China’s Devastating Floods: From Adaptation to Mitigation

China’s Devastating Floods: From Adaptation to Mitigation

photo: LanguageTeaching After weeks of torrential rain across central and southern China, the mainland has suffered from a series of devastating floods. As the total price tag has soared, the impact will be felt in economic growth. By mid-July, almost 240 people had lost their lives and nearly 100 were missing, as China’s floods had been […]

Time for Reset and Realism in the South China Sea

Time for Reset and Realism in the South China Sea

photo: U.S. Pacific Fleet After the South China Sea arbitration ruling, uncertainty and friction may increase in the region. However, the economic promise of China’s rise and the Asian century will only materialize with peace and stability in the region. On July 12, the international court in The Hague ruled in the dispute between China and […]

Why the EU-China Summit Must Succeed

Why the EU-China Summit Must Succeed

photo: European External Action Service The annual China-EU Summit is a great opportunity for Beijing and Brussels to align complementary investment agendas. Failure is no longer an option. The annual EU-China Summit will take place in Beijing in mid-week. The high stakes are reflected by high-level participation, which includes the European Council President Donald Tusk, European […]

Hong Kong’s Choice Between Hope and Despair

Hong Kong’s Choice Between Hope and Despair

photo: Long CHUNG Today, Hong Kong faces great economic uncertainty and unprecedented market volatility. Recently, Hong Kong’s financial secretary John Tsang Chun-wah warned that the city’s economy is facing its “worst time in 20 years.” In the past half a decade, growth has more than halved close to 2.5 percent. With Brexit chills, analysts expect a […]

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

How the Brexit Referendum Will Foster Uncertainty, Volatility and Risk

photo: Rareclass The UK’s EU referendum is too tight to call, which will virtually ensure protracted economic uncertainty, market volatility and political risk. The worst has already happened. On June 23, the UK will have its referendum on the European Union (EU) and the Brits will decide whether they should remain in or leave the EU. […]

The French Endgame about Labor Reforms: Europe’s Summer of Discontent

The French Endgame about Labor Reforms: Europe’s Summer of Discontent

photo: Tim Lam French government wants structural reforms, but unions and most people don’t. As political friction is escalating, Paris is preparing for the Euro 2016 football tournament, which is attracting terror efforts by radical right, ultra-left and the jihadists. At the same time, the country has been pummeled by ‘once-in-a-century’ flooding. As long as the […]

FED’s Expected Hikes Fuel Unease in Currency Markets

FED’s Expected Hikes Fuel Unease in Currency Markets

photo: FAB O LENS Renewed allegations of “currency manipulation” in the US-China bilateral agenda have less to do with the Chinese renminbi than US election politics and the Fed’s anticipated rate hikes. Even before the start of the eighth and final Strategic and Economic Dialogue (S&ED) of the Obama administration, the issue of the exchange rate […]

Anti-Corruption Drive – Critical to Future, International by Nature

Anti-Corruption Drive – Critical to Future, International by Nature

photo: Cabinet Office No inclusive growth is conceivable without success in Nigeria’s anti-corruption drive. Today, that struggle is increasingly global. In mid-May, the world’s first anti-corruption summit took place in London. During the event, the chairman, UK Prime Minister David Cameron was caught on open mike disclosing to Queen Elisabeth II that attendants included some “fantastically […]

From Record Highs to Equity Exodus amid Rising Global Risks

From Record Highs to Equity Exodus amid Rising Global Risks

photo: Nicolas Raymond This is the year of historical, elevated economic, political, strategic, and policy risks. Until recently, these potential perils were largely discounted in the market – but now the unease is evident and rising. Ostensibly, US markets are not far from their all-time highs. And yet, the most watched market indices reflect extraordinary unease […]

Advanced Manufacturing May Change the Rules of Economic Development

Advanced Manufacturing May Change the Rules of Economic Development

photo: Tecnalia As advanced manufacturing is about to accelerate in China, the rules of economic development could change across the world.  About a year ago, China’s State Council unveiled a national plan, “Made in China 2025,” which seeks to upgrade China’s manufacturing base. The ultimate objective is to transform China into the leading global manufacturing power […]

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