The next Singapore or Dubai?

Here's today's Big Take.

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Nov. 29, 2022

Cattle graze by a new development in GIFT City. Photographer: Zishaan Akbar Latif for Bloomberg Markets

Read the story To lure investors turned off by India's substantial bureaucracy, the country has created a city where none of the usual rules apply. Taxes are suspended; so are limits on currency trading. There's plenty of air conditioning, and in an otherwise dry state, the liquor flows freely. Will it be enough to compete with Singapore and Dubai?  Read The Big Take.

Listen to the podcast China's lending billions of dollars to fund big, expensive projects in Asia, Africa and, notably, Latin America — right next door to the US. Today The Big Take podcast looks at what China's trying to accomplish and why the US has been slow to respond or match its advances in the Americas. Plus, from Buenos Aires, what happens when China comes calling with bags of cash.  Subscribe and listen on iHeart, Apple and Spotify.

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