Actions speak louder than words and this energy project will help clear suspicions over the real intentions behind China’s strategic push. Especially India, which tends to believe CPEC would undermine its influence in the Indian Ocean, should stop being nervous and think of how it might be a beneficiary of China’s green technology.
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.
Britain’s poor productivity faces a new threat from Brexit. As in most developed countries, UK companies are finding it harder to produce more without adding extra workers or capital. The notable exceptions are exporters and foreign-owned firms. If leaving the EU squeezes trade and shrinks foreign investment, British living standards will suffer.
In light of this, China should ramp up efforts to push for supply-side reforms in its property market, which means not only building more public housing, but enabling resources that range from education to healthcare to employment to be distributed more fairly across different cities so as to ease the man-made housing imbalance in bigger cities of the country. Otherwise, property curbs that are put into place in certain cities, while being absent in other cities, often seem to be providing opportunities for speculation.
China’s first regulation on overseas investment is likely to be introduced this year, in which the government will identify outbound investment behaviors that it will encourage and ban, the Economic Information Daily reported Tuesday. Tighter controls on outbound direct investment (ODI) will help rein in irrational investment and prevent corrupt Chinese officials from transferring assets overseas.
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.
China’s plan to allow investors in the Chinese mainland and Hong Kong to trade each other’s debt is good news for the Special Administrative Region. By making it easier for foreigners to trade onshore bonds, the tie-up means Chinese debt is more likely to join benchmark global indexes. And allowing mainland investors into Hong Kong’s fixed income market will deliver a fresh source of liquidity. Both results will benefit Hong Kong’s financial industry.
China is one market where interest in futures is particularly strong. There futures continue to prove attractive to investors whose investment options are more limited than in other markets. Those keen to diversify beyond the stock market and an over-invested property market have few alternatives. The downward pressure on the yuan, which is essentially cutting into the purchasing power of a Chinese middle class increasingly inclined to travel and spend abroad, coupled with recent measures by the government to restrict capital outflows, have added to the appeal of futures trading.
China has fully complied with UN resolutions and is committed to the denuclearization of the Korean Peninsula, but this does not mean China, North Korea’s biggest trade partner, should suspend all of its business transactions with the country to create a humanitarian crisis and overthrow its regime. At the diplomatic level, Beijing needs to safeguard legitimate rights and interests of Chinese enterprises that have normal business dealings with North Korea, and to prevent US authorities from extending sanctions to Chinese firms.
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.
France’s presidential election is fomenting deep anxiety in markets. Currency options prices show investors have rarely been so worried about how a single event might weaken the glue that holds the EU together. Blame far-right candidate Marine Le Pen, whose promise to reshape ties with the EU if she wins would be an existential test for the bloc.
Our experience around the world, and our foundational belief as a company, is that an important part of the answer to all of those problems is having financial markets that are more transparent, more integrated and more complete.
In regards to the future, the development of Sino-Philippine relations requires more and stronger cooperation. The cooperation framework between the two countries has already been established, which is expected to grow stronger. In the future, China and the Philippines also need to boost their mutual political trust so as to lift the current strategic cooperation partnership to a new height.
If New Delhi is unable to persuade other nations to abandon the OBOR, one practical approach is to get involved in the initiative in a bid to promote the development of the OBOR in a direction that is favorable to India.
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.
There have been considerable arguments over whether China should join the trade deal. However, China is light years away from TPP inclusion, judging from varied aspects that include the future outlook for TPP negotiations, the procedures required for the trade pact’s expansion, the acceptability of the deal’s terms on China’s part as well as the complexity of moving forward with trade negotiations. It is therefore pointless and unnecessary for arguments to pivot around whether or not China should join the deal.
Snap’s $3.4 billion float opened the gates to a series of IPOs by unicorns and smaller beasts alike. All are expanding, yet losing money. These highly valued private startups need more cash, and investors are desperate for growth. Both sides have likely decided a marriage of convenience, if not of love, is the best they can hope for.
With the implementation of the One Belt and One Road initiative, the manufacturing sector should also pay more attention to going out as well as introducing in. While continuing the study of the world’s advanced technology and management experience, Chinese manufacturing enterprises should actively expand their presence around the world, making an example for the new globalization.