Reports indicate that the US and China could agree to a partial trade agreement. It is expected to cover currency and agriculture purchases and a delay in the tariff hike scheduled for next week. Trump and Chinese Vice Premier Liu He are now scheduled to meet at 2:45 p.m. ET. The China Securities Regulatory Commission …
PG&E is choosing to create what could be among the worst power outages in US history. This is not an outage where the weather directly caused the outage. It was not a hurricane that broke power lines. The winds had gusts up to 45 mph in some areas but most of the areas did not …
Xi Jinping is going completely to the Chairman Mao playbook. However, China is misunderstanding the Hong Kong issues. The police in Hong Kong and soon the Chinese Army are over-reacting. This article will review the over-reaction and how it goes back to crude responses to perceived threats to stability. The developed countries of the world …
Wharton professors have projected that even if the recently imposed tariffs are removed, GDP will be permanently smaller relative to having had no trade war. Extending the current trade war by several more years will lead to smaller losses in GDP in 2020 but will reduce GDP by more in the long run. Short Small …
China is reporting a GDP growth rate of 6.3% and unemployment of about 5.1%. The agricultural production situation is relatively good, and the summer grain has achieved a bumper harvest. The total output of summer grain this year has increased by 2.1% , which is the same as the highest output in history in 2017 …
Official Indian estimates placed annual average GDP growth between 2011-12 and 2016-17 at about 7 percent but new research estimates that actual growth may have been about 4.5 percent with a 95 percent confidence interval of 3.5 – 5.5 percent. The evidence, based on disaggregated data from India and cross-sectional/panel regressions, is robust. India’s former …
Russia and China agreed to develop bilateral trade using the Russian ruble and the Chinese yuan. China-Russia bilateral trade was US$24.2 billion in the first quarter of 2019, according to Chinese customs. This was up 30 percent over the first quarter of 2018. China has become Russia’s largest trade partner with about 14 percent of …
Momentus Space’s Water-Plasma Propelled In-Space Transportation Services. Vigoride Extended will be able to take 200 kilogram from low-earth orbit to lunar orbit. It could take 300 kilograms from low-earth orbit to GEO. The cost would be $100,000/kg.
The Wall Street Journal reports that US-China negotiators are targeting a late May or Early June signing date for trade deal. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and …
Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC), the East Coast Rail Link (ECRL) will now be 40 kilometers shorter for a total of 648 kilometers and pass through Jelebu, Negeri Sembilan instead of Gombak in the Klang Valley. The cost is RM44 billion (US$11 billion) which is 38% less …
By 2025, Texas oil production will double and US and gas production will increase by around 50%. Enterprise Partners forecasts that Texas will surpass 10 million barrels per day of crude oil production by 2025 from the Permian and Eagle Ford Basins. This is up from 5 million barrels per day today.