economy Archive

chinaIncome distributions show how far India has to go to create even a global middle class

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The Economist reports that India does not have a middle class and growing inequality it preventing the growth of a middle class. The top 1% of Indian adults, a rich enclave of 8 million inhabitants making at least $20,000 a …

businessGlobal Venture Capital at $182 billion in 2017

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Mega funding rounds in Asia led by the biggest ever fund raise of $5.5 billion by China-based Didi Chuxing propelled the overall venture capital funding to reach record levels in 2017. According to a recent report by Preqin, 2017 was …

economySoftbank Vision is to invest a trillion dollars in at least a thousand Unicorns over the next ten years

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Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 companies within 10 years. …

artificial intelligenceThe Future of Asia is ultimately about AI, other advanced tech and economics

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Hugh White makes the case that America’s influence is decreasing in Asia and China is on the eventual but inevitable path to dominating Asia. Others make the case that the USA still has strategic options. Nextbigfuture believes the ultimate Future …

economyA multi-decade economic boom

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There was a long period of stronger productivity growth from 1917 to 1973 driven by low-cost oil and increasing usage of cars and more efficient factories. We are entering a new period of stronger productivity growth from energy cheaper than …

asiaChina passing the USA by 2030 and India passing Japan in 2027

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The Centre for Economics and Business Research (CEBR) forecasts that China’s economy will pass the USA in exchange rate terms by 2030. The report by the Centre for Economics and Business Research in London sees India leapfrogging the U.K. and …

chinaChina’s economy could drop by 25% by 2050 unless population policy is fixed

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China must take urgent action on birth controls to cope with the “grim” reality of its rapidly aging society. The Chinese Academy of Social Sciences said the country must consider either relaxing birth controls further or getting rid of them …

chinaChina putting controlling financial risk, reducing poverty and curbing pollution over GDP growth

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China is willing to accept some weakness in GDP growth to focus on making strides in the next three years around three priorities. The priorities are * controlling financial risk * reducing poverty * curbing pollution China will clean-up of …

china2018 should have the highest global growth in seven years

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The IMF, Peterson Institute for International Economics (PIIE) and Price Waterhouse Coopers are adjusting growth projections upwards as the global economy is gaining momentum. The global economy as a whole has gained momentum, according to economists at the Peterson Institute …

carsChina will have double US car sales in 2018 – Trump calls China economic competitor

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President Donald Trump will declare that China and Russia are competitors seeking to challenge U.S. power and erode its security and prosperity. The singling out of China and Russia as “revisionist powers” in the document reflects the Trump administration’s wariness …