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Knowledge at Wharton | January 24, 2011 Building on the foundation of the well-known BRIC countries — Brazil, Russia, India and China — a new set of up-and-coming emerging markets is gaining attention. The so-called “CIVETS” countries — Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – are now touted as hot markets because they have [...]
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If you wanted to show what it’s like to be part of China’s economic “miracle” today, you couldn’t do better than the opening image of “Last Train Home,” a 2009 documentary now being released in the U.S. It’s an overhead shot of thousands of people, crushed together in the rain outside the Guangzhou train station. [...]
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1) China now holds US$ 2,3 trillion in foreign reserves. Total foreign reserves held internationally = $ 9 trillion. China ranks No. 1 in foreign reserve holdings globally, the top 3 countries are all BRIC countries and the US ranks No. 20 in foreign reserve holdings. 2) After WWII Asian economies contributed 2% towards global [...]
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How to get on and off the non-stop high speed train! A new Chinese train innovation – How to get on & off the bullet train without stopping. VERY COOL CONCEPT ! No time is wasted. The bullet train is moving all the time. If there are 30 stations between Beijing and Guangzhou, just stopping [...]
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