The Chinese economy is facing a number of challenges, including a slowdown in growth, rising debt, and an aging population. Experts believe that these challenges are so severe that the Chinese economy is beyond salvation. It is suffering because an increasingly autocratic government is making bad decisions. After four decades of fast growth, an era of disappointment is … [Read more...] about Xi Jinping’s Economic Legacy: Failure
Briefing
Russia cannot spend Indian Rupee
Russia cannot spend Indian Rupee. Russia is a major exporter of oil and gas to India. In 2022, India imported about 80% of its oil from Russia. This dependence on Russian oil has increased since the start of the Russia-Ukraine war, as India has been looking for alternative sources of oil. India is also a major importer of fertilizers from Russia. These fertilizers are … [Read more...] about Russia cannot spend Indian Rupee
Mexico Surpasses China as Biggest US Trading Partner
According to the US Census Bureau, Mexico surpassed China as the biggest US trading partner in goods in 2022. The total value of US-Mexico trade in goods was $621.8 billion, up from $594.6 billion in 2021. US-China trade in goods was $606.7 billion in 2022, down from $680.8 billion in 2021. There are a few reasons why Mexico surpassed China as the biggest US trading partner. … [Read more...] about Mexico Surpasses China as Biggest US Trading Partner
The Sunset of Chinese Real Estate
The Chinese real estate market has been one of the most dynamic in the world in recent decades. It has grown rapidly, driven by a combination of factors, including urbanization, rising incomes, and government policy. However, the market is now in decline, as prices fall and investors flee. There are a number of factors that have contributed to the decline of the Chinese real … [Read more...] about The Sunset of Chinese Real Estate
The Russian Economy is Doomed
Moscow's glamour appearance is a Potemkin village. The Russian economy is in trouble, and it is not clear how long the government can maintain the illusion of prosperity. Russia is losing the war in Ukraine:Russia has failed to achieve its initial goal of taking Kyiv, the Ukrainian capital.Russia has suffered heavy casualties, with estimates of Russian military deaths … [Read more...] about The Russian Economy is Doomed