The SBI Fund Management report says China invests 42% of GDP & consumes 40%, while US invests 22%, but household consumption stands at 68%, showing stark differences in economic priorities.
China’s property sector is grappling with huge losses, manufacturing has been shrinking, and youth unemployment hit a record high in June. ‘Economy progressed too fast,’ expert says.
Economic troubles have left Chinese provincial governments on a sticky wicket, leading to the slowdown of the country's ambitious Belt and Road Initiative.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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