Is He Lifeng China’s next economic tsar?
Signs are increasingly suggesting that the current chairman of China’s top economic planner will be named vice-premier next month. Read More Here
Tag: financial markets
Will China Prove The Doomsayers Wrong?
Investors seem convinced that Chinese President Xi Jinping’s new leadership lacks the knowhow and independence to mount an effective response to the profound economic challenges the country faces. Whether they are proved right or wrong depends – like virtually everything else in China nowadays – on the man at the top. Read More Here
The Dangerous New Anti-Globalization Consensus
The long-time critics of globalization who warned us that it would end badly are having a told-you-so moment… It took a protectionist U.S. president, a global pandemic, and a new European war to prove them right. Read More Here
India Says Crypto Not Illegal As It’s Taxed Like Gambling Win
The Indian government said it doesn’t treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same as winnings from gambling. Read More Here
‘Stealth Investment’: Chinese Money Finds Its Way Into Indian Tech As IPOs Boom
India’s tech scene is flourishing after Covid-19 lockdowns led to greater use of digital services, with investors pouring US$10 billion into start-ups this year. While investors such as Softbank dominate, Chinese investors are also returning via Hong Kong, despite New Delhi’s FDI rules and deteriorating bilateral relations. Read More Here
A Digital Nixon Shock?
US President Richard Nixon’s 1971 decision to end the US dollar’s convertibility into gold had such far-reaching consequences that it took policymakers decades to learn to manage the new system. Now, digital technologies are driving a new monetary revolution that could end the greenback’s global primacy altogether. Read More Here
Crypto Crunch Time
The likelihood that the world’s major central banks will sooner or later issue their own digital currencies has brought increased scrutiny of the sector’s existing private players. Sooner or later, cryptocurrency enthusiasts who have long argued that politicians would never dare to regulate Bitcoin and the rest will need to think again. Read More Here
Five Myths About Cryptocurrency
Cryptocurrencies might turn out to be a massive speculative bubble that ends up hurting many naive investors. Indeed, many cryptocurrency fortunes have already evaporated with the recent plunge in prices. But whatever their ultimate fate, the ingenious technological innovations underpinning them will transform the nature of money and finance. Read More Here
Coming Soon: The Demise Of The U.S. Dollar?
There are many reasons to worry about the U.S. dollar’s underlying economic fundamentals. However, before despairing that America is well on the way to a dollar crisis a person might want to ask two questions. First, does the dollar have any serious rival to displace it as the world’s international reserve currency? Second, would the […]
What The Biden Presidency Means For US Economic Policy
Although Joe Biden has ambitious proposals to raise taxes and spend trillions of dollars over the next decade, he will be constrained if Republicans retain control of the Senate. He should welcome that outcome as an opportunity to govern in the mode of Bill Clinton, rather than as the ideologue others would like him to […]
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