Trump's threat to impose 100% tariff on BRICS nations won't worry Indian policymakers, given that it has consistently denied any interest in replacement of US dollar as global currency.
USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.
Capital Economics’ Mark Williams has raised an interesting question, as to whether e-CNY, as some are beginning to call the new electronic cash, is not a central bank digital currency.
The onshore renminbi gained almost 4% in the three-month period ending Sept, the most since early 2008, while its offshore counterpart advanced more than 4%.
The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.
There are similarities but there are also key differences, including a less interventionist response by authorities.
China’s stocks are tumbling, the yuan is sinking, and...
This is the latest phase in the US-China technology competition, which now spans supply chain law, export controls, labour compliance, and semiconductor access.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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