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Anyone who has been to China would have noticed how much more expensive foreign goods cost there. From Starbucks to Nike, Haagen Dazs to Prada, foreign brands are often sold at a hefty premium in the Mainland.
This infographic explains why this is so and sheds some light on why there are often throngs of Chinese shoppers queuing up outside a luxury store in Hong Kong or anywhere else around the world.
On Independence Day 2014, India’s Prime Minister Narendra Modi launched his financial inclusion plan to provide a bank account to every Indian household. His ‘Jan-Dhan Yojana’ (Scheme for People’s Wealth) — which, in typical Modi vernacular, plays on rhyming words — seeks to provide financial independence to unbanked Indians through a two-phase plan. Read more
Jeffrey D. Sachs,
Mohamed A. El-Erian,
Mario Blejer & Eduardo Levy Yeyati,
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