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Pakistan Plans Replacing Dollar With Yuan In Trade With China

Pakistan Plans Replacing Dollar With Yuan In Trade With China

Pakistan is considering replacing the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China, Pakistan's Minister for Planning and Development Ahsan Iqbal said according to Dawn Online and The Economic Times. Interior Minister Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the proposal after unveiling a long-term economic development cooperation plan for the two countries, Reuters added.

China's Growth Story... Don't Look For A Happy Ending!

China's Growth Story... Don't Look For A Happy Ending!

Authored by Chris Hamilton via Econimica blog,

Many economists suggest China is on the cusp of significant growth in domestic consumer demand. 

That this rising domestic demand coupled with continued growth as the global exporter will push the global economy further.  However, I'll briefly show why neither of these outcomes is remotely likely.

Problem #1- China as Consumer:

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