North Korean economy surrenders to foreign currency invasion (tags)
Chinese currency and U.S. dollars are being used more widely than ever in North Korea instead of the country's own money, a stark illustration of the extent to which the leadership under Kim Jong-un has lost control over the economy.
Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
Dependence paralyzes superpowers. Washington urges Peking to upgrade its currency which China's economy cannot handle. China-bashing is an absolute necessity in the upcoming election campaigns.
Zhibin Gu: China stock market, outsourcing, banking, finance, politics map (tags)
how to walk out the mud of global financial cisis? How to get better world politics and business map? Is Chinese century arriving sooner? What is really behind all the changes inside Chinese and Indian politics, business, finance and society? Get most provocative economic and political lessons and knowledge from a timely book covering long history and revolution of both Mao's era and current capitalist revolution in relation to world finance, competition, and entrepreneurship.
Quote of the week from CSN (tags)
Quote of the week from CSN