The US, under the Trump administration, should seriously consider joining the Asian Infrastructure Investment Bank (AIIB). Why?
Madagascar hopes to participate in the China-proposed One Belt and One Road initiative to better integrate itself into regional and global economic development, which will help improve the country’s competitiveness.
Rebalancing global savings and investment requires a negative real interest rate at the global level, but due to constraints from the nominal interest rate and depressed inflation, there isn’t much room for further downward adjustment to the real interest rate. Global savings are expected to far exceed investment for a long time, pointing to the continuation of the world’s economic downturn.
There is enormous potential for cooperation between the EEU and the OBOR initiative. The EEU’s economy is highly complementary to China’s, which calls for efforts to tap the potential for further cooperation.
If Trump doesn’t want manufacturing revitalization to end up as just a campaign promise, he should consider seeking cooperation with China on the B&R initiative.
It is undeniable that the Fed has a more mature and advanced theory about its monetary policy adjustment, while the PBC is at a more exploratory stage. But the PBC has gradually learned to make its own decisions in terms of the direction for monetary policy, instead of being affected by external factors. What’s more, the central bank was quick to give an explanation about its move this time, signaling an active response to questions and the anticipation of avoiding unnecessary misunderstandings.
These problems that OECD identified can provide guidance for China as it seeks to reform its foreign aid mechanism and deepens cooperation with African countries.
To promote stability as a recovery foundation, it is important that China maintains long-term policy orientation to avoid unnecessary fluctuations.
The economic complementarities and great strategic interests between China and Saudi Arabia will make China an important part of King Salman’s trip, with economic and trade cooperation the key issue of King Salman’s visit. Also, with the US greatly slashing oil imports from Saudi Arabia, China has become the largest buyer of Saudi oil, and Saudi Arabia is one of China’s biggest sources of crude oil. Given the high proportion of energy trade in bilateral trade, Saudi Arabia’s top priority is to expand its share in China’s energy market. Meanwhile, both parties may aim to actively promote cooperation in the downstream oil sector.
In addition to spotty cellular coverage, a host of unlimited plans are not exactly “unlimited.” For example, users of Verizon’s unlimited plan face the risk of throttling their data speeds after going over 22 gigabyte of data, and the plan also stipulates mobile hotspot will be reduced to 3G speeds after 10 gigabyte of data usage per month.
First, it may be hard for the US to launch a renegotiation, which requires a go-ahead from Canadian and Mexican leaders.
Therefore, whether the Fed raises interest rates in March or not, investors should be cautious toward buying into dollar assets in the short term.
A reasonable level of tourism development is a must, but by no means should the city turn into a paradise for tourists or a hot place for development. Otherwise, the natural ecological environment of the surrounding waters will be ruined. The possible set-up of Sansha as a role model for environmental protection in the South China Sea is therefore of vital importance for green efforts in the entire South China Sea.
If China wants to push forward the B&R initiative in Eurasia, a key priority is to enhance mutual trust between China and Russia.
China’s One Belt and One Road initiative, or the Silk Road Economic Belt and the 21st-century Maritime Silk Road initiative, should prioritize the development of the “One Road.”
As long as market monopoly is removed and SOEs and private companies are treated equally by the law, market competition will automatically enable the survival of the fittest and force SOEs to implement institutional reforms.
Furthermore, diversified ways of financing need to be developed to offset risk and avoid passing debt risks onto Chinese policy banks.
At a discussion with foreign experts in Shanghai in May 2014, Chinese President Xi Jinping noted that “the Chinese nation has the fine tradition of respecting and cherishing talent. Now we need to open a wider road for inviting talent worldwide than at any time in history. A more open policy for talent should be adopted,” according to the Ministry of Foreign Affairs.