Livestreamers promote African goods during a trade expo in Changsha, Hunan province, in June. As we step into the 21st century, Somalia recognizes the urgent need to explore new avenues for development, and it believes forging stronger ties with economic powerhouses like China and other Asian giants could be the game-changer it has been searching for. The adaptability and resilience …
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The big question before India is where its economy will be 25 years from now. According to one estimate, during the five decades, India’s annual growth rate was just 0.89%. Early strategy In the early period, India’s strategy of development comprised four elements — raising the savings and investment rate; dominance of state intervention; import substitution, and domestic manufacture of …
For a career bureaucrat who was equally at ease with three different finance ministers, the journey from North Block to Mint Street has often seen him adopting a non-confrontational approach and building consensus on tackling tricky issues. Former finance secretary Shaktikanta Das has been appointed as the new governor of Reserve Bank of India. Considered an efficient implementer and a …
In the early 1980s, a typhoon rainstorm flooded the Shenzhen Railway Station, affecting travel. The Shenzhen Special Economic Zone in South China's Guangdong province was established in August 1980. In the early 1980s, photographer Zhou Shunbin followed a troop of construction workers to enter Shenzhen and experienced the difficulties of working in what was then an undeveloped area. He created …