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looking beyond borders

foreign policy and global economy

Archive for the tag “jobs”

How Long Will China’s Soaring Growth Last?

To present and future Chinese leaders, managing economic change while maintaining social stability is much more important than figuring out how to respond to the social media rumblings of a sitting US president. For an economy as much as an individual, too much of a good thing can be detrimental. In the run-up to the global financial crisis, China’s economy, and more importantly, Chinese jobs, depended on exports.

Read Here – Chatam House

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America’s Unusual Recovery Is Now Also its Longest

After overcoming significant political and economic headwinds during the past decade, the US economy now appears to have undergone its longest sustained expansion in history. Yet, behind the data showing historically low unemployment and long-awaited wage growth lie vulnerabilities that cannot be ignored.

Read Here – Project Syndicate

For Trump, Morning in America never seems to dawn

The economic news is impressive: the lowest unemployment rate since 1969 and 3.2 percent economic growth in the first quarter. For President Trump, it raises the possibility of running an upbeat, Morning in America-style reelection campaign, like Ronald Reagan did in 1984. Except for one thing: Trump is congenitally unable to keep it sunny, or to stay on any message. Attempts at accentuating the positive invariably devolve into his usual recitation of grievance and gloom.

Read Here – The Washington 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

Reaping The Benefits Of African Economic Integration

Africa must industrialise to diversify away from natural resources and create jobs for its fast-growing young population. And by boosting intra-continental trade, consumption, and investment, regional integration can be a strong vector for improving productivity, building manufacturing powerhouses, and developing credible African brands.

Read Here – Project Syndicate

China Economy Slows Further, Matching Its Lowest Ever Quarterly Growth

The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year on year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the lowest growth rate since the Chinese government began publishing quarterly growth rates at the beginning of 1992. 

Read Here – South China Morning Post

Also Read: Trade war or peace, China is seeking economic stability not growth

It’s All About Modi As India Prepares For Mammoth 2019 Election

Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India’s ruling party is doubling down on Prime Minister Narendra Modi. Four-and-a-half years after crushing the Nehru-Gandhi dynasty’s latest scion as he swept to victory, Modi still cultivates his image as a diligent, incorruptible son-of-a-tea-seller who strives to make India a prouder, more powerful country.

Read Here – Bloomberg

Why Young Pakistanis Are Learning Chinese

In the past, English was the sole language of upward mobility in Pakistan, both a relic of British colonial rule and a means of accessing Western markets, educational institutions, and jobs. Now, Mandarin has become the “hot new trend,” said Abbas, the Mandarin instructor in Gilgit…In Pakistan, the growth in Mandarin-language learning has been fuelled by direct funding from the Chinese and Pakistani governments, as well as a mushrooming cottage industry of private teachers and institutes claiming to provide “the Chinese edge.”

Read Here – The Atlantic

China’s Middle Class Tightens Its Belt

The sea change in consumer behaviour has apparently worried Beijing. In September, China’s cabinet pushed for supportive mechanisms to boost consumption, following its move in August to raise the threshold for collecting income taxes to 5,000 yuan per month from the previous 3,500 yuan.

Read Here – Nikkei Asian Review

The U.S. Economy Is Great, Really, For Now

Trump haters may be tempted to conclude from all this that he is about to lead America into a sudden decline, but that is not the point. This American decade started under President Obama, continued under Mr. Trump and survived congressional gridlock throughout, showing that the economy often rises above politics. The economy is driven less by ideology than by its own internal cycles, and this cycle has been turning in America’s favor for so long that it is unlikely to last much longer.

Read Here – New York Times

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