750,000..

That, according to one estimate, is the number of rural Chinese poor who have moved to Africa as part of the Chinese government’s policy of building deep economic ties with the continent. These workers are building railways, electricity grids and even tilling the land. Chinese and African officials want millions of Chinese rural poor to follow them, arguing that they will earn money and help...

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  • Soap, Shampoos & Mutual Funds
    Pity the Indian mutual fund investor. To the list of hundreds of Indian funds, dozens of new funds are being added every month. From the so-called quantitative funds to arbitrage funds, to sector funds, new flavours are coming thick and fast. The reason is simple. Fund companies continue to treat their products like soaps and shampoos – new fragrance, new packaging and new...
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  • Cracked!

    Speculative fever in the real estate market has cooled and MoneyLIFE Realty Index has skidded. Abnormally high prices and rentals, ultra luxury appartments, millions of square feet for malls and IT parks, are suddenly in jeopardy. Where is the real estate market headed? Debashis Basu finds out

    Until a few months ago, the only talk at cocktail parties that could rival the chatter about...

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