While the growing recognition of the adverse effects of climate change had led to some recent actions that were weakening the correlation between carbon emissions and GDP growth globally, an absolute decoupling was yet to happen, Michael Debabrata Patra, deputy governor, Reserve Bank of India said at the New York Fed Central Banking Seminar organised by the Federal Reserve Bank, …
The Chinese president praised his Belt and Road Initiative at its 10-year anniversary forum, saying it is the ‘right path forward’. Chinese President Xi Jinping has warned Western states against “decoupling” from his country’s economy, insisting amid declining foreign investment that China’s development should be viewed as not a threat but an asset. “We stand against unilateral sanctions, economic coercion, …
The U.S. has been stifling China’s advances in building technology using American intellectual property. Caught between the two countries are Taiwanese chip firms as both China and the U.S. are keen to curry favour with companies that count major technology firms like Apple, Nvidia and Qualcomm as their customers. Despite large-scale investments in the U.S. by Taiwan Semiconductor Manufacturing Company …
