Governor of the Reserve Bank of Australia Philip Lowe’s speech last week highlighting the risks to the Chinese financial system from shadow banks – non-bank financial institutions often operating in more lightly regulated wholesale markets – has once again drawn attention to the major economic risk in China. Read Here – Lowy Institute
The world seems to be moving away from multilateralism. The United States has withdrawn from the Trans-Pacific Partnership and the Paris agreement on climate change, attacked the World Trade Organization, and threatened to start several trade wars. The United Kingdom is negotiating a messy exit from the European Union. But one place is bucking the […]
The gradual disintegration of the Chimerica symbiosis is likely to be the world’s biggest business story for the next several years, if not decades. Even if the U.S. and China don’t come to blows, their deepening economic rivalry creates a headache for multinational companies that have spent decades constructing global supply chains. Read Here – Bloomberg
Much has been written on Chinese President Xi Jinping’s remarkable consolidation of political power since he took office five years ago. But an equally important question for the international community to consider is how Xi views the world—and what that means for how China will approach it. Because of the opacity of the Chinese political system, this is […]
That Malaysia is in a funk is hardly in doubt. Najib’s rule has been marred by accusations of cronyism, most obviously the farrago over sovereign wealth fund 1Malaysia Development Berhad, in which $4.5 billion is alleged to have been siphoned off by managers and associates, according to a U.S. Justice Department probe. The prime minister […]
Bangladesh has become one of Asia’s most remarkable and unexpected success stories in recent years. Once one of the poorest regions of Pakistan, Bangladesh remained an economic basket case—wracked by poverty and famine—for many years after independence in 1971. In fact, by 2006, conditions seemed so hopeless that when Bangladesh registered faster growth than Pakistan, […]
China is emerging as a disruptive force on the international stage. For thirty years, it was encouraged to join international institutions and subscribe to their norms. Now, having joined them, it seeks, like most major powers, to leverage its seat at the top table to support its national interests. But this is not even one iota surprising. […]
China wants to invest in big connectivity projects in Nepal but prefers to bring its Asian competitor, India, on board. Some Nepali and Chinese scholars see this as an opportunity for trilateral cooperation between Nepal, India, and China, but Indian policymakers and academics have not shown much interest. Read Here – The Diplomat
Trust is an economic variable sounded like an echo swirling around Wuhan’s East Lake in China as President Xi Jinping was hosting last Friday and Saturday Indian Prime Minister Narendra Modi for an “informal,” “heart-to-heart” summit. Read Here – CNBC
Yes, we all know that Google is dominant in the realm of search. But at the same time, the internet is also a huge place – and building a decent searching algorithm can’t be that hard, right? The chart is a bit mind-boggling, because it makes the case that Google is even more dominant than you […]
looking beyond borders 