カテゴリー: Global economy
Deal would build closer economic ties as most western states push to isolate Moscow over UkraineIndia and Russia have entered “advanced negotiations” over a free trade agreement that aims to build closer economic ties as most western governments push t…
French leader sees Beijing as possible ‘gamechanger’ and will also discuss European trade on three-day visitEmmanuel Macron has arrived in China for a three-day state visit during which he hopes to dissuade Xi Jinping from supporting Russia’s invasion …
Rise in emergency financing for other countries since 2016 correlates with drop in infrastructure lendingChina spent $240bn (£195bn) bailing out countries struggling under their belt and road initiative debts between 2008 and 2021, new data shows.Resea…
Loan is on top of £25bn that cash-strapped Islamabad already owes Beijing and Chinese commercial banksChina has agreed to loan Pakistan $700m (£580m) to help it weather its worst economic crisis in a generation, in a development that will intensify con…
Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardballSome of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline…
Soldiers’ boots are made from imported Indian leather as country’s trade with Russia soars by 400%Indian companies have been accused of enabling Russia’s war effort after exporting leather to Russian companies that make boots for its military in the mo…
Communique unlikely to stretch beyond usual platitudes despite the need for a global plan for recoveryThe Cambodian prime minister, Hun Sen, was struck down by Covid, the Argentinian prime minister, Alberto Fernández, had gastroenteritis and the Russia…
Disagreements have opened up about strategy when China is also seen as an existential threatWestern powers in the G7 group of nations are failing to coordinate their China strategies, senior western officials admit, adding that the need to do so has be…
GDP rose 3.9% in the July to September quarter, but China remains on track to deliver among weakest growth in almost four decadesChina’s economy expanded faster than economists expected in the September quarter but the poor performance of the nation’s …
Chief executive says territory will ‘trawl world for talent’ after lockdowns and political unrest cause brain drainHong Kong has unveiled a HK$30bn ($3.8bn) co-investment fund to attract overseas businesses back to the city after an exodus of talent pr…
Clouds are gathering over the economic powerhouse as Covid lockdowns, a distressed property market and population changes take a tollGet our free news app, morning email briefing or daily news podcastChina, the world’s second-biggest economy, is in a r…
Outbound shipments grew 18% after struggle with shortages of raw materials and lockdowns in first half of yearChina’s export industries performed strongly last month after spending the first half of the year hampered by shortages of raw materials and p…
Sales of Indian single malts are booming as a new generation sheds old notions about the superiority of imported brandsFor years, Mohinder Singh’s trips outside India meant an obligatory stop at the airport duty-free liquor store, where he would join l…
Schools, stadiums or airports help the presidents of countries that receive cash from Beijing tighten their grip on powerChina’s financing of overseas projects has disproportionately benefited the core political supporters of incumbent presidents or pr…
Economists fear Sri Lanka could be first of several, with IMF in talks with Egypt, Tunisia and PakistanSri Lanka has defaulted on its debts for the first time in its history as it struggles with an economic and political crisis triggered by global shoc…