Currency War: US and China
The rise of China’s economic power since the past decade has raised concerns regarding the ability to sustain such growth and whether it will be able to overtake the US as the global reserve currency.
China Economy: Uncertainties in the air
When President Xi Jinping assumed the role as president of the People’s Republic of China on March 2013, he vowed to transform China’s corrupted situation. At that point many people doubted his conviction to change China. To date, it seemed like Mr Xi is one step closer to his objective. From the period when Mr…
A Closer Look: The Federal Reserve
What about the operations of the Federal Reserve System? In this day and age, the actual notes and coins circulating in the economy represent only a tiny portion of the money in existence. In actual fact, majority of the money supply is created by private banks as loans that are payable back to the banks…
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