The OECD's newest Economic Outlook report foresees gradual economic improvement through the coming year in the previously booming economies of China and Brazil, while the forecast for the US, the UK, and Russia is less optimistic. India, on the other hand, is expected to experience significantly accelerated growth. Read the article by Economy Watch here.
The People’s Republic of China joined the OECD Development Centre on 1 July, in a move described as an important step in support of China’s transformation and transition to a new growth model.
In October 2014 China launched the Asian Infrastructure Investment Bank (AIIB), drawing wide international attention. 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.
Although natural phenomena such as volcanic eruptions or warm ocean currents, or even the earth’s tilt, might all contribute to global warming, carbon dioxide (CO2) generated by human activity–from running homes and factories to flying planes and mowing lawns–is accepted as a major culprit.
Putting together a water financing and management strategy requires looking at a range of questions. The most important one is, can we afford it?
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