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looking beyond borders

foreign policy and global economy

Archive for the tag “Economy”

Kazakhstan’s Leader Nursultan Nazarbayev Resigns

Kazakhstan’s President Nursultan Nazarbayev has abruptly announced his resignation 29 years after taking office. In a televised address on Tuesday, the 78-year-old said he has made the “difficult” decision to terminate his authority as president, but did not give a specific reason for the shocking decision.

Read Here – Al Jazeera

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Emerging Markets Aren’t Out Of The Woods Yet

How should emerging-market governments deal with the new original sin? One way would be to develop a large domestic institutional investor base that sets its objectives in domestic currency terms and is thus insulated from exchange-rate swings. National pension systems contribute to this goal, and many emerging-market countries, such as Chile and Mexico, have made solid progress in this direction.

Read Here – Foreign Affairs

China’s Economic Black Box

The accuracy of China’s official growth statistics is once again in question. Last week, at the annual “two sessions” conference, Premier Li Keqiang announced that China would reduce its 2019 target for GDP growth to between 6 and 6.5 percent—previously, it was “around 6.5 percent.” That same week, a group of Chinese economists published a paper with the Brookings Institution concluding that China’s official nominal growth rates from 2008 to 2016 were being overstated by as much as 1.7 percent.

Read Here – Foreign Policy

The Relationship Between The Size of China’s Economy And Its Military Posture

There is no question at this point that the relative sizes of the U.S. and Chinese economy today are much closer than those of Japan and the U.S. in the interwar period. And long story short, underselling the size of the Chinese defense budget and overselling the size of the Chinese economy does tend to obscure the magnitude of China’s defense buildup.

Read Here – The Diplomat

Is America Becoming Trump’s Banana Republic?

The Trump show is endlessly distracting in a way that would be familiar to any connoisseur of the Latin-American strongman. The Wednesday-afternoon Oval Office appearance alone had enough fodder for countless talk-show segments: Trump grounds the airplanes! Trump lies about building the wall! Trump lies about being vindicated in the special-counsel probe —even when a federal judge says, in court, that he hasn’t been!

Read Here – The New Yorker

The Problem With Xi’s China Model

As Xi begins his second five-year term as CCP general secretary and (soon) president, there are signs that the new model’s very successes are becoming liabilities. Too much party control is contributing to a stagnant economy and societal discontent, while too much ambition has cooled the initial ardor with which many in the international community greeted Xi’s vision of a new global order “with Chinese characteristics.”

Read Here – Foreign Affairs

Does Trump Really Want To Win The Trade War?

President Trump appears to be getting advice on China policy from World Wrestling Entertainment (WWE). It’s all starting to resemble a pro-wrestling match where one wrestler gets his opponent in a headlock, throws him to the ground and has him pinned—for a long two seconds—until he miraculously escapes. It’s good theater, but it’s tough on the audience.

Read Here – The National Interest

China Vows To Upgrade Country’s Manufacturing; No Mention Of Made In China 2025 For First Time In Three Years

In delivering his 2019 government work report to the National People’s Congress in Beijing, Chinese Premier Li Keqiang said the country would “work faster to make China strong in manufacturing” – this despite there being no mention of “Made in China 2025” in the government work report for the first time in three years.

Read Here – South China Morning Post

China Says Last Year’s GDP Growth Was Worth More Than Australia’s Whole Economy

Shanghai, China – Photo courtesy: ADB/Flickr

China’s added GDP last year exceeded the value of Australia’s total output, the country’s statistics agency said as it sought to highlight the country’s economic resilience. In 2018, China’s economic growth rate slowed to the lowest level in 28 years – a fact that has fanned concerns about the country’s economic outlook.

Read Here – South China Morning Post

China’s Lawmakers Are Gearing Up For A New World Order As ‘Two Sessions’ Approach

As China battles a trade war and international suspicion, delegates at this year’s National People’s Congress can no longer concern themselves only with domestic issues, analysts say And as the 70th anniversary of Communist Party rule draws ever nearer, the last thing Beijing needs is more disruption.

Read Here – South China Morning Post

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