The Belt and Road Initiative (BRI) was established by Chinese President Xi Jinping in 2013. BRI consists of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It aims to boost connectivity along and beyond the routes…
Forty years ago, China’s Reform and Opening was initiated by Deng Xiaoping at the Third Plenum of the Eleventh Central Committee. Since then, China has made great economic progress, with its share of the world economy growing ten-fold from 1.8…
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution originally proposed by China. In Beijing on October 24, 2014, twenty-one nations signed a Memorandum of Understanding (MoU) that formally established the AIIB. In addition to China, the initial…
The Chinese Renminbi (RMB) is emerging as a new global currency. Internationalization of the RMB began in 2009 with the launch of the RMB Cross-Border Trade Settlement Pilot Scheme by Chinese authorities. Under the terms of this initiative cross-border transactions…
Asian nations are leading the recovery from the global economic and financial crisis. Compared to other areas, Asia performed relatively well in the difficult global economic environment of 2009. Decisive policy responses enabled Asia to become the first region to…
The Royal Statistical Society celebrated its 175th anniversary year in 2009. Founded in 1834 as the Statistical Society of London, it has a history of progress and accomplishment in academic research and professional practice in the field of statistics. Celebration…
The Asian Development Bank and the World Bank recently published forecasts of current economic growth rates for various countries. The results include annual rates of 7.2 percent for China, 5.1 percent for India and 3.6 percent for Indonesia. By contrast,…