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  • September 24, 2014
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  1. BRICS should get bigger say in IMF

    Posted Jun 22nd 2012, 12:00am

    ... India and South Africa should get in return- more say in the running of institutions like the IMF and the World Bank. The developed Western nations that set up both in 1944 and have controlled ... The growing financial might of China and the other nations of the BRICS group is well known, but underappreciated. Their US$85 billion pledge this week to the International Monetary ...

  2. The danger of a BRICS-led world

    Posted Apr 08th 2012, 12:00am

    ... Nations and China. As for the BRICS group, its members are far too divided in their interests to do any good. Its claim to be setting up a development bank alternative to the World Bank ... recently are especially welcome. However, there are other developments, in China and overseas, that should be worrying for Hong Kong, a city that has scant purpose other than as a hub of free ...

  3. China backs a new bloc for the world stage

    Posted Apr 14th 2011, 12:00am

    ... and avoid overdependence on developed economies. At the International Monetary Fund, the BRICS nations would also have a substantial effect on the balance of power if they consolidated all ... that by 2050, the BRICS' total share of the world economy might exceed that of the developed economies combined, offering China 'a good way to diversify risks and seek more ...

  4. Comment - Insight & Opinion

    Why multilateralism is at a standstill

    Posted Mar 02nd 2013, 12:00am by Andrew Sheng

    ... per cent in 1995 to 42 per cent in 2010 and is still expanding. Specifically, by 2025, the bank estimates that the BRIC economies plus Indonesia and Korea will account for more than half ... crisis. Today, Brazil is the "B" in the BRIC economies, with nominal gross domestic product of US$2.5 trillion, the seventh largest in the world. There is a quiet confidence in the air. ...

  5. News - China - DIPLOMACY

    China and Brazil agree to US$30 billion currency swap deal

    Posted Mar 28th 2013, 12:00am by Bloomberg

    ... banks." The BRICS nations have combined foreign-currency reserves of around US$4.4 trillion and account for 43 per cent of the world's population.   ... forms part of the message from BRICS countries, which include Russia, India and South Africa, that existing financial architecture is inappropriate to deal with the world's main challenges, ...

  6. Long live trade

    Posted Apr 20th 2011, 12:00am

    ... meanwhile, enables China to gain additional leverage while reaching out to other developing countries. China will use the BRICS forum to gain clout within the G20, which has replaced the G8 as the maker of economic policy for the world as power shifts from the West to the bigger developing nations. Figures tell a story. The five BRICS countries account for 42 per cent of the world's ...

  7. Comment - Insight & Opinion

    China deserves more credit for its positive global contributions

    Posted May 15th 2013, 12:00am by Jonathan Power

    ... influence on international financial affairs, it won the appointment of a Chinese as the World Bank's chief economist and another as deputy head of the IMF. Over the past 30 years, China has ... regimes and being caught violating the UN sanctions it has voted for, as with the Iranian banks. But, overall, it is moving forward into positive territory, an understated story in the world ...

  8. Yuan payments on rise while HK dollar slips

    Posted Jul 25th 2012, 12:00am

    ... ranking has fallen, according to Swift, which operates a global international network for financial institutions. A report said yuan payments among banks and securities firms worldwide had grown ... banks and securities firms worldwide, from October 2010 to June this year. It said the yuan was now the 16th most-used payment currency, up from 35th in October 2010. The yuan is now ahead ...

  9. Comment - Insight & Opinion

    China's time at ADB helm not yet come

    Posted Mar 05th 2013, 12:00am by CURTIS CHIN

    ... Curtis Chin Curtis Chin considers talk that the next ADB president could be Chinese China must start to pull its weight before it can lead The resignation of Asian Development Bank ... there are persistent rumours of a Chinese challenge to Japan's leadership at the bank. Since the ADB's founding in 1966, Japan has retained a lock on the presidency of the multilateral development ...

  10. News - China

    China's formula to reduce poverty could help developing nations

    Posted Mar 29th 2013, 12:00am by Toh Han Shih

    ... massively in recent years, a trend that has seen the China Development Bank become the world's largest lender. Brett Rierson, China representative for the World Food Programme says the nation ... the Millennium Development Goals. Last November, the World Bank and China launched a knowledge hub to spread knowledge of China's successes in reducing poverty both at home and in other countries, ...




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