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In: Economy
26 Jan 2010The entire Chinese economy used to ride high till the year 2008, thanks to massive increase in exports to US and Europe. China got over 30% of the GDP from exports and when the global economy went into a tailspin in 2008 end, the Chinese economy was hit the hardest. The Chinese government realized the [...]
In: Economy
15 Jan 2010Just 25 banks were closed down in US in the year 2008 and that was seen as an unbearable level by then. But the year 2009 bank closures hit the 25 mark within the first three months, and the US FED was only warning of further increase in bank closures in the remaining months of [...]
In: Politics
5 Jan 2010UK was the global power recognized for their dominance across continents till the middle of 20th Century. But over the last five decades the dominance of UK in global politics has been steadily going down. Today UK is staying in the global power list only due to their close alliance with US and anytime they [...]