Nearly 60 countries have joined the new international financial institution, including several OECD member and partner countries, though others have remained cautiously outside. What is the purpose of the new bank and what impact will it have? We asked Yide Qiao for his views. I guess there are several reasons for launching the new bank.
China’s economy is the second largest in the world, but can its currency, renminbi, compete with the US dollar as a global currency?
Brazil is poised to become one of the world’s largest oil producers. But the elation caused by the discovery of two massive oil fields is tempered by access difficulties and high cost of extraction. Still, the discoveries have thrust Brazil centre stage in the global energy grab.
As China’s economic importance on the world’s stage is growing, so is its space programme. Ten years after becoming the third country in the world to launch human beings into orbit, China successively undertook its fifth manned space mission in June, its longest yet. Three “taikonauts” (Chinese astronauts) spent two weeks in orbit in the Tiangong 1 space module.
China Snapshot 2013
Find key economic figures and trends for China from OECD Yearbook 2013
Will China’s growth slowdown last and what does it mean for the rest of us?
The rise of IT and the Internet have been boons to Asia, but not everyone has benefited. There are challenges to overcome, not least in the area of governance.
Human capital spending is needed to reshape China’s growth engine. The action can start at an early age.
Apprehensions about China’s unbalanced growth process concern everybody, but its causes are often misunderstood.
What can the Chinese leadership do to rebalance investment and consumption?
There are signs of a new, more confident and self-affirming Africa taking shape. As the 2011 edition of the African Economic Outlook argues, this newness is also evident in the continent’s relationships with emerging economies.
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