China is striving for its renminbi to be considered for IMF reserve currency status. But investors and economies cling to and strengthen the US dollar, despite many glaring imbalances
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Despite criticisms aired by the United States, many of its allies have signed on for an anticipated building boom in Asia.
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The debate is not just in India, as witnessed around the recent price hikes. Developing countries of Asia and Africa are coming under increasing pressure to balance their budgets by cutting fuel subsidies
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