Samsung Electronics reported the most profitable quarter in its history on Thursday, with operating profit of 107.4 trillion won on revenue of 195.3 trillion won, and still watched its shares close more than 4% lower.  At one point they were down 6.6%. The KOSPI, which had broken above 6,000 the day before, slipped back under […]

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Designed to dwarf even the Marshall Plan, the American program to rebuild Europe after World War II, China’s Belt and Road Initiative (BRI) was first unveiled by President Xi Jinping in a 2013 speech at Nazarbayev University in Kazakhstan. Beijing later pledged to invest US$1 trillion, and by some estimates as much as $8 trillion, […]

The post China’s Belt and Road hasn’t lived up to Xi’s promise appeared first on Asia Times.

Luiz Inacio Lula da Silva’s re-election on October 25 may have frustrated Donald Trump’s ambitions in Latin America, but the more consequential story lies beyond the ballot box on China. Brazil’s relationship with Beijing is now so deeply embedded in its economy that even a president more sympathetic to Washington would struggle to unwind it. […]

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