SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia is one of the world's largest econmies yet its public debt level is one of the lowest per capita. Russia is now ranked second only to India and Indonesia in the list of countries with the lowest debt per capita.
Now do remember when the Soviet Union collpased , Russia i...
Despite the recent revival of the Chinese economy, Fitch, one of the Big Three credit rating agencies, has downgraded China's credit rating outlook to negative. This decision was made due to the risks to the financial system during the transition to a new growth model.
Moody's downgrade of the rati...
By Rhod Mackenzie
The real estate crisis in China has the potential to trigger a more severe and prolonged crisis, leading to a lost decade for the country. This could have a significant impact on the global economy.
The ongoing crisis in China is not the first time the real estate market has exp...
By Rhod Mackenzie
It appears that in Hong Kong and Beijing, they have chosen to rephrase the words that were attributed to Stalin: 'No man, no problem.' After several delays and false hopes, a Hong Kong court recently sentenced China's largest construction company, Evergrande, to a severe penalty....
By Rhod Mackenzie
Recently, there has been much discussion about the downturn of the "Chinese miracle" and the possibility of the country being on the brink of a crisis. This pertains to both the construction industry and the general decline in consumption, which poses a threat to the solvency of...
