In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital.
Economics
Mark Thompson, Anna Cooban: Credit Suisse shares crash as Saudi investor rules out more funds
Report in CNN on the chaos at Swiss bank Credit Suisse today. Is this the start of a new financial crisis? Read the article HERE.
EU politics
Tatu Ahponen: Finland’s Neoliberal and Far-Right Alliance Is a Sign of Things to Come in Europe
In Finland, a new government represents how compatible neoliberal and far-right politics are. The Left must answer the challenge by opposing austerity in addition to racism. In Jacobin. Read the article HERE.
Finance
Paolo Gerbaudo – Global BYD
‘Amid the intensifying retreat of American hegemony, an alternative geo-economic and geopolitical arrangement is coming into view: a battery-powered globalization with Chinese characteristics. Chinese EV manufacturer has recently raced ahead of Tesla in global EV […]
Be the first to comment