A New Banking Crisis?

A New Banking Crisis?

Bad Numbers Today, there are over $3 trillion in stressed loan assets, compared to around $1 trillion of US sub-prime loans which was the catalyst for the 2008/2009 crisis. The World Bank estimates the ratio of non-performing loans (“NPLs”) to total gross loans is comparable the 2009 levels of 4.2% in 2009. Several loci of […]

Will China Save the World?

Will China Save the World?

The Chinese leader Xi Jinping advocates globalization, which may increasingly aid the long-term development of the world economy. The US president Donald Trump does not serve globalization or even hinders the development of the world economy. Maybe some of his actions will revive the US economy in the short run, but they are harmful to […]

China’s Rise in Global Robotics: Toward Consolidation

China’s Rise in Global Robotics: Toward Consolidation

photo: Tecnalia Chinese robotics is positioned for leadership in global robotics, as the emerging industry is moving toward increasing rivalry and consolidation. In the new and emerging industry, the rise of innovative robotics startups heralds the future. In 2016, almost 130 companies were funded by venture capital, including China-based RooBo, Israeli Roboteam, and German ReActive Robotics. […]

The Emerging Market Economies and the Appreciating Dollar

The Emerging Market Economies and the Appreciating Dollar

photo: Chris Palmer U.S. policymakers are changing gears. First, the Federal Reserve has signaled its intent to raise its policy rate several times this year. Second, some Congressional policymakers are working on a border tax plan that would adversely impact imports. Third, the White House has announced that it intends to spend $1 trillion on infrastructure projects. How all these measures affect […]

What Is Fueling the Ecommerce Boom in China?

What Is Fueling the Ecommerce Boom in China?

photo: JERRYANG China, with its staggering population of over 1.4 billion, has more internet users than any other country in the world. More internet users translates into more ecommerce shoppers, making China the largest and fastest-growing ecommerce market in the world.   With $630 billion in sales in 2015, China’s ecommerce market dwarfs all others, being […]

India, China face trade choices

India, China face trade choices

photo: Dirk Dallas In the coming years, China and India must decide whether their bilateral ties will be based on economic cooperation, political facilitation and strategic trust – or economic walls, political barriers and strategic containment. In early October, militants attacked an Indian army camp in Indian-administered Kashmir, killing a soldier. In this contested region, the […]

China’s Q3 Indicates Cyclical Stabilization, Secular Challenges

China’s Q3 Indicates Cyclical Stabilization, Secular Challenges

photo: Allan Watt According to the third-quarter data, China’s economy grew 6.7 percent for a third consecutive quarter. Critics claim otherwise. Yet, the real disagreement involves business cycles and secular trends. China’s sequential growth is now at 7.2 percent; fastest in three years. Manufacturing and service sectors may have bottomed around 2015/16 and have risen since, […]

US 2016 Election: Will US-China Relations Change

US 2016 Election: Will US-China Relations Change

photo: DonkeyHotey After one of the most degrading races in postwar history, US presidential campaigns are getting still dirtier. But will US-China relations change? As Wikileaks has disclosed information about Hillary Clinton’s email and Benghazi scandals and deep ties with Wall Street, her campaign, with its cozy media relations, is promoting Donald Trump’s obscene tapes and […]

China’s International Renminbi Is Coming – Is Wall Street Ready?

China’s International Renminbi Is Coming – Is Wall Street Ready?

photo: Craig Engleson On October 1, the Chinese renminbi officially joins becomes the fifth international reserve currency. Until recently, Washington played geopolitics to defer the renminbi’s internationalization. But what about Wall Street? On October 1, 2016, the Chinese renminbi (RMB) will officially join the International Monetary Fund’s (IMF) international reserve assets; that is, the SDR (Special […]

G20: Overcoming Protectionism, Emerging Growth

G20: Overcoming Protectionism, Emerging Growth

  In Hangzhou, China began the push for G20 to overcome protectionism and fuel global growth prospects. That is vital to reverse stagnation in advanced economies and slowdown in emerging nations. On September 4-5, the leaders of the G20 economies met in Hangzhou. The summit had great symbolic importance that was easily understood in emerging […]

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