Blog of Rojin

Chinese Economy China is a country with second largest economy of the world. Despite the impact of COVID-19 pandemic, China managed to achieve 8.1 per cent GDP growth last year (2021). It is largest growth rate of China in a decade. It surpassed its own government’s 6 per cent target. This figure may look impressive but is not quite strong as it seems. China’s growth m omentum was much wea ker  in the second half of the year (4 % growth) than in the first half (12.2 %), owing largely to the government’s efforts to rein in the real estate sector which contributes around 30% of China’s G DP.  The economy of China is centrally planned where majority of resources are under the control of government. Any real estate company of China may take land on lease and build a building in order to operate it's business. Demographic structure of China With almost 96 Lakh km 2  (37 Lakh sq. miles) of total surface area, China is the 4th largest country in the world after Russia, Ca...

I tried to learn about currency pegging and positive and negative aspect of currency pegging in the context of Nepal. I have prepared this article based on my learnings. Let's proceed... What is Money and currency? Money is an intangible item with value that makes the exchange of goods and services possible. They can be in the form of currency notes, cheques, drafts, letter of credit, bills of exchange, promissory notes etc. (defined in Nepal Rastra Bank Act, 2058) while “Currency Note” means paper money or coins that are in circulation. Previously, currencies of a country were backed up by gold and other precious metal which was called gold standard where each coin or note could have been exchanged for a fixed amount of a currency. Today, majority of countries have left gold standard due to various economic scenarios faced over time (Gold standard can be discussed some other day). Today, majority of currency has followed fiat money (does not possess intrinsic value in itself n...