Despite significant political changes in Myanmar in recent years, leaders from the country and from China have maintained a high level of mutual trust, as reflected by frequent visits and the consensus reached on a number of issues.
China’s stock markets remain in gloomy territory, with the primary Shanghai Stock Exchange Composite Index plummeting 200 points from close to 3,300 points earlier in April. In only two weeks, trillions in paper wealth has been erased.
For a long time, Chinese enterprises have given the impression of lacking core technology while having plenty of investment strength, backed by their previously accumulated wealth. But a number of acquisition deals in Asia by Ant Financial, an arm of Chinese e-commerce giant Alibaba Group, show that Chinese companies can offer not only funds but also technology input. It is becoming a new model for Chinese enterprises in going global.
Loans offered by Chinese banks for Pakistan to fend off a currency crisis make a strong case for China’s role as a far-sighted planner while it pushes ahead with the Belt and Road initiative.
The current world economic structure is mainly characterized by low growth rates in the economy, investment and trade, as well as low oil prices, interest rates and inflation. Against such a backdrop, a series of problems have emerged, such as aging societies and an imbalance in wealth distribution.
The purpose of China’s supply-side structural reform is to create a good environment and offer adequate incentives for enterprises to be innovative, so as to increase effective supply – which means that enterprises must provide new products, technology and services, or they must reduce prices by lowering costs in an innovative way. In this sense, the reform does not need any industrial policy, but improving supply-side efficiency requires a series of measures.
With significant changes expected in the world and Chinese economies in the next 30 years, China’s government and enterprises should take on their responsibilities in advancing economic development. A new type of government-business relationship should be promoted to maximize the roles of entrepreneurial spirit and enterprises’ creativity, and the government should create a good environment for enterprises to contribute to the society and the economy.
While attention was focused on China’s launch of its first domestically built aircraft carrier, the country’s long-held ambition to become a world power in chip making has been garnering fewer headlines.
China’s trust industry could use a little sunlight. The first stock market listing in 20 years is up in the air, after Shandong International Trust missed a regulatory deadline in Hong Kong. This is a pity. The initial public offering would have helped investors and regulators decipher the high-yielding trust products at the core of China’s intricate shadow-banking industry.
The tech world is widely known as the birthplace of a variety of startups, which seems especially the case in China. However, the fledgling drone market has turned out to be a tough place for startups, despite the strong growth expected for the sector.
There has been a lot of discussion about the so-called 100-day plan for China-US trade talks, aiming to boost US exports and reduce its trade deficit with China, but less attention has been paid to efforts promoting investment facilitation. In this context, plans to restart the talks over a Bilateral Investment Treaty (BIT) between the two countries should be considered.
Engineering courses are the most sought-after of undergraduate studies in India. Engineering colleges in the country churn out millions of graduates every year but according to the corporate world these graduates lack the necessary skills required for the job market.
As the annual spring meetings of the World Bank and the IMF commence, the world’s economic future appears brighter than it has in some time. The international financial institutions, not to mention many private-sector actors, are projecting significantly faster growth this year than in 2016. Is their buoyant outlook warranted?
Until recently, most macroeconomic indicators were regularly leading to downgrades in growth projections. Now, the opposite seems to be happening. The IMF’s recent flagship report raised its projection for world GDP growth for 2017 from 3.4 percent to 3.5 percent, compared to the estimated rate of 3.1 percent for 2016.
Likewise, the multi-indicator Brookings – FT TIGER Index points to a “broad-based and stable” recovery. According to these projections – which are based on models, new data, and the judgment of the particular institution or forecaster – the US, the UK, and Japan are contributing the most to the uptick in growth. India is also doing particularly well.
Being number one doesn’t just matter for individuals. It has profound importance for industries too. Before the financial crisis, investment banking was the clear career of choice for MBA graduates enticed by the prospect of money, power and prestige. Now they’re more likely to start out for Silicon Valley. Banking has lost its alpha-ness.
European shares rallied on Monday and the euro briefly soared to a five-month high following the outcome of the first round of the French presidential election.
China’s sprawling Belt and Road initiative is set to give a shot in the arm for homegrown satellite services providers, which have been gaining competitiveness relative to their foreign counterparts in recent years.
Investors are wary of a new blot on Japan Inc’s image. Camera and photocopier-maker Fujifilm said on Thursday it had uncovered some dodgy accounting abroad. The negative stock market reaction to a $200 million flub is telling.
US President Donald Trump’s doctrine of “America first” is hurting relations between his country and Mexico. Trump is committed to renegotiating the North American Free Trade Agreement (NAFTA). The tension has been growing in the last few months and it’s hard to say whether the treaty – which is set to be discussed in June or July – will survive the demands of the new US administration.