China’s reform and opening-up contributes to global prosperity
China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF) Managing Director Christine Lagarde said […]
China’s ODI exceeds $100 billion in first 11 months
Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and Economic Cooperation with the MOC […]
Next election coming in 2020, is it a threat to Mongolia’s reviving economy?
Ulaanbaatar — The state budget for 2019, approved by the parliament earlier this month, sees increases in public expenditure, with higher allocation of funds to be spent on wage and pension benefits, and infrastructure projects- mostly construction of schools and kindergartens. These moves – which the finance minister was quick to stress – were aimed […]
Korea’s economic cul-de-sac
Korea is likely to be among the most vulnerable economies in Asia if the Sino-American trade war escalates. While Korea’s economic strength rests on exports, this also proves to be its biggest weakness when global trade slows. Although the country recently signed a revised free trade agreement with the U.S., China remains its biggest overseas […]
How will Turkey end up if the situation continues?
On August 13, ‘Turkish Lira’ and ‘Turkey’ were ranked as number one and two respectively in the real-time query of the leading portal in Korea, Naver. Two questions are to be asked in this situation. The first one is why did the Turkish Lira suddenly collapse? The other question is what will happen to Turkey’s […]
Turkey lira crisis
On August 13, ‘Turkish Lira’ and ‘Turkey’ were ranked as number one and two respectively in the real-time query of the leading portal in Korea, Naver. Two questions are to be asked in this situation. The first one is why did the Turkish Lira suddenly collapse? The other question is what will happen to Turkey’s […]
Iran as an Increasing Regional Power in the South Caucasus Iran nuclear deal
Quite progressive and optimistic assessment of significance of the Joint Comprehensive Plan of Action, i.e. Iran’s long-term deal on its nuclear programme with the P5+1 group of world powers has not been big news. However, the U.S. President Donald Trump’s (on May 8, 2018) announced withdrawal of the States from the deal makes the latter […]
US farmers face risk of losing Chinese market: official
The escalation of the trade friction between China and the US will obviously bring impacts on the US agriculture, said Han Jun, Vice Minister of Agriculture and Rural Affairs, during an interview with People’s Daily. Han, who is also the deputy director of the office of the central agricultural work leading group, said that although […]
Chinese economy runs stable despite of mounting global protectionism
Chinese economy has been running in a stable pace in the first half of 2018, despite of the rising tide of trade protectionism and the uncertainties emerging in the process of global recovery. The International Monetary Fund (IMF) forecast in late July that China’s economy will grow 6.6 percent in 2018－unchanged from its April projection－in […]
Iran-Russia trade volume to grow further in 2017
Iran-Russia trade volume has surged by 70% after the removal of sanctions against the country early last year, Alexander Maksimov, honorary representative of the Russian Chamber of Commerce and Industry in Iran, told Sputnik. He added that Iranian-Russian trade relations are set to rise further this year after increasing almost twofold in 2016. In 2016, […]
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