While global economic activity has picked up since June, there are signs that recovery may be losing momentum, & the crisis is likely to leave deep scars.
Policy makers are hoping for a buy-in from China, the world’s largest official creditor owning almost 60% of bilateral debt that the poorest nations were due to repay this year.
The WHO and its members have been scrutinized for their responses to the pandemic that has struck about 47 million people, killing more than 1.2 million & stifling economies worldwide.
Of the amount due in the G20 debt plan, $7.17 billion, was to China and the amount is likely to rise to $10.51 billion next year if the debt service is extended.
According to the economic affairs ministry, the formal requests were sent to individual countries Friday under the G-20 Covid-19 Debt Service Suspension Initiative.
The conventional wisdom is that if a govt fails to improve the lot of the voters, it is punished. Kumar presided over an economic disaster for 20 years and was re-elected by a landslide.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Only China & Germany have both shown their resiliency in this COVID acid test. They have continue to grow in export and investment, seizing opportunity to upgrade their Industrial 4.0 rapidly with AI automation.
China is investing heavily in infrastructures & industrial upgrading now, a wise stimulus tool preparing for next growth cycle.
They will both emerge as Top dogs like US did after WWII, provided Germany can contain its outbreak well like China.
RCEP members will ride on the trade pact utilizing China growth and leapfrog the struggling world, as all members are coincidentally, well controlled in COVID.
The world future is in Asia, a golden Asia Century, except India who has isolated itself, invaded every neighbors, bent to sabotaged RCEP & BRI. India will dig its own grave fighting China to last Indians for US hegemony & Indian’s Chanakya Greater India ambition.
Only China & Germany have both shown their resiliency in this COVID acid test. They have continue to grow in export and investment, seizing opportunity to upgrade their Industrial 4.0 rapidly with AI automation.
China is investing heavily in infrastructures & industrial upgrading now, a wise stimulus tool preparing for next growth cycle.
They will both emerge as Top dogs like US did after WWII, provided Germany can contain its outbreak well like China.
RCEP members will ride on the trade pact utilizing China growth and leapfrog the struggling world, as all members are coincidentally, well controlled in COVID.
The world future is in Asia, a golden Asia Century, except India who has isolated itself, invaded every neighbors, bent to sabotaged RCEP & BRI. India will dig its own grave fighting China to last Indians for US hegemony & Indian’s Chanakya Greater India ambition.