The most innovative country in the world is neither a developed European country or the US. Based on a study by Ana Maria Santacreu at the St.Louis Fed, China leads the world in innovation based on the number of patent applications filed by year: Click to enlarge Source: Chart of the Day: The Most Innovative …
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China is one of the major emerging countries in the world. As the country is a major consumer of many global commodities and is a top exporter of cheap goods to most developed countries, China plays an important role in the global economy. Since China is also a major holder US debt chnages in the Chinese …
Continue reading ‘China vs. USA and World: Select Metrics 2013-2016’ »
China opened a major high-speed rail line linking Shanghai in the east with Kunming, the capital of Yunnan province in the SouthWest. The line is 2,264-kms in length and passes through five provinces – Zhejiang, Jiangxi, Hunan, Guizhou and Yunnan. It cuts the travel time between the cities from 34 to just 11 hours according to China Daily. …
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Similar to other emerging countries, the internet penetration rate is much higher in urban areas than rural areas in China. More people are also using the web and mobile phone apps to perform everyday’s activities such as reading news, managing wealth, etc. In June 2015, the percentage of people using mobile phones to trade stocks was …
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China is building infrastructure not only within the country but also outside of China. Currently two major initiatives are underway to create China’s 21st century silk roads for trade and economic cooperation between the country and rest of the world. 1. China’s Land Silk Road Map This initiative involves building rails, roads and pipelines to …