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.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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