CHINA The global downturn failed to prevent China overtaking Germany as the world’s third-largest economy. In fact, China’s economy has shown signs of improvement recently, with the annual growth rates of both industrial output and retail sales rising in July. But the downturn has had serious consequences for the country, both internally and externally. Chinese exports have [...]
Jim O’Neill will long be known for coining BRICs. Ten years from now, Nicholas Cashmore may enjoy similar notoriety for another addition to the investor lexicon. The money phrase put forth in 2001 by O’Neill, London-based chief economist at Goldman Sachs Group, refers to Brazil, Russia, India and China. BRICs is now a ubiquitous term for [...]
Indonesia’s economy may double in the next six years as the world’s biggest exporter of power- station coal and largest producer of palm oil taps surging demand from India and China. China, India and Indonesia will generate $10 trillion of wealth for investors by 2015. Nicholas Cashmore, head of Indonesia research at CLSA Asia-Pacific Markets, [...]
