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 […]

Chinese Growth Staying Close to Target, Despite Bleak Global Prospects

Chinese Growth Staying Close to Target, Despite Bleak Global Prospects

  photo: Thomas Depenbusch Assuming no surprises in the second half of the year, China’s growth in 2016 will remain near the target of 6.5 percent reflecting structural transition in the mainland, secular stagnation in the West and post-Brexit tensions globally. In mid-July, China’s second-quarter GDP figures beat estimates with a 6.7 percent expansion, thanks to […]

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 […]

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 […]

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 […]

1 2 3 23