Ahead of Tuesday’s mid-term elections in the United States, the question of what the outcome might mean for US foreign policy seems to have a consensus answer: no change.
A Chinese company, Shanghai Electric Co Ltd, has secured a $10bn contract to supply coal-fired generators to India’s Reliance Power Ltd, in a deal financed by Chinese banks, business press reports said.
Shanghai Electric is China’s biggest power-equipment maker by market value, and Reliance Power’s order may be the world’s largest for generators, Bloomberg reported.
Trade between China and India is expected to touch $60 billion this year. It has already crossed over $30 billion, with China having a slightly greater than 60% share of the trade.
Noting that the question of what is - now - driving China’s seemingly relentless economic growth is one of significance to international policy makers and business executives alike, a leading business journal has conducted new research. Arguing that conventional wisdom of export-led growth is wrong, the McKinse
