has been rapidly spreading through Brazil; it’s now migrating north and appears almost certain to arrive in the U.S. later this year.
Recent events in the global economy are increasing the likelihood that the Fed will have to reverse its course on raising interest rates.
How can we possibly navigate the radical uncertainty presented by this chaotic tangle of events and trends?…
We need to look at the big picture, and when we do, we might conclude today’s decision probably doesn’t matter that much.
By PBS NewsHour
China devalued its currency Tuesday, a move to make the country’s exports cheaper and boost a slowing economy. In turn, the Yuan fell nearly 2 percent against the dollar, the most in a decade. Judy Woodruff reports.
Since mid-June, China’s two main stock markets have seen drastic drops, falling by more than 30 percent. In the past year, reforms toward greater liberalization had helped the markets skyrocket, but this recent free fall has spurred some panic among…
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