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Wall Street is talking up India’s emergence as a key engine of global economic growth, amid high hopes for Modi’s third term. On Xi’s watch, China’s self-inflicted wounds from “zero Covid” chaos to the tech crackdown have only added to India’s appeal
It was a touch disorienting to observe U.S. Treasury Secretary Janet Yellen chiding Chinese officials to do exactly what her predecessors demanded of Japan a quarter century ago.
Few economists had a rising yuan factored into their forecasts for 2024. Beijing is doing a surprisingly nimble job of keeping everyone guessing.
It’s a bonkers idea, considering how poorly the taxes Trump slapped on Chinese imports during his 2017-2021 presidency fared.
Bond vigilantes are under the impression that Jerome Powell will decide if their bet on U.S. interest rate cuts is a winner. In reality, it’s Xi Jinping in Beijing.