EMerging Equity
Silk Road
BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool
The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — have launched their $100 billion New Development Bank (NDB) — also known as the BRICS bank — and have signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS being held in the Russian … Continue reading
Washington Versus The Emerging Silk World Order
By Mahdi Darius Nazemroaya Tectonic geopolitical shifts are taking place in Eurasia. The Venetian merchant Marco Polo and the Moroccan scholar Ibn Battuta, both great travelers of their days, would be thoroughly impressed with the trade networks that are developing. The Eurasia of today is developing into a vast network of superhighways, railroad connections, mammoth ports, … Continue reading
China Ratifies The Freshly-Minted BRICS Bank
China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading
We Are All Greeks! Europe Only Has a Future With the New Silk Road
Originally posted on wchildblog:
Source: LaRouche PAC, by Helga Zepp-LaRouche It’s not Greece which has failed, but rather Chancellor Merkel, Finance Minister Schäuble, the EU Commission, the European Central Bank, and the IMF. Why should the Greek government stick with the austerity measures demanded by the EU, which have already reduced the Greek economy by…
China Officially Launches The Asian Infrastructure Investment Bank (AIIB)
The Chinese-led Asian Infrastructure Investment Bank (AIIB) officially launched on Monday following a signing ceremony of the bank’s articles of association that took place in Beijing. Chinese President Xi Jinping greeted 300 delegates from the bank’s fifty-seven founding-member countries where they would later determine the total share capital, each member’s voting share of capital, the governance structure, decision-making mechanism, and operational … Continue reading
China Cuts Interest Rates To Record Low As Stock Market On Cusp Of Bear Market
China’s Central Bank has cut interest rates to a record low and has lowered the reserve-requirement ratios (RRR) for some lenders as Beijing seeks to revive the country’s sluggish economy which is poised for the slowest economic growth in twenty-five years. The interest rate cut by China’s Central Bank, the People’s Bank of China (PBOC), is the fourth cut … Continue reading
Hegemony Games: U.S. Vs China – OpEd
By Jack A. Smith he·gem·o·ny (həˈjemənē,ˈhejəˌmōnē): leadership or dominance, especially by one country or social group over others. The most important political relationship in today’s world is between the United States of America and the People’s Republic of China (PRC). Whichever way the relationship goes will have a major impact on global developments for many decades. … Continue reading
Cold Won Ton War: The South China Sea Word War
By Pepe Escobar, Asia Times As Cold War 2.0 between the U.S. and Russia remains far from being defused, the last thing the world needs is a reincarnation of Bushist hawk Donald “known unknowns” Rumsfeld. Instead, the — predictable — “known known” we get is Pentagon supremo Ash Carter. Neocon Ash threw quite a show … Continue reading
India’s Modi Turns The Tables On China
India’s Prime Minister Narendra Modi, in office for just a year, approaches China with new confidence. During a visit to China, the prime minister was candid about India’s strategic distrust and its determination to build new ties with other powers including the United States, Japan and Australia. Border disputes are a major obstacle for the … Continue reading
China: Silk Roads And Open Seas
By Pepe Escobar Beijing’s disclosure earlier this week of its latest military white paper, outlining a new doctrine moving beyond offshore defense to “open seas” defense, predictably rattled every exceptionalist’s skull and bone. Almost simultaneously, in Guangzhou, the annual Stockholm China Forum, hosted by the German Marshall Fund and the Shanghai Institute for International Studies, was … Continue reading
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