important to mention that he has generally softened his stance in the last few years and on the campaign trail since he served as vice president in taiwan he has really espoused more of a pro status quo, the idea that he will inherit the foreign policy and domestic policy of the outgoing president and that suggests there will not be any radical change and we do not expect him to formally declare independence anytime soon. that said, the question here is will china believe that? policymakers in beijing are so incredibly wary of his intentions and they are also going to be smarting from the fact that this is the third consecutive victory by the dpp, and so looking forward i think we can expect a lot of anxiety at least over the next few months or even years. let s talk a little about trade and what the consecutive succession under the dpp could mean for trade with china. that is an interesting dynamic to look at because as strained as the relations are under the dpp, economics
Volumes are now coming back in the last week since these offshore platforms have been banned. Bloomberg quoted Industry Experts saying nearly 4 Billion worth of Crypto Currency assets have been traded on offshore platforms and that could be a bunch of money that is evading taxes on indian soil and that is the reason. Before we go looking at other key economic events on the calendar this week, india is due to release December Trade data on monday. The Countrys Trade Deficit talents surged to a Record Level last year. Mid week, a lot of attention will be on china as the worlds second largest economy is set to unveil a slew of data, including Growth Figures for the final quarter and all of last year. Also the five day annual meeting kicks off in the swiss Alps Resort of davos
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It has been hard to find any cause for cheer in India’s trade figures of late. The data for December released by the government on Friday, however, offered some relief. The numbers show a turnaround in imports, with inward shipments showing a gain of 7.6% over that month a year earlier, the first rise in 10 months. Ordinarily, higher exports is what we look for, given our unfavourable trade balance. But right now, the state of Indian demand is a concern, and the December uptick indicates an impulse for normalcy on the external front. Much of the rise was thanks to a 14.3% increase in non-oil shipments, which included machinery and intermediate products, among other items. It is a good sign that the country imported more of those at the fag end of a year that saw global trade suffer a covid seizure and our economy contract for the first time in decades. The World Trade Organization (WTO) had pr