often to protect domestic industries, promote sustainability, or mitigate health concerns. For instance, China, Vietnam, India, Japan and the European Union have restricted the use of Azo
The gap between developed countries and emerging nations is shrinking, with India likely to overtake Japan in nominal GDP in a few years. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China’s was $17.5 tri...
It is "one of the few bright spots in the Chinese economy," says Zeng Ming. He is talking about e-commerce. Mr Zeng, the chief strategy officer for Alibaba, a giant Chinese Internet firm, predicts that digital transactions on his firm's platforms will top l trillion yuan ($159 billion...
This repositioning explains why we have demonstrated such stability and strong results during this downturn and why we believe we will benefit as the economy recovers and growth returns. A StrongYear Capping a Strong Decade Two thousand nine was a tough year by any mea- sure, but IBM's ...
In Germany inflation was placing the value ratio between the German Mark and the Dollar into the millions, then to 4 trillion! People would start pushing piles of Marks to the store in a wheelbarrow and be robbed for the wheelbarrow. In the US, The 'Teapot Dome' oil scandal hearings were...
China’s slowing economic growth is likely to make its debt problem harder to solve. We should not be too surprised if debt defaults become a more significant problem, or if the yuan falls relative to other currencies. India, with its recent recall of high denomination currency, as well as...
There are also two "mini-Shinkansen" that do not run at HSR speeds but extend the Tōhoku line to communi- ties not served by it.27 The government privatized the system in 1987 after the debt that had built up after three decades of continuous HSR construction reached ¥37.1 trillion, ...
“That’s not a good model for sustainability, considering that we will probably see recessions again in the future that will be much more difficult to manage through simply because of these rates,” Keen said. Managing the scheduled CalPERS employer rate increases over the next seven years wil...
Cities and States Are Facing a $1 Trillion Budget Mess. There Will Be More Trouble Ahead. “It’s worse because the revenue shortfall is uncertain and horrific. There’s an enormous loss of revenue going on, and we don’t know how long it will last.” (Barron’s) https://www.barrons...
Benefiting from the steady development of the national economy and the driving effect of consumption upgrading on industry consumption, the retail sales of furniture industry is expected to maintain steady growth. It is estimated that the retail market will reach 4 trillion and 400 billion by 2021,...