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looking beyond borders

foreign policy and global economy

Archive for the tag “stock market”

How China’s Middle Class Views The Trade War

Never before has China’s fast-growing middle class confronted such daunting economic challenges, which mainly stem from domestic causes but have expanded to include escalating tensions with the United States. As a result, the members of this crucial group have developed an acute sense of anxiety.

Read Here – Foreign Affairs

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Is Xi Jinping’s Bold China Power Grab Starting To Backfire?

An economic slowdown, a tanking stock market, and an infant-vaccine scandal are all feeding domestic discontent, while abroad, in Western capitals and financial centers, there’s a growing wariness of Chinese ambitions. And then there is the escalating trade war with the U.S. China initially refused to believe it would happen, but in the past few weeks it’s become the prism through which Xi’s perceived failings are best projected.

Read Here – Bloomberg

Pakistan’s Economy Is A Pleasant Surprise

Pakistan’s improvement matters because, with approximately 200 million people, it is the sixth most populous country in the world. It is also a nuclear power, and arguably a key to peace in the region.

Read Here – Bloomberg

Selling Off The State In China

The good news is Xi is changing tack. Rather than just tossing more stimulus at the economy and stocks, he’s redoubling efforts to reform the inefficient and opaque state-owned enterprises at the root of so many of China’s vulnerabilities. In other words, Xi is finally working to strengthen China’s foundations rather than papering over the cracks. The bad news is that Xi could just as easily be making things worse.

Read Here – BloombergView

What’s Behind Chinese Leaders’ Response to the Market Crisis?

The current China conundrum lies in both economic and political dimensions, although much of the alarm about China’s economic downturn appears to be misplaced or overstated. China’s economic fundamentals essentially are solid. Multiple indicators point to a growth slowdown that remains broadly in line with the leadership’s game plan, and the authorities can draw upon enormous financial resources and economic resilience. Particularly if planned reforms go forward, the Chinese economy should be able to continue functioning as a reliable driver of global economic growth.
Read Here – Knowledge@Wharton

For A Global Power, It Is Necessary To Speak

The inability of the world’s second-biggest economy, its representatives and its leaders to communicate and interact with the world is plain bad news for everybody. If you are not able to tell your story, people tend to make up their own tales. Perceptions matter and as Beijing would know, the Chinese aren’t the most loved people in the world.

Read Here – BusinessWorld

“God Gave You Everything. And Then, He Also Gave You Delhi To Mess It All Up”

Commodities trading guru and hedge fund manager Jim Rogers has sold his holdings in Indian companies and exited India because, he says, the National Democratic Alliance (NDA) government has failed to live up to investors’ expectations.

Read Here – Mint

China: The New Spanish Empire?

Since the dawn of capitalism, closed societies with repressive governments have — much like China — been capable of remarkable growth and innovation. Sixteenth-century Spain was a great imperial power, with a massive navy and extensive industry such as shipbuilding and mining. One could say the same thing about Louis XIV’s France during the 17th century, which also had vast wealth, burgeoning industry and a sprawling empire. But both countries were also secretive, absolute monarchies, and they found themselves thrust into competition with the freer countries Holland and Great Britain.

Read Here – Politico

China’S Xi Staying The Course Despite Sliding Economy

What does China’s leadership lose politically as a result of the country’s precipitous stock market decline? A bit of international swagger, but probably not much else – for now.

Read Here – Associated Press

Are China’s GDP Numbers Believable?

Almost immediately after the Chinese National Bureau of Statistics released its second quarter GDP growth estimate of 7 percent in mid-July, a group of China watchers were crying foul. China officially targeted full-year growth of around 7 percent in 2015, a number matched exactly by its reported GDP figures for the first half of the year.

Read Here – The Diplomat

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