Unless India lines up a ‘Plan B’ before Modi govt can nix the model it has come to depend on, the unimpactful attempts to hurt China economically will continue.
Debt owed by China’s famed local-government financing vehicles (LGFVs) reached roughly $7.8 trillion in 2022, almost double that of 2017, according to IMF report.
Although a modest bounce back for China cannot be ruled out, the widely anticipated challenge it was supposed to pose to Western strategic dominance is still some ways away.
China’s GDP grew by just 3% last year, funneled by 3 years of Covid-19 crisis in its property sector, a crackdown on private enterprise & weakening demand for exports.
Chinese citizens are looking for ways to relocate abroad rather than just move their assets. But Xi Jinping’s tactic to exert ‘ethnonationalist power’ won't be easy to escape.
China's regional officials lobby ministries for infrastructure projects at their high-end 'Beijing offices' where they also operate hotels, bars, restaurants, karaoke boxes.
Hukou is a household registry allowing citizens to access social benefits, education, purchasing property, and other government services in the area they live.
Business leaders now openly say that Beijing’s zero-Covid policies are slowly destroying the economy. It is becoming difficult for many to justify Xi’s ‘common prosperity’ campaign.
The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second, economists at Nomura Holdings said.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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