Date:
28 September 2016
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. However, what about Wall Street?
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Date:
22 September 2016
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.
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Date:
22 September 2016
Today, advanced economies blame China for steel overcapacity. In reality, four decades ago Washington and Brussels opted for bad policies, which China seeks to transcend.
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Date:
9 September 2016
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.
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Date:
31 August 2016
As China assumes G20 leadership, the prospect of global “protectionism” is on the rise and the stakes could not be higher for cooperation and major structural reforms. Without continued investment and trade, secular stagnation in advanced economies and growth deceleration in emerging economies will continue to broaden.
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Date:
29 August 2016
As China assumes leadership in the grouping, Beijing a wants greater role for Africa and the developing world in the G20. When China’s Foreign Minister Wang Yi spoke in the Hangzhou Summit in May, he made it clear that Beijing intends to cooperate with other G20 countries to deliver ten outcomes. One of these focuses on Africa.
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Date:
29 August 2016
More than seven decades after 1945, international multilateral organizations continue to represent the victors of World War II, not the economic powerhouses of the 21st century. However, change is in the air.
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Date:
23 August 2016
The new Philippine president is waging a tough drug war, pushing economic growth domestically and greater pragmatism in foreign policy that could contribute to Southeast Asia’s future.
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Date:
17 August 2016
According to polls, the race to the White House is over. Clinton has won; Trump has lost. If that proves the case, US economic erosion will slow but imperial foreign policy may escalate, which has critical repercussions in Asia.
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Date:
9 August 2016
In the aftermath of the Brexit tensions, Italy is defying Brussels to bail out troubled banks and preparing for constitutional referendum in October. If Prime Minister Matteo Renzi fails to achieve adequate support, economic destabilization will shift from the UK to Italy – which could pave way to the rise of anti-establishment left or right.
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Date:
8 August 2016
As non-traditional monetary policies in advanced economies are likely to eclipse, investors will increasingly turn to gold to hedge their portfolios. Around mid-April, when the price of gold was still about $1,290, I made a contrarian projection that gold had a bright, though bumpy future. Since then, gold price has climbed to $1,365 – which translates to 6% in just one quarter.
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Date:
5 August 2016
Despite Europe’s crisis turmoil, the Swiss growth engine seems even more resilient than before – perhaps not least because it has embraced the European Union, but not the euro.
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Date:
2 August 2016
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.
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Date:
27 July 2016
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.
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Date:
19 July 2016
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.
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Date:
12 July 2016
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 Commission President Jean-Claude Juncker and Federica Mogherini, the EU high representative for foreign affairs and security policy.
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Date:
6 July 2016
This weekend G20 trade ministers shall meet in Shanghai. It is an opportunity for China to pave the way for the G20 Summit in Hangzhou in September. Led by China, G20 economies could refocus global attention to world trade and investment, even amid rising economic uncertainty, market volatility and political risk.
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Date:
4 July 2016
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 contraction.
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Date:
4 July 2016
Whatever its final impact, in the short-term the UK’s EU referendum will increase global economic uncertainty, market volatility and economic risk. In Africa, most scenarios will prove costly, particularly among those economies highly exposed to UK trade, investment, banking and remittances.
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Date:
21 June 2016
Amid secular stagnation, Europe's challenges have increased dramatically in the past few years, while new risks – particularly Brexit – have potential to trigger negative chain reactions, says Dan Steinbock. Since the European sovereign debt crisis in 2010, Brussels has avoided hard political choices. After weeks of travels in multiple European economies, I believe that’s no longer a viable option.
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