https://www.scmp.com/rss/324142/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the spectre of prolonged high prices exposes the vulnerability of energy-dependent countries. Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies. 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Tap here to launch this special feature https://www.scmp.com/infographics/china/society/article/3009528/chinas-coal-capital-dying-local-natural-resources-are?utm_source=rss_feed https://www.scmp.com/infographics/china/society/article/3009528/chinas-coal-capital-dying-local-natural-resources-are?utm_source=rss_feed Fri, 10 May 2019 08:00:13 +0000 China is providing massive financing to participating countries for the development of infrastructure. Many of the recipients are developing countries which see China’s plan as an opportunity to boost their local economies. But critics of the belt and road scheme believe it represents a risk for participating countries that they will be left with unprofitable, unnecessary infrastructure. 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