Chinese President Xi Jinping delivered a keynote speech at the opening plenary of the 2017 annual meeting of the World Economic Forum in the Swiss town of Davos. Here are 10 quick takeaways from the 50-minute address, which touched upon globalization, protectionism, world economy and China’s development among other subjects. Read Here – Xinhua
Trends such as rising income inequality and societal polarisation triggered political change in 2016 and could exacerbate global risks in 2017 if urgent action is not taken, according to the Global Risks Report 2017 Read Here – World Economic Forum Global Risks Report 2017
Had there been no financial crisis in 2007/08 with all the consequences that came with it, the economic outcomes—and, therefore, political history—of the last eight years would have been markedly different. We can talk about globalisation and income inequality until we are blue in the face, but these issues alone don’t explain what’s happening, and […]
The sheer range of known unknowns for 2017 — the outlook for China’s economy, the effect of populism on European politics, the scattergun policy-making of president-elect Donald Trump — makes a low level of uncertainty unlikely to persist. Read Here – BloombergView
Even before Donald Trump enters the White House and formally abandons a U.S.-led trade deal that represented a cornerstone of his country’s economic policy in Asia, Chinese President Xi Jinping will get a chance to prove his willingness to step into the leadership vacuum. Read Here – Bloomberg
Escaping the liquidity trap means engineering a dramatic rise in expectations for future demand growth. It means a clear departure from past practice: a regime change. And whether the tool used to engineer the shift in expectations is monetary or fiscal, it cannot occur without strong political support. Read Here – The Economist
A Trump victory could be followed by a rapprochement with Russia. This could mean lifting of Treasury sanctions on the Kremlin and a boost to investment in Russian energy assets. Does any of that sound bullish to the oil price? More investment in Russian infrastructure surely means more oil capacity from the world’s largest producer, […]
Anti-globalisation has gone global, and its apostles offer comfort and deliverance in a shared language of nationalism and xenophobia. Trumpism is partly a response to international competitive pressures, and so is the Xi phenomenon, with its triumphal message of a nation once humiliated by the West now gloriously ascendant. Read Here – Wall Street Journal
It’s a bomb! A mountain! A horror movie and a treadmill to hell! To doomsayers, China’s $25 trillion pile of public and private debt is a threat to the global economy. Or maybe it’s just a manageable byproduct of the boom that created the world’s second-biggest economy. Read Here – Bloomberg
Saudi Arabia has ended its flirtation with free oil markets. It took the kingdom’s new oil minister, Khalid Al-Falih, just six months to blink, ending the country’s two-year policy of pump-at-will. Read Here – Bloomberg
looking beyond borders 