The New Trade Future in Asia Pacific

The New Trade Future in Asia Pacific

  photo: Dirk Dallas Right after the Asian-Pacific nations embraced the dream of free trade in the regional Peru Summit, President-elect Trump buried it. Last weekend, Asia-Pacific Economic Cooperation (APEC) summit made it clear that it would move forward with trade pacts; with or without the US. Right after the Lima summit, President-elect Donald Trump unveiled […]

Japan’s Great Recession: Lessons for Today’s Global Crisis

Japan’s Great Recession: Lessons for Today’s Global Crisis

  photo: Nicolas Raymond The Land of the Rising Sun emerged from the prolonged stagnation of the 1990s by carrying out various initiatives such as deregulation, privatisation and fiscal consolidation; these methods remain relevant today for many developed and developing countries. For some developed countries, the crisis that began in 2008 was far from being 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, […]

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 […]

Japan’s Impending Monetary Exhaustion

Japan’s Impending Monetary Exhaustion

  photo: Jordon Cheung Japan’s monetary gamble and Abenomics are approaching the end of the road. Neither Brussels nor Washington is immune to the adverse consequences of Tokyo’s monetary exhaustion, says Dan Steinbock. Recently, Japan’s second quarter GDP growth was revised up to 0.7 percent, after four consecutive quarters of stagnation. But don’t set your hopes […]

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 […]

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