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Image: Maksym Yemelyanov/Adobe Stock China saw 2.1% growth in 2020, an amazing accomplishment given that the economy was shut down for nearly six months. And this year, the World Bank projects 7.9% growth for the world’s factory. Thanks to a successful COVID-19 containment policy, China has emerged from the pandemic largely unscathed. Consumer spending, infrastructure, factory production, and private investment all experienced major upswings in the second half of last year. As a result, China saw 2.1% growth in 2020, an almost unbelievable feat given an economy that was shut down for nearly six months. Add President Biden’s willingness to at least restart talks with China, the recently signed EU-China trade agreement, and the lifting of COVID lockdown orders throughout the United States, and it certainly appears that China, the United States, and the world are heading in the right direction. ....
Replies(22) Zuckerberg could buy every Californian free In-N-Out for almost 10 months. (Mark Lennihan | AP) CALIFORNIA The coronavirus has wreaked havoc on the U.S. economy, yet billionaires in California and across the globe are significantly wealthier than they were a year ago, according to this year s recently released Forbes World s Billionaires List. The number of billionaires on Forbes 35th annual list jumped to an unprecedented 2,755 people, 660 more than a year ago. Altogether, they are worth $13.1 trillion, up from $8 trillion in 2020. Among those on the list, 86 percent are richer today than they were a year ago. Subscribe The numbers will likely spark outrage, writes Forbes Chief Content Officer Randall Lane. There s no getting around a collective $5 trillion wealth surge during a pandemic, when most of the world felt scared, sick, besieged, he wrote in a comprehensive essay titled Operation Wealth Speed. ....
VIT students pursuing a business administration honors degree may complete their studies at RIT RIT’s partnership with Vellore Institute of Technology has expanded to allow VIT students to spend the latter two years of their undergraduate business studies in RIT’s Saunders College of Business. Rochester Institute of Technology’s long-standing partnership with India’s Vellore Institute of Technology (VIT) began long before the relationship was formalized in 2009. Since then, more than 40 VIT students have completed their undergraduate or graduate studies at RIT’s Henrietta campus. In 2020, the partnership officially expanded to allow VIT students to move into RIT’s Saunders College of Business for the latter two years of their undergraduate business studies. ....