๐ต Chinaโs Currency Ascends As De-Dollarization Gathers Pace
โก๏ธ As of March 2024, over half of Chinaโs international payments were settled in renminbi (RMB), surpassing the U.S. dollar (USD) for the first time. This marks a significant milestone in
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Anonymous 4
Hey I am on Medialย โขย 10m
If more countries start settling trade in RMB, we could see a major shift in global financial power. The next decade will be interesting.
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๐ต Chinaโs Currency Ascends As De-Dollarization Gathers Pace
โก๏ธ As of March 2024, over half of Chinaโs international payments were settled in renminbi (RMB), surpassing the U.S. dollar (USD) for the first time. This marks a significant milestone in
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China's Trade with Middle East, Russia, and Central Asia Surpasses Trade with US and Reaches EU Levels in 2023.
It shows Middle Eastern and Central Asian Countries shift from West towards China.
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In just a decade (2015-2025), India's GDP has doubled from $2.1T to $4.3T โ a 105% growth! ๐๐ฅ
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๐ฎ๐ณ India has become the leader in IPOs for 2024, surpassing China and the US - Financial Times.
๐ Top countries by number of IPOs โ
1๏ธโฃ India โ 310 IPOs
2๏ธโฃ USA โ 226
3๏ธโฃ South Korea โ 117
4๏ธโฃ China โ 84
๐ Itโs highly likely tha
๐ต The Global Decline of Cash: Opportunities for Fintech Startups
โก๏ธ Recent data from WorldPayโs Global Payments Report 2024 reveals a significant shift in global payment trends, with cash transactions declining rapidly worldwide. This trend present
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Arcane
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By the end of this decade, we would see a major shift in the way income is distributed over Indian households due to rise in per capita incomes.
What's interesting is that the Elite group will have the highest growth of 2.3x over this period!
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Two Major Developments Reshaping the Global Economy in Recent Days
The global economy is constantly evolving, influenced by policy changes, technological advancements, and market forces. In recent days, two critical events have sent ripples through
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Top 15 Major World Stock Indices in 2024:
In 2024, global financial stock markets will closely monitor five major stock indices that represent economic health and investor sentiment across key regions: Providing detailed, real-time information, incl
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How This Could Lead to a Global Conflict:
1. U.S.-Iran Tensions Escalate
The Houthis, are backed by Iran, which means U.S. military action against them is indirectly a strike against Iranโs regional influence. If Iran retaliatesโwhether