China is now the second largest economy in the world

China has now overtaken Japan and is the second largest economy after the USA.  If growth continues at the current rate, China is expected to overtake the USA in another 20 years to become the world’s largest economy.

According to the IMF in 2010, the top 10 economies in the world are: Read more

Biggest UK Government trade delegation heads to China

The British Prime Minister David Cameron will this week lead the biggest ever UK Government trade delegation to China. He is clear that UK firms should seek to explore opportunities for expanding their business in China, the world’s second largest economy and the UK’s ninth largest export market. Read more

South Africa moves to strengthen ties with China

South Africa’s President Zuma is this week on a state visit to China to build stronger partnerships and increased trade and investment.  He will have visited all four of the BRIC (Brazil, Russia, India and China) countries in a little over a year after taking office.

Find out more about how South Africa is strengthening its ties with China>>

South American economies on the mend from the recession

South American countries are emerging faster and stronger from the global recession than the United States and most European countries who are fretting over massive deficits and flimsy recoveries.  It is primarily fuelled by a huge demand in Asia for iron ore, tin and gold from the region.  The World Bank forecast indicates that Latin America’s economy will grow 4.5 percent this year. Read more

Africa is Europe’s Equal Trade Partner

South African Vice President, Kgalema Motlanthe, has urged European countries to embrace Africa as an equal trade partner and stop looking at it as a place to be exploited of its rich minerals, as has historically been the case.

Read the full story about Africa as an equal trading partner>>

Sarkozy threatens to pull France out of the Euro

With the massive deal to provide finance to Greece under negotiation, it is suggested that President Sarkozy of France threatened to pull France out of the EuroZone if Germany did not agree to the terms of the financial package.

Read more about France’s threat to pull out of the Euro>>