China holds 17.7% of the world’s total wealth, the second largest share held by any country. It has the world’s largest banking sector, with assets of $40 trillion and the world’s top 4 largest banks all being in China. In 2019, China overtook the US as the home to the highest number of rich people in the world, according to the global wealth report by Credit Suisse. It has the highest number of rich people in the world’s top 10% of wealth since 2019. There were 658 Chinese billionaires and 3.5 million millionaires.
28 November, 2021
The costs of a possible war between Russia and Ukraine far outweigh the benefits. The war is fraught with significant risks to the economy, political stability and Russian foreign policy. It fails to solve key security problems, while it creates many new ones.
26 November, 2021
These new tactics and strategies could leverage efforts toward dismantling the precarious power structure comprising military rule. This factor likely explains the crackdown on Saturday, as security forces sought to prevent demonstrators from mobilizing and disseminating demands across various platforms.
24 November, 2021
In August 2020, Russia was the first country to announce the development of a COVID-19 vaccine. Since then, a relentless publicity blitz has promoted the attributes of the Sputnik V vaccine. However, Sputnik V has struggled to gain mass acceptance inside Russia, let alone in other countries where it is marketed as an alternative to vaccines developed by Western and Chinese pharmaceutical firms.
24 November, 2021
As most of the world is desperately waiting for the pandemic to take its final breaths, the Dragon and the Bear have perhaps the most to look forward to in the year ahead.
22 November, 2021
In the joint declaration, after the first summit, Russia and African Union have set goals and tasks for the further development of cooperation in all areas: politics, security, the economy, science and technology, culture and humanitarian sphere.
18 November, 2021
Since Muammar Gaddafi died, Libya has been a country in war and filled with terrorists, who disguise themselves sometimes in suits and ties and pretend to be leaders. Violent intervention in Libya was not chiefly about the security of the people: it was about the security of global banking, money, and oil.
17 November, 2021
Judge Margaret Victor overturned a decision by South Africa’s Justice Minister Ronald Lamola in August this year to send Chang to Mozambique to face similar charges in the US$2 billion ‘hidden debts’ scandal.
17 November, 2021
In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa
11 November, 2021
Research suggests that the links are overstated, especially compared to Africa's voting patterns with other council members.
11 November, 2021
