https://sputnikglobe.com/20150320/1019789141.html
Global Economic Core Inexorably Moves to the East
Global Economic Core Inexorably Moves to the East
Sputnik International
Britain and some other major European powers have decided to become a founding members of a new Chinese Bank, the Asian Infrastructure Investment Bank which is... 20.03.2015, Sputnik International
2015-03-20T16:10+0000
2015-03-20T16:10+0000
2022-08-06T13:48+0000
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brave new world, shows, china, richard wellings
brave new world, shows, china, richard wellings
Global Economic Core Inexorably Moves to the East
16:10 GMT 20.03.2015 (Updated: 13:48 GMT 06.08.2022) Britain and some other major European powers have decided to become a founding members of a new Chinese Bank, the Asian Infrastructure Investment Bank which is positioned to act as a competitor to the Asian Development Bank chaired by Japan and the US.
A shift in core global economic activity from the West to the East can now clearly be seen. Just how important is this, should we all be buying Yaun and real estate in Shanghai suburbs (as the centre is already too expensive)?
Dr. Richard Wellings, Deputy Editorial Director at the IEA — The London-based institute of economics affairs explains just how important this and other recent Eastern financial developments are.
