How the internationalization of China’s currency could offset the global trade slowdown

Photo: Telegraph
Photo: Telegraph

The start of 2016 has seen a tumultuous start for the global financial system. Oil prices have descended below $30 a barrel and economic developments in China have brought episodes of volatility – trading in the Shanghai Composite Index was halted twice in the first week of the year due to sharp selling.

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Three lessons from Mongolia’s ‘wolf economy’

Courtesy of www.npr.org The mine at Oyu Tolgoi, Turquoise Hill in Mongolian, will be one of the world's largest copper mines in about five years. An employee holds up a small sample of the oxidized copper that gave the mine its name.
Photo: NPR
The mine at Oyu Tolgoi, Turquoise Hill in Mongolian, will be one of the world’s largest copper mines in about five years. An employee holds up a small sample of the oxidized copper that gave the mine its name.

Mongolia is, by all accounts, resource rich. Just one of its mineral deposits is said to be the size of Manhattan. As of 2011, its untapped precious metals and minerals were estimated at $1 trillion. Its capital Ulan Bator has a vibrancy reminiscent of South East Asia’s ‘tigers’ in the 1990s. It is clear that amid its vast potential mineral wealth, Mongolia is on the cusp of fully engaged economic and geopolitical relationships with its neighboring economic trading partners – no small feat considering they are Russia and China.

Continue reading “Three lessons from Mongolia’s ‘wolf economy’”